Octopus Cards Limited Sustainability Profile
Octopus Cards Limited, headquartered in Hong Kong (HK), is a leading player in the electronic payment industry, primarily known for its innovative contactless smart card solutions. Founded in 1994, the company revolutionised public transport payments in Hong Kong, expanding its services to various sectors, including retail and leisure. The flagship product, the Octopus card, allows users to make seamless transactions across multiple platforms, making it a staple for both locals and tourists. With a strong market position, Octopus Cards Limited has achieved significant milestones, including the introduction of mobile payment options and partnerships with numerous merchants, enhancing its service offerings. The company continues to set industry standards, ensuring convenience and efficiency in everyday transactions.
DitchCarbon Score
How does Octopus Cards Limited'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 Computer 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
Octopus Cards Limited's score of 38 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Octopus Cards Limited, headquartered in Hong Kong (HK), currently does not have specific carbon emissions data available for recent years, as indicated by the absence of emissions figures. The company is a current subsidiary of MTR Corporation Limited, which may influence its climate commitments and initiatives. While Octopus Cards Limited does not report its own reduction targets or specific climate pledges, it is important to note that it inherits sustainability initiatives from its parent company, MTR Corporation Limited. This includes potential targets set under the Science Based Targets initiative (SBTi) at the cascade level 2, which may guide its climate strategy. As a subsidiary, Octopus Cards Limited is expected to align with the broader environmental goals of MTR Corporation Limited, which is committed to reducing its carbon footprint and enhancing sustainability practices across its operations. However, without specific data or targets from Octopus Cards Limited itself, the details of its individual climate commitments remain unclear.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2020 | 2021 | 2024 | |
|---|---|---|---|
| Scope 1 | 40,949,000 | 00,000,000 | 000,000,000 |
| Scope 2 | 976,574,000 | 0,000,000,000 | 000,000,000 |
| Scope 3 | 7,290,000 | 0,000,000 | 000,000,000 |
How Carbon Intensive is Octopus Cards Limited's Industry?
How Carbon Intensive is Octopus Cards Limited's Location?
Octopus Cards Limited's Scope 3 Categories Breakdown
Octopus Cards Limited's Scope 3 emissions, which increased significantly last year and increased significantly since 2020, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 39% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 83% of Scope 3 emissions.
Top Scope 3 Categories
Octopus Cards Limited'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.
Octopus Cards Limited 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.
