Socam Development Sustainability Profile
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 specific reduction targets or climate pledges documented for Socam Development, nor are there any initiatives reported under the Science Based Targets initiative (SBTi) or other climate frameworks. The company operates within a context where transparency and accountability in emissions reporting are increasingly critical, yet it appears to lack defined commitments to reduce its carbon emissions. This absence of clear climate commitments may impact its reputation and stakeholder trust in an era where sustainability is paramount.
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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 |
How Carbon Intensive is Socam Development's Industry?
How Carbon Intensive is Socam Development's Location?
Socam Development'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.
Socam Development has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
