Miramar Hotel And Investment Sustainability Profile
Miramar Hotel and Investment Company, Limited, commonly referred to as Miramar Group, is a prominent player in the hospitality and property investment industry, headquartered in Hong Kong. Established in 1963, the company has evolved significantly, expanding its operations across major regions in Asia, particularly in Hong Kong and mainland China. Miramar Group is renowned for its diverse portfolio, which includes luxury hotels, serviced apartments, and commercial properties. Its flagship establishments, such as the Miramar Hotel in Tsim Sha Tsui, exemplify the company's commitment to exceptional service and unique guest experiences. With a strong market position, Miramar Group has garnered numerous accolades, solidifying its reputation as a leader in the hospitality sector.
DitchCarbon Score
How does Miramar Hotel And Investment'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 Hospitality 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
Miramar Hotel And Investment's score of 37 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Miramar Hotel And Investment's reported carbon emissions
In 2024, Miramar Hotel and Investment reported total carbon emissions of approximately 20,452,390 kg CO2e, comprising 4,681,536 kg CO2e from Scope 1 and 15,770,854 kg CO2e from Scope 2 emissions. This reflects a decrease from 2023, where total emissions were about 22,813,194 kg CO2e, with Scope 1 emissions at 7,181,069 kg CO2e and Scope 2 emissions at 15,632,126 kg CO2e. Notably, the company also reported Scope 3 emissions of 129,006 kg CO2e related to business travel in 2023. Despite these figures, Miramar Hotel and Investment has not established specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of defined reduction initiatives suggests a need for enhanced climate action strategies within the organisation. The emissions data is sourced directly from Miramar Hotel and Investment Company, Limited, with no cascaded data from a parent or related organisation. The company continues to monitor its emissions and may benefit from setting measurable targets to align with industry standards for climate commitments.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 3,146,180 | 0,000,000 | 0,000,000 |
| Scope 2 | 736,380 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 000,000 | - |
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Miramar Hotel And Investment's Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 1% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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Miramar Hotel And Investment'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.
Miramar Hotel And Investment 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.
