CITIC Limited

CITIC Limited's reported carbon emissions

CITIC Limited, headquartered in Hong Kong, reported a total of approximately 4.19 billion kg CO2e in carbon emissions for the 2022 fiscal year. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. Breaking down the 2022 emissions: * **Scope 1 emissions** totalled approximately 227.1 million kg CO2e, primarily from stationary combustion. * **Scope 2 emissions** amounted to roughly 501.4 million kg CO2e, largely from purchased electricity. * **Scope 3 emissions** were significantly higher, reaching approximately 3.67 billion kg CO2e. Key contributors within Scope 3 included fuel and energy-related activities, purchased goods and services, and upstream transportation and distribution. For the 2023 and 2024 fiscal years, CITIC Limited reported Scope 1 and Scope 2 emissions totalling approximately 1.54 billion kg CO2e and 1.60 billion kg CO2e, respectively. Scope 3 data was not disclosed for these years, with noted missing data points including purchased goods and services, business travel, and employee commute. CITIC Limited has set several climate-related targets. By 2025, the company aims to achieve an 18% reduction in carbon emissions per unit of output, compared to 2020 levels. Looking further ahead, the organisation has a long-term ambition to become a pioneer in green and low-carbon development, fully integrating into green, low-carbon, and circular development industrial systems, as well as a clean, efficient, and safe energy system by 2060.