Hang Lung announced in December a set of sustainability goals and targets to be achieved by 2030. In addition to areas such as climate resilience, resource management, and sustainable transactions, the property developer also made wellbeing a priority.
Hang Lung's goal is to ensure employees, customers and communities enjoy an unrivalled environment that promotes their health and wellbeing in the next 10 years. To achieve this, the group has set three targets: To assess wellbeing for all employees and key customers, to meet or exceed wellbeing standards for new properties, and to work with youth on sustainability solutions in all the cities Hang Lung has assets.
The property developer has set strategic, environmental, social and governance (ESG) key performance indicators (KPIs) for its departments and properties to track and measure their progress. The boards and the sustainability steering committee will review progress against the ESG KPIs twice a year. The progress will be disclosed in annual sustainability reports.
Adriel Chan, vice chair of Hang Lung Group and Hang Lung Properties, who also chairs the companies’ Sustainability Steering Committee, said “Sustainability is one of Hang Lung’s core values and is at the heart of our operations. The new set of goals and targets will sharpen the focus of our sustainability efforts in the coming years and decades. We are excited to collaborate with like-minded stakeholders to drive sustainable growth, not just in our company, but also in our communities.”