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 71 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Hang Lung's reported carbon emissions
In 2023, Hang Lung Properties Limited reported total greenhouse gas emissions of approximately 38,765,000 kg CO2e for Scope 1 and 2, and about 93,651,000 kg CO2e for Scope 3 emissions in Hong Kong. The company has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 emissions by 46.6% by 2030 from a 2019 baseline, and to achieve a remarkable 99.6% reduction by 2050. For Scope 3 emissions, Hang Lung is targeting a 25% reduction by 2030 from a 2020 baseline, with a long-term goal of 99.6% reduction by 2050. Globally, in 2023, Hang Lung reported approximately 164,365,000 kg CO2e for Scope 1 and 2 emissions, alongside about 810,580,000 kg CO2e for Scope 3 emissions. The company is committed to reaching net-zero greenhouse gas emissions across its value chain by 2050, demonstrating a strong alignment with industry standards for climate action. These targets reflect Hang Lung's dedication to sustainability and its proactive approach to mitigating climate change impacts, positioning the company as a leader in the real estate sector in Hong Kong and beyond.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 552,000,000 | 000,000 | - | - | - |
| Scope 2 | 149,358,000 | 000,000,000 | - | - | - |
| Scope 3 | 336,261,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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 participating in some of the initiatives that 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.
