As of 2025, Hang Lung Properties has disclosed 10 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 4 absolute reduction targets and 6 intensity-based 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 3 - Purchased Goods and Services (Cat. 1) | Metric Tonnes of CO2 equivalent (mtCO2e) | -18%a | 2026 |
Absolute-based Target | Scope 3 - Purchased Goods and Services (Cat. 1) | Metric Tonnes of CO2 equivalent (mtCO2e) | -42%a | 2030 |
Absolute-based Target | Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Capital Goods (Cat. 2), Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6), Scope 3 - Employee Commuting (Cat. 7), Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | -90%a | 2050 |
Absolute-based Target | Scope 3 - Purchased Goods and Services (Cat. 1) | Metric Tonnes of CO2 equivalent (mtCO2e) | -90%a | 2050 |
Intensity-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | -40%a | 2025 |
Intensity-based Target* | Scope 3 - Downstream Leased Assets (Cat. 13) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | -15%a | 2025 |
Intensity-based Target* | Scope 3 - Capital Goods (Cat. 2) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | -10%a | 2025 |
Intensity-based Target | Scope 1 - Total, Scope 2 - Total, Scope 3 - Downstream Leased Assets (Cat. 13) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | -28%a | 2026 |
Intensity-based Target | Scope 1 - Total, Scope 2 - Total, Scope 3 - Downstream Leased Assets (Cat. 13) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | -56%a | 2030 |
Intensity-based Target | Scope 1 - Total, Scope 2 - Total, Scope 3 - Downstream Leased Assets (Cat. 13) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | -99%a | 2050 |
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As of 2025, 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
As of 2025, 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 40% by 2025, compared to a baseline of 0.059 Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) in 2018.a
Hang Lung Properties has already surpassed its operational emissions reduction target, with 2025 levels falling below the 2025 value, achieving its climate goal ahead of schedule.a
As of 2025, Hang Lung Properties has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 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 90% by 2050, compared to a baseline of 580,191 Metric Tonnes of CO2 equivalent (mtCO2e) in 2023.a
As of 2025, Hang Lung Properties is ahead of schedule on its value chain emissions reduction target, having achieved 75.36% of the planned reduction.a