Hang Lung Sustainability Profile
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 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.
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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.
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| 2015 | 2016 | 2017 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| 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?
How Carbon Intensive is Hang Lung's Location?
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
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.
