Citic Telecom Sustainability Profile
Citic Telecom, officially known as Citic Telecom International Holdings Limited, is a leading telecommunications provider headquartered in Hong Kong. Established in 1997, the company has expanded its operations across key regions in Asia, offering a diverse range of services that include fixed-line and mobile telecommunications, data centre solutions, and cloud services. With a strong focus on innovation, Citic Telecom distinguishes itself through its robust infrastructure and commitment to customer service. The company has achieved significant milestones, including strategic partnerships and expansions that enhance its market position. Recognised for its reliability and comprehensive service offerings, Citic Telecom continues to play a pivotal role in the telecommunications industry, catering to both individual and enterprise clients.
DitchCarbon Score
How does Citic Telecom'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 Telecommunications Services 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
Citic Telecom's score of 23 is lower than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Citic Telecom's reported carbon emissions
In 2022, Citic Telecom reported total carbon emissions of approximately 36,283,300 kg CO2e, comprising 261,800 kg CO2e from Scope 1, 35,882,000 kg CO2e from Scope 2, and 139,500 kg CO2e from Scope 3 emissions. This marked a decrease from 40,492,400 kg CO2e in 2021, indicating a commitment to reducing their carbon footprint. The company has disclosed emissions data for all three scopes, demonstrating transparency in their environmental impact. Despite the reduction in total emissions, Citic Telecom has not set specific reduction targets or climate pledges, as indicated by the absence of documented reduction initiatives or SBTi targets. The emissions data is cascaded from its parent company, CITIC Telecom International Holdings Limited, reflecting the broader corporate family's sustainability efforts. For 2023, emissions data is not yet available, but the company continues to report emissions intensity, with a figure of about 4.9 kg CO2e per million HKD in telecommunications revenue. This metric provides insight into the company's operational efficiency in relation to its carbon emissions. Overall, while Citic Telecom has made strides in emissions reduction, the lack of formal targets suggests an opportunity for further commitment to climate action.
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| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 667,500 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 38,371,700 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 265,100 | 000,000 | 000,000 | 000,000 | 000,000 |
How Carbon Intensive is Citic Telecom's Industry?
How Carbon Intensive is Citic Telecom's Location?
Citic Telecom's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Citic Telecom has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
