Li And Fung
Li & Fung Limited, headquartered in Hong Kong, is a leading global supply chain solutions provider, specialising in the apparel and consumer goods industries. Founded in 1906, the company has evolved significantly, establishing a robust operational presence across Asia, Europe, and the Americas. Li & Fung is renowned for its unique ability to connect brands with suppliers, offering a comprehensive range of services including product development, sourcing, and logistics. This integrated approach enables clients to navigate the complexities of global trade efficiently. With a strong market position, Li & Fung has achieved notable milestones, including partnerships with some of the world's most recognised retail brands. The company's commitment to innovation and sustainability further distinguishes it in the competitive landscape, making it a trusted partner in the ever-evolving supply chain sector.
DitchCarbon Score
How does Li And Fung'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 Business 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
Li And Fung's score of 30 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Li And Fung's reported carbon emissions
In 2023, Li & Fung, headquartered in Hong Kong (HK), reported total carbon emissions of approximately 4,680,120 kg CO2e from Scope 1 and Scope 2 sources combined. This figure includes 549,900 kg CO2e from Scope 1 emissions and about 4,131,180 kg CO2e from Scope 2 emissions (market-based). The company has shown a significant reduction in emissions over the years. For instance, in 2021, their total emissions from Scope 1 and Scope 2 were approximately 12,291,970 kg CO2e, indicating a substantial decrease in emissions by about 7,611,850 kg CO2e by 2023. Li & Fung has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, which suggests a need for further commitment in this area. The absence of Scope 3 emissions data also highlights a potential gap in their overall emissions reporting. Overall, while Li & Fung has made progress in reducing its carbon footprint, the company may benefit from establishing clearer climate commitments and targets to enhance its sustainability efforts.
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| 2014 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 6,686,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 86,323,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| 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.
Li And Fung is not committed to any 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.
