Hang Lung Group Limited
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 42 is higher than 65% 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 total carbon emissions of approximately 35,684,000 kg CO2e for Scope 1 and 2, while Scope 3 emissions reached about 58,814,000 kg CO2e, with significant contributions from purchased goods and services (approximately 51,614,000 kg CO2e) and downstream leased assets (approximately 7,290,000 kg CO2e). For the previous year, 2023, the company disclosed Scope 1 emissions of about 4,034,000 kg CO2e and Scope 2 emissions of approximately 147,807,000 kg CO2e. The total Scope 3 emissions for that year were significantly higher, at around 824,002,000 kg CO2e, indicating a substantial impact from upstream activities. Hang Lung Group has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 46.6% by 2030, using 2019 as the base year. Furthermore, the company has committed to a long-term target of a 99.6% reduction in these emissions by 2050. These targets reflect a strong commitment to sustainability and align with industry standards for climate action. The emissions data and reduction initiatives are sourced directly from Hang Lung Group Limited, with no cascading from a parent or related organization.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 2,381,000 | 0,000,000 | 0,000,000 | - |
| Scope 2 | 134,008,000 | 000,000,000 | 000,000,000 | - |
| Scope 3 | 461,009,000 | 000,000,000 | 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 Group Limited is not participating in any 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.
