Henderson Land Development

Henderson Land Development: Carbon Emissions and Climate Commitments

Henderson Land Development, a real estate services company based in Hong Kong, is committed to reducing its environmental impact.

Carbon Emissions Data:

The most recent available emissions data for Henderson Land Development is for the reporting year 2025.

• 2025:

  • Total emissions: Approximately 1.66 billion kg CO2e (or 1.66 million metric tons CO2e).
  • Scope 1 emissions: Approximately 6.94 million kg CO2e.
  • Scope 2 emissions: Approximately 103.78 million kg CO2e.
  • Scope 3 emissions: Approximately 1.55 billion kg CO2e, with significant contributions from:
    • Investments: Approximately 1.09 billion kg CO2e.
    • Use of sold products: Approximately 524.60 million kg CO2e.
    • Downstream leased assets: Approximately 180.25 million kg CO2e.
    • Purchased goods and services: Approximately 95.53 million kg CO2e.
    • Fuel and energy-related activities: Approximately 42.60 million kg CO2e.
    • Capital goods: Approximately 123.78 million kg CO2e.

• 2024:

  • Total emissions: Approximately 1.69 billion kg CO2e (or 1.69 million metric tons CO2e).
  • Scope 1 emissions: Approximately 13.14 million kg CO2e.
  • Scope 2 emissions: Approximately 108.44 million kg CO2e.
  • Scope 3 emissions: Approximately 1.57 billion kg CO2e, with substantial contributions from:
    • Investments: Approximately 1.26 billion kg CO2e.
    • Capital goods: Approximately 540.27 million kg CO2e.
    • Purchased goods and services: Approximately 209.77 million kg CO2e.
    • Downstream leased assets: Approximately 162.53 million kg CO2e.

Climate Commitments and Reduction Targets:

Henderson Land Development has set ambitious targets aligned with climate science:

• Net-Zero Commitment: The company commits to achieving net-zero greenhouse gas emissions across its value chain by the financial year 2050.
• Near-Term Targets (by FY2030, base year FY2021):
  • Reduce absolute Scope 1 and 2 GHG emissions by 42%.
  • Reduce absolute Scope 3 GHG emissions from capital goods, use of sold products, and investments by 25%.
• Long-Term Targets (by FY2050, base year FY2021):
  • Reduce absolute Scope 1 and 2 GHG emissions by 90%.
  • 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%.
• Energy Consumption Target: In 2017, the Group set a target 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.

The company's targets are recognised as being consistent with the reductions required to keep warming to 1.5°C. Emissions data is cascaded from Henderson Land Development Company Limited.