Hong Kong And China Gas Sustainability Profile
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 55 is higher than 82% 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 2024, Hong Kong and China Gas reported total carbon emissions of approximately 2,146,000,000 kg CO2e. This figure includes Scope 1 emissions of about 1,628,000,000 kg CO2e, Scope 2 emissions of approximately 518,000,000 kg CO2e, and significant Scope 3 emissions, notably from the use of sold products, which accounted for about 20,669,000,000 kg CO2e. The company has set ambitious reduction targets, aiming for a 30% decrease in the carbon intensity of its Hong Kong gas production by 2020, compared to a 2005 baseline. This target applies to both Scope 1 and Scope 2 emissions. Additionally, Hong Kong and China Gas is committed to long-term strategies to further mitigate carbon emissions, with a focus on achieving net-zero emissions by 2030. The emissions data is sourced directly from The Hong Kong and China Gas Company Limited, with no cascaded data from parent organizations. The company continues to enhance its climate commitments, aligning with industry standards for carbon reduction and sustainability.
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Access structured emissions data, company-specific emission factors, and source documents
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 797,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 258,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | - | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Hong Kong And China Gas's Industry?
How Carbon Intensive is Hong Kong And China Gas's Location?
Hong Kong And China Gas's Scope 3 Categories Breakdown
Hong Kong And China Gas's Scope 3 emissions, which decreased by 11% last year and decreased by approximately 11% since 2023, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 85% of Scope 3 emissions.
Top Scope 3 Categories
Hong Kong And China Gas's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Hong Kong And China Gas has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
