Hongkong Land Sustainability Profile
Hongkong Land Holdings Limited, commonly known as Hongkong Land, is a leading property investment, management, and development company headquartered in Hong Kong. Established in 1889, the firm has built a strong reputation in the real estate industry, primarily operating across Asia, with significant interests in Hong Kong, Singapore, and mainland China. Specialising in premium commercial and residential properties, Hongkong Land is renowned for its iconic developments, including the prestigious Landmark in Central Hong Kong. The company’s commitment to quality and sustainability sets it apart in a competitive market, ensuring it remains a key player in the region. With a robust portfolio and a focus on long-term value creation, Hongkong Land continues to achieve notable milestones, solidifying its position as a trusted name in the property sector.
DitchCarbon Score
How does Hongkong Land'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
Hongkong Land's score of 36 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hongkong Land's reported carbon emissions
In 2024, Hongkong Land reported total carbon emissions of approximately 125,261,000 kg CO2e, which includes Scope 1 emissions of about 2,877,000 kg CO2e and Scope 2 emissions of approximately 122,384,000 kg CO2e. The company also disclosed significant Scope 3 emissions, with capital goods contributing about 6,745,427,000 kg CO2e, and other categories such as purchased goods and services at approximately 3,083,437,000 kg CO2e. Hongkong Land has set ambitious climate commitments, aiming for a 46.2% reduction in absolute Scope 1 and 2 GHG emissions by 2030, using a 2019 baseline of 187,830 tCO2e. Additionally, the company targets a 22% reduction in carbon intensity for Scope 3 emissions per square metre of new built area within the same timeframe. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect the company's commitment to sustainable operations across Asia. The emissions data is cascaded from Hongkong Land Holdings Limited, the parent company, which maintains a focus on reducing its carbon footprint in the real estate sector. The company’s initiatives are part of a broader strategy to address climate change and enhance sustainability in its operations.
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| 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,765,000 | 0,000,000 | 0,000,000 | - | - | 0,000,000 |
| Scope 2 | 150,365,000 | 000,000,000 | 000,000,000 | - | - | 000,000,000 |
| Scope 3 | - | - | - | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Hongkong Land's Industry?
How Carbon Intensive is Hongkong Land's Location?
Hongkong Land's Scope 3 Categories Breakdown
Hongkong Land's Scope 3 emissions, which increased by 514% last year and increased significantly since 2022, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Capital Goods" being the largest emissions source at 68% of Scope 3 emissions.
Top Scope 3 Categories
Hongkong Land'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.
Hongkong Land has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Hongkong Land's sustainability data and climate commitments