Jardine Matheson

Jardine Matheson, an Offices of Other Holding Companies firm headquartered in BM, reported Scope 1 emissions of 4.621 billion kg CO2e and Scope 2 (market-based) emissions of 1.0885 billion kg CO2e in 2025. In 2024, the company's Scope 1 emissions were approximately 5.0287 billion kg CO2e, and Scope 2 (market-based) emissions were about 1.1458 billion kg CO2e. For 2023, Scope 1 emissions were around 4.9921 billion kg CO2e and Scope 2 (market-based) emissions were 1.206 billion kg CO2e. In 2022, Jardine Matheson recorded Scope 1 emissions of approximately 4.8393 billion kg CO2e and Scope 2 (market-based) emissions of 1.3951 billion kg CO2e. In 2021, Scope 1 emissions were about 4.395 billion kg CO2e and Scope 2 (market-based) emissions were 1.325 billion kg CO2e. The company has not disclosed Scope 3 emissions for these years.

Jardine Matheson aims for net-zero greenhouse gas emissions by 2050. Hongkong Land, a group business, has a Science Based Targets initiative (SBTi) approved target to reduce absolute Scope 1 and 2 GHG emissions by 46.2% and Scope 3 GHG emissions by 22% per m2 by 2030, against a 2019 baseline. Furthermore, Jardine Matheson targets a 45-60% reduction in Scope 1 and 2 emissions and a 20-50% reduction in Scope 3 emissions between 2030 and 2035, compared to a 2018-2023 base year. Another group business, UT, has set a medium-term target of a 30% reduction in Scope 1 and 2 emissions by 2030 from a 2019 baseline. The company has also set targets to decarbonise its asset portfolio to net-zero by 2050 in Hong Kong and Vietnam, and by 2060 in China and Indonesia.