King Fook Holdings Sustainability Profile
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 59% 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 2024, King Fook Holdings, headquartered in Hong Kong (HK), reported total carbon emissions of approximately 204,520 kg CO2e, which includes 5,950 kg CO2e from Scope 1, 198,570 kg CO2e from Scope 2, and 22,710 kg CO2e from Scope 3 emissions related to business travel. This data reflects a commitment to transparency in emissions reporting, with disclosures covering all three scopes. The company has set ambitious reduction targets, aiming to decrease GHG intensity by 20% for Scope 1 and energy intensity by 20% for Scope 2 by the end of the 2024/25 fiscal year, using 2017/18 as the baseline. These initiatives demonstrate King Fook Holdings's proactive approach to mitigating its environmental impact. In 2023, the company reported total emissions of about 220,680 kg CO2e in HK, with Scope 1 emissions at 3,570 kg CO2e and Scope 2 emissions at 217,110 kg CO2e. The previous year's global emissions were significantly higher, at approximately 9,032,830 kg CO2e, indicating a focus on improving efficiency and reducing emissions over time. King Fook Holdings's emissions data is cascaded from its parent company, King Fook Holdings Limited, ensuring alignment with broader corporate sustainability goals. The company is committed to ongoing improvements in its environmental performance, reflecting industry standards and best practices in 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 |
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King Fook Holdings's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
King Fook Holdings has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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