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 60% 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 162,000,000 kg CO2e. This figure includes 1,051,000 kg CO2e from Scope 1 emissions, primarily from fugitive emissions, and 32,847,000 kg CO2e from Scope 2 emissions. Notably, Scope 3 emissions accounted for a significant 159,166,500 kg CO2e, highlighting the importance of addressing indirect emissions in their climate strategy. 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, using 2021 as the base year. Additionally, it plans to cut Scope 3 emissions from purchased goods and services, capital goods, and downstream leased assets by the same percentage by 2031, with a base year of 2023. For long-term goals, Hysan Development targets a remarkable 99.6% reduction in both Scope 1 and 2 emissions by 2050, again using 2021 as the reference year. Similarly, it aims for a 99.6% reduction in Scope 3 emissions by 2050, based on the 2023 figures. These targets align with the Science Based Targets initiative (SBTi) and are classified under the 1.5°C pathway, demonstrating Hysan's commitment to climate action and sustainability in the real estate sector.
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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.
