Socam Development
Socam Development Limited, commonly known as Socam, is a prominent player in the construction and property development industry, headquartered in Hong Kong (HK). Established in 1978, the company has made significant strides in the sector, focusing on residential, commercial, and infrastructure projects across Hong Kong and mainland China. With a commitment to quality and innovation, Socam offers a diverse range of services, including project management, construction, and property investment. Their unique approach combines sustainable practices with cutting-edge technology, setting them apart in a competitive market. Recognised for their excellence, Socam has achieved numerous accolades, solidifying their position as a leader in the industry. Their dedication to delivering high-quality developments has earned them a reputation for reliability and professionalism, making them a trusted name in the construction landscape.
DitchCarbon Score
How does Socam Development'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 Construction Work 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
Socam Development's score of 17 is lower than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Socam Development's reported carbon emissions
In 2021, Socam Development reported total carbon emissions of approximately 60,169,700 kg CO2e, which included 2,883,200 kg CO2e from Scope 1, 11,221,200 kg CO2e from Scope 2, and 46,065,300 kg CO2e from Scope 3 emissions. The company has not disclosed emissions data for 2022 and 2023, indicating a lack of recent reporting on their carbon footprint. Socam Development's emissions data is cascaded from its parent company, Shui On Land Limited, reflecting a corporate family relationship. However, there are currently no specified reduction targets or climate pledges in place, which suggests that the company may not have formalised commitments to reduce its carbon emissions. The reported GHG intensity for 2021 was approximately 0.0208 kg CO2e per USD of revenue, indicating the company's emissions relative to its financial performance. As a current subsidiary of Shui On Land Limited, Socam Development's climate initiatives may align with broader corporate strategies, although specific targets or initiatives have not been disclosed.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | 2,195,000 | 0,000,000 |
| Scope 2 | 16,973,800 | 00,000,000 |
| Scope 3 | 43,372,900 | 00,000,000 |
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.
Socam Development is not participating in any 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.
