Wharf Reic
Wharf Real Estate Investment Company Limited, commonly known as Wharf REIC, is a leading player in the real estate sector, headquartered in Hong Kong. Established in 2016, the company has rapidly positioned itself as a key player in property investment and development, focusing on prime commercial and residential properties across Hong Kong and mainland China. Wharf REIC's portfolio includes iconic developments such as Harbour City and Times Square, which are renowned for their unique blend of retail, office, and leisure spaces. The company is distinguished by its commitment to quality and innovation, ensuring that its properties meet the evolving needs of tenants and consumers alike. With a strong market presence and a reputation for excellence, Wharf REIC continues to achieve significant milestones, solidifying its status as a leader in the real estate industry.
DitchCarbon Score
How does Wharf Reic'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
Wharf Reic's score of 44 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Wharf Reic's reported carbon emissions
In 2024, Wharf Real Estate Investment Company Limited (Wharf REIC), headquartered in Hong Kong, reported total greenhouse gas emissions of approximately 140,270,000 kg CO2e across all scopes. This includes 8,888,000 kg CO2e from Scope 1, 92,758,000 kg CO2e from Scope 2 (market-based), and 140,270,000 kg CO2e from Scope 3 emissions. The company has set ambitious targets to reduce its overall greenhouse gas emissions by 30% by 2030, using 2014 as the baseline year. Wharf REIC has also committed to more specific reductions under the Science Based Targets initiative (SBTi), aiming for a 42% reduction in absolute Scope 1 and 2 emissions by 2030 from a 2022 baseline. Additionally, the company targets a 25% reduction in absolute Scope 3 emissions from downstream leased assets within the same timeframe. These targets align with the necessary reductions to limit global warming to 1.5°C. The company has demonstrated progress in its emissions reduction efforts, with a reported decrease in Scope 1 and 2 emissions intensity per HK$ million in revenue, indicating a commitment to sustainability in its operations. Wharf REIC's comprehensive approach to managing its carbon footprint reflects its dedication to environmental stewardship and climate action.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 6,670,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 121,271,000 | 000,000,000 | 000,000,000 | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 0,000,000 | 0,000,000 | - | 0,000,000 | 000,000 | 000,000,000 |
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.
Wharf Reic is participating in some 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.
