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Associated Press
27-05-2025
- Business
- Associated Press
Hang Lung Achieves Sustainability Milestone: 80% of Mainland Portfolio Powered by Renewable Energy
Forum 66, Palace 66, and Olympia 66 are the first commercial developments in Liaoning Province to be powered by wind and solar energy HONG KONG SAR & SHANGHAI, CHINA - Media OutReach Newswire - 27 May 2025 - Hang Lung Properties Limited (SEHK stock code: 00101) (the 'Company' or 'Hang Lung') announced that the Company has increased its portfolio of renewable energy-powered properties in mainland China from 50% to 80% of its operating properties. The three additional properties—Forum 66 and Palace 66 in Shenyang, and Olympia 66 in Dalian—have transitioned to renewable energy sources since May 1, 2025, and are the first commercial developments in Liaoning Province to achieve this milestone. Forum 66, Palace 66, and Olympia 66 are the first commercial developments in Liaoning Province to adopt green energy 'This transaction marks a major step towards realizing Hang Lung's 2050 net zero goal . With these latest pioneering renewable energy projects in mainland China, we are proud to continue leading this journey,' said Mr. Adriel Chan, Chair of Hang Lung Properties and Chair of the Sustainability Steering Committee. 'We will continue to pioneer renewable energy initiatives, support the sustainability targets of our partners, and inspire others to accelerate their decarbonization efforts in line with China's dual carbon ambitions.' The three properties have secured renewable energy from wind and solar sources through power purchase agreements aligned with China's green energy policy framework. By the end of 2025, Hang Lung is expected to purchase a total of approximately 320 million kWh of renewable energy across eight properties. This achievement surpasses the Company's sustainability target of 25% renewable energy for its mainland China portfolio in 2025. Hang Lung's clear demand signal for renewable energy in multiple cities is helping to accelerate the energy transition, empower tenants to advance their own sustainability commitments with direct access to renewable energy, and foster a greener retail and commercial ecosystem in China. At Forum 66 in Shenyang, the Green Power Purchase Agreement was signed by (from left) Mr. Arthur Wong, Deputy General Manager – Mainland Business Operation of Hang Lung Properties, Mr. John Haffner, Deputy Director – Sustainability of Hang Lung Properties, Mr. Jinzeng Yu, Deputy General Manager of Northeast Region of China Resources Power, and Ms. Airong Yang, General Manager of China Resources (Liaoning) Electric Power Sales Co., Ltd 'As a leading luxury hotel, we work to ingrain sustainability in all aspects of our operations,' said Mr. Erich Kaiserseder, General Manager, Conrad Shenyang. 'It is great news for us and for our guests that Hang Lung has procured renewable energy for its Liaoning properties, including all the electricity for our hotel in Forum 66.' 'Tenants and landlords need to work together to advance common sustainability goals,' said Ms. Xuan Liu, Director, Dacheng Shenyang Law Firm. 'We are very happy that our office space at Forum 66 is now powered by green electricity thanks to Hang Lung's initiative in the market.' Located in Shenyang, capital of Liaoning Province, Forum 66 is a mixed-use development comprising a world-class shopping mall, Grade A office tower and the 5-star Conrad Shenyang on Qingnian Da Jie, also known as the 'Golden Corridor', while Palace 66 caters to young and trendy consumers as an aspirational retail and lifestyle destination. Olympia 66 in Dalian is the epicentre of luxury retail and lifestyle destination. Appendix: Hang Lung's Renewable Energy Chronology: December 2021: Spring City 66 in Kunming is Hang Lung's first property and the first commercial complex in Yunnan Province to be powered by renewable energy. January 2023: Parc 66 in Jinan is the first commercial property in Jinan and Shandong Province to be powered by renewable energy. April 2024: Plaza 66 and Grand Gateway 66 in Shanghai, and Center 66 in Wuxi build on the successes in Kunming and Jinan and are also powered by renewable energy. May 2025: Forum 66 and Palace 66 in Shenyang, as well as Olympia 66 in Dalian, are the first commercial complexes in Liaoning Province to be powered by renewable energy. Altogether, eight out of ten of Hang Lung's Mainland operating properties are now powered by renewable energy.* *Green power terms under power purchase agreements for the entire property (covering both landlord and tenant consumption) since May 1, 2025. Property Minimum Green Electricity Under Bundled Power Purchase Agreement Maximum Unbundled Green Electricity Certificate Spring City 66, Kunming 100% 0% Parc 66, Jinan 100% 0% Center 66, Wuxi 98% 2% Grand Gateway 66, Shanghai 95% 5% Plaza 66, Shanghai 95% 5% Forum 66, Shenyang 95% 5% Palace 66, Shenyang 95% 5% Olympia 66, Dalian 95% 5% Hashtag: #HangLung #Forum66 #Palace66 #Olympia66 The issuer is solely responsible for the content of this announcement. About Hang Lung Properties
