Hong Kong And China Gas
Hong Kong and China Gas Company Limited, commonly known as Towngas, is a leading energy provider headquartered in Hong Kong. Established in 1862, the company has evolved into a key player in the gas and energy sector, primarily serving Hong Kong and mainland China. Towngas is renowned for its innovative gas supply solutions, including town gas, natural gas, and a range of energy-related services. With a commitment to sustainability, Towngas has made significant strides in developing renewable energy sources and enhancing energy efficiency. The company holds a prominent market position, recognised for its reliability and customer-centric approach. Notable achievements include its extensive pipeline network and pioneering initiatives in smart energy technology, solidifying its reputation as a forward-thinking leader in the industry.
DitchCarbon Score
How does Hong Kong And China Gas'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 Gas Distribution 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
Hong Kong And China Gas's score of 29 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hong Kong And China Gas's reported carbon emissions
In 2023, Hong Kong and China Gas reported total carbon emissions of approximately 30,000,000,000 kg CO2e, with emissions distributed across various scopes: 1,596,000,000 kg CO2e (Scope 1), 618,000,000 kg CO2e (Scope 2), and a significant 27,555,000,000 kg CO2e (Scope 3). The combined emissions from Scope 1 and 2 totalled about 2,214,000,000 kg CO2e. The company has not disclosed specific reduction targets or initiatives as part of its climate commitments. However, it is essential to note that the absence of defined reduction targets may indicate a need for further development in their sustainability strategy. The emissions data reflects the company's substantial carbon footprint, particularly in Scope 3, which encompasses indirect emissions from the use of sold products and other upstream and downstream activities. Overall, Hong Kong and China Gas's emissions profile highlights the importance of addressing carbon emissions across all scopes to align with global climate goals.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 898,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 0,000,000,000 |
| Scope 2 | 378,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | 0,000,000,000 | 00,000,000 | 00,000,000,000 |
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.
Hong Kong And China Gas is not participating in any 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.
