Mass Transit Railway Sustainability Profile
Mass Transit Railway Corporation Limited, commonly known as MTR, is a leading public transport operator headquartered in Hong Kong (HK). Established in 1979, MTR has significantly transformed urban mobility in the region, providing efficient and reliable rail services across Hong Kong and extending its operations to mainland China and international markets. MTR operates a comprehensive network of trains, light rail, and bus services, renowned for its punctuality and safety. The company has achieved notable milestones, including the introduction of the Octopus card system, which revolutionised fare collection. With a strong market position, MTR is recognised for its commitment to sustainability and innovation, making it a benchmark in the mass transit industry. Its unique blend of services and customer-centric approach continues to enhance the commuting experience for millions daily.
DitchCarbon Score
How does Mass Transit Railway'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 Rail Transport 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
Mass Transit Railway's score of 18 is lower than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mass Transit Railway's reported carbon emissions
In 2023, the Mass Transit Railway (MTR) in Hong Kong reported total carbon emissions of approximately 2.63 billion kg CO2e. This figure includes Scope 1 emissions of about 42.5 million kg CO2e, Scope 2 emissions of approximately 1.08 billion kg CO2e, and Scope 3 emissions totalling around 1.51 billion kg CO2e. The Scope 3 emissions breakdown reveals significant contributions from upstream leased assets (approximately 713.1 million kg CO2e) and purchased goods and services (about 308.5 million kg CO2e). MTR has set ambitious climate commitments, aiming for net zero carbon emissions by 2030 for both Scope 1 and Scope 2 emissions. Additionally, the company has pledged to reduce its Scope 3 emissions by 13.5% by 2030, using 2019 as the baseline year. These targets are part of a broader strategy to enhance sustainability and align with the Science Based Targets initiative (SBTi), which classifies their goals as consistent with keeping global warming well below 2°C. The MTR's commitment to reducing energy consumption is also notable, with a target to decrease energy use by 12% by 2023 compared to 2013 levels. This comprehensive approach underscores MTR's dedication to addressing climate change and reducing its carbon footprint in the transportation sector.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 40,949,000 | 00,000,000 | - | - |
| Scope 2 | 976,574,000 | 0,000,000,000 | - | - |
| Scope 3 | 7,290,000 | 0,000,000 | - | - |
How Carbon Intensive is Mass Transit Railway's Industry?
How Carbon Intensive is Mass Transit Railway's Location?
Mass Transit Railway's Scope 3 Categories Breakdown
Mass Transit Railway's Scope 3 emissions, which decreased by 57% last year and decreased by approximately 57% since 2020, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Franchises" being the largest emissions source at 21697% of Scope 3 emissions.
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Mass Transit Railway'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.
Mass Transit Railway has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Mass Transit Railway's sustainability data and climate commitments
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