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 22,100,000 kg CO2e, comprising 1,596,000,000 kg CO2e from Scope 1, 618,000,000 kg CO2e from Scope 2, and a significant 27,555,000,000 kg CO2e from Scope 3 emissions. This indicates a substantial reliance on indirect emissions, particularly from the use of sold products. The company has demonstrated a commitment to addressing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. The absence of documented reduction targets suggests that while Hong Kong and China Gas acknowledges its emissions, it has not yet formalised a strategy for significant reductions. Historically, the company has shown fluctuations in emissions, with total emissions recorded at approximately 1,393,000,000 kg CO2e in 2019, which included 843,000,000 kg CO2e from Scope 1 and 596,000,000 kg CO2e from Scope 2. The data indicates a trend of increasing emissions over the years, particularly in Scope 3, which highlights the need for enhanced climate commitments. Overall, while Hong Kong and China Gas is aware of its emissions profile, the lack of specific reduction targets or initiatives raises questions about its long-term climate strategy and commitment to sustainability.
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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.
