The Times Australia
Thursday, April 17, 2025 10:47:01 AM
News From Asia

.
The Times Real Estate

.

Hang Lung Publishes Sustainability Reports 2021

Advancing Our Sustainability Agenda to Achieve Sustainability Leadership

HONG KONG SAR - Media OutReach - 17 May 2022 - Hang Lung Group Limited (SEHK Stock Code: 00010) and Hang Lung Properties Limited (SEHK Stock Code: 00101) (collectively known as "the Companies" or "Hang Lung") today published their online Sustainability Reports 2021, the 10th year that the Companies have published sustainability reports.

The Reports provide highlights of our sustainability initiatives, achievements and progress made during the year along with an overview of plans across our four priorities of Climate Resilience, Resource Management, Wellbeing, and Sustainable Transactions, all in support of our overarching ambition of becoming one of the most sustainable real estate companies in the world.

Hang Lung Group and Hang Lung Properties Sustainability Reports 2021

Notable highlights from the Reports include:
  • The development of 25 sustainability targets to be achieved by the end of 2025 ("25 x 25 Sustainability Targets" or "25 x 25");
  • Disclosing 28 Strategic Environmental, Social, and Governance Key Performance Indicators ("Strategic ESG KPIs") to be achieved in 2022 towards our 25 x 25 Sustainability Targets;
  • Becoming one of the first real estate companies in Asia to commit to setting both near- and long-term targets to reach net-zero value chain greenhouse gas (GHG) emissions in alignment with Science-Based Target initiative's Net Zero Standard;
  • The completion of a 100% renewable energy transaction at Spring City 66, Kunming, now our first development, and the first commercial complex in Yunnan Province, to achieve net-zero carbon emissions in annual electricity consumption for both landlord and tenant operations;
  • The launching of initiatives worth HK$27 million in support of Hong Kong's COVID-19 vaccination drive.

Other highlights under our four priorities in 2021 include:

Climate Resilience
  • For our Scope 1 and 2 emissions: Achieved a cumulative 28.9% GHG emission intensity reduction compared to our 2018 baseline;
  • For our Scope 3 emissions: The first calculation of Scope 3 emissions, and the formulation of reduction initiatives and targets (for embodied carbon and tenants' emissions);
  • Detailed mapping of our approach to addressing climate-related issues in support of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

Resource Management
  • Electricity intensity in 2021 was 10.7% below our 2018 baseline;
  • Reviewed our water consumption practices across our portfolio, and set a 10% water intensity reduction target for 2025;
  • Upcycled or reused about 24 tons of frontline staff uniforms.

Wellbeing
  • Conducted our first comprehensive, third-party employee engagement survey with a 97.4% participation rate;
  • Applied for the WELL Health and Safety Rating for 19 buildings covering all Mainland properties and the Standard Chartered Bank Building in Hong Kong;
  • Over 1,800 volunteers completed 138 volunteering activities and contributed more than 14,500 service hours despite the pandemic.

Sustainable Transactions
  • Hang Lung Group and Hang Lung Properties respectively secured 28% and 30% of debt and available facilities from green bonds, green loan facilities, and sustainability-linked loan facilities;
  • Developed a sustainable procurement strategy for our existing operations, and defined 16 ideas to improve sustainability in our projects under development;
  • Collaborated with tenants on multiple community sustainability initiatives, and introduced amendments to tenant and fitout guides to incorporate more sustainability provisions.

Recognition Earned

In 2021, recognition for Hang Lung's strong commitment to sustainability as an industry leader has included:
  • An upgrade to 4-Star performance rating and retention of A-grade disclosure rating under GRESB;
  • An upgrade to an 'A' rating under the MSCI ESG Ratings;
  • Listing as a constituent of the FTSE4Good Index Series; and
  • An update to 'AA' rating under Hang Seng Corporate Sustainability Index.

For four years, since 2017, Hang Lung has also been listed as an Index Component of the Dow Jones Sustainability Indices in the Asia Pacific Index. We have also received a low ESG risk rating by Sustainalytics since July 2020.

Hang Lung Sustainability Reports 2021 are now available for download at the links below:

Hang Lung Group
https://www.hanglung.com/en-us/group/media-center/publications/sustainability

Hang Lung Properties
https://www.hanglung.com/en-us/media-center/publications/sustainability


About Hang Lung Properties

Hang Lung Properties Limited (SEHK Stock Code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the “66” brand, the company’s Mainland portfolio has established its leading position as the “Pulse of the City.” Hang Lung Properties is recognized for leading the way through enhanced sustainability initiatives in real estate as it pursues sustainable growth by connecting customers and communities.

At Hang Lung Properties – We Do It Well.

For more information, please visit .

#HangLungProperties

The Times Features

How to Treat Hair Loss Without a Hair Transplant

Understanding Hair Loss Hair loss can significantly affect individuals, both physically and emotionally. Identifying the causes and types can help address the issue more effecti...

How to Find a Trustworthy Professional for Your Plumbing Needs

Nowra is an idyllic locality often referred to as the city of the Shoalhaven City Council in the South Coast region of New South Wales, Australia. This picturesque suburb feature...

How to Choose a Mattress for Back/Neck Pain and All Sleepers?

Waking up with a stiff neck or aching back can derail your entire day. If you're one of the millions struggling with chronic pain, a supportive mattress is more than a luxury – i...

What to Look for in a Professional Debt Collection Service

Often in life, overdue payments are accidental or caused by unusual circumstances. This can cause some temporary convenience, but everything carries on as usual. However, when th...

Be inspired by celeb home decor from across the globe

GET THE LOOK: INDULGE IN THE SAME INTERIOR AS YOUR FAVE CELEBS There is a reason that Denmark ranks the highest on the happiness scale worldwide, one word: Hygge. Hygge. Hygge is ...

Maximizing Space in Narrow Lot Homes: Smart Design Solutions

Urban housing markets continue to push homeowners toward smaller, narrower lots as land prices climb and city populations grow. These thin slices of real estate present unique de...

Times Magazine

The Essential Guide to Transforming Office Spaces for Maximum Efficiency

Why Office Fitouts MatterA well-designed office can make all the difference in productivity, employee satisfaction, and client impressions. Businesses of all sizes are investing in updated office spaces to create environments that foster collaborat...

The A/B Testing Revolution: How AI Optimized Landing Pages Without Human Input

A/B testing was always integral to the web-based marketing world. Was there a button that converted better? Marketing could pit one against the other and see which option worked better. This was always through human observation, and over time, as d...

Using Countdown Timers in Email: Do They Really Increase Conversions?

In a world that's always on, where marketers are attempting to entice a subscriber and get them to convert on the same screen with one email, the power of urgency is sometimes the essential element needed. One of the most popular ways to create urg...

Types of Software Consultants

In today's technology-driven world, businesses often seek the expertise of software consultants to navigate complex software needs. There are several types of software consultants, including solution architects, project managers, and user experienc...

CWU Assistive Tech Hub is Changing Lives: Win a Free Rollator Walker This Easter!

🌟 Mobility. Independence. Community. All in One. This Easter, the CWU Assistive Tech Hub is pleased to support the Banyule community by giving away a rollator walker. The giveaway will take place during the Macleod Village Easter Egg Hunt & Ma...

"Eternal Nurture" by Cara Barilla: A Timeless Collection of Wisdom and Healing

Renowned Sydney-born author and educator Cara Barilla has released her latest book, Eternal Nurture, a profound collection of inspirational quotes designed to support mindfulness, emotional healing, and personal growth. With a deep commitment to ...

LayBy Shopping