Urban Renewal Authority
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 66% 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 have any initiatives reported under the Science Based Targets initiative (SBTi). The absence of reduction commitments indicates a potential area for future development in their climate strategy. The URA's emissions data is not cascaded from any parent organisation, ensuring that the reported figures are solely reflective of their operations. As they continue to navigate their climate commitments, the URA may consider establishing measurable targets to enhance their sustainability efforts in the context of urban renewal in Hong Kong.
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| 2023 | |
|---|---|
| Scope 1 | 57,470 |
| Scope 2 | 3,243,320 |
| Scope 3 | 21,797,110 |
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.
Urban Renewal Authority is not participating in any of the initiatives that 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.
