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 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Wharf Reic's reported carbon emissions
In 2023, Wharf Real Estate Investment Company Limited (Wharf REIC) reported total carbon emissions of approximately 103,916,000 kg CO2e from Scope 1 and Scope 2 sources, alongside 904,000 kg CO2e from Scope 3 emissions. This marked a slight increase from 2022, where total emissions were about 101,397,000 kg CO2e for Scope 1 and 2, and 1,183,000 kg CO2e for Scope 3. The breakdown of emissions in 2023 included 7,836,000 kg CO2e from Scope 1 and 19,552,000 kg CO2e from Scope 2. The Scope 3 emissions were primarily driven by purchased goods and services, which accounted for 660,000 kg CO2e. Wharf REIC has committed to near-term reduction targets, although specific numerical targets have not been disclosed. The company is not currently committed to a net-zero target. Their emissions intensity metrics indicate a focus on reducing emissions per employee and per HK$ million in revenue, with figures of approximately 37,820 kg CO2e per employee and 0.00679 kg CO2e per HK$ million in revenue for 2023. Overall, Wharf REIC is actively monitoring and reporting its carbon emissions, demonstrating a commitment to sustainability within the real estate sector in Hong Kong.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 121,271,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 6,493,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 00,000,000 | 000,000 | 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 committed to some 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.
