In 2024, Hongkong Land Holdings 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).
Hongkong Land Holdings has also provided a category-level breakdown for 7 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. | Copy/Paste is a PRO feature. | 0000000 |
Total Scope 2 | ||||
Location-Based | Copy/Paste is a PRO feature. | 0000000 | Copy/Paste is a PRO feature. | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature. | Copy/Paste is a PRO feature. | 0000000 | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0000000 | Copy/Paste is a PRO feature. | Copy/Paste is a PRO feature. | 0000000 |
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In 2024, the total operational greenhouse gas (GHG) emissions of Hongkong Land Holdings amounted to 125,261 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 Hongkong Land Holdings decreased by 6.02%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2024, the total Scope 1 emissions of Hongkong Land Holdings were 2,877 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Hongkong Land Holdings's Scope 1 emissions have decreased by 12.31%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Hongkong Land Holdings's Scope 1 emissions increased by 36.54%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Hongkong Land Holdings reported Scope 2 greenhouse gas (GHG) emissions of 122,384 tCO₂e using the location-based method.a
Since 2019, Hongkong Land Holdings's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 33.69%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Hongkong Land Holdings's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Hongkong Land Holdings's emissions have plateaued with no significant change in its energy consumption footprint.ab
In 2024, Hongkong Land Holdings reported its Scope 2 emissions using the location-based method.a
In 2024, Hongkong Land Holdings reported 1,125,544 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 Hongkong Land Holdings includes a breakdown across 7 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
In 2024, Hongkong Land Holdings reported total Scope 3 emissions of 1,125,544 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 90.1% of these emissions originated from upstream activities such as purchased goods and capital goods, while 9.9% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Hongkong Land Holdings's Scope 3 emissions decreased by 30.68%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Hongkong Land Holdings reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Hongkong Land Holdings's Scope 3 emissions were:a
In 2024, Hongkong Land Holdings reported Scope 1 greenhouse gas (GHG) emissions of 2,877 tCO₂e and total revenues of USD 2,002 millions. This translates into an emissions intensity of 1.44 tCO₂e per millions USD.a
In 2024, Hongkong Land Holdings reported a Scope 1 emissions intensity of 1.44 tCO₂e per millions USD. Compared to the peer group median of 1.9, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Hongkong Land Holdings ranked 13 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Hongkong Land Holdings is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Hongkong Land Holdings reported a total carbon footprint of 1,250,805 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 28.81% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Hongkong Land Holdings's total carbon footprint was Scope 3 emissions, accounting for 89.99% of the company's total carbon footprint, followed by Scope 2 emissions at 9.78%.a