Wharf Reic Sustainability Profile
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 44 is higher than 63% 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 2024, Wharf Real Estate Investment Company Limited (Wharf REIC) reported total carbon emissions of approximately 140,270,000 kg CO2e across all scopes. This includes 8,888,000 kg CO2e from Scope 1, 92,758,000 kg CO2e from Scope 2 (market-based), and 140,270,000 kg CO2e from Scope 3 emissions. The company has set ambitious targets to reduce its greenhouse gas emissions by 30% by 2030, using 2014 as the baseline year. Wharf REIC has also committed to more stringent targets under the Science Based Targets initiative (SBTi), aiming for a 42% reduction in absolute Scope 1 and 2 emissions by 2030 from a 2022 baseline, and a 25% reduction in Scope 3 emissions from downstream leased assets within the same timeframe. In 2023, the company reported total emissions of about 90,400,000 kg CO2e, with Scope 1 emissions at 7,853,000 kg CO2e and Scope 2 emissions at approximately 96,080,000 kg CO2e (market-based). The emissions data reflects a commitment to transparency and accountability in addressing climate change, aligning with industry standards and best practices. Wharf REIC's initiatives demonstrate a proactive approach to sustainability, with ongoing efforts to monitor and reduce its carbon footprint in the real estate sector.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 6,670,000 | 0,000,000 | 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 | 00,000,000 |
| Scope 3 | - | - | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 000,000 | 000,000,000 |
How Carbon Intensive is Wharf Reic's Industry?
How Carbon Intensive is Wharf Reic's Location?
Wharf Reic's Scope 3 Categories Breakdown
Wharf Reic's Scope 3 emissions, which increased significantly last year and increased significantly since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 58% of total emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 54% of Scope 3 emissions.
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Wharf Reic's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Wharf Reic has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Wharf Reic's sustainability data and climate commitments