HKSTP Pledges to Reach Net-Zero by 2045

(Hong Kong, 3 April 2023) – Hong Kong Science and Technology Parks Corporation (HKSTP) announced its commitment to achieving the Net-Zero Standard through the Science Based Targets initiative (SBTi) by 2045, five years ahead of Hong Kong’s Climate Action Plan 2050 Carbon Neutrality target. HKSTP is the first statutory body in Hong Kong to commit to net-zero by 2045 based on the SBTi.

As part of the international effort to limit global temperature rise to 1.5°C, HKSTP’s pledge aligns with the SBTi, a global body enabling businesses to set ambitious emissions reduction targets grounded in the latest climate science. 

HKSTP is poised to achieve net zero emissions by 2045 through cultivating a vibrant green technology ecosystem. By driving impactful decarbonisation initiatives, HKSTP is leading Hong Kong's Innovation & Technology (I&T) sector towards a sustainable future. This effort sets a precedent for green & climate tech innovation and underscores the importance of acting sooner.

Mr Albert Wong, Chief Executive Officer of HKSTP, said, “Technology will enable Sustainability and Sustainability will enable Technology Development. SBTi net zero commitment is an exciting milestone in our decarbonization roadmap, HKSTP will be the pioneer of green tech and climate solutions to create new values for Hong Kong and beyond. We will equip innovators and the younger generation with robust green mindsets as well as skillsets that will enable changemakers to pave the way for green initiatives and apply their R&D focuses in addressing different climate issues. We will double down on our efforts and work collectively with our park companies and partners to propel innovation in building a low carbon future.”

Science Park has more than 100 green tech ventures. As part of the commitment to accelerate carbon reduction ahead of the target plan, HKSTP will be the leading ecosystem builder to advocate and drive sustainable climate I&T development, further catalysing Hong Kong as the international green tech and green finance centre.

Visit https://www.hkstp.org/who-we-are/sustainability/ to learn more.