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.
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.
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.
Wharf Reic's score of 44 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, Wharf Real Estate Investment Company Limited (Wharf REIC) reported total greenhouse gas emissions of approximately 140,270,000 kg CO2e across all scopes. This includes about 8,888,000 kg CO2e from Scope 1, approximately 92,758,000 kg CO2e from Scope 2 (market-based), and around 140,270,000 kg CO2e from Scope 3 emissions. The company has set ambitious targets to reduce its absolute Scope 1 and 2 emissions by 42% by 2030, using 2022 as the baseline year. Additionally, Wharf REIC aims to cut its Scope 3 emissions from downstream leased assets by 25% within the same timeframe. In terms of historical performance, Wharf REIC's emissions have shown fluctuations over the years. For instance, in 2023, the company reported approximately 7,853,000 kg CO2e for Scope 1 and about 96,080,000 kg CO2e for Scope 2 (market-based). The company is on track to meet its overall target of a 30% reduction in greenhouse gas emissions by 2030, based on a 2014 baseline. Wharf REIC's commitment to sustainability is further underscored by its alignment with the Science Based Targets initiative (SBTi), ensuring that its reduction targets are consistent with the global aim to limit warming to 1.5°C. The company continues to focus on enhancing its environmental performance while addressing the challenges posed by climate change.
Access structured emissions data, company-specific emission factors, and source documents
2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|---|---|---|
Scope 1 | 6,493,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Scope 2 | 114,741,000 | 000,000,000 | 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 |
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.