Hines
Hines, officially known as Hines Interests Limited Partnership, is a prominent global real estate investment, development, and management firm headquartered in the United States. Established in 1957, Hines has expanded its operations across major regions, including North America, Europe, and Asia, solidifying its presence in the competitive real estate industry. Specialising in a diverse portfolio that encompasses office, residential, retail, and mixed-use properties, Hines is recognised for its commitment to sustainability and innovative design. The firm has achieved notable milestones, including the development of iconic buildings and a strong reputation for delivering high-quality projects. With a focus on creating value through strategic investments and a client-centric approach, Hines continues to maintain a leading position in the global real estate market.
DitchCarbon Score
How does Hines'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
Hines's score of 32 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hines's reported carbon emissions
In 2022, Hines reported total carbon emissions of approximately 2,095,338,000 kg CO2e. This figure includes 12,620,000 kg CO2e from Scope 1 emissions, 44,710,000 kg CO2e from Scope 2 emissions (market-based), and a significant 3,947,528,000 kg CO2e from Scope 3 emissions. In comparison, their 2021 emissions totalled about 2,673,297,000 kg CO2e, with Scope 1 emissions at 16,405,000 kg CO2e, Scope 2 emissions (market-based) at 53,198,000 kg CO2e, and Scope 3 emissions reaching 4,986,035,000 kg CO2e. Hines has set ambitious climate commitments, aiming for a 42% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, using 2021 as the baseline year. Additionally, they plan to reduce absolute Scope 3 emissions from the use of sold products and downstream leased assets by the same percentage within the same timeframe. Furthermore, Hines is working towards achieving net-zero carbon emissions by 2040, collaborating with global experts to establish credible targets and a decarbonisation pathway.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 16,405,000 | 00,000,000 |
| Scope 2 | 53,198,000 | 00,000,000 |
| Scope 3 | 4,986,035,000 | 0,000,000,000 |
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.
Hines 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.
