Sino Ocean Sustainability Profile
Sino Ocean Group, often referred to as Sino Ocean, is a prominent player in the real estate and property development industry, headquartered in Hong Kong. Established in 1993, the company has made significant strides in the Chinese market, focusing on residential, commercial, and mixed-use developments across major cities, including Beijing and Shanghai. Renowned for its commitment to quality and innovation, Sino Ocean offers a diverse portfolio of properties that cater to various market segments. The company is distinguished by its sustainable development practices and emphasis on creating vibrant communities. With a strong market position, Sino Ocean has received numerous accolades for its projects, solidifying its reputation as a leader in the industry.
DitchCarbon Score
How does Sino Ocean'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
Sino Ocean's score of 40 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sino Ocean's reported carbon emissions
In 2024, Sino Ocean, headquartered in Hong Kong, reported significant carbon emissions across various scopes. The total emissions for the year were approximately 43,000,000 kg CO2e, comprising 12,253,800 kg CO2e from Scope 1, 70,846,770 kg CO2e from Scope 2, and 2,404,820 kg CO2e from Scope 3. This data reflects a commitment to transparency in their environmental impact. For the previous year, 2023, Sino Ocean's emissions were higher, totalling about 85,505,400 kg CO2e, with Scope 1 emissions at 17,144,320 kg CO2e, Scope 2 at 133,631,820 kg CO2e, and Scope 3 at 5,539,350 kg CO2e. This indicates a need for ongoing efforts to reduce their carbon footprint. Sino Ocean has set ambitious climate commitments, aiming for net zero emissions by 2050. They plan to reduce carbon emission intensity by 19% by 2025, using 2020 as the baseline year. This target applies to their residential and property development operations, specifically addressing emissions in Scope 1 and Scope 2. The company’s emissions data is sourced from Sino-Ocean Group Holding Limited, ensuring a comprehensive understanding of their environmental impact. As they work towards their reduction targets, Sino Ocean is positioned to contribute positively to climate action within the real estate sector.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 13,524,110 | 00,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | 79,007,750 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | 23,835,980 | 00,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Sino Ocean's Industry?
How Carbon Intensive is Sino Ocean's Location?
Sino Ocean'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.
Sino Ocean 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.
