Hang Lung Group Ltd 2023 Annual Report with Sustainability Disclosures
Company: Hang Lung Group Ltd
Sector: Real estate
Country: Hong Kong
Year: 2023
Type: Annual Report with Sustainability Disclosures
Pages: 216
The report presents 2023 group revenue of HK$10,881 million and continued investment in property leasing and development. Its sustainability section identifies Climate Resilience, Resource Management, Wellbeing, and Sustainable Transactions as four priorities, with a stated net-zero value-chain GHG target for 2050. Highlights include a 41% reduction in Scope 1 and 2 emissions intensity against the 2018 baseline, validation of Hang Lung Properties' near- and long-term SBTi net-zero targets, and 36 ESG awards. The report also notes that 55% of total debts and available facilities comprise ESG-related elements.
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