Hongkong Land

Hongkong Land, headquartered in HK and operating in real estate services, reported total carbon emissions of approximately 10.4 billion kg CO2e in 2024. This includes Scope 1 emissions of 2,877,000 kg CO2e, Scope 2 emissions of 122,384,000 kg CO2e, and Scope 3 emissions of 10,217,998,000 kg CO2e. The Scope 3 emissions include significant contributions from capital goods (6,745,427,000 kg CO2e) and purchased goods and services (3,083,437,000 kg CO2e).

Looking back, in 2023, Hongkong Land's Scope 3 emissions were approximately 1.5 billion kg CO2e, with 794,169,000 kg CO2e from capital goods and 673,581,000 kg CO2e from purchased goods and services. In 2022, Scope 3 emissions were about 807 million kg CO2e, including 221,447,000 kg CO2e from capital goods and 413,834,000 kg CO2e from purchased goods and services.

In 2021, the company's Scope 1 emissions were 1,419,000 kg CO2e and Scope 2 emissions were 130,911,000 kg CO2e. In 2019, Scope 1 emissions were 1,838,000 kg CO2e and Scope 2 emissions were 158,562,000 kg CO2e.

Hongkong Land has set near-term Science Based Targets initiative (SBTi) commitments, cascaded from its parent company Hongkong Land Holdings Limited. These include a commitment to reduce absolute Scope 1 and 2 GHG emissions by 46.2% by 2030, using a 2019 baseline. Additionally, the company aims to reduce Scope 3 GHG emissions from purchased goods and services and capital goods by 22% per square metre of new built area within the same timeframe. These targets are consistent with reductions required to limit global warming to 1.5°C. Earlier commitments included a 46% reduction in Scope 1 and 2 emissions and a 22% reduction in carbon intensity for Scope 3 emissions by 2030 from 2019 levels across its operations in Asia. There was also a previously adopted target to reduce carbon emissions by 55% by 2030 compared to 2008 levels.