Hongkong Land

Hongkong Land, headquartered in HK and operating in the Real estate services industry, has committed to significant climate action.

In 2024, the company reported total Scope 1, 2, and 3 emissions of approximately 9.94 billion kg CO2e. This includes Scope 1 emissions of 2.88 million kg CO2e and Scope 2 emissions of 122.38 million kg CO2e. Scope 3 emissions for 2024 were approximately 9.81 billion kg CO2e, with significant contributors being capital goods (approximately 6.75 billion kg CO2e), purchased goods and services (approximately 3.08 billion kg CO2e), and downstream leased assets (111.45 million kg CO2e).

Looking back, in 2023, Hongkong Land's Scope 3 emissions were approximately 1.63 billion kg CO2e, with capital goods accounting for about 794.17 million kg CO2e and purchased goods and services at approximately 673.58 million kg CO2e. In 2022, Scope 3 emissions were roughly 807.79 million kg CO2e. For Scope 1 and 2, in 2021, emissions totalled approximately 132.33 million kg CO2e, comprising 1.42 million kg CO2e from Scope 1 and 130.91 million kg CO2e from Scope 2. In 2019, Scope 1 and 2 emissions were approximately 160.40 million kg CO2e (1.84 million kg CO2e Scope 1 and 158.56 million kg CO2e Scope 2).

Hongkong Land has set ambitious near-term Science-Based Targets (SBTs), cascaded from Hongkong Land Holdings Limited, to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 46.2% by 2030 from 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 keep global warming to 1.5°C. The company has also set an additional target to reduce electricity intensity by 24.6% by 2030 from a 2019 baseline.