Hang Lung Group Limited Sustainability Profile
Hang Lung Group Limited, a prominent player in the real estate and property development sector, is headquartered in Hong Kong. Founded in 1960, the company has established a strong presence in major operational regions, including mainland China and Hong Kong, focusing on high-quality commercial and residential properties. Specialising in property investment, development, and management, Hang Lung Group is renowned for its innovative approach to urban development and commitment to sustainability. The company’s portfolio features iconic shopping malls and luxury residential projects, setting it apart in a competitive market. With a reputation for excellence, Hang Lung Group has achieved significant milestones, including numerous awards for its architectural designs and sustainable practices. As a leader in the industry, the company continues to shape the urban landscape, reflecting its dedication to quality and community engagement.
DitchCarbon Score
How does Hang Lung Group Limited'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 Real Estate Services 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 Group Limited's score of 61 is higher than 76% 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 Group Limited's reported carbon emissions
In 2024, Hang Lung Group Limited reported significant carbon emissions, totalling approximately 1,227,548,000 kg CO2e globally. This includes 4,292,000 kg CO2e from Scope 1, 135,403,000 kg CO2e from Scope 2, and a substantial 444,736,000 kg CO2e from Scope 3 emissions. In Hong Kong, the company recorded emissions of about 551,396,000 kg CO2e, with Scope 1 emissions at 50,000 kg CO2e and Scope 2 emissions at 35,634,000 kg CO2e. The company has set ambitious reduction targets, committing to a 46.6% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030 from a 2019 baseline. Furthermore, Hang Lung aims for a remarkable 99.6% reduction in these emissions by 2050, also based on the 2019 levels. These commitments reflect the company's dedication to addressing climate change and reducing its carbon footprint. Hang Lung Group Limited's emissions data is not cascaded from any parent organization, indicating that the reported figures are independently sourced. The company actively participates in climate initiatives, including CDP reporting, to enhance transparency and accountability in its sustainability efforts.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 3,942,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 172,763,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 443,372,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Hang Lung Group Limited's Industry?
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Hang Lung Group Limited's Scope 3 Categories Breakdown
Hang Lung Group Limited's Scope 3 emissions, which decreased by 46% last year and increased by approximately 0% since 2021, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 77% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 53% of Scope 3 emissions.
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Hang Lung Group Limited'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 Group Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
