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Collaboration boosts sustainability performance says Hongkong Land

30th May 2024

Hongkong Land credits a collaborative “holistic ecosystem” with tenants and other stakeholders for significant improvements in its sustainability performance.

The Hong Kong-listed highlighted a number of achievements in its 2023 Sustainability Performance Report including achieving ESG certification for 94% of its assets and reducing Scope 1 and Scope 2 emissions by 29% from a 2019 baseline.

It has developed a Tenant Sustainability Partnership Programme which aims engage tenants in sustainable practices and initiatives. For example, in conjunction with retail tenants at its Landmark mixed use asset, Hongkong Land introduced a reward programme for sustainable shopping. 

The company has also committed HK$110 million ($14 million) to its ‘Home Fund’ community programme. The programme invested in 18 projects in 2023 and now partners with more than 100 NGOs. 

Hongkong Land is also taking a full life cycle approach to emissions, including developing bespoke embodied carbon tools. These tools are being integrated into the design, tendering, and construction stages of the company's projects, ensuring that sustainability considerations are embedded in the entire lifecycle of the buildings.

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