SOCAM Development Ltd 2023 AR2
The report highlights SOCAM Development Limited's performance and sustainability progress for the fiscal year 2023. Despite facing macroeconomic challenges and a net loss of HK$155 million, the company achieved a 32.2% increase in turnover to HK$8.3 billion, driven by its construction business in Hong Kong. Under its 'Better Tomorrow 2030' blueprint, SOCAM advanced its smart construction capabilities, successfully completing two major Modular Integrated Construction (MiC) projects. The company also reduced its greenhouse gas emissions intensity by 3.4% compared to 2022 and achieved a 30% reduction in waste generation against its 2020 baseline. Additionally, SOCAM prioritized workplace safety, lowering its accident rate to 3.3 cases per 1,000 workers.
Company: SOCAM Development Ltd
Sector: Construction
Country: Hong Kong
Year: 2023
Type: AR2
Pages: 227
Back to company
SOCAM Development Ltd
Annual Report
The report highlights SOCAM Development Limited's performance and sustainability progress for the fiscal year 2023. Despite facing macroeconomic challenges and a net loss of HK$155 million, the company achieved a 32.2% increase in turnover to HK$8.3 billion, driven by its construction business in Hong Kong. Under its 'Better Tomorrow 2030' blueprint, SOCAM advanced its smart construction capabilities, successfully completing two major Modular Integrated Construction (MiC) projects. The company also reduced its greenhouse gas emissions intensity by 3.4% compared to 2022 and achieved a 30% reduction in waste generation against its 2020 baseline. Additionally, SOCAM prioritized workplace safety, lowering its accident rate to 3.3 cases per 1,000 workers.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Total Waste
Women on Board
Workplace Fatalities
Employees