Sustainability
Leading the way with innovations and initiatives for a greener future: how we are integrating sustainability into our projects.
GREEN
it’s more than a vision.
It’s an ecosystem.
HKSTP pledges to reach Net-Zero by 2045.
That’s five years ahead of our city’s 2050 carbon neutrality target to achieve the Net-Zero Standard by the Science Based Targets initiative (SBTi). That’s because the sooner, the better when it comes to driving impactful decarbonisation adoptions to lead Hong Kong’s Innovation & Technology ecosystem and build a paradigm for Green & Climate Tech innovation.
We've got great ambitions for a 1.5°C future
We are responding to the SBTi’s urgent call for corporate climate action with a commitment to align with 1.5°C and net-zero through the Business Ambition for 1.5°C campaign. Here are our near- and long-term targets in line with the net-zero framework.
Road Map
2023
2030
Near-term targets
42%
Absolute scope 1 and 2 greenhouse gas (GHG) emissions
25%
scope 3 absolute GHG emissions from downstream leased assets (carbon emissions from our tenants) and waste
52%
scope 3 GHG emissions (per square metre) from capital goods (embodied carbon emissions of new development projects)
2046
Long-term targets
42%
carbon footprint in line with climate science and net-zero value chain GHG emissions
About the science based targets initiative (SBTi)
The Science Based Targets initiative (SBTi) is a global body
enabling businesses to set ambitious emissions reduction targets
in line with the latest climate science. It is focused on
accelerating companies across the world to halve emissions
before 2030 and achieve net-zero emissions before 2050. The
initiative is a collaboration between Carbon Disclosure Project
(CDP), the United Nations Global Compact, World Resources
Institute (WRI) and the World Wide Fund for Nature (WWF).
Visit www.sciencebasedtargets.org or follow @sciencetargets to learn more.
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