Chow Tai Fook Jewellery Group Limited
Chow Tai Fook Jewellery Group Limited, a leading name in the global jewellery industry, is headquartered in Hong Kong. Founded in 1929, the company has established a strong presence across Asia, particularly in Mainland China, Macau, and Taiwan. Specialising in gold, platinum, and diamond jewellery, Chow Tai Fook is renowned for its commitment to quality and craftsmanship, offering unique designs that cater to diverse consumer preferences. With a rich history marked by significant milestones, Chow Tai Fook has become a market leader, recognised for its innovative retail strategies and extensive distribution network. The brand's dedication to sustainability and ethical sourcing further enhances its reputation, making it a trusted choice for discerning customers. As a pioneer in the jewellery sector, Chow Tai Fook continues to set trends and redefine luxury in the industry.
DitchCarbon Score
How does Chow Tai Fook Jewellery Group Limited's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Precious Metal Production industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Chow Tai Fook Jewellery Group Limited's score of 22 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Chow Tai Fook Jewellery Group Limited's reported carbon emissions
In 2023, Chow Tai Fook Jewellery Group Limited, headquartered in Hong Kong (HK), reported total carbon emissions of approximately 59,279,000 kg CO2e. This figure includes 1,826,000 kg CO2e from Scope 1 emissions, 56,751,000 kg CO2e from Scope 2 emissions, and 726,000 kg CO2e from Scope 3 emissions. Comparatively, in 2022, the company’s total emissions were about 61,244,000 kg CO2e, indicating a slight reduction in emissions year-on-year. In 2021, the total emissions were approximately 54,037,000 kg CO2e, with Scope 1 emissions at 1,743,000 kg CO2e, Scope 2 at 51,577,000 kg CO2e, and Scope 3 at 717,000 kg CO2e. Despite these figures, Chow Tai Fook has not publicly disclosed specific reduction targets or initiatives as part of their climate commitments. The company has reported its emissions across all three scopes but has not set formal targets under the Science Based Targets initiative (SBTi) or other climate pledges. Overall, while Chow Tai Fook is actively monitoring its carbon footprint, further commitments and reduction strategies would enhance its sustainability profile in the jewellery industry.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 1,743,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 51,577,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 717,000 | 000,000 | 000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Chow Tai Fook Jewellery Group Limited is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
