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 22 is lower than 51% 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 2022, Shimao reported total carbon emissions of approximately 13,334,380 kg CO2e, which includes 1,191,810 kg CO2e from Scope 1 and 12,142,580 kg CO2e from Scope 2 emissions. The company has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions to near zero by 2025. Additionally, Shimao has pledged to achieve carbon neutrality by 2060, encompassing both Scope 1 and Scope 2 emissions. The emissions data is cascaded from its parent company, Shimao Group Holdings Limited, which provides a broader context for Shimao's sustainability initiatives. The company is currently on track to meet its near-term reduction targets, reflecting a commitment to addressing climate change effectively. Shimao's carbon emission density was reported at about 60 kg CO2e per square metre in 2022, indicating a focus on improving operational efficiency and reducing environmental impact. The company continues to engage in various sustainability efforts as part of its long-term strategy to mitigate climate risks and enhance resilience.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 1,115,670,000 | 000,000 | 0,000,000 |
| Scope 2 | 37,317,412,000 | 000,000 | 00,000,000 |
| 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.