Zawya
27-05-2025
- Business
- Zawya
Hang Lung Achieves Sustainability Milestone: 80% of Mainland Portfolio Powered by Renewable Energy
Forum 66, Palace 66, and Olympia 66 are the first commercial developments in Liaoning Province to be powered by wind and solar energy HONG KONG SAR & SHANGHAI, CHINA - Media OutReach Newswire - 27 May 2025 - Hang Lung Properties Limited (SEHK stock code: 00101) (the "Company" or "Hang Lung") announced that the Company has increased its portfolio of renewable energy-powered properties in mainland China from 50% to 80% of its operating properties. The three additional properties—Forum 66 and Palace 66 in Shenyang, and Olympia 66 in Dalian—have transitioned to renewable energy sources since May 1, 2025, and are the first commercial developments in Liaoning Province to achieve this milestone. "This transaction marks a major step towards realizing Hang Lung's 2050 net zero goal. With these latest pioneering renewable energy projects in mainland China, we are proud to continue leading this journey," said Mr. Adriel Chan, Chair of Hang Lung Properties and Chair of the Sustainability Steering Committee. "We will continue to pioneer renewable energy initiatives, support the sustainability targets of our partners, and inspire others to accelerate their decarbonization efforts in line with China's dual carbon ambitions." The three properties have secured renewable energy from wind and solar sources through power purchase agreements aligned with China's green energy policy framework. By the end of 2025, Hang Lung is expected to purchase a total of approximately 320 million kWh of renewable energy across eight properties. This achievement surpasses the Company's sustainability target of 25% renewable energy for its mainland China portfolio in 2025. Hang Lung's clear demand signal for renewable energy in multiple cities is helping to accelerate the energy transition, empower tenants to advance their own sustainability commitments with direct access to renewable energy, and foster a greener retail and commercial ecosystem in China. "As a leading luxury hotel, we work to ingrain sustainability in all aspects of our operations," said Mr. Erich Kaiserseder, General Manager, Conrad Shenyang. "It is great news for us and for our guests that Hang Lung has procured renewable energy for its Liaoning properties, including all the electricity for our hotel in Forum 66." "Tenants and landlords need to work together to advance common sustainability goals," said Ms. Xuan Liu, Director, Dacheng Shenyang Law Firm. "We are very happy that our office space at Forum 66 is now powered by green electricity thanks to Hang Lung's initiative in the market." Located in Shenyang, capital of Liaoning Province, Forum 66 is a mixed-use development comprising a world-class shopping mall, Grade A office tower and the 5-star Conrad Shenyang on Qingnian Da Jie, also known as the "Golden Corridor", while Palace 66 caters to young and trendy consumers as an aspirational retail and lifestyle destination. Olympia 66 in Dalian is the epicentre of luxury retail and lifestyle destination. Appendix: Hang Lung's Renewable Energy Chronology: December 2021: Spring City 66 in Kunming is Hang Lung's first property and the first commercial complex in Yunnan Province to be powered by renewable energy. January 2023: Parc 66 in Jinan is the first commercial property in Jinan and Shandong Province to be powered by renewable energy. April 2024: Plaza 66 and Grand Gateway 66 in Shanghai, and Center 66 in Wuxi build on the successes in Kunming and Jinan and are also powered by renewable energy. May 2025: Forum 66 and Palace 66 in Shenyang, as well as Olympia 66 in Dalian, are the first commercial complexes in Liaoning Province to be powered by renewable energy. Altogether, eight out of ten of Hang Lung's Mainland operating properties are now powered by renewable energy.* *Green power terms under power purchase agreements for the entire property (covering both landlord and tenant consumption) since May 1, 2025. Property Minimum Green Electricity Under Bundled Power Purchase Agreement Maximum Unbundled Green Electricity Certificate Spring City 66, Kunming 100% 0% Parc 66, Jinan 100% 0% Center 66, Wuxi 98% 2% Grand Gateway 66, Shanghai 95% 5% Plaza 66, Shanghai 95% 5% Forum 66, Shenyang 95% 5% Palace 66, Shenyang 95% 5% Olympia 66, Dalian 95% 5% Hashtag: #HangLung #Forum66 #Palace66 #Olympia66 The issuer is solely responsible for the content of this announcement. About Hang Lung Properties Hang Lung Properties Limited (SEHK stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the '66' brand, the company's Mainland portfolio has established its leading position as the 'Pulse of the City'. Hang Lung Properties is also recognized for leading the way in enhancing sustainability initiatives in the real estate industry, all the while pursuing sustainable growth by connecting customers and communities. At Hang Lung Properties – We Do It Well. Hang Lung Properties
The Sun
29-04-2025
- Business
- The Sun
