Hang Lung
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.
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.
Industry Benchmark
Hang Lung's score of 77 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hang Lung's reported carbon emissions
In 2023, Hang Lung Properties Limited reported significant carbon emissions, with Scope 1 emissions totalling 575,000 kg CO2e, Scope 2 emissions at approximately 38,190,000 kg CO2e, and Scope 3 emissions reaching about 93,651,000 kg CO2e. The company has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050. For the near term, Hang Lung has committed to reducing its absolute Scope 1 and 2 emissions by 46.6% by 2030, using 2019 as the baseline year. Additionally, it plans to cut its absolute Scope 3 emissions, which include purchased goods and services as well as downstream leased assets, by 25% by 2030 from a 2020 baseline. Long-term targets include a dramatic reduction of 99.6% in both Scope 1 and 2 emissions by 2050, alongside a similar reduction in Scope 3 emissions. These targets align with the Science Based Targets initiative (SBTi) and reflect Hang Lung's commitment to sustainable practices in the real estate sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 41,450 | 00,000 | 000,000,000 | 000,000 | 00,000 | 000,000 |
| Scope 2 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 586,630 | 000,000 | 000,000,000 | 00,000,000 | 000,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hang Lung is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
