Hysan Development Sustainability Profile
Hysan Development Company Limited, commonly known as Hysan, is a prominent property investment and development firm headquartered in Hong Kong (HK). Established in 1978, Hysan has made significant strides in the real estate industry, focusing on commercial, retail, and residential properties primarily in Hong Kong. The company is renowned for its innovative approach to urban development, with a portfolio that includes iconic landmarks such as Lee Gardens and Hysan Place. Hysan's commitment to sustainability and community engagement sets it apart in a competitive market, positioning it as a leader in the industry. With a strong emphasis on quality and design, Hysan continues to achieve notable milestones, reinforcing its status as a key player in Hong Kong's dynamic property landscape.
DitchCarbon Score
How does Hysan 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 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
Hysan Development's score of 53 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hysan Development's reported carbon emissions
In 2024, Hysan Development, headquartered in Hong Kong (HK), reported total carbon emissions of approximately 159,166,500 kg CO2e, with emissions distributed across all three scopes: 1, 2, and 3. Specifically, Scope 1 emissions were about 1,051,000 kg CO2e, primarily from fugitive emissions (approximately 1,018,000 kg CO2e), while Scope 2 emissions totalled around 32,847,000 kg CO2e. The majority of emissions stemmed from Scope 3, which accounted for about 159,166,500 kg CO2e. Hysan Development has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050. Near-term targets include a 46.2% reduction in absolute Scope 1 and 2 emissions by 2031 from a 2021 baseline, and a similar reduction for Scope 3 emissions from a 2023 baseline. Long-term goals are even more aggressive, targeting a 99.6% reduction in both Scope 1 and 2 emissions by 2050, as well as Scope 3 emissions. These targets are aligned with the Science Based Targets initiative (SBTi) and are classified under the 1.5°C pathway, demonstrating Hysan's commitment to addressing climate change effectively. The company's emissions data and targets are sourced directly from Hysan Development Company Limited, with no cascading from a parent organization.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 23,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 41,139,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | 000,000,000 |
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Hysan Development'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.
Hysan Development 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 Hysan Development's sustainability data and climate commitments