Changemakers Program Gains Traction as Hang Lung Partners with Tenants in Vibrant Sustainability Community
HONG KONG SAR and SHANGHAI, CHINA - Media OutReach Newswire - 29 April 2025 - Hang Lung Properties Limited (SEHK stock code: 00101) (the 'Company' or 'Hang Lung') is scaling up its collaborative efforts with tenants in reducing energy use and waste, advancing circularity, and improving community wellbeing. Leading the industry shift towards shared responsibility for sustainability, Hang Lung fosters collaboration through its Changemakers: Tenant Partnerships on Sustainability Program (the 'Changemakers Program'), which completed a successful pilot year in 2024. The program was inspired by the Company's pioneering sustainability partnership with LVMH Moët Hennessy Louis Vuitton ('LVMH Group'), launched in 2022. To date, Hang Lung has collaborated with 49 tenants from various sectors – including office, retail, and hospitality – across 17 properties in Hong Kong and mainland China, totaling over 220,500 square meters of leased floor area or 11% of Hang Lung's leasable floor area. Building on insights from early adopters such as AEON Stores (Hong Kong) Co., Limited, Credit Agricole CIB (China) Limited, Decathlon Hong Kong, Longchamp, Qeelin, Siemens Ltd., China Shenyang Branch, Standard Chartered Bank (Hong Kong) Limited, and Tam Jai International Co. Limited, Hang Lung has enhanced the Changemakers Program for greater impact and engagement, including offering tenants access to a comprehensive energy and carbon management platform. This solution provides tenants with real-time energy consumption analytics across their leased spaces, delivering data-driven, actionable insights to enhance energy efficiency, support sustainability goals, and optimize operational performance. The Changemakers Program also continues to deliver best practice sharing and benchmarking with peers, capacity-building resources, and hands-on support from Hang Lung, including technical services and volunteering opportunities. 'Underpinning all our sustainability efforts is a belief in the power of collective action. Our tenants are essential partners in both business and sustainability, and Hang Lung is proud to join forces with them in pursuit of meaningful impacts for the environment and society,' Mr. Adriel Chan, Chair of Hang Lung Properties and Chair of the Sustainability Steering Committee, said. 'Collaborating with tenants to reduce carbon is also one of our key actions on our pathway to net zero emissions by 2050.' At the recent Changemakers Tenant Sustainability Awards 2025 held in Hong Kong, the community celebrated the accomplishments of tenants from the first year of the Changemakers Program, and invited leading tenants to share their innovative practices with others. Professor Christine Loh, Chief Development Strategist, Institute for the Environment at The Hong Kong University of Science and Technology, said, 'Hang Lung's approach highlights the value of partnerships. We know what we need to do; we just need to keep working together and learning from one another.' Professor Christine Loh, Chief Development Strategist, Institute for the Environment at The Hong Kong University of Science and Technology, championed partnership during a panel discussion with sustainability leaders at the Changemakers Tenant Sustainability Awards 2025 in Hong Kong Speaking to Changemakers Program awardees at the Shanghai ceremony, Mr. Brian Linden, Co-founder of The Linden Center and author of Redefining Diplomacy: One Village at a Time, said, 'To be truly effective, any sustainability initiative must go beyond the purely physical, and adopt a more holistic approach. This means incorporating social and cultural traditions to deepen the connection with and involvement from the local community. The Changemakers Program is also cultivating this approach – driving innovation through fostering collaboration and community.' Whether tenants are just starting on their sustainability journey, or ready to lead, the Changemakers Program offers a path for collaboration, impact, and recognition. For more information, please email Sustainability@ Note to Editors: Tenants can opt to participate at either the Foundational or Advanced level of the Changemakers Program, joining a vibrant sustainability community that supports shared learning and measurable action. Hang Lung office, retail, and hospitality tenants already making an impact as early adopters under the Program include: List of tenants and awards – Changemakers Tenant Sustainability Awards 2025 Hashtag: #HangLungProperties The issuer is solely responsible for the content of this announcement. About Hang Lung Properties Hang Lung Properties Limited (SEHK stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the '66' brand, the company's Mainland portfolio has established its leading position as the 'Pulse of the City'. Hang Lung Properties is also recognized for leading the way in enhancing sustainability initiatives in the real estate industry, all the while pursuing sustainable growth by connecting customers and communities. At Hang Lung Properties – We Do It Well.
