Hang Lung Properties Ltd
Hang Lung Properties's Climate Target Data Preview
As of 2024, Hang Lung Properties has disclosed 8 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 4 absolute reduction targets and 4 intensity-based target targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Hang Lung Properties ’s climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2030 |
Absolute-based Target | Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Downstream Leased Assets (Cat. 13) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2030 |
Absolute-based Target | Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2050 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data. a | 2050 |
Intensity-based Target* | Scope 3 - Capital Goods (Cat. 2) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | Copy restricted. Please purchase to unlock this data.  a | 2025 |
Intensity-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | Copy restricted. Please purchase to unlock this data.  a | 2025 |
Intensity-based Target* | Scope 3 - Downstream Leased Assets (Cat. 13) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | Copy restricted. Please purchase to unlock this data.  a | 2025 |
Intensity-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | Copy restricted. Please purchase to unlock this data.  a | 2030 |
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Verified Sources Behind Hang Lung Properties’s Climate Targets Data
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Insights into Hang Lung Properties's Greenhouse Gas Emissions Pathways
As of 2024, Hang Lung Properties has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a
Does Hang Lung Properties have a target to reduce the emissions from its operations?
As of 2024, Hang Lung Properties has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a
Hang Lung Properties's most ambitious operational target is to reduce these emissions by 99.6% by 2050, compared to a baseline of 201,495.327 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019. a
As of 2024, Hang Lung Properties is ahead of schedule on its operational emissions reduction target, having achieved 35.94% of the planned reduction. a
Hang Lung Properties's Operational (Scope 1+2) Emissions Pathway
Does Hang Lung Properties have a target to reduce the emissions from its value chain?
As of 2024, Hang Lung Properties has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 2 out of the 15 Scope 3 categories defined by the GHG Protocol. a
Hang Lung Properties's most ambitious value chain target is to reduce these emissions by 25% by 2030, compared to a baseline of 287,143.411 Metric Tonnes of CO2 equivalent (mtCO2e) in 2020. a
Instead of reducing value chain emissions, Hang Lung Properties has increased them, with 2024 levels exceeding those of the 2020 baseline, placing the company well behind its reduction target. a