Hang Lung
Hang Lung Group Limited, commonly referred to as Hang Lung, is a prominent property investment and development company headquartered in Hong Kong. Established in 1960, the company has made significant strides in the real estate sector, particularly in mainland China and Hong Kong, where it operates a diverse portfolio of commercial and residential properties. Specialising in high-quality retail and office spaces, Hang Lung is renowned for its innovative approach to urban development, exemplified by landmark projects such as the iconic Plaza 66 in Shanghai. The company has consistently positioned itself as a leader in the industry, achieving notable accolades for its commitment to sustainability and design excellence. With a strong market presence, Hang Lung continues to shape the urban landscape, delivering unique spaces that enhance the quality of life for communities.
DitchCarbon Score
How does Hang Lung's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Hang Lung's score of 74 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hang Lung's reported carbon emissions
In 2024, Hang Lung Properties Limited reported significant carbon emissions, with Scope 1 emissions at approximately 4,292,000 kg CO2e, Scope 2 emissions at about 171,037,000 kg CO2e (location-based), and Scope 3 emissions reaching approximately 435,045,000 kg CO2e. The total market-based emissions for Scope 1 and 2 combined were about 129,360,000 kg CO2e. In 2023, the company recorded Scope 1 emissions of about 4,034,000 kg CO2e, Scope 2 emissions at approximately 185,997,000 kg CO2e, and Scope 3 emissions at around 810,580,000 kg CO2e. Hang Lung has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 46.6% by 2030 from a 2019 base year. Furthermore, the company has committed to a long-term target of reducing these emissions by 99.6% by 2050. For Scope 3 emissions, Hang Lung aims for a 99.6% reduction by 2050 from a 2020 base year, with a near-term target of a 25% reduction by 2030. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect the company's commitment to achieving net-zero greenhouse gas emissions across its value chain by 2050. The emissions data and targets are cascaded from Hang Lung Properties Limited, which operates as a current subsidiary within its corporate family.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 3,151,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 158,244,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 340,666,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hang Lung is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
