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 significant carbon emissions, totalling approximately 132,662,000 kg CO2e from Scope 3 investments, 821,328,000 kg CO2e from capital goods, and 204,398,000 kg CO2e from the use of sold products. The company's Scope 1 emissions were about 8,897,000 kg CO2e, while Scope 2 emissions reached approximately 142,058,000 kg CO2e. New World Development has set ambitious climate commitments, aiming for a 46.2% reduction in absolute Scope 1 and 2 greenhouse gas emissions by FY2030 from a FY2019 baseline. Additionally, the company targets a 22% reduction in Scope 3 emissions from capital goods and a 29.8% reduction from downstream leased assets, both per square metre, within the same timeframe. Long-term goals include achieving net-zero emissions across all scopes by FY2050, with a remarkable 99.6% reduction target for Scope 1, 2, and 3 emissions from capital goods, use of sold products, downstream leased assets, and investments, all from a FY2023 baseline. The company is committed to energy intensity reductions of 37% in major existing buildings in Hong Kong and 22% in Mainland China by 2030, against 2012 and 2015 baselines, respectively. These initiatives reflect New World Development's dedication to sustainable practices and alignment with global climate goals.
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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?
How Carbon Intensive is New World Development's Location?
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.
Frequently Asked Questions
Common questions about New World Development's sustainability data and climate commitments