Hk Electric Sustainability Profile
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 44 is higher than 66% 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). In 2023, HK Electric's emissions were slightly higher, with Scope 1 emissions at about 6,640,000,000 kg CO2e and Scope 3 emissions around 1,080,000,000 kg CO2e. The company 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 base year. This target aligns with the Science Based Targets initiative (SBTi) and is classified as consistent with keeping global warming well below 2°C. HK Electric's emissions data and climate commitments are sourced from HK Electric Investments and HK Electric Investments Limited, with no data cascaded from a parent organization. The company continues to focus on reducing its carbon footprint while maintaining its role in the electric utilities sector 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 |
How Carbon Intensive is Hk Electric's Industry?
How Carbon Intensive is Hk Electric's Location?
Hk Electric's Scope 3 Categories Breakdown
Hk Electric's Scope 3 emissions, which increased by 12% last year and increased by approximately 10% since 2021, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Fuel and Energy Related Activities" being the largest emissions source at 88% of Scope 3 emissions.
Top Scope 3 Categories
Hk Electric'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.
Hk Electric has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Hk Electric's sustainability data and climate commitments