GlobalData offers a comprehensive analysis of Henderson Land Development, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Henderson Land Development‘s ESG performance. GlobalData’s company profile on Henderson Land Development offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Henderson Land Development, a prominent real estate developer, prioritizes sustainability as a core aspect of its business, to tackle climate change. Evident in the formulation of its 2030 Sustainability Vision, one of its key drivers, "Green for Planet," centers on building a green portfolio to minimize environmental impact. The focus areas include adopting climate-resilient building designs to address the challenges of climate change and actively working to reduce the overall environmental impact and carbon footprint of the business model. For example, the aim is to achieve a 20% reduction in energy intensity from the baseline year of 2019 for the Hong Kong portfolio by 2030. In 2022, there was an 11.7% decrease in energy intensity compared to the base year of 2019.
Henderson Land Development has reported its scope 1 and scope 2 emissions, which encompass direct emissions from owned or controlled sources and indirect emissions from the generation of purchased energy. In 2022, the GHG emissions (including the headquarters, construction sites, managed properties, and subsidiaries) were reported as follows: Scope 1 emissions amounted to 5,141 tCO2e, Scope 2 emissions reached 115,425 tCO2e, and the combined total of Scope 1 and 2 emissions was 120,566 tCO2e. The GHG emission intensity for the building, considering both Scope 1 and 2, was 0.0557 tCO2e/m2 of total Gross Floor Area (GFA). Additionally, the total energy consumption was 264,963,939 kWh, with a building energy consumption intensity of 122 kWh/m2 of total GFA. In terms of water consumption, the total was 1,177,373 m3, resulting in a building water consumption intensity of 0.5438 m3/m2 of total GFA.
The company's sustainability efforts also include policies on the efficient use of resources, such as energy, water, and raw materials. It has set energy use efficiency targets and taken steps to achieve them. Henderson Land Development is committed to minimizing its significant impact on the environment and natural resources, as stated in its Biodiversity Policy, Climate Change Policy, Environmental Policy, and Sustainable Procurement Policy.
In conclusion, Henderson Land Development is actively working towards achieving its 2030 sustainability vision and making efforts to reduce its GHG emissions. The company has implemented a Climate Change Policy to identify and mitigate these issues, taking actions to manage them effectively. By prioritizing the efficient use of resources and minimizing its environmental impact, Henderson Land Development is demonstrating its commitment to sustainability and responsible business practices.
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