Hongkong Land Makes Big Moves in Sustainability Toward Year 2030

The major property investment, management, and development company Hongkong Land (HKL) is making remarkable progress toward its 2030 Sustainability Framework goals, surpassing several targets thanks to its focus on reducing carbon emissions.
Efforts such as upgrading key buildings like LANDMARK in “Tomorrow’s CENTRAL,” and building strong partnerships with tenants are also helping to shape the future of luxury real estate in Hong Kong and beyond, all while driving tangible value.
A significant achievement has been a 33.3% reduction in Scope 1 and 2 carbon emissions compared to 2019, placing the company ahead of its target timeline for reducing its environmental impact.
In addition, 96% of its leasing portfolio has green building certifications that rank at the second-highest level or higher, exceeding its 2030 goal of 90%.
Furthermore, 81% of the leasing portfolio has earned the top certifications available globally, demonstrating a strong commitment to sustainable building practices.
The company has also made impressive headway in waste management, with a commercial waste diversion rate of 48% and aiming to reach the 50% target by 2030.
By fine-tuning its carbon measurement tools and improving emissions data, HKL is enhancing its sustainability efforts throughout the entire supply chain. On top of this, the company’s upgrades to energy efficiency and building enhancements are expected to save around US$1 million annually, while also boosting the overall value of its assets.

These efforts have caught the attention of major ESG rating agencies, with HKL being recognized by prestigious organizations like the Global Real Estate Sustainability Benchmark (GRESB), the Dow Jones Sustainability World Index, and the S&P Global Sustainability Yearbook 2025.
Another key milestone was HKL achieving “Triple Platinum” status across its entire Hong Kong commercial portfolio — the first developer in the city to do so. With 96% of its leasing portfolio certified at top green standards and 70% WELL certified, the company is raising the bar for sustainability in the real estate industry.
The company is committed to maintaining the highest efficiency of its existing buildings, continuously reducing its existing portfolio’s carbon footprint, and steadily progressing towards the goal of 100% certification for existing leasing portfolios by 2030.
Beyond buildings, HKL is fostering collaboration through the Tenant Sustainability Partnership Program (TSPP) more positive environmental impact. which launched in 2023.
By the end of its first year, 23% of its total lettable office space in Central — consisting of over 840,000 square feet — had joined the program. This initiative is now expanding to properties in mainland China.
As the CEO of HKL, Michael Smith, highlights, “Meeting a number of our 2030 sustainability targets ahead of schedule reflects our commitment to a sustainable future as we think in generations and create lasting value for all our stakeholders. ESG leadership is fundamental to our operations, and these milestones demonstrate our ability to align business excellence with sustainable values.”
For more information, visit HKL on their website, Instagram, and Facebook.
Get the latest curated content with The Beat Asia's newsletters. Sign up now for a weekly dose of the best stories, events, and deals delivered straight to your inbox. Don't miss out! Click here to subscribe.