Zawya
29-04-2025
- Business
- Zawya
Changemakers Program Gains Traction as Hang Lung Partners with Tenants in Vibrant Sustainability Community
Enhanced Changemakers Program and LVMH Group collaboration drive momentum for shared ESG commitment HONG KONG SAR and SHANGHAI, CHINA - Media OutReach Newswire - 29 April 2025 - Hang Lung Properties Limited (SEHK stock code: 00101) (the "Company" or "Hang Lung") is scaling up its collaborative efforts with tenants in reducing energy use and waste, advancing circularity, and improving community wellbeing. Leading the industry shift towards shared responsibility for sustainability, Hang Lung fosters collaboration through its Changemakers: Tenant Partnerships on Sustainability Program (the "Changemakers Program"), which completed a successful pilot year in 2024. The program was inspired by the Company's pioneering sustainability partnership with LVMH Moët Hennessy Louis Vuitton ("LVMH Group"), launched in 2022. To date, Hang Lung has collaborated with 49 tenants from various sectors – including office, retail, and hospitality – across 17 properties in Hong Kong and mainland China, totaling over 220,500 square meters of leased floor area or 11% of Hang Lung's leasable floor area. Building on insights from early adopters such as AEON Stores (Hong Kong) Co., Limited, Credit Agricole CIB (China) Limited, Decathlon Hong Kong, Longchamp, Qeelin, Siemens Ltd., China Shenyang Branch, Standard Chartered Bank (Hong Kong) Limited, and Tam Jai International Co. Limited, Hang Lung has enhanced the Changemakers Program for greater impact and engagement, including offering tenants access to a comprehensive energy and carbon management platform. This solution provides tenants with real-time energy consumption analytics across their leased spaces, delivering data-driven, actionable insights to enhance energy efficiency, support sustainability goals, and optimize operational performance. The Changemakers Program also continues to deliver best practice sharing and benchmarking with peers, capacity-building resources, and hands-on support from Hang Lung, including technical services and volunteering opportunities. "Underpinning all our sustainability efforts is a belief in the power of collective action. Our tenants are essential partners in both business and sustainability, and Hang Lung is proud to join forces with them in pursuit of meaningful impacts for the environment and society," Mr. Adriel Chan, Chair of Hang Lung Properties and Chair of the Sustainability Steering Committee, said. "Collaborating with tenants to reduce carbon is also one of our key actions on our pathway to net zero emissions by 2050." At the recent Changemakers Tenant Sustainability Awards 2025 held in Hong Kong, the community celebrated the accomplishments of tenants from the first year of the Changemakers Program, and invited leading tenants to share their innovative practices with others. Professor Christine Loh, Chief Development Strategist, Institute for the Environment at The Hong Kong University of Science and Technology, said, "Hang Lung's approach highlights the value of partnerships. We know what we need to do; we just need to keep working together and learning from one another." Speaking to Changemakers Program awardees at the Shanghai ceremony, Mr. Brian Linden, Co-founder of The Linden Center and author of Redefining Diplomacy: One Village at a Time, said, "To be truly effective, any sustainability initiative must go beyond the purely physical, and adopt a more holistic approach. This means incorporating social and cultural traditions to deepen the connection with and involvement from the local community. The Changemakers Program is also cultivating this approach – driving innovation through fostering collaboration and community." Whether tenants are just starting on their sustainability journey, or ready to lead, the Changemakers Program offers a path for collaboration, impact, and recognition. For more information, please email Sustainability@ Note to Editors: Tenants can opt to participate at either the Foundational or Advanced level of