2025 KPIs Results
Our Performance (Environment) Working Group, which comprises 32 members from different functions within the Company, has developed key performance indicators for seven environmental and resource management focus areas. This year, we continued to work towards our [2025 and 2030 KPIs], with our approved 1.5°C science-based targets (“SBTs”) guiding our efforts. Our 2025 progress is summarised in the table below.
Decarbonisation
2025 KPI
- Operational Carbon Emissions (Scope 1 and 2 SBT): Reduce absolute greenhouse gas (“GHG”) emissions by 25%17,18
2030 KPI
- Value Chain GHG Emissions (Scope 3 SBT – Downstream Leased Assets): Reduce carbon intensity from the tenant-controlled portion of downstream leased assets by 28% per square metre19
- Value Chain GHG Emissions (Scope 3 SBT – Capital Goods): Reduce embodied carbon intensity from new development projects by 25% per square metre (construction floor area)20
Resource Recycling and Waste Diversion
2025 KPI
Waste diversion rates from landfills:
- Hong Kong Portfolio (including hotels)
30% of commercial waste - Hong Kong (projects under development)
85% of demolition waste
70% of construction waste - Chinese Mainland (projects under development)
50% of total waste25
Waste recycling rate:
- Chinese Mainland Portfolio (including hotels)
40% of commercial waste
Environmental Building Assessment Schemes31
2025 KPI
- 100% of wholly-owned new development projects32 to achieve the highest environmental building assessment scheme rating
- 90% of all wholly-owned existing developments32 to achieve the highest environmental building assessment scheme rating