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 2023, Shimao reported significant carbon emissions, with Scope 1 emissions totalling approximately 80,140 kg CO2e and Scope 2 emissions reaching about 3,957,000 kg CO2e, primarily from purchased electricity (approximately 3,794,070 kg CO2e). This data is cascaded from its parent company, Shimao Group Holdings Limited. Shimao has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions to near zero by 2025. Additionally, the company has pledged to achieve carbon neutrality by 2060, encompassing both Scope 1 and Scope 2 emissions. These targets reflect a long-term commitment to sustainability and align with industry standards for climate action. The company’s emissions data indicates a proactive approach to managing its carbon footprint, with a focus on reducing emissions in the near term while planning for long-term sustainability goals.
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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.
