Sustainability
Leading the way with innovations and sustainable 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). Our net-zero science-based target has been validated by 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.
Click here to learn more about our validation by SBTi.
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
Base year
2030
Near-term targets
42%
absolute scope 1 and 2 greenhouse gas (GHG) emissions
25%
absolute scope 3 GHG emissions from downstream leased assets and waste generated in operations
51.6%
absolute scope 3 GHG emissions from purchased goods and services per square metre of constructed floor area (CFA)
2045
Long-term targets
90%
absolute scope 1 and 2 greenhouse gas (GHG) emissions
90%
absolute scope 3 GHG emissions from fuel- and energy-related activities, leased assets and waste generated in operations
97%
absolute scope 3 GHG emissions from purchased goods and services per square metre of constructed floor area (CFA)
Note:
- Scope 1 emissions are direct emissions from owned or controlled sources by the company.
- Scope 2 emissions are indirect emissions from the generation of purchased energy for the company.
- Scope 3 emissions are all indirect emissions that occur in the value chain of the company, including both upstream and downstream 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 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.
