Hong Kong Technology Venture
Hong Kong Technology Venture, commonly referred to as HKTV, is a leading player in the e-commerce and technology sector, headquartered in Hong Kong. Founded in 2015, the company has rapidly established itself as a pioneer in online retail, leveraging advanced technology to enhance customer experience and streamline operations across its major operational regions in Asia. HKTV offers a diverse range of services, including online grocery shopping, digital entertainment, and logistics solutions, distinguished by its innovative use of data analytics and user-friendly platforms. The company has achieved significant milestones, such as launching its own online supermarket and expanding its product offerings, solidifying its market position as a trusted brand in the competitive landscape of Hong Kong's digital economy.
DitchCarbon Score
How does Hong Kong Technology Venture'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 Business Services 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 Technology Venture's score of 29 is higher than 58% 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 Technology Venture's reported carbon emissions
In 2023, Hong Kong Technology Venture reported total carbon emissions of approximately 14,686,140 kg CO2e. This figure includes 4,629,740 kg CO2e from Scope 1 emissions, primarily from mobile combustion, and 7,927,630 kg CO2e from Scope 2 emissions related to purchased electricity. Comparatively, in 2022, the company recorded total emissions of about 13,234,810 kg CO2e, with Scope 1 emissions at 4,721,440 kg CO2e and Scope 2 emissions at 7,472,120 kg CO2e. This indicates a rise in emissions from 2022 to 2023, reflecting the challenges in reducing carbon footprints amid increasing operational demands. Over the past few years, emissions have shown a general upward trend, with 2021 emissions at approximately 11,985,960 kg CO2e and 2020 emissions at about 11,323,250 kg CO2e. The company has not set specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future improvement in their climate strategy. As of now, Hong Kong Technology Venture does not disclose any Scope 3 emissions, which could provide a more comprehensive view of their overall carbon impact. The absence of reduction targets suggests that the company may need to enhance its climate commitments to align with industry standards and expectations.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 3,661,570 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 7,661,670 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - |
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 Technology Venture 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.
