Hang Lung Properties Ltd. is a well-established real estate developer and operator based in Hong Kong. The company is engaged in the Multi Asset Class Own & Develop sector, which involves owning and developing a range of properties across different asset classes, including residential, commercial, retail, and hospitality. Hang Lung Properties has a strong presence in Hong Kong and mainland China, where it has developed and managed some of the most iconic properties in these regions.

As a responsible corporate citizen, Hang Lung Properties is committed to decarbonisation and reducing its carbon footprint. The company has set ambitious targets to reduce its greenhouse gas emissions and increase its use of renewable energy sources. Hang Lung Properties recognizes that decarbonisation is a critical issue for the real estate industry, and it is taking proactive steps to address this challenge.

One of the key initiatives that Hang Lung Properties has undertaken to reduce its carbon footprint is the implementation of corporate energy management programs. These programs involve the monitoring and analysis of energy consumption across the company's properties, with the aim of identifying areas where energy efficiency can be improved. Hang Lung Properties has invested in advanced energy management systems and technologies to enable real-time monitoring and control of energy consumption, which has resulted in significant energy savings.

In addition to energy management programs, Hang Lung Properties has also embraced corporate power purchase agreements (PPAs) as a way to increase its use of renewable energy. Corporate PPAs involve the purchase of renewable energy directly from a renewable energy provider, which enables companies to reduce their reliance on fossil fuels and support the growth of renewable energy sources. Hang Lung Properties has signed several corporate PPAs for the purchase of renewable energy, including solar and wind power, which has helped the company to reduce its carbon footprint and achieve its sustainability goals.

Hang Lung Properties is also investing in renewable energy infrastructure to support the growth of renewable energy in the regions where it operates. For example, the company has installed solar panels on the rooftops of several of its properties in Hong Kong and mainland China, which generate clean energy and reduce the properties' reliance on grid electricity. Hang Lung Properties is also exploring the use of other renewable energy sources, such as geothermal and biomass, to further reduce its carbon footprint and support the transition to a low-carbon economy.

In conclusion, Hang Lung Properties Ltd. is a leading real estate developer and operator in Hong Kong and mainland China, with a strong commitment to decarbonisation and sustainability. The company is taking proactive steps to reduce its carbon footprint and increase its use of renewable energy sources, including the implementation of corporate energy management programs, the signing of corporate PPAs, and the investment in renewable energy infrastructure. Hang Lung Properties recognizes that decarbonisation is a critical issue for the real estate industry, and it is committed to playing its part in addressing this challenge.