Hongkong Land, a leading property investment and management group, has made significant strides in reducing its carbon footprint and advancing its sustainability goals. The company has achieved a 33.3% reduction in Scope 1 and 2 carbon emissions against its 2019 baseline, surpassing its target of 25% by 2025.
Enhancing Sustainability Efforts
Hongkong Land has implemented various initiatives to enhance its sustainability efforts, including:
- Enhancing its bespoke embodied carbon tools and updating its emissions factor databases
- Reducing operational disruption and increasing asset value through energy efficiency measures and enhancement upgrades
- Reinvesting in existing assets to accelerate decarbonization pathway
These efforts have not only reduced the company’s carbon footprint but also improved its commercial waste diversion rate to 48%, progressing towards its 2030 target of 50%.
Reinvesting in Existing Assets
Hongkong Land has a long history of reinvesting in existing assets, ensuring each building not only withstands the test of time but also meets the latest global green building certification standards. This approach has enabled the company to maintain its competitive edge in the market while reducing its environmental impact.
Recognition and Awards
Hongkong Land has received recognition and awards for its sustainability efforts, including:
- Global Real Estate Sustainability Benchmark (GRESB)
- Dow Jones Sustainability World Index
- S&P Global Sustainability Yearbook 2025
The company has set a new benchmark in the city by becoming the first developer to achieve “Triple Platinum” status across its entire Hong Kong commercial portfolio.
Collaboration with Tenants and Partners
Hongkong Land has launched the Tenant Sustainability Partnership Programme (TSPP) to cultivate collaboration between the company and its tenants. By the end of the first year, 23% of the company’s total Central lettable office area – over 840,000 sq. ft. – had joined the TSPP.
Circular Economy Initiatives
Hongkong Land has conducted a circularity study before the commencement of Tomorrow’s CENTRAL and set a 75% waste diversion rate target. The company has collaborated with contractors, suppliers and academia to identify reuse, recycle and waste reduction opportunities throughout the project.
“Meeting a number of our 2030 sustainability targets ahead of schedule reflects our commitment to a sustainable future as we think in generations and create lasting value for all our stakeholders. ESG leadership is fundamental to our operations, and these milestones demonstrate our ability to align business excellence with sustainable values.” – Mr. Michael Smith, Chief Executive of Hongkong Land
Comprehensive Sustainability Performance Report
For comprehensive details on Hongkong Land’s sustainability performance, kindly access the full Sustainability Performance Report 2024. Hongkong Land is a major listed property investment, management and development group, founded in 1889. The company is a market leader in the development of experience-led city centres that unlock value for generations by combining innovation, placemaking, exceptional hospitality and sustainability. Its mixed-use real estate footprint spans over 830,000 sq. m., with flagship projects in Hong Kong, Singapore and Shanghai. The Group’s Hong Kong Central portfolio represents some 450,000 sq. m. of prime property, including LANDMARK, the luxury shopping destination undergoing a three-year, US$1 billion expansion and upgrade. The company also owns a 43% interest in a 1.1 million sq. mixed-use project in West Bund, Shanghai, due to complete in 2028. Hongkong Land is a member of the Jardine Matheson Group and has a primary listing in the equity shares (transition) category of the London Stock Exchange, with secondary listings in Bermuda and Singapore. The company has received numerous awards and recognition for its sustainability efforts, including the Global Real Estate Sustainability Benchmark (GRESB), the Dow Jones Sustainability World Index, and the S&P Global Sustainability Yearbook 2025.
