Hongkong Land

Hongkong Land, headquartered in HK and operating in real estate services, reported its Scope 1 emissions for 2024 as 2,877,000 kg CO2e, Scope 2 emissions as 122,384,000 kg CO2e, and various Scope 3 emissions including 6,745,427,000 kg CO2e from capital goods and 3,083,437,000 kg CO2e from purchased goods and services.

Hongkong Land has committed to several reduction targets. The company aims for a 46.2% absolute reduction in Scope 1 and 2 GHG emissions by 2030 from a 2019 baseline. This target is consistent with a 1.5°C warming scenario, as validated by the Science Based Targets initiative (SBTi). Additionally, Hongkong Land 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. An additional target set in 2023 aims to reduce electricity intensity by 24.6% by 2030, also from a 2019 baseline. Previous commitments included a 46% reduction in Scope 1 and 2 emissions and a 22% reduction in carbon intensity for Scope 3 emissions by 2030 from 2019 levels across its operations in Asia. Earlier, a target was set to reduce carbon emissions by 55% by 2030 compared to 2008 levels.