- Global geopolitical and economic issues (war in Ukraine, high inflation, high interest rates, cautious investor sentiment)
- Weakened trade growth and real estate sector downturn in China
- COVID-19 restrictions in China
- Technical recession in Hong Kong due to COVID-19 measures, high interest rates, and perception of the national security law
- Worsening business sentiment and lack of demand in Hong Kong's office and retail leasing market
Lai Sun Development Company Limited
Greenhouse gas emissions & sustainability report data
In its 2022-08 to 2023-07 reporting, Lai Sun Development Company Limited disclosed greenhouse gas emissions of 89.0K tonnes CO2e/year. By scope: Scope 1: 4.3K tonnes CO2e/year; Scope 2: 84.7K tonnes CO2e/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
89.0K tonnes CO2e/year
2022-08 to 2023-07
Water Usage
1.5M m3/year
2022-08 to 2023-07
Waste
35.8K tonnes/year
2022-08 to 2023-07
Energy Use
169.3K MWh/year
2022-08 to 2023-07
📊 Emissions by Scope (2022-08 to 2023-07)
| 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). | 4.3K tonnes CO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 84.7K tonnes CO2e/year |
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 |
|---|---|
| 2022-08 to 2023-07 | 89.0K tonnes CO2e/year |
| 2018-07-31 to 2019-07-31 | 45.3K tonnes CO2 (Property) + 2440 tonnes CO2e (Cinema) + 185.96 tonnes CO2e (Entertainment) |
| 2017-07 to 2018-07 | 49.3K tonnes CO2 |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Shanghai Skyline Tower and Guangzhou Lai Sun International Center obtained LEED v4 Gold Certification
- CCB Tower received various awards for environmental efforts (Excellent Level of Wastewise Certificate, Green Office Award Labelling Scheme Certificate, Indoor Air Quality Certificate)
- Lai Sun Commercial Centre and Cheung Sha Wan Plaza solar panels commenced operation, generating renewable energy
- Various properties achieved ISO and green building certifications
🎯 Climate & Sustainability Targets
🔜 Short-term
- Upgrade lighting and HVAC systems and appliances of all operating sites to energy-saving models by phases
- Increase the number of properties with certified environmental management systems and green building certificates
🌱 ESG Focus Areas
Climate resilience and greenhouse gas emissionsWaste managementGreen buildingWater resourcesEmployee engagementWellbeing, occupational health and safetySupply chain managementCommunity investmentAnti-corruption