King Fook Holdings
King Fook Holdings Limited, commonly known as King Fook, is a prominent player in the jewellery and luxury goods industry, headquartered in Hong Kong (HK). Established in 1948, the company has built a strong reputation for its exquisite craftsmanship and high-quality products, serving both local and international markets. With a diverse portfolio that includes fine jewellery, watches, and gold products, King Fook distinguishes itself through its commitment to authenticity and innovation. The company operates several retail outlets across Hong Kong and mainland China, catering to a discerning clientele seeking luxury and elegance. Over the years, King Fook has achieved significant milestones, solidifying its market position as a trusted name in the jewellery sector. Its dedication to customer satisfaction and quality assurance has earned it numerous accolades, making it a leader in the competitive landscape of luxury retail.
DitchCarbon Score
How does King Fook 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 Retail Trade 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
King Fook Holdings's score of 37 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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King Fook Holdings's reported carbon emissions
In 2023, King Fook Holdings reported total greenhouse gas (GHG) emissions of approximately 9,032,830 kg CO2e, comprising 629,550 kg CO2e from Scope 1 and 8,403,280 kg CO2e from Scope 2 emissions. The company also recorded Scope 3 emissions of about 8,210 kg CO2e. This data reflects a commitment to transparency in emissions reporting, with disclosures covering all relevant scopes. For 2022, the total emissions were about 10,075,030 kg CO2e, with Scope 1 emissions at 641,780 kg CO2e and Scope 2 emissions at 9,432,250 kg CO2e. The reduction in total emissions from 2022 to 2023 indicates a positive trend in their climate performance. King Fook Holdings has set ambitious near-term reduction targets, aiming to decrease GHG intensity by 20% for Scope 1 and Scope 2 emissions by the end of the 2024/25 fiscal year, using 2017/18 as the baseline. This commitment underscores the company's proactive approach to mitigating its environmental impact. The emissions data is cascaded from King Fook Holdings Limited, reflecting its status as a current subsidiary. The company is actively engaged in initiatives to enhance its sustainability practices, aligning with industry standards for climate action.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | - | 000,000 | 000,000 |
| Scope 2 | - | - | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 0,000 |
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.
King Fook Holdings 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.
