In 2023, Hang Lung Properties disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
Hang Lung Properties also reported how it meets its energy needs through a mix of purchased and self-generated energy, offering insight into its sourcing strategy and level of energy independence.
Additionally, Hang Lung Properties also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
Finally, Hang Lung Properties also reported the types of energy sources as well as generation technologies, both for purchased and self-produced energy, helping stakeholders evaluate Hang Lung Properties's reliance on fossil fuels versus cleaner alternatives.
Metric (GJ) | 2024 | 2023 | 2022 | 2021 - 2017 |
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Total Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Non-renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Energy Sold | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Electricity Consumed | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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In 2023, Hang Lung Properties consumed a total of 1.34 million Gigajoules of energy across its operations. Of this total, 12.27% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 87.73% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.
In 2023, Hang Lung Properties consumed a total of 1.34 million Gigajoules of energy, of which 12.27% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.
This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that Hang Lung Properties has considerable room to improve its energy sustainability strategy.
Since 2021, Hang Lung Properties's total energy consumption increased by 10.03%, but remained relatively stable in 2023, possibly indicating a plateau in energy growth.
Over the same period, the share of renewable energy in Hang Lung Properties's consumption increased by 6,601.1%, including a 65.97% increase in 2023, showing consistent progress in clean energy adoption.
Overall, Hang Lung Properties’s energy trends reveal a complex picture, with variations in total consumption and renewable sourcing. A closer examination of operational drivers and sourcing strategies is needed to fully assess the company’s environmental impact.
In 2023, Hang Lung Properties disclosed detailed information on both the sources and generation technologies of its consumed and produced energy This disclosure enables a clearer assessment of the Hang Lung Properties's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies.
In 2023, Hang Lung Properties's total energy consumption was primarily sourced from
In 2023, Hang Lung Properties consumed energy from 7 different sources or generation technologies, indicating a moderately diverse energy mix, with some concentration in a primary source.
In 2023, Hang Lung Properties's energy production came primarily from
In 2023, Hang Lung Properties produced energy using 1 different sources or generation technologies. The energy production mix is highly concentrated, with Solar Energy alone making up 100% of total output.
In 2023, Hang Lung Properties reported total energy inflows of 1.11 million Gigajoules, which corresponds to the company's full energy needs, including energy consumed, redistributed, sold, or stored. This energy inflow was composed of 1.11 million Gigajoules purchased from external suppliers and 2,350.8 Gigajoules generated through internal production. This corresponds to a production share of 0.21%, reflecting a 1.47% percentage point decrease from the previous year (2022) and a 0.82% percentage point decrease since 2021.
Hang Lung Properties's production share has remained relatively consistent over time, with no significant fluctuations. This stability may indicate a deliberate sourcing strategy built on predictable supply patterns, or a balanced reliance on both internal and external energy sources.