Hysan Development
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 35 is higher than 90% 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 2023, Hysan Development, headquartered in Hong Kong, reported total carbon emissions of approximately 36,593,000 kg CO2e for Scope 1 and 34,839,000 kg CO2e for Scope 2, alongside 5,016,000 kg CO2e for Scope 3 emissions. This data reflects a commitment to transparency in their greenhouse gas (GHG) emissions reporting. Hysan Development has set ambitious climate targets, committing to achieve net-zero GHG emissions across its entire value chain by 2050. The company aims to reduce its absolute Scope 1 and 2 emissions by 46.2% by 2031, using 2021 as the baseline year. Furthermore, it plans to cut Scope 3 emissions, which include emissions from purchased goods and services, capital goods, and downstream leased assets, by the same percentage by 2031, with 2023 as the baseline year. For long-term goals, Hysan Development targets a remarkable 99.6% reduction in both Scope 1 and 2 emissions by 2050, as well as a 99.6% reduction in Scope 3 emissions by the same year. These targets align with the Science Based Targets initiative (SBTi) and are designed to support the global effort to limit temperature rise to 1.5°C. Overall, Hysan Development's proactive approach to managing its carbon footprint demonstrates a strong commitment to sustainability and climate action within the real estate sector.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 23,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 41,139,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 0,000,000 |
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.
Hysan 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.
