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 30 is higher than 68% 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. This figure includes 6,875,967,000 kg CO2e from Scope 1 emissions, 348,851,000 kg CO2e from Scope 2 emissions (market-based), and 705,633,000 kg CO2e from Scope 3 emissions. The combined Scope 1 and 2 emissions totalled about 7,224,818,000 kg CO2e (market-based). Comparatively, in 2022, the company recorded total emissions of around 7,353,304,000 kg CO2e, with Scope 1 emissions at 6,942,303,000 kg CO2e and Scope 2 emissions (market-based) at 408,562,000 kg CO2e. The total emissions for Scope 1 and 2 combined were approximately 7,350,865,000 kg CO2e (market-based). Despite these figures, Hongkong Electric Holdings has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company continues to operate within the context of the energy sector, which is under increasing pressure to reduce carbon footprints and transition towards more sustainable practices.
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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.
