GlobalData offers a comprehensive analysis of Shun Tak, 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 Shun Tak‘s ESG performance. GlobalData’s company profile on Shun Tak 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.
Shun Tak, a Hong Kong-based conglomerate, set the 2030 Environmental Targets for reducing carbon emissions, electricity consumption, water usage and waste generation. The company is progressively incorporating green building features and implementing energy and water efficient technologies and products in some of its latest property developments. For its existing properties, the company shall continue to explore system upgrades and replacements to increase energy and water efficiency. Shun Tak’s latest filings mentioned the keywords ‘Emissions’ and ‘Recycling’ most number of times in relation to ‘Climate Change’.
The company demonstrated its commitment to protecting the environment by replacing single-use plastic items like cutleries with biodegradable alternatives initiated a few years ago, to respond to Macau’s new regulation in banning the import of disposable plastic knives, forks and spoons, which came into force on 1 January 2023. In FY2022, the company’s Scope 1 emissions amounted to 4,942 tCO2e and Scope 2 emissions amounted to 57,595 tCO2e.
Shun Tak introduced four quantifiable environmental targets to combat climate change. They currently serve as a corporate goal for the company to pursue until 2030 as well as to clearly state its commitment towards a sustainable and low-carbon future. As a responsible business, the company took the initiative to reduce greenhouse gas emissions by supporting the adoption of electric vehicles. Three V3 Superchargers and three Destination Chargers were installed in Macau Tower and provided to users free of charge.
In conclusion, Shun Tak has taken steps to reduce its emissions and disclosing its Scope 1 and 2 greenhouse gas emissions with full transparency. The company adheres to the 2030 Environmental Targets for reducing carbon emissions and prioritizing waste reduction at source before considering the subsequent steps to reuse and eventually recycle within its waste reduction and recycling initiatives.