Vanke
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 30 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Vanke's reported carbon emissions
In 2023, Vanke reported total carbon emissions of approximately 797,904,763 kg CO2e, with emissions distributed across various scopes: 7,807,317 kg CO2e (Scope 1), 195,925,306 kg CO2e (Scope 2), and 797,904,763 kg CO2e (Scope 3). The Scope 3 emissions were significantly driven by investments, accounting for about 789,931,385 kg CO2e. In 2022, Vanke's total emissions were approximately 564,255,353 kg CO2e, with Scope 1 emissions at 11,129,892 kg CO2e, Scope 2 at 160,060,108 kg CO2e, and Scope 3 emissions reaching 566,880,541 kg CO2e. This indicates a substantial reliance on Scope 3 emissions, particularly from investments. For 2021, Vanke's emissions totalled around 234,458,767 kg CO2e, with Scope 1 emissions at 9,472,401 kg CO2e and Scope 2 at 224,986,367 kg CO2e. Notably, Scope 3 emissions were reported at approximately 209,819,381 kg CO2e, highlighting the company's extensive indirect emissions. In 2020, Vanke's emissions were approximately 23,056,460 kg CO2e, with Scope 1 at 2,944,240 kg CO2e and Scope 2 at 20,112,210 kg CO2e. Despite these figures, Vanke has not disclosed specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further clarity on their long-term climate strategy.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 2,944,240 | 0,000,000.0 | 00,000,000.0 | 0,000,000.0 |
| Scope 2 | 20,112,210 | 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 |
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.
Vanke is not committed to any reduction initiatives 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.
