OCT Group Sustainability Profile
OCT Group, officially known as OCT Holdings, is a prominent player in the Chinese real estate and tourism industries, headquartered in Shenzhen, CN. Established in 1984, the company has evolved significantly, marking key milestones such as its expansion into various sectors, including urban development, cultural tourism, and environmental management. With a diverse portfolio, OCT Group is renowned for its innovative theme parks, integrated resorts, and urban complexes, which blend leisure and lifestyle experiences. Its commitment to sustainability and community development sets it apart in a competitive market. As a leader in the industry, OCT Group has received numerous accolades, solidifying its position as a trusted name in real estate and tourism, both domestically and internationally.
DitchCarbon Score
How does OCT Group'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 Insurance 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
OCT Group's score of 26 is lower than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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OCT Group's reported carbon emissions
In 2020, OCT Group reported total carbon emissions of approximately 4,115,000 kg CO2e for Scope 1 and about 5,191,000 kg CO2e for Scope 2, totalling around 9,306,000 kg CO2e. This data reflects the company's commitment to transparency in its climate impact, although no Scope 3 emissions data has been disclosed. OCT Group has set a significant reduction target, aiming for a 60% decrease in emissions per container moved by 2020, compared to 2007 levels. This target is indicative of the company's focus on improving operational efficiency and reducing its carbon footprint in the shipping sector. The emissions data is not cascaded from any parent organization, ensuring that the figures are specific to OCT Group's operations. The company continues to explore further initiatives to enhance its sustainability practices and align with industry standards for climate action.
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| 2014 | 2015 | 2016 | 2020 | |
|---|---|---|---|---|
| Scope 1 | 32,406,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000 |
| Scope 2 | 402,000,000 | 000,000,000 | 000,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - |
How Carbon Intensive is OCT Group's Industry?
How Carbon Intensive is OCT Group's Location?
OCT Group'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.
OCT Group 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.
