Shun Tak Holdings Limited Sustainability Profile
Shun Tak Holdings Limited, often referred to as Shun Tak, is a prominent Hong Kong-based conglomerate established in 1961. With its headquarters in Hong Kong, the company operates primarily in the transportation, property development, and hospitality sectors, making significant contributions to the region's infrastructure and economy. Shun Tak is renowned for its ferry services, connecting Hong Kong with Macau and mainland China, alongside its extensive portfolio of real estate developments and hotel management. The company has achieved notable milestones, including the development of iconic properties and a strong market presence in the Greater Bay Area. With a commitment to innovation and quality, Shun Tak Holdings Limited continues to enhance its offerings, solidifying its position as a leader in the transportation and property industries in Asia.
DitchCarbon Score
How does Shun Tak Holdings Limited'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 Construction Work 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
Shun Tak Holdings Limited's score of 26 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shun Tak Holdings Limited's reported carbon emissions
In 2023, Shun Tak Holdings Limited, headquartered in Hong Kong, reported total carbon emissions of approximately 116,668,000 kg CO2e for Scope 1 and 63,456,000 kg CO2e for Scope 2. This marks a significant increase in emissions compared to 2022, where Scope 1 emissions were about 4,942,000 kg CO2e and Scope 2 emissions were approximately 57,595,000 kg CO2e. The company has not disclosed any Scope 3 emissions data. Shun Tak has set ambitious reduction targets, aiming to decrease carbon intensity by 10% for both Scope 1 and Scope 2 emissions by 2030, using 2017 levels as a baseline. Additionally, the company plans to reduce water and waste intensity by 10% by 2030, with waste intensity reductions based on 2020 levels. The emissions data is not cascaded from any parent organization, indicating that Shun Tak Holdings Limited independently reports its carbon footprint and climate commitments. The company is actively working towards enhancing its sustainability practices in line with industry standards.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 5,950,000 | 0,000,000 | 000,000,000 |
| Scope 2 | 71,689,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is Shun Tak Holdings Limited's Industry?
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Shun Tak Holdings Limited'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.
Shun Tak Holdings Limited 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.
