Hang Lung Properties Ltd 2024 AR2
The report highlights Hang Lung Properties Limited's financial and sustainability performance for the fiscal year 2024. Financially, the company's total revenue increased by 9% to HK$11,242 million, driven by property sales, despite a 6% decline in rental revenue. On the sustainability front, the company achieved a significant milestone with 51% reduction in Scope 1 and 2 greenhouse gas emissions intensity compared to the 2018 baseline, and 46% reduction in Scope 3 absolute emissions compared to 2023. Additionally, half of its operating properties in mainland China are now powered by renewable energy, exceeding its 2025 target. The company also pioneered the use of nearly 100% low carbon emissions steel in mainland China for its Plaza 66 Pavilion Extension project in Shanghai.
Company: Hang Lung Properties Ltd
Sector: Real Estate
Country: Hong Kong
Year: 2024
Type: AR2
Pages: 216
Hang Lung Properties Ltd
Annual Report
The report highlights Hang Lung Properties Limited's financial and sustainability performance for the fiscal year 2024. Financially, the company's total revenue increased by 9% to HK$11,242 million, driven by property sales, despite a 6% decline in rental revenue. On the sustainability front, the company achieved a significant milestone with 51% reduction in Scope 1 and 2 greenhouse gas emissions intensity compared to the 2018 baseline, and 46% reduction in Scope 3 absolute emissions compared to 2023. Additionally, half of its operating properties in mainland China are now powered by renewable energy, exceeding its 2025 target. The company also pioneered the use of nearly 100% low carbon emissions steel in mainland China for its Plaza 66 Pavilion Extension project in Shanghai.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board
Net Zero Target
Employees