Shang Properties, Inc. Sustainability Profile
Shang Properties, Inc., a prominent player in the Philippine real estate sector, is headquartered in Makati City, PH. Founded in 1993, the company has established itself as a leader in luxury residential and commercial developments, with a strong presence in key urban areas across the country. Specialising in high-end condominiums, office spaces, and mixed-use developments, Shang Properties is renowned for its commitment to quality and innovative design. The company has achieved significant milestones, including the successful launch of several iconic projects that have redefined urban living in the Philippines. With a reputation for excellence, Shang Properties continues to set industry standards, making it a trusted name among discerning investors and homebuyers alike. Its strategic focus on premium developments positions the company as a formidable force in the competitive real estate market.
DitchCarbon Score
How does Shang Properties, Inc.'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 Real Estate 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
Shang Properties, Inc.'s score of 19 is lower than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shang Properties, Inc.'s reported carbon emissions
In 2023, Shang Properties, Inc. reported total carbon emissions of approximately 77,000,000 kg CO2e, comprising about 3,914,000 kg CO2e from Scope 1 and about 74,358,000 kg CO2e from Scope 2 emissions. This marks an increase from 2022, where emissions were about 64,000,000 kg CO2e, with Scope 1 at approximately 2,917,000 kg CO2e and Scope 2 at about 61,215,000 kg CO2e. The company has shown a significant increase in emissions from 2021, which recorded about 51,000,000 kg CO2e in total emissions, with Scope 1 at approximately 1,616,870 kg CO2e and Scope 2 at about 50,393,470 kg CO2e. Shang Properties, Inc. has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets or initiatives as part of their climate commitments. The absence of reduction targets suggests a need for further development in their sustainability strategy. The emissions data is not cascaded from any parent organisation, indicating that these figures are independently reported by Shang Properties, Inc. Overall, while the company has made strides in transparency regarding its emissions, the lack of reduction commitments highlights an area for potential improvement in their climate strategy.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 292,390 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 75,087,630 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - |
How Carbon Intensive is Shang Properties, Inc.'s Industry?
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Shang Properties, Inc.'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.
Shang Properties, Inc. 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.
