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 36 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hk Electric's reported carbon emissions
In 2023, HK Electric reported total carbon emissions of approximately 6,640,000,000 kg CO2e for Scope 1 and about 1,080,000,000 kg CO2e for Scope 3. This reflects a continued commitment to reducing greenhouse gas emissions, particularly in their operations. HK Electric has set a significant reduction target, aiming to decrease 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 goal of limiting global warming to well below 2°C, demonstrating the company's commitment to sustainable practices within the electric utilities sector. Over the past few years, HK Electric's Scope 1 emissions have shown fluctuations, with 7,190,000,000 kg CO2e in 2020, 7,390,000,000 kg CO2e in 2021, and a decrease to 6,770,000,000 kg CO2e in 2022. The company has not reported Scope 2 emissions, indicating a focus on direct emissions from their operations. Overall, HK Electric's climate commitments and reduction targets reflect a proactive approach to addressing climate change and reducing their carbon footprint in Hong Kong.
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Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 7,190,000,000 | 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 |
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 committed to some reduction initiatives 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.
