New World Development Sustainability Profile
New World Development Company Limited, commonly known as New World Development, is a prominent Hong Kong-based conglomerate established in 1970. With its headquarters in Hong Kong, the company operates extensively across the Asia-Pacific region, focusing on real estate, infrastructure, and services. Renowned for its innovative approach, New World Development has made significant strides in urban development and sustainability, offering a diverse portfolio that includes residential, commercial, and retail properties. The company is recognised for its commitment to quality and design, setting benchmarks in the industry. Over the years, New World Development has achieved notable milestones, solidifying its position as a leader in the market. Its dedication to enhancing community living and environmental stewardship distinguishes it from competitors, making it a key player in the real estate and infrastructure sectors.
DitchCarbon Score
How does New World 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 Retail Trade 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
New World Development's score of 70 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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New World Development's reported carbon emissions
In 2025, New World Development Company Limited reported total carbon emissions of approximately 1.43 billion kg CO2e, comprising 8,897,000 kg CO2e from Scope 1, 142,058,000 kg CO2e from Scope 2, and 1,277,592,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions include significant contributions from capital goods (821,328,000 kg CO2e) and the use of sold products (204,398,000 kg CO2e). The company has set ambitious reduction targets, committing to a 46.2% reduction in absolute Scope 1 and 2 greenhouse gas emissions by FY2030 from a FY2019 baseline. Additionally, it aims to reduce Scope 3 emissions from capital goods by 22% per square metre of construction floor area and from downstream leased assets by 29.8% per square metre within the same timeframe. Long-term, New World Development has pledged to achieve net-zero emissions across all scopes by FY2050, targeting a 99.6% reduction in absolute emissions from all scopes compared to the FY2023 baseline. New World Development's climate commitments align with the Science Based Targets initiative (SBTi) and reflect its dedication to sustainable practices in the real estate sector, with a focus on energy efficiency and emissions reduction in its operations.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 334,666,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 326,998,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 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 New World Development's Industry?
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New World Development's Scope 3 Categories Breakdown
New World Development's Scope 3 emissions, which decreased by 4% last year and increased by approximately 73% since 2023, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Capital Goods" being the largest emissions source at 64% of Scope 3 emissions.
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New World 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.
New World 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.
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Frequently Asked Questions
Common questions about New World Development's sustainability data and climate commitments