Vanke Sustainability Profile
Vanke Co., Ltd., commonly known as Vanke, is a leading real estate developer headquartered in Shenzhen, China (CN). Founded in 1984, Vanke has established a strong presence across major operational regions, including Beijing, Shanghai, and Guangzhou. The company primarily operates in the real estate industry, focusing on residential and commercial property development, as well as property management services. Vanke is renowned for its commitment to sustainable development and innovative design, setting it apart in a competitive market. With a diverse portfolio that includes high-quality residential communities and commercial complexes, Vanke has achieved significant milestones, including being listed among the top real estate companies in China. Its dedication to excellence and customer satisfaction has solidified its position as a market leader, making Vanke a prominent name in the global real estate landscape.
DitchCarbon Score
How does Vanke'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
Vanke's score of 27 is lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vanke's reported carbon emissions
In 2023, Vanke reported total carbon emissions of approximately 7807316.6 kg CO2e for Scope 1, 195925305.5 kg CO2e for Scope 2, and 797904762.5 kg CO2e for Scope 3 emissions. The combined total for Scope 1 and 2 emissions reached about 203732622.2 kg CO2e. Notably, the Scope 3 emissions included significant contributions from investments (approximately 789931384.8 kg CO2e) and business travel (about 6846877.7 kg CO2e). Comparatively, in 2022, Vanke's emissions were higher, with Scope 1 at approximately 11129891.8 kg CO2e, Scope 2 at 160060107.9 kg CO2e, and Scope 3 at 566880540.6 kg CO2e, leading to a total of about 171189999.5 kg CO2e for Scope 1 and 2 combined. This indicates a potential trend towards reducing emissions over the years. Vanke has not disclosed specific reduction targets or initiatives, nor does it appear to have cascaded data from any parent organization. The company is actively engaged in climate-related reporting, as evidenced by its participation in the CDP (formerly Carbon Disclosure Project) and its commitment to transparency in emissions data. However, without defined reduction targets or pledges, the effectiveness of its climate strategy remains unclear.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 2,944,240 | 0,000,000.0 | 00,000,000.0 | 0,000,000.0 |
| Scope 2 | 20,112,210 | 000,000,000.0 | 000,000,000.0 | 000,000,000.0 |
| Scope 3 | - | 000,000,000.0 | 000,000,000.0 | 000,000,000.0 |
How Carbon Intensive is Vanke's Industry?
How Carbon Intensive is Vanke's Location?
Vanke's Scope 3 Categories Breakdown
Vanke's Scope 3 emissions, which increased by 41% last year and increased by approximately 280% since 2021, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Investments" being the largest emissions source at 99% of Scope 3 emissions.
Top Scope 3 Categories
Vanke'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.
Vanke 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.
