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Public Profile
Services Auxiliary to Financial Intermediation
HK
updated 23 days ago

Hang Lung Sustainability Profile

Company website

Hang Lung Group Limited, commonly referred to as Hang Lung, is a prominent property investment and development company headquartered in Hong Kong. Established in 1960, the company has made significant strides in the real estate sector, particularly in mainland China and Hong Kong, where it operates a diverse portfolio of commercial and residential properties. Specialising in high-quality retail and office spaces, Hang Lung is renowned for its innovative approach to urban development, exemplified by landmark projects such as the iconic Plaza 66 in Shanghai. The company has consistently positioned itself as a leader in the industry, achieving notable accolades for its commitment to sustainability and design excellence. With a strong market presence, Hang Lung continues to shape the urban landscape, delivering unique spaces that enhance the quality of life for communities.

DitchCarbon Score

How does Hang Lung'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.

68

Industry Average

Mean score of companies in the Services Auxiliary to Financial Intermediation 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.

29

Industry Benchmark

Hang Lung's score of 68 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.

82%

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Hang Lung's reported carbon emissions

In 2024, Hang Lung Properties Limited reported significant carbon emissions, with Scope 1 emissions amounting to approximately 50,000 kg CO2e in Hong Kong and 4,242,000 kg CO2e globally. The company also disclosed Scope 3 emissions of about 128,158,000 kg CO2e in Hong Kong and 306,887,000 kg CO2e in the global context. Hang Lung has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 46.6% by 2030 from a 2019 baseline. Furthermore, the company has pledged to achieve a remarkable 99.6% reduction in these emissions by 2050. For Scope 3 emissions, Hang Lung targets a 25% reduction by 2030 and a 99.6% reduction by 2050, using 2020 as the baseline year. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect Hang Lung's commitment to reaching net-zero greenhouse gas emissions across its value chain by 2050. The data reported is cascaded from Hang Lung Properties Limited, the parent company, ensuring consistency in their sustainability reporting.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2015201620172020202120222023
Scope 1
364,280
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 2
105,720,130
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
Scope 3
-
000,000
000,000
000,000,000
000,000,000
000,000,000
000,000,000

How Carbon Intensive is Hang Lung's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Hang Lung's primary industry is Services auxiliary to financial intermediation (67), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Hang Lung's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Hang Lung is in HK, which we do not have grid emissions data for.

Hang Lung's Scope 3 Categories Breakdown

Hang Lung's Scope 3 emissions, which increased by 83% last year and increased significantly since 2016, 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 "Purchased Goods and Services" being the largest emissions source at 72% of Scope 3 emissions.

Top Scope 3 Categories

2023
Purchased Goods and Services
72%
Downstream Leased Assets
19%
Fuel and Energy Related Activities
5%
Waste Generated in Operations
2%
Upstream Transportation & Distribution
1%
Capital Goods
<1%
Business Travel
<1%
Employee Commuting
<1%
Upstream Leased Assets
<1%
Investments
<1%

Hang Lung'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.

Hang Lung has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Hang Lung's Emissions with Industry Peers

Vornado Realty Trust

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•
Real estate services (70)
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China Resources Land

CN
•
Research and development services (73)
Updated 9 days ago

Daiwa House Industry Co

JP
•
Other business services (74)
Updated 1 day ago

Ck Asset Holdings

HK
•
Real estate services (70)
Updated 9 days ago

Frasers Property Limited

SG
•
Real estate services (70)
Updated 7 days ago

Link Real Estate Investment Trust

HK
•
Real estate services (70)
Updated 9 days ago

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