Henderson Land Development

Henderson Land Development, a real estate services company headquartered in Hong Kong, has set Science Based Targets initiative (SBTi) validated targets and other commitments to address its carbon emissions.

For 2025, Henderson Land Development's projected Scope 1 emissions are 6,938,000 kg CO2e, Scope 2 emissions are 103,781,000 kg CO2e, and Scope 3 emissions are approximately 2,059,576,000 kg CO2e. This includes Scope 3 emissions from investments (1,093,188,000 kg CO2e), use of sold products (524,603,000 kg CO2e), capital goods (123,780,000 kg CO2e), and downstream leased assets (180,252,000 kg CO2e). The total projected emissions for 2025 are approximately 2,170,295,000 kg CO2e.

In 2024, Henderson Land Development reported Scope 1 emissions of 13,137,000 kg CO2e, Scope 2 emissions of 108,440,000 kg CO2e, and Scope 3 emissions of approximately 2,328,198,000 kg CO2e. This includes Scope 3 emissions from investments (1,255,204,000 kg CO2e), capital goods (540,269,000 kg CO2e), use of sold products (360,676,000 kg CO2e), and downstream leased assets (162,531,000 kg CO2e).

Looking back, in 2023, the company reported Scope 1 emissions of 19,434,000 kg CO2e and Scope 2 emissions of 115,849,000 kg CO2e. For 2022, Scope 1 emissions were 5,137,000 kg CO2e and Scope 2 emissions were 110,482,000 kg CO2e. In 2021, Scope 1 emissions were 7,061,000 kg CO2e and Scope 2 emissions were 123,993,000 kg CO2e. For 2020, Scope 1 emissions were 892,000 kg CO2e and Scope 2 emissions were 83,394,000 kg CO2e. In 2019, no emissions data was disclosed. For 2018, Scope 1 emissions were 850,000 kg CO2e and Scope 2 emissions were 100,479,000 kg CO2e. In 2017, Scope 1 emissions were 852,000 kg CO2e and Scope 2 emissions were 99,285,000 kg CO2e. For 2016, Scope 1 emissions were 837,000 kg CO2e and Scope 2 emissions were 95,801,000 kg CO2e.

Henderson Land Development has set an overall Net-Zero Target to reach net-zero greenhouse gas emissions across its value chain by FY2050. This commitment is supported by specific near-term and long-term Science Based Targets.

Near-term, the company commits to reduce absolute Scope 1 and 2 GHG emissions by 42% by FY2030 from a FY2021 base year. Additionally, they aim to reduce absolute Scope 3 GHG emissions from capital goods, use of sold products, and investments by 25% within the same timeframe.

For the long-term, Henderson Land Development commits to reducing absolute Scope 1 and 2 GHG emissions by 90% by FY2050 from a FY2021 base year. They also aim to reduce absolute Scope 3 GHG emissions from capital goods, fuel- and energy-related activities, use of sold products, downstream leased assets, and investments by 90% within the same timeframe.

Furthermore, a company target set in 2017 aims to reduce energy consumption by 10% by 2025 in the common areas of 14 commercial properties managed by Goodwill, using 2015 as the baseline year. This target applies to both Scope 1 and Scope 2 emissions. All of these climate commitments are cascaded from Henderson Land Development Company Limited.