Wharf Reic

Wharf REIC, a Hong Kong-headquartered real estate services company, reported Scope 1 emissions of 10,531,000 kg CO2e, market-based Scope 2 emissions of 88,202,000 kg CO2e, and Scope 3 emissions of 139,553,000 kg CO2e for 2025.

The company has set Science Based Targets initiative (SBTi) approved near-term targets. Wharf REIC commits to reducing absolute Scope 1 GHG emissions by 42% by FY2030 from a FY2022 base year. Similarly, it aims to reduce absolute Scope 2 GHG emissions by 42% by FY2030 from a FY2022 base year. Additionally, Wharf REIC commits to reducing absolute Scope 3 GHG emissions from downstream leased assets by 25% within the same timeframe (FY2030 from a FY2022 base year). These targets are consistent with keeping global warming to 1.5°C.

In its own environmental targets, Wharf REIC is also working towards a 30% reduction in overall GHG emissions by 2030, using 2014 as the baseline year.