Howard Hughes

Howard Hughes Holdings, a real estate services company based in the US, has set ambitious climate commitments. The company has committed to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 46.2% by 2030, using 2019 as a baseline year. This target is in line with keeping global warming to 1.5°C.

Furthermore, Howard Hughes Holdings aims to reduce absolute Scope 3 GHG emissions from capital goods by 27.5% by 2030, also from a 2019 baseline. For Scope 3 emissions related to the use of sold products, the company has committed to a 55% reduction per square foot of sold building by 2030. These targets are aligned with the Science Based Targets initiative (SBTi) and are considered on track by SBTi for the next two and five years for Scope 2 emissions.

In terms of reported emissions data, for 2024, Howard Hughes Holdings reported Scope 1 and 2 emissions totalling approximately 64,348,000 kg CO2e. The previous year, 2023, saw Scope 1 and 2 emissions of approximately 41,782,000 kg CO2e, and in 2022, these emissions were approximately 54,924,000 kg CO2e.

For 2021, the company reported Scope 1 emissions of approximately 4,114,000 kg CO2e, Scope 2 emissions of approximately 51,356,000 kg CO2e, and Scope 3 emissions of approximately 357,213,000 kg CO2e. In 2020, Scope 1 emissions were approximately 2,650,000 kg CO2e, and Scope 2 emissions were approximately 56,374,000 kg CO2e. Prior to 2021, Scope 3 emissions data was not fully disclosed.

Howard Hughes Holdings also has a separate initiative targeting a 20% reduction in carbon emissions intensity by 2027, with a 2017 baseline. Additionally, they aim for a 20% reduction in energy use intensity by 2027, also from a 2017 baseline.