Lai Sun Development Company Limited Sustainability Profile
Lai Sun Development Company Limited, often referred to as Lai Sun, is a prominent player in the real estate and hospitality sectors, headquartered in Hong Kong. Established in 1975, the company has built a robust portfolio that spans residential, commercial, and leisure properties, primarily within Hong Kong and mainland China. Renowned for its commitment to quality and innovation, Lai Sun offers a diverse range of services, including property development, investment, and management. The company has achieved significant milestones, including the successful launch of several landmark projects that have shaped the urban landscape. With a strong market position, Lai Sun Development continues to be recognised for its excellence in creating sustainable and vibrant communities, making it a key contributor to the region's economic growth.
DitchCarbon Score
How does Lai Sun Development Company Limited'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
Lai Sun Development Company Limited's score of 17 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lai Sun Development Company Limited's reported carbon emissions
In 2022, Lai Sun Development Company Limited reported a total greenhouse gas (GHG) emissions intensity of approximately 390.0 kg CO2e per square metre, a reduction from about 450.0 kg CO2e per square metre in 2021. This indicates a positive trend in their emissions performance, although specific absolute emissions figures for Scope 1, 2, and 3 are not disclosed. As a current subsidiary of Lai Sun Development Company Limited, the emissions data is cascaded from the parent organisation, which does not specify any reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The company has not publicly outlined any specific climate initiatives or reduction targets, indicating a potential area for future development in their sustainability strategy. Overall, while Lai Sun Development Company Limited shows a decrease in emissions intensity, further transparency and commitment to specific reduction targets would enhance their climate action profile.
How Carbon Intensive is Lai Sun Development Company Limited's Industry?
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Lai Sun Development Company Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Lai Sun Development Company Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
