GlobalData offers a comprehensive analysis of Hong Kong and China Gas, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Hong Kong and China Gas’s ESG performance. GlobalData’s company profile on Hong Kong and China Gas offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Hong Kong and China Gas (Towngas), is committed to reduce its GHG emissions as part of its commitment to sustainable development. For the medium term, with a horizon of 2025, the company has established two targets: a 10% reduction in operational greenhouse gas (GHG) emissions across the group, equivalent to a decrease of 140,000 tonnes of CO2e compared to the 2020 baseline, and the reduction of 10 million tonnes of GHG emissions in the environment annually. The company's carbon emissions trend shows an increase in total greenhouse gas (GHG) emissions from 1,262,000 tonnes CO2e in 2018 to 2,503,000 tonnes CO2e in 2022. Scope 1 emissions increased from 807,000 tonnes CO2e in 2018 to 1,830,000 tonnes CO2e in 2022, while scope 2 emissions increased from 455,000 tonnes CO2e in 2018 to 673,000 tonnes CO2e in 2022.
Towngas has taken steps to reduce emissions. The company has invested in renewable energy projects, such as photovoltaic systems for solar energy generation. It has also implemented the S-Carbon platform for supply chain management, which helps monitor and manage scope 3 emissions. Towngas has engaged with suppliers to monitor and manage their GHG emissions and has provided workshops and coaching sessions to share ESG best practices. The company has also focused on waste management, recycling non-hazardous waste, and partnering with recyclers.
In conclusion, Towngas is actively working towards reducing its carbon emissions. The company has implemented various measures, including investing in renewable energy, managing supply chain emissions, and improving waste management. The company's commitment to sustainability showcases its dedication to addressing environmental challenges.
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