Vanke Sustainability Profile
Vanke Co., Ltd., commonly known as Vanke, is a leading real estate developer headquartered in Shenzhen, China (CN). Founded in 1984, Vanke has established a strong presence across major operational regions, including Beijing, Shanghai, and Guangzhou. The company primarily operates in the real estate industry, focusing on residential and commercial property development, as well as property management services. Vanke is renowned for its commitment to sustainable development and innovative design, setting it apart in a competitive market. With a diverse portfolio that includes high-quality residential communities and commercial complexes, Vanke has achieved significant milestones, including being listed among the top real estate companies in China. Its dedication to excellence and customer satisfaction has solidified its position as a market leader, making Vanke a prominent name in the global real estate landscape.
DitchCarbon Score
How does Vanke'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
Vanke's score of 24 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vanke's reported carbon emissions
In 2023, Vanke reported total carbon emissions of approximately 1,001,637,384.7 kg CO2e, comprising 7,807,316.6 kg CO2e from Scope 1, 195,925,305.5 kg CO2e from Scope 2, and 797,904,762.5 kg CO2e from Scope 3 emissions. The Scope 3 emissions were significantly driven by investments, which accounted for about 789,931,384.8 kg CO2e. In 2022, Vanke's total emissions were approximately 738,070,540.1 kg CO2e, with Scope 1 emissions at 11,129,891.8 kg CO2e, Scope 2 at 160,060,107.9 kg CO2e, and Scope 3 at 566,880,540.6 kg CO2e. The company has shown a commitment to transparency in its emissions reporting, disclosing data across all three scopes. Despite the detailed emissions reporting, Vanke has not set specific reduction targets or initiatives as part of its climate commitments, nor does it appear to have cascaded data from any parent organization. The absence of reduction targets suggests a need for further development in their climate strategy. Overall, Vanke's emissions data reflects its operational impact, and the company may benefit from establishing clear reduction goals to align with industry standards and enhance its sustainability profile.
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| 2013 | 2014 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | - | 0,000,000 | 0,000,000.0 | 00,000,000.0 | 0,000,000.0 |
| Scope 2 | 15,469,000 | 00,000,000 | 00,000,000 | 000,000,000.0 | 000,000,000.0 | 000,000,000.0 |
| Scope 3 | - | - | - | 000,000,000.0 | 000,000,000.0 | 000,000,000.0 |
How Carbon Intensive is Vanke's Industry?
How Carbon Intensive is Vanke's Location?
Vanke's Scope 3 Categories Breakdown
Vanke's Scope 3 emissions, which increased by 41% last year and increased by approximately 280% since 2021, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Investments" being the largest emissions source at 99% of Scope 3 emissions.
Top Scope 3 Categories
Vanke'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.
Vanke 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.
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