Hong Kong And China Gas

Hong Kong And China Gas's reported carbon emissions

The Hong Kong and China Gas Company Limited (Towngas), headquartered in HK and operating in the distribution services of gaseous fuels through mains industry, has reported significant carbon emissions and outlined climate commitments. For the year 2024, Towngas reported total global emissions of approximately 24.6 billion kg CO2e. This figure comprises approximately 1.6 billion kg CO2e for Scope 1 emissions and approximately 518 million kg CO2e for Scope 2 emissions. Scope 3 emissions were substantial, with purchased goods and services accounting for approximately 3.3 billion kg CO2e and the use of sold products contributing about 20.7 billion kg CO2e. In 2023, total emissions were approximately 27.6 billion kg CO2e. Scope 1 emissions were around 1.6 billion kg CO2e, and Scope 2 emissions stood at approximately 618 million kg CO2e. Scope 3 emissions for 2023 included approximately 3.7 billion kg CO2e from purchased goods and services and about 23.1 billion kg CO2e from the use of sold products. Towngas has established reduction targets. Historically, they set a target of a 30% reduction in the carbon intensity of their Hong Kong gas production for 2020, compared to a 2005 baseline, for both Scope 1 and Scope 2. The company is also committed to medium- to long-term targets to mitigate carbon emissions, aiming for net-zero by 2030. While no specific percentage reduction targets are provided for Scope 3, the company acknowledges its significance.