Shimao
Shimao Group Holdings Limited, commonly referred to as Shimao, is a prominent player in the real estate and property development industry, headquartered in Hong Kong. Founded in 2001, the company has rapidly expanded its operations across major regions in China, establishing a strong presence in tier-one cities and beyond. Specialising in residential, commercial, and mixed-use developments, Shimao is renowned for its innovative architectural designs and commitment to quality. The company has achieved significant milestones, including numerous awards for excellence in property development, which underscore its market position as a leading developer in the competitive landscape. With a diverse portfolio that includes luxury residences and large-scale urban projects, Shimao continues to set benchmarks in the industry, reflecting its dedication to sustainable growth and community enhancement.
DitchCarbon Score
How does Shimao'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
Shimao's score of 25 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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Shimao's reported carbon emissions
In 2023, Shimao reported total carbon emissions of approximately 4,077,140 kg CO2e, comprising 80,140 kg CO2e from Scope 1 and 3,957,000 kg CO2e from Scope 2 emissions. This reflects a commitment to transparency in their emissions reporting, although no specific reduction targets or initiatives have been disclosed. In 2022, the company recorded total emissions of about 13,334,380 kg CO2e, with 1,191,810 kg CO2e from Scope 1 and 12,142,580 kg CO2e from Scope 2. The emissions data indicates a significant reliance on purchased electricity, which is a common trend in the construction and real estate sectors. Shimao's emissions have varied over the years, with a notable increase in Scope 2 emissions in 2022 compared to previous years. However, the absence of defined reduction targets or climate pledges suggests that the company may need to enhance its climate commitments to align with industry standards and expectations for sustainability. Overall, while Shimao has made strides in emissions reporting, the lack of specific reduction initiatives highlights an area for potential improvement in their climate strategy.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,115,670,000 | 000,000 | 0,000,000 | 00,000 |
| Scope 2 | 37,317,412,000 | 000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Shimao is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
