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 22 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hong Kong And China Gas's reported carbon emissions
In 2023, Hong Kong and China Gas reported total carbon emissions of approximately 2,210,000,000 kg CO2e. This figure includes 1,596,000,000 kg CO2e from Scope 1 emissions, 618,000,000 kg CO2e from Scope 2 emissions, and a significant 27,555,000,000 kg CO2e from Scope 3 emissions, which encompasses emissions from the use of sold products and other activities. The company has demonstrated a commitment to addressing climate change, although specific reduction targets or initiatives have not been disclosed. The absence of documented reduction targets suggests that while the company is aware of its emissions profile, it may not yet have formalised strategies for significant reductions. Historically, emissions data shows a trend of increasing emissions over the years, with total emissions in 2021 recorded at approximately 1,983,000,000 kg CO2e, indicating a rise in emissions in subsequent years. The company has not publicly committed to Science-Based Targets Initiative (SBTi) reduction targets, which are often seen as a benchmark for corporate climate commitments. Overall, while Hong Kong and China Gas has made strides in reporting its emissions, further transparency regarding specific reduction strategies and commitments would enhance its climate action profile.
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Access structured emissions data, company-specific emission factors, and source documents
| 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 committed to any 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.
