Hysan Development
Hysan Development Company Limited, commonly known as Hysan, is a prominent property investment and development firm headquartered in Hong Kong (HK). Established in 1978, Hysan has made significant strides in the real estate industry, focusing on commercial, retail, and residential properties primarily in Hong Kong. The company is renowned for its innovative approach to urban development, with a portfolio that includes iconic landmarks such as Lee Gardens and Hysan Place. Hysan's commitment to sustainability and community engagement sets it apart in a competitive market, positioning it as a leader in the industry. With a strong emphasis on quality and design, Hysan continues to achieve notable milestones, reinforcing its status as a key player in Hong Kong's dynamic property landscape.
DitchCarbon Score
How does Hysan Development'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
Hysan Development's score of 35 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hysan Development's reported carbon emissions
In 2024, Hysan Development, headquartered in Hong Kong (HK), reported total carbon emissions of approximately 159,166,500 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 99.8% of the total. The company’s Scope 1 emissions were about 1,051,000 kg CO2e, primarily from fugitive emissions, while Scope 2 emissions totalled approximately 32,847,000 kg CO2e. In 2023, Hysan's emissions were slightly lower, with Scope 1 at about 1,754,000 kg CO2e and Scope 2 at approximately 34,839,000 kg CO2e. Hysan Development has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 46.2% by 2031 from a 2021 baseline. Additionally, it aims to achieve a 46.2% reduction in Scope 3 emissions, specifically from purchased goods and services, capital goods, and downstream leased assets, by 2031 from a 2023 baseline. Long-term goals include a remarkable 99.6% reduction in both Scope 1 and 2 emissions by 2050, as well as a similar reduction in Scope 3 emissions. These targets are aligned with the Science Based Targets initiative (SBTi) and are classified under the 1.5°C pathway, demonstrating Hysan's commitment to addressing climate change effectively.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 23,000 | 000,000 | 000,000 |
| Scope 2 | 41,139,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - |
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.
Hysan Development is participating in some 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.
