- Scope 3 emissions (indirect emissions) present significant challenges in the real estate industry, including challenges in the availability, categorization and accuracy of data
- Electricity consumption rebounded in 2023 as commercial activities picked up again after the pandemic
- Tenant electricity consumption (Scope 3) is a challenge due to less operational control over tenant-controlled areas
Hang Lung Group Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Hang Lung Group Limited disclosed greenhouse gas emissions of 824.0K tCO2e in 2023. By scope: Scope 1: 4.0K tCO2e; Scope 2: 186.0K tCO2e; Scope 3: 634.0K tCO2e. 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
824.0K tCO2e in 2023
2023
Renewable Energy
18.9% (Mainland China)
of total energy
Water Usage
2.3M m3
2023
Waste
58.7K tonnes
2023
Energy Use
1.3M GJ
2023
📊 Emissions by Scope (2023)
| 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). | 4.0K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 186.0K tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 634.0K tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 824.0K tCO2e in 2023 |
| 2022 | 615.0K tonnes CO2e in 2022 (Scope 1 2 & 3) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 41% reduction in Scope 1 and 2 greenhouse gases emissions intensity compared to 2018 baseline
- Westlake 66 in Hangzhou is the first commercial development project to use low carbon concrete bricks in mainland China and Hong Kong
- 18.9% of our electricity demand in mainland China powered by renewable electricity
- Over 80% construction floor area (CFA) certified to LEED/BEAM Gold or above
- Diverted nearly 140,000 kg of municipal waste from landfill (Hong Kong Office Rejuvenation Project)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption by implementing water saving measures in at least two Hong Kong properties by 2024
- Have water recycling systems in use in at least six Mainland properties by the end of 2024
📅 Medium-term
- 40% cumulative reduction in GHG intensity (kgCO2e/m2) relative to 2018 by 2025
- 18% cumulative reduction in electricity intensity (kWh/m2) relative to 2018 by 2025
- 25% of our mainland China portfolio electricity demand met by renewable energy by 2025
- Achieve 60% of total debts and available facilities from sustainable finance by end of 2024
🔭 Long-term
- Net-Zero Commitment by 2050
🌱 ESG Focus Areas
Climate ResilienceResource ManagementWellbeingSustainable Transactions