Hongkong Land

Hongkong Land, headquartered in HK and operating in real estate services, reported its latest carbon emissions data for 2024. The company's Scope 1 emissions were 2,877,000 kg CO2e, and its Scope 2 emissions totalled 122,384,000 kg CO2e. Scope 3 emissions for 2024 included approximately 6,745,427,000 kg CO2e from capital goods, about 3,083,437,000 kg CO2e from purchased goods and services, and 111,450,000 kg CO2e from downstream leased assets. Other Scope 3 categories included 25,449,000 kg CO2e from fuel and energy-related activities, 2,275,000 kg CO2e from business travel, 1,126,000 kg CO2e from employee commuting, and 2,359,000 kg CO2e from waste generated in operations.

Hongkong Land has set ambitious climate commitments. It has a near-term Science Based Target initiative (SBTi) commitment, cascaded from its parent company Hongkong Land Holdings Limited, to reduce absolute Scope 1 and 2 GHG emissions by 46.2% by 2030, using a 2019 base year. Additionally, Hongkong Land Holdings Limited commits to reducing Scope 3 GHG emissions from purchased goods and services and capital goods by 22% per square metre of new built area within the same timeframe. The company has also committed to a 24.6% reduction in electricity intensity by 2030 from a 2019 baseline. Historically, the company aimed for a 55% reduction in carbon emissions by 2030 compared to 2008 levels for Scope 1 and 2.