- Climate vulnerability across investment portfolio
- Supply chain disruptions from changing climate conditions and policy
- Stringent regulations on building energy performance and emissions
New World Development Company Limited
Greenhouse gas emissions & sustainability report data
In its 2023-07 to 2024-06 reporting, New World Development Company Limited disclosed greenhouse gas emissions of 1.5M tCO2e/year. By scope: Scope 1: 9.7K tCO2e/year; Scope 2: 148.6K tCO2e/year; Scope 3: 1.4M tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
1.5M tCO2e/year
2023-07 to 2024-06
📊 Emissions by Scope (2023-07 to 2024-06)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 9.7K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 148.6K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 1.4M tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Obtained WELL Health-Safety Rating for five NWCL regional head offices
- Developed a 1.5°C-aligned Decarbonisation Roadmap
- Created a low carbon investment fund to accelerate energy efficiency upgrades
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce absolute Scope 1 and 2 GHG emissions by 46.2% by FY2030
- Reduce Scope 3 GHG emissions from capital goods by 22.0% by FY2030
- Reduce Scope 3 GHG emissions from downstream leased assets by 29.8% by FY2030
- All new and existing investments and operations assessed for potential climate-related physical and transition risks by FY2026
- All staff trained in data protection and security by FY2025
📅 Medium-term
- Climate adaptation and resilience plans set for all relevant investments and operations by FY2030
- Achieve 100% renewable energy use in our Greater Bay Area investment properties by FY2026
- Achieve 100% renewable energy use in our Greater China rental properties by FY2031
- Establish minimum sustainability standards for all relevant investments and operations by FY2026
- Develop a social value framework to measure and report on impact investment outcomes by FY2026
🔭 Long-term
- Net Zero Scope 1, 2 & 3 emissions from all assets and operations by FY2050
🌱 ESG Focus Areas
Future-Fit PlacesOrganisational ResilienceEnriched Lives