New World Development
New World Development Company Limited, commonly known as New World Development, is a prominent Hong Kong-based conglomerate established in 1970. With its headquarters in Hong Kong, the company operates extensively across the Asia-Pacific region, focusing on real estate, infrastructure, and services. Renowned for its innovative approach, New World Development has made significant strides in urban development and sustainability, offering a diverse portfolio that includes residential, commercial, and retail properties. The company is recognised for its commitment to quality and design, setting benchmarks in the industry. Over the years, New World Development has achieved notable milestones, solidifying its position as a leader in the market. Its dedication to enhancing community living and environmental stewardship distinguishes it from competitors, making it a key player in the real estate and infrastructure sectors.
DitchCarbon Score
How does New World 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 Retail Trade 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
New World Development's score of 72 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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New World Development's reported carbon emissions
In 2025, New World Development Company Limited reported total carbon emissions of approximately 21,500,000 kg CO2e for Scope 1 and 12,600,000 kg CO2e for Scope 2. The Scope 1 emissions included 10,500,000 kg CO2e from stationary combustion, 1,000,000 kg CO2e from process emissions, and 1,500,000 kg CO2e from fugitive emissions. Notably, the company has set ambitious targets to reduce its greenhouse gas emissions, committing to a 46.2% reduction in absolute Scope 1 and 2 emissions by FY2030 from a FY2019 baseline. For the year 2024, emissions data indicated Scope 1 emissions of approximately 9,701,000 kg CO2e and Scope 2 emissions of about 148,601,000 kg CO2e in Hong Kong. The company also reported significant Scope 3 emissions, including 1,329,681,000 kg CO2e from capital goods and 89,010,000 kg CO2e from downstream leased assets. New World Development has pledged to achieve net-zero emissions across its value chain by FY2050. This includes a commitment to reduce Scope 3 emissions from capital goods by 25% and from downstream leased assets by 51.6% per square metre by FY2030, both from a FY2023 baseline. The company is also targeting a 99.6% reduction in all scopes of emissions by FY2050. These commitments align with the Science Based Targets initiative (SBTi) and reflect the company's dedication to sustainable practices within the real estate sector.
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| 2017 | 2018 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Scope 1 | 334,714,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 379,470,000 | 000,000,000 | 00,000,000 | 0,000,000 | - |
| Scope 3 | - | - | - | 000,000,000 | - |
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.
New World 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.
