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 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 28 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Socam Development's reported carbon emissions
In 2023, Socam Development reported total carbon emissions of approximately 97,009,830 kg CO2e. This figure includes 4,885,230 kg CO2e from Scope 1 emissions, 8,796,640 kg CO2e from Scope 2 emissions, and a significant 83,327,960 kg CO2e from Scope 3 emissions. Comparatively, in 2022, the company’s total emissions were about 85,621,700 kg CO2e, with Scope 1 at 4,612,500 kg CO2e, Scope 2 at 7,480,600 kg CO2e, and Scope 3 at 73,528,700 kg CO2e. This indicates an increase in total emissions year-on-year. In 2021, Socam Development's emissions were approximately 60,169,000 kg CO2e, with Scope 1 emissions at 2,883,000 kg CO2e, Scope 2 at 11,221,000 kg CO2e, and Scope 3 at 46,065,000 kg CO2e. The trend shows a rise in emissions from 2020, where total emissions were about 62,542,000 kg CO2e, comprising 2,195,000 kg CO2e from Scope 1, 16,974,000 kg CO2e from Scope 2, and 43,373,000 kg CO2e from Scope 3. Despite these figures, Socam Development has not publicly committed to specific reduction targets or initiatives, nor have they aligned with the Science Based Targets initiative (SBTi). Their climate commitments remain unspecified, indicating a potential area for future development in sustainability practices.
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Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 2,195,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 16,974,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 43,373,000 | 00,000,000 | 00,000,000 | 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 committed to any 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.
