2022-01-20
Hang Lung Properties Announces 25 x 25 Sustainability Targets
Following the announcement of Hang Lung Properties’ 2030 Sustainability Goals and Targets in December 2020, the Company has taken another big step forward by establishing 25 targets to be achieved by the end of 2025 (“25 x 25 Sustainability Targets” or “25 x 25”). Both 2025 and 2030 targets together frame the Company’s ambition to become one of the most sustainable real estate companies in the world.
The 25 x 25 Sustainability Targets address the four priorities outlined in Hang Lung’s Sustainability Framework, namely Climate Resilience, Resource Management, Wellbeing and Sustainable Transactions. They define concrete and quantifiable measures Hang Lung will pursue to address significant sustainability challenges and provide employees with a clear agenda over the next four years. Here are some highlights from this ambitious agenda:
- Climate Resilience: Targets related to Scopes 1, 2 and 3 greenhouse gas (GHG) emissions, renewable energy, and climate adaptation
- Resource Management: Targets related to recycling, water use, and landfill diversion
- Wellbeing: Targets related to employee engagement, gender pay ratio, persons with disabilities, health and wellness, safety, and youth.
- Sustainable Transactions: Targets related to suppliers’ ESG performance, marketing events, leases, sustainable finance, and asset acquisitions.
Details of the 25 x 25 Sustainability Targets can be found at www.hanglung.com/en-us/media-center/press-releases/2021/20211220