Hang Lung Group Ltd
Hang Lung Group's GHG Emissions Data Preview
In 2023, Hang Lung Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).
Hang Lung Group has also provided a category-level breakdown for 12 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Hang Lung Group's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Hang Lung Group amounted to 190,031 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Hang Lung Group increased by 1.08%, suggesting that the company faced challenges in reducing its emissions from its core operations.
Hang Lung Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Hang Lung Group's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Hang Lung Group were 4,034 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Hang Lung Group reduced its Scope 1 emissions over time?
Since 2021, Hang Lung Group's Scope 1 emissions have increased by 53.03%, reflecting a rising long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), Hang Lung Group's Scope 1 emissions increased by 2.33%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.
What are Hang Lung Group's Scope 2 emissions?
In 2023, Hang Lung Group reported Scope 2 greenhouse gas (GHG) emissions of 160,331 tCOâ‚‚e using the market-based method, and 185,997 tCOâ‚‚e using the location-based method.
Has Hang Lung Group reduced its Scope 2 emissions over time?
Since 2021, Hang Lung Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Hang Lung Group 's emissions have plateaued with no significant change in its energy consumption footprint.
Compared to the previous year (2022), Hang Lung Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Hang Lung Group 's emissions have plateaued with no significant change in its energy consumption footprint.
What methodology does Hang Lung Group use for Scope 2 reporting?
In 2023, Hang Lung Group reported its Scope 2 emissions using the market-based method and using the location-based method.
Hang Lung Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Hang Lung Group's Value Chain Emissions
In 2023, Hang Lung Group reported 824,002 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of Hang Lung Group includes a breakdown across 12 of the 15 Scope 3 categories defined by the GHG Protocol, up from 10 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain
Hang Lung Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Hang Lung Group's Scope 3 emissions?
In 2023, Hang Lung Group reported total Scope 3 emissions of 824,002 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 79.53% of these emissions originated from upstream activities such as purchased goods and capital goods, while 20.47% came from downstream activities like product use, distribution, and end-of-life treatment.
Has Hang Lung Group reduced its Scope 3 emissions over time?
Since 2021, Hang Lung Group's Scope 3 emissions have increased by 78.74%, reflecting a rising long-term trend in Scope 3 emissions over time.
Compared to the previous year (2022), Hang Lung Group's Scope 3 emissions increased by 85.85%, suggesting that the company faced challenges in reducing emissions across its value chain.
What categories of Scope 3 emissions does Hang Lung Group disclose?
In 2023, Hang Lung Group reported emissions for 12 out of the 15 Scope 3 categories defined by the GHG Protocol.
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of Hang Lung Group's Scope 3 emissions?
In 2023, the largest contributors to Hang Lung Group's Scope 3 emissions were:
- Purchased Goods and Services (Cat. 1): 580,191 tCOâ‚‚e (70.41%)
- Downstream Leased Assets (Cat. 13): 155,101 tCOâ‚‚e (18.82%)
- Fuel- and Energy-Related Services (Cat. 3): 41,410 tCOâ‚‚e (5.03%)
Hang Lung Group's Scope 3 Emissions by Categories
Insights into Hang Lung Group's Total Carbon Footprint
In 2023, Hang Lung Group reported a total carbon footprint of 1,014,033 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 60.61% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.
The largest contributor to Hang Lung Group's total carbon footprint was Scope 3 emissions, accounting for 81.26% of the company's total carbon footprint, followed by Scope 2 emissions at 18.34%.