Vanke Co., Ltd., commonly known as Vanke, is a leading player in the real estate services industry, headquartered in Shenzhen, China. Founded in 1984, Vanke has established itself as a prominent developer, focusing on residential and commercial properties across major operational regions in China and beyond.
The company is renowned for its innovative approach to urban development, offering a diverse range of services that include property management, real estate investment, and construction. Vanke's commitment to sustainability and quality has earned it a strong market position, making it one of the largest real estate companies in China. With numerous accolades and milestones, Vanke continues to shape the landscape of urban living, setting benchmarks in the industry.
-15 vs industry average
Vanke’s score of 14 is lower than 30% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Real Estate Services has above-average carbon intensity
Industry performance
The Real Estate Services industry has reduced its overall emissions by 17% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Vanke's reported carbon emissions
Vanke, a real estate services company headquartered in China, has reported its carbon emissions for several years. In 2023, the company's total global emissions were approximately 93.1 billion kg CO2e. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.
Detailed emissions for 2023 include:
- Scope 1: Approximately 4.49 million kg CO2e.
- Scope 2: Approximately 195.93 million kg CO2e (total), with market-based emissions around 71.23 million kg CO2e and location-based emissions around 76.93 million kg CO2e.
- Scope 3: Approximately 797.90 million kg CO2e, with a significant portion attributed to investments (approximately 789.93 million kg CO2e) and business travel (approximately 6.85 million kg CO2e).
Looking at previous years, Vanke's total emissions in 2022 were approximately 2.75 billion kg CO2e, comprising Scope 1 (about 3.92 million kg CO2e), Scope 2 (about 160.06 million kg CO2e), and Scope 3 (about 2.45 billion kg CO2e). In 2021, total emissions were approximately 2.94 billion kg CO2e, with Scope 1 at about 2.22 million kg CO2e, Scope 2 at about 224.99 million kg CO2e, and Scope 3 at about 126.21 million kg CO2e. Prior to this, Scope 3 emissions were not reported.
Vanke's climate commitments and reduction initiatives are not detailed in the provided information, and there are no specific reduction targets or SBTi commitments listed. The company has not joined the Climate Pledge. The emissions data is sourced from "China Vanke Co., Ltd." and is not cascaded from a parent organisation.
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Vanke’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Vanke yet.
Scope 3 top emissions categories
5 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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