That’s five years ahead of our city’s 2050 carbon neutrality target to achieve the Net-Zero Standard by the Science Based Targets initiative (SBTi). That’s because the sooner, the better when it comes to driving impactful decarbonisation adoptions to lead Hong Kong’s Innovation & Technology ecosystem and build a paradigm for Green & Climate Tech innovation.
We are responding to the SBTi’s urgent call for corporate climate action with a commitment to align with 1.5°C and net-zero through the Business Ambition for 1.5°C campaign. Here are our near- and long-term targets in line with the net-zero framework.
42% - absolute scope 1 and 2 greenhouse gas (GHG) emissions
25% - scope 3 absolute GHG emissions from downstream leased assets (carbon emissions from our tenants) and waste
52% - scope 3 GHG emissions (per square metre) from capital goods (embodied carbon emissions of new development projects)
carbon footprint in line with climate science and net-zero value chain GHG emissions
Note: 2030 targets are based on 2020 levels
42% - absolute scope 1 and 2 greenhouse gas (GHG) emissions
25% - scope 3 absolute GHG emissions from downstream leased assets (carbon emissions from our tenants) and waste
52% - scope 3 GHG emissions (per square metre) from capital goods (embodied carbon emissions of new development projects)
carbon footprint in line with climate science and net-zero value chain GHG emissions
Note: 2030 targets are based on 2020 levels
The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reduction targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050. The initiative is a collaboration between Carbon Disclosure Project (CDP), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).
Visit www.sciencebasedtargets.org or follow @sciencetargets to learn more.
