Hongkong Electric Holdings
Hongkong Electric Holdings Limited, commonly referred to as HK Electric, is a leading energy provider headquartered in Hong Kong. Established in 1890, the company has played a pivotal role in the region's electricity supply, primarily serving Hong Kong Island and Lamma Island. Operating within the utilities industry, HK Electric focuses on the generation, transmission, and distribution of electricity, with a commitment to sustainability and innovation. The company is renowned for its advanced power generation technologies and a diverse energy mix, including renewable sources. With a strong market position, HK Electric has achieved significant milestones, including the implementation of smart grid technologies and a robust infrastructure that supports the growing energy demands of the region. Its dedication to reliability and environmental stewardship sets it apart in the competitive energy landscape.
DitchCarbon Score
How does Hongkong Electric Holdings'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 Electricity from Other Sources 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
Hongkong Electric Holdings's score of 28 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hongkong Electric Holdings's reported carbon emissions
In 2023, Hongkong Electric Holdings reported total carbon emissions of approximately 7,875,967,000 kg CO2e, comprising 6,875,967,000 kg CO2e from Scope 1 and 763,202,600 kg CO2e from Scope 2 emissions. Additionally, the company disclosed Scope 3 emissions amounting to 705,633,000 kg CO2e. Over the past few years, there has been a slight decrease in emissions, with Scope 1 emissions reducing from about 7,156,111,000 kg CO2e in 2020 to 6,875,967,000 kg CO2e in 2023. Scope 2 emissions also saw a decline from approximately 992,547,000 kg CO2e in 2020 to 763,202,600 kg CO2e in 2023. Despite these reductions, Hongkong Electric Holdings has not set specific reduction targets or climate pledges, indicating a potential area for improvement in their climate commitments. The company continues to operate within the context of the global push for enhanced sustainability and carbon neutrality in the energy sector.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 7,156,111,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 992,547,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 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.
Hongkong Electric Holdings is participating in some 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.
