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 30 is higher than 84% 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), headquartered in Hong Kong, reported total carbon emissions of approximately 103,916,000 kg CO2e from Scope 1 and 2 sources, alongside 904,000 kg CO2e from Scope 3 emissions. This reflects a commitment to transparency in their emissions reporting, which includes significant contributions from purchased goods and services. Over the years, Wharf REIC has demonstrated a proactive approach to managing its carbon footprint. In 2022, the company recorded total emissions of about 101,397,000 kg CO2e (market-based) from Scope 1 and 2, indicating a slight increase in emissions compared to 2023. The company has disclosed emissions data across all three scopes, showcasing its comprehensive understanding of its environmental impact. Wharf REIC has set near-term climate targets, although it has not yet committed to a net-zero goal. The company is actively engaged in initiatives to reduce its carbon emissions, reflecting its commitment to sustainability within the real estate sector. As of December 2024, Wharf REIC is classified as "Committed" to near-term targets, indicating ongoing efforts to enhance its climate strategy. Overall, Wharf REIC's emissions data and climate commitments illustrate a responsible approach to environmental stewardship, aligning with industry standards and expectations for corporate sustainability.
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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 | 0,000,000 | 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.
