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 33 is higher than 55% 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 2023, Wharf Real Estate Investment Company Limited (Wharf REIC) reported total carbon emissions of approximately 78,360,000 kg CO2e for Scope 1 and 96,080,000 kg CO2e for Scope 2, resulting in a combined total of about 103,916,000 kg CO2e when using a market-based approach. Additionally, Scope 3 emissions were recorded at approximately 904,000 kg CO2e. This data reflects a commitment to transparency in emissions reporting, with disclosures covering all three scopes. Wharf REIC has set ambitious reduction targets, aiming for a 30% reduction in overall greenhouse gas emissions by 2030, using 2014 as the baseline year. This target is on track as of 2024. Furthermore, the company has committed to reducing absolute Scope 1 and 2 emissions by 42% from a 2022 baseline by 2030, and Scope 3 emissions from downstream leased assets by 25% within the same timeframe. These targets align with the Science Based Targets initiative (SBTi) and are designed to support global efforts to limit warming to 1.5°C. The company’s emissions data and reduction initiatives demonstrate a proactive approach to climate commitments, reflecting its dedication to sustainability and environmental responsibility in the real estate sector.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 6,670,000 | 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 |
| Scope 3 | - | - | 0,000,000 | 0,000,000 | - | 0,000,000 | 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.
