Urban Renewal Authority Sustainability Profile
The Urban Renewal Authority (URA) is a pivotal organisation in Hong Kong, dedicated to revitalising urban areas and enhancing the quality of life for residents. Established in 2001, the URA focuses on urban renewal, heritage conservation, and sustainable development, operating primarily within Hong Kong's urban landscape. With a commitment to transforming underutilised spaces, the URA offers unique services such as redevelopment projects, revitalisation initiatives, and community engagement programmes. Its innovative approach has positioned the authority as a leader in the urban renewal sector, achieving significant milestones in improving urban infrastructure and preserving cultural heritage. Through its strategic initiatives, the URA not only addresses housing needs but also fosters vibrant communities, making it a cornerstone of Hong Kong's urban development efforts.
DitchCarbon Score
How does Urban Renewal Authority'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 Business 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
Urban Renewal Authority's score of 23 is lower than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Urban Renewal Authority's reported carbon emissions
In 2023, the Urban Renewal Authority (URA) reported total carbon emissions of approximately 21,159,240 kg CO2e. This figure includes 57,470 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 3,243,320 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. The majority of their emissions, about 21,797,110 kg CO2e, fall under Scope 3, which encompasses all other indirect emissions that occur in the value chain. Currently, URA has not set specific reduction targets or climate pledges, nor do they inherit any emissions data from a parent organisation. Their commitment to addressing climate change is evident, but further details on specific initiatives or targets are not available. As part of their ongoing efforts, URA continues to monitor and report on their emissions, aligning with industry standards for transparency and accountability in climate action.
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| 2023 | |
|---|---|
| Scope 1 | 57,470 |
| Scope 2 | 3,243,320 |
| Scope 3 | 21,797,110 |
How Carbon Intensive is Urban Renewal Authority's Industry?
How Carbon Intensive is Urban Renewal Authority's Location?
Urban Renewal Authority'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.
Urban Renewal Authority 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.
