Hang Lung

Hang Lung's reported carbon emissions

As of 2024, Hang Lung Properties Limited, headquartered in Hong Kong, reported total greenhouse gas emissions of approximately 435,045,000 kg CO2e. This figure includes emissions from all three scopes: Scope 1 emissions totalled 4,292,000 kg CO2e, Scope 2 emissions were approximately 125,067,000 kg CO2e, and Scope 3 emissions accounted for about 435,045,000 kg CO2e. The company has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 emissions by 46.6% by 2030 from a 2019 base year. Furthermore, Hang Lung has committed to a significant long-term target of achieving a 99.6% reduction in these emissions by 2050. For Scope 3 emissions, the company aims for a 25% reduction by 2030 from a 2020 base year, with a long-term goal of a 99.6% reduction by 2050. In addition to these targets, Hang Lung Properties has pledged to reach net-zero greenhouse gas emissions across its entire value chain by 2050. This commitment is part of a broader strategy to enhance sustainability and reduce the environmental impact of its operations, aligning with industry standards and climate science recommendations. The data and targets are cascaded from Hang Lung Properties Limited, reflecting its corporate family structure.