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 63% 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. The Scope 3 emissions breakdown includes capital goods (approximately 134,000,000 kg CO2e), business travel (400,000 kg CO2e), employee commute (400,000 kg CO2e), purchased goods and services (approximately 14,700,000 kg CO2e), waste generated in operations (500,000 kg CO2e), and fuel and energy-related activities (approximately 1,059,700,000 kg CO2e). HK Electric has set ambitious climate commitments, aiming to reduce its Scope 1 greenhouse gas emissions by 68.4% per kilowatt-hour of electricity generated by 2035, using 2019 as the baseline year. This target is classified as consistent with the reductions required to keep global warming well below 2°C, as per the Science Based Targets initiative (SBTi). The company’s commitment reflects a long-term strategy to enhance sustainability within the electric utilities sector. Overall, HK Electric's emissions data and climate commitments underscore its proactive approach to addressing climate change and reducing its carbon footprint in Hong Kong.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 7,190,000,000 | 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.
