New World Development
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 60 is higher than 97% 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 2024, New World Development (NWD), headquartered in Hong Kong, reported significant carbon emissions across various scopes. The company disclosed emissions of approximately 9,701,000 kg CO2e for Scope 1, 148,601,000 kg CO2e for Scope 2, and a substantial 1,329,681,000 kg CO2e for Scope 3. This data highlights the company's extensive carbon footprint, particularly in its supply chain and product usage. NWD has set ambitious climate commitments, aiming to achieve a 42% reduction in absolute Scope 1 and 2 greenhouse gas emissions by FY2030, using FY2023 as a baseline. Additionally, the company targets a 25% reduction in Scope 3 emissions from capital goods and a 51.6% reduction in emissions from downstream leased assets within the same timeframe. Long-term, NWD is committed to reaching net-zero emissions across its entire value chain by FY2050, with a remarkable goal of reducing absolute emissions from all scopes by 99.6% from the FY2023 baseline. The company has also established interim targets, including a 50% reduction in energy and carbon emissions intensity against a FY2015 baseline by 2030. These initiatives reflect NWD's proactive approach to addressing climate change and its alignment with industry standards for sustainability.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 55,300 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 886,800 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | 0,000,000,000 |
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.
New World 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.
