Hang Lung Group Ltd
Hang Lung Group's GHG Emissions Data Preview
In 2024, 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/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  a | 0000000 |
Location-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  a | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 |
a
a
a
a
a
a
a
a
a
a
aVerified Sources Behind Hang Lung Group’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Hang Lung Group’s data sources below and access millions more through our Disclosure Search.
Insights into Hang Lung Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Hang Lung Group amounted to 175,329 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).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Hang Lung Group decreased by 7.74%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
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 2024, the total Scope 1 emissions of Hang Lung Group were 4,292 metric tons of CO₂ equivalent (tCO₂e).a
Has Hang Lung Group reduced its Scope 1 emissions over time?
Since 2021, Hang Lung Group's Scope 1 emissions have increased by 62.82%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Hang Lung Group's Scope 1 emissions increased by 6.4%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are Hang Lung Group's Scope 2 emissions?
In 2024, Hang Lung Group reported Scope 2 greenhouse gas (GHG) emissions of 125,067 tCO₂e using the market-based method and 171,037 tCO₂e using the location-based method.a
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.ab
Compared to the previous year (2023), 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.a
What methodology does Hang Lung Group use for Scope 2 reporting?
In 2024, Hang Lung Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
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 2024, Hang Lung Group reported 444,736 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Hang Lung Group includes a breakdown across 12 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
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 2024, Hang Lung Group reported total Scope 3 emissions of 444,736 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 65.54% of these emissions originated from upstream activities such as purchased goods and capital goods, while 34.46% came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Hang Lung Group reduced its Scope 3 emissions over time?
Since 2021, Hang Lung Group's Scope 3 emissionshave remained relatively stable, indicating that Hang Lung Group's emissions have plateaued with no significant change in its value chain footprint.ab
Compared to the previous year (2023), Hang Lung Group's Scope 3 emissions decreased by 46.03%, highlighting the company's efforts to lower indirect emissions from its value chain.a
What categories of Scope 3 emissions does Hang Lung Group disclose?
In 2024, Hang Lung Group reported emissions for 12 out of the 15 Scope 3 categories defined by the GHG Protocol.a
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 2024, the largest contributors to Hang Lung Group's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 234,340 tCO₂e (52.69%)
- Downstream Leased Assets (Cat. 13): 136,075 tCO₂e (30.6%)
- Fuel- and Energy-Related Services (Cat. 3): 29,675 tCO₂e (6.67%)
Hang Lung Group's Scope 3 Emissions by Categories
Insights into Hang Lung Group’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Hang Lung Group reported Scope 1 greenhouse gas (GHG) emissions of 4,292 tCO₂e and total revenues of USD 1,514 millions. This translates into an emissions intensity of 2.83 tCO₂e per millions USD.a
Hang Lung Group's Scope 1 Emissions Intensity Compared to Peers
How does Hang Lung Group's GHG emissions intensity compare to its peers?
In 2024, Hang Lung Group reported a Scope 1 emissions intensity of 2.83 tCO₂e per millions USD. Compared to the peer group median of 2.94, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Hang Lung Group rank on GHG emissions intensity within its industry?
In 2024, Hang Lung Group ranked 12 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Hang Lung Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Hang Lung Group's Total Carbon Footprint
In 2024, Hang Lung Group reported a total carbon footprint of 620,065 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 38.85% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Hang Lung Group's total carbon footprint was Scope 3 emissions, accounting for 71.72% of the company's total carbon footprint, followed by Scope 2 emissions at 27.58%.a