Sino Land Announces Holistic Decarbonisation Blueprint
In its most recent effort, the Group has unveiled its Decarbonisation Blueprint to achieve net zero carbon by 2050. Following extensive research with HKUST to devise specific decarbonisation strategies, the holistic blueprint focuses on three key areas, namely development, operations and collaboration, with interim targets including –
- Science-based Target of reducing 53.1% Scopes 1 and 2 GHG emissions per square metre from the 2018 baseline and setting a new target to reduce Scope 3 GHG emissions in line with Science-based Targets Initiative (SBTi) methodology;
- reducing in electricity consumption intensity by 30% from the 2018 baseline;
- conducting climate risk assessments at Sino Land’s wholly-owned new development projects, where applicable, and
- obtaining BEAM Plus Gold or above certification at all of Sino Land’s wholly-owned new development projects, where applicable.
In addition, climate risk assessment has been conducted to evaluate climate resilience of the Group’s 170 properties in Hong Kong, in alignment with recommendations from the Task Force on Climate-related Financial Disclosure, enabling the Group to make progressive strides towards a more climate resilient and sustainable future.