IR News

13/05/2021
Hang Lung Publishes Sustainability Reports 2020
Furthering our Commitment to Sustainability with Demonstrated Resilience under the Pandemic
We are pleased to announce today the publication of our online Sustainability Reports 2020. The reports highlight the steps and progress made to advance sustainability initiatives in the course of the year and continue the journey towards becoming one of the most sustainable real estate companies in the world.

Major initiatives and achievements during the year include: 1) measures implemented to protect the wellbeing of our employees, customers and communities – our topmost priority throughout the COVID-19 pandemic; 2) the launch of an enhanced sustainability framework that focuses on Climate Resilience, Resource Management, Wellbeing and Sustainable Transactions; 3) the establishment of a set of long-term sustainability goals and targets to be achieved by 2030, with 35 strategic environmental, social and governance (ESG) key performance indicators (KPIs) set for 2021; and 4) marked progress made on sustainable finance which accounted for 13% of total debts and available facilities at the end of 2020.

In addition to the key highlights and achievements mentioned above, other highlights include:
  • The issuance, by the Boards of Directors of Hang Lung Group and Hang Lung Properties, of a Joint Statement on Oversight and Management of ESG Issue, elaborating on the Boards’ ESG management approach and strategy, and their role in reviewing progress against ESG-related goals and targets
  • The development of Hang Lung’s Sustainability Policy, which provides clear guidance to employees on the pursuit of sustainability leadership, including the principles and processes for implementing relevant initiatives aligned with the sustainability framework
  • Achieving a 21.5% reduction of electricity intensity by construction floor area compared to 2019
  • Obtaining first LEED Platinum pre-certifications for two office towers at Westlake 66 in Hangzhou
  • The donation of HK$25 million for a wide array of sustainable community investment programs

Recognition Earned
In 2020, Hang Lung Properties was included as a constituent of the Dow Jones Sustainability Asia Pacific Index for four consecutive years, received a three-star performance rating and an A-grade disclosure rating under GRESB for three consecutive years and was selected as a constituent of the Hang Seng Corporate Sustainability Index and the Hang Seng (Mainland and Hong Kong) Corporate Sustainability Index with an “AA-” rating or above for 11 consecutive years.

The Sustainability Report 2020 of Hang Lung Properties is now available for download at the links below:
Hang Lung Properties
https://www.hanglung.com/en-us/media-center/publications/sustainability
 
  • Hang Lung Properties publish the online Sustainability Report 2020 featuring the sustainability framework and a set of 2030 sustainability goals and targets
    Hang Lung Properties publish the online Sustainability Report 2020 featuring the sustainability framework and a set of 2030 sustainability goals and targets

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