the Changemakers Program, joining a vibrant sustainability community that supports shared learning and measurable action. Hang Lung office, retail, and hospitality tenants already making an impact as early adopters under the Program include: List of tenants and awards – Changemakers Tenant Sustainability Awards 2025 Hong Kong Foundational Awards AEON Lai Chi Kok Store – AquaMarine Gyu-Kaku Buffet – Grand Plaza AEON STYLE Mong Kok – Gala Place TamJai SamGor Mixian – Kornhill Plaza AEON STYLE Kornhill – Kornhill Plaza TamJai Yunnan Mixian – Amoy Plaza Decathlon Hong Kong – Grand Plaza Standard Chartered Bank (Hong Kong) Limited – Standard Chartered Bank Building Gyu-Kaku – Kornhill Plaza UPS Parcel Delivery Service Ltd. – 9 Wing Hong Street Advanced Awards Centre for Asian Philanthropy and Society Limited – Shui On Centre Mott 32 – Standard Chartered Bank Building Cuisine Continental (HK) Ltd. – alfafa – Kornhill Plaza Special Mention Centre for Asian Philanthropy and Society Limited – Shui On Centre Kabushikigaisha Limited – Gyu-Kaku – Kornhill Plaza and Gyu-Kaku Buffet – Grand Plaza Decathlon Hong Kong – Grand Plaza Mott 32 – Standard Chartered Bank Building Mainland China Foundational Awards Credit Agricole CIB (China) Limited – Plaza 66, Shanghai Longchamp – Olympia 66, Dalian KPMG China – Plaza 66, Shanghai Longchamp – Spring City 66, Kunming Longchamp – Grand Gateway 66, Shanghai MUFG Bank (China), Ltd. – Center 66, Wuxi Longchamp – Heartland 66, Wuhan Taikang Life Insurance Co., Ltd. Hubei Branch – Heartland 66, Wuhan Advanced Awards ANTA – Grand Gateway 66, Shanghai Qeelin – Grand Gateway 66, Shanghai Conrad Shenyang – Forum 66, Shenyang Qeelin – Plaza 66, Shanghai HSBC China Wuxi branch – Center 66, Wuxi Siemens Ltd., China Shenyang Branch – Forum 66, Shenyang Special Mention ANTA – Grand Gateway 66, Shanghai Credit Agricole CIB (China) Limited – Plaza 66, Shanghai Conrad Shenyang – Forum 66, Shenyang HSBC China Wuxi branch – Center 66, Wuxi Hashtag: #HangLungProperties The issuer is solely responsible for the content of this announcement. About Hang Lung Properties Hang Lung Properties Limited (SEHK stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the '66' brand, the company's Mainland portfolio has established its leading position as the 'Pulse of the City'. Hang Lung Properties is also recognized for leading the way in enhancing sustainability initiatives in the real estate industry, all the while pursuing sustainable growth by connecting customers and communities. At Hang Lung Properties – We Do It Well. For more information, please visit Hang Lung Properties
Zawya
24-03-2025
- Business
- Zawya
Hang Lung Leads Industry Dialogue on Net Zero Transition with Groundbreaking Discussion Paper
Hang Lung presents an innovative in-depth analysis of its potential journey to net zero as a model for the real estate sector, calling for greater transparency and improved benchmarks to drive real estate decarbonization HONG KONG SAR & SHANGHAI, CHINA - Media OuReach Newswire - 24 March 2025 - Hang Lung Properties Limited (SEHK stock code: 00101) (the "Company" or "Hang Lung") has published a first-of-its-kind discussion paper, " Our Jou r ney to Net Zero: Our Scenarios and Actions to Reduce Greenhouse Gas Emissions to 2050." While many companies have made net zero commitments, few have carefully examined how to achieve these commitments. Hang Lung has risen to this challenge, adopting an innovative approach based on a decarbonization model with more than 1,000 internal and external data inputs. From this thorough analysis, it has developed two main scenarios to understand potential pathways for the Company to reduce greenhouse gas (GHG) emissions to 2050. From a starting point of around 1,000,000 tonnes of GHG in 2023, Hang Lung's emissions could drop to fewer than 100,000 tonnes by 2050—and even go as low as 16,000 tonnes. The scale of new construction and the emissions intensity of available construction materials will play a critical role in shaping this reduction. The Journey to Net Zero paper concludes that the Company has the potential to