Hysan Development

Hysan Development, a Hong Kong-based real estate services company, reported approximately 242,012,842 kg CO2e in total Scope 1, 2, and 3 emissions for 2025. This includes about 1,118,000 kg CO2e from Scope 1 emissions, 29,731,000 kg CO2e from Scope 2 emissions, and 205,161,842 kg CO2e from Scope 3 emissions. In the previous year, 2024, the company's total emissions were approximately 195,680,399 kg CO2e, comprising around 1,051,000 kg CO2e in Scope 1, 32,847,000 kg CO2e in Scope 2, and 161,782,399 kg CO2e in Scope 3. For 2023, Hysan Development reported Scope 1 emissions of approximately 1,754,000 kg CO2e and Scope 2 emissions of approximately 34,839,000 kg CO2e.

Hysan Development has set ambitious climate commitments validated by the Science Based Targets initiative (SBTi). The company aims to achieve net-zero greenhouse gas emissions across its entire value chain by 2050. This long-term commitment includes a 99.6% absolute reduction in Scope 1 and Scope 2 GHG emissions by 2050 from a 2021 base year. Additionally, Hysan Development commits to a 99.6% absolute reduction in Scope 3 GHG emissions from purchased goods and services, capital goods, fuel- and energy-related activities, waste generated in operations, use of sold products, and downstream leased assets by 2050 from a 2023 base year.

For near-term targets, Hysan Development commits to reducing absolute Scope 1 and 2 GHG emissions by 46.2% by 2031 from a 2021 base year. The company also commits to reducing absolute Scope 3 GHG emissions from purchased goods and services, capital goods, and downstream leased assets by 46.2% by 2031 from a 2023 base year. These near-term and long-term targets cover greenhouse gas emissions from company operations (Scopes 1 and 2) and are consistent with reductions required to keep global warming to 1.5°C.