Hk Electric
HKElectric, officially known as Hongkong Electric Company, Limited, is a leading energy provider headquartered in Hong Kong. Established in 1890, the company has played a pivotal role in the region's development, supplying electricity to Hong Kong Island and Lamma Island. With a strong focus on sustainability, HKElectric is committed to delivering reliable power while integrating innovative technologies and renewable energy solutions. The company’s core services include electricity generation, transmission, and distribution, distinguished by its emphasis on environmental stewardship and customer service. HKElectric has achieved notable milestones, including significant investments in clean energy initiatives, positioning itself as a market leader in the energy sector. With a reputation for excellence and a commitment to a greener future, HKElectric continues to shape the energy landscape in Hong Kong.
DitchCarbon Score
How does Hk Electric'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 Electricity from Other Sources 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
Hk Electric's score of 38 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hk Electric's reported carbon emissions
In 2024, HK Electric reported significant carbon emissions, with Scope 1 emissions totalling approximately 6,050,000,000 kg CO2e and Scope 3 emissions at about 1,210,000,000 kg CO2e. Notably, Scope 2 emissions were reported as zero. The company has set ambitious targets to reduce its greenhouse gas emissions, committing to a 68.4% reduction in Scope 1 emissions per kilowatt-hour of electricity generated by 2035, using 2019 as the base year. This commitment aligns with the Science Based Targets initiative (SBTi) and is classified as consistent with the reductions required to limit global warming to well below 2°C. Over the past few years, HK Electric's Scope 1 emissions have shown a slight decrease from approximately 6,640,000,000 kg CO2e in 2023 and 6,770,000,000 kg CO2e in 2022. The company has also reported Scope 3 emissions of about 1,080,000,000 kg CO2e in 2023 and 1,070,000,000 kg CO2e in 2022, indicating a relatively stable trend in upstream emissions. HK Electric's climate commitments reflect a proactive approach to addressing climate change, with a focus on reducing emissions intensity in its operations. The company's initiatives are crucial for its sustainability strategy and contribute to the broader efforts in the electric utilities sector to mitigate climate impacts.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 6,602,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - | - | - |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
Hk Electric is participating in some of the initiatives that 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.
