Towngas China Sustainability Profile
Towngas China, officially known as The Hong Kong and China Gas Company Limited, is a leading player in the energy sector, headquartered in Hong Kong. Established in 1862, the company has evolved significantly, expanding its operations across major regions in China, including Guangdong and Beijing. Specialising in the production and distribution of gas, Towngas China offers a range of services, including natural gas supply, energy solutions, and smart energy technologies. Its commitment to innovation and sustainability sets it apart in the industry. With a strong market position, Towngas China has achieved numerous milestones, including the development of advanced gas infrastructure and a focus on renewable energy initiatives. This dedication to excellence has solidified its reputation as a trusted energy provider in the region.
DitchCarbon Score
How does Towngas China'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 Natural Gas Liquids 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
Towngas China's score of 19 is lower than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Towngas China's reported carbon emissions
In 2023, Towngas China reported total carbon emissions of approximately 10,434,000 kg CO2e from Scope 1 and Scope 2 combined, with Scope 1 emissions at about 71,955,400 kg CO2e and Scope 2 emissions at approximately 32,384,600 kg CO2e. The company also disclosed significant Scope 3 emissions, with the use of sold products contributing about 10,813,022,000 kg CO2e and purchased goods and services adding approximately 1,561,238,000 kg CO2e. Comparatively, in 2022, the total emissions for Scope 1 and Scope 2 were about 83,256,100 kg CO2e, indicating a reduction in emissions in 2023. The data for 2021 shows Scope 1 and Scope 2 emissions at approximately 65,927,000 kg CO2e, while in 2020, total emissions were about 34,578,300 kg CO2e, with Scope 1 at 10,506,200 kg CO2e and Scope 2 at 24,072,100 kg CO2e. Towngas China operates as a current subsidiary of Towngas Smart Energy Company Limited, with emissions data cascaded from its parent company, The Hong Kong and China Gas Company Limited. However, there are currently no specific reduction targets or climate pledges disclosed by Towngas China, indicating a potential area for future commitment in line with industry standards.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 10,996,900 | 00,000,000 | - | - | 00,000,000 |
| Scope 2 | 23,754,100 | 00,000,000 | - | - | 00,000,000 |
| Scope 3 | - | - | - | - | 00,000,000,000 |
How Carbon Intensive is Towngas China's Industry?
How Carbon Intensive is Towngas China's Location?
Towngas China's Scope 3 Categories Breakdown
Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 87% of Scope 3 emissions.
Top Scope 3 Categories
Towngas China'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.
Towngas China 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.
