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 established a significant presence across major operational regions in mainland China, focusing on residential, commercial, and mixed-use developments. Shimao is renowned for its innovative architectural designs and commitment to quality, offering a diverse portfolio that includes luxury residential complexes and commercial properties. The company has achieved notable milestones, positioning itself as one of the leading property developers in China, with a reputation for excellence and sustainability in its projects. With a strong market presence, Shimao continues to shape urban landscapes, contributing to the evolution of modern living spaces.
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 28 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Shimao's reported carbon emissions
In 2023, Shimao reported total carbon emissions of approximately 4,037,140 kg CO2e, comprising about 80,140 kg CO2e from Scope 1 and about 3,957,000 kg CO2e from Scope 2 emissions. This marked a significant reduction from previous years, particularly from 2022, when total emissions were approximately 13,334,380 kg CO2e, with Scope 1 emissions at about 1,191,810 kg CO2e and Scope 2 emissions at about 12,142,580 kg CO2e. In 2021, Shimao's emissions were considerably lower, with Scope 1 emissions at approximately 145,400 kg CO2e and Scope 2 emissions at about 268,140 kg CO2e. The emissions data indicates a trend of decreasing emissions over the years, particularly in Scope 2, which is primarily associated with purchased electricity. Despite these reductions, Shimao has not publicly disclosed specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The company continues to focus on improving its carbon intensity, with reported figures indicating a carbon emission density of approximately 60.0 kg CO2e per square metre in 2023. Shimao's headquarters is located in Hong Kong, and the company operates within a global context, reflecting the increasing importance of corporate responsibility in addressing climate change.
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Add to project| 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 committed to any reduction initiatives 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.
