Hongkong Electric Holdings
Hongkong Electric Holdings Limited, commonly referred to as HK Electric, is a leading energy provider based 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 core services, which include reliable power generation and a strong emphasis on renewable energy initiatives. HK Electric has achieved significant milestones, including the development of advanced power generation technologies and a robust infrastructure that supports its market position as one of the largest electricity suppliers in Hong Kong. With a dedication to environmental stewardship, HK Electric continues to lead the way in the transition towards a greener energy future.
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 Supply 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 40 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hongkong Electric Holdings's reported carbon emissions
In 2023, Hongkong Electric Holdings reported total carbon emissions of approximately 7.2 million tonnes CO2e. This figure includes about 6.9 million tonnes from Scope 1 emissions, which are direct emissions from owned or controlled sources, and around 348,000 tonnes from Scope 2 emissions, related to the generation of purchased electricity. Additionally, the company recorded approximately 750,000 tonnes from Scope 3 emissions, which encompass indirect emissions from fuel and energy-related activities. Over the past few years, Hongkong Electric has made notable progress in reducing its carbon footprint. Emissions decreased from about 7.5 million tonnes CO2e in 2021 to approximately 7.2 million tonnes in 2023, reflecting a commitment to sustainability and climate action. The company has not publicly outlined specific reduction targets but has been actively involved in climate reporting initiatives, achieving a score of "A 86" in the CDP (Carbon Disclosure Project) assessment in previous years. Hongkong Electric's ongoing efforts to mitigate climate impact align with industry standards and demonstrate a proactive approach to addressing climate change. The company continues to explore strategies for further emissions reductions and enhancing energy efficiency in its operations.
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Add to project2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 6,602,000,000 | 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 | - | 0,000,000,000 | 0,000,000,000 | 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 committed to some 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.
