Shimao Sustainability Profile
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 59% 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 4,037,140 kg CO2e, comprising 80,140 kg CO2e from Scope 1 emissions and 3,957,000 kg CO2e from Scope 2 emissions. This data is cascaded from Shimao Group Holdings Limited, reflecting the company's commitment to transparency in its environmental impact. Shimao has set ambitious climate targets, aiming to reduce its Scope 1 and Scope 2 emissions to near zero by 2025. Additionally, the company has committed to achieving carbon neutrality by 2060, demonstrating a long-term vision for sustainability. These targets are part of a broader strategy to align with global climate initiatives and reflect a proactive approach to mitigating climate change. The emissions data for previous years indicates a significant increase in emissions, with 13,334,380 kg CO2e reported in 2022 and 37,317,412,000 kg CO2e in 2020, highlighting the need for effective reduction strategies. Shimao's ongoing efforts to address its carbon footprint are crucial in the context of the construction and real estate industry, which is under increasing pressure to adopt sustainable practices.
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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 | - | - | - |
How Carbon Intensive is Shimao's Industry?
How Carbon Intensive is Shimao's Location?
Shimao'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.
Shimao 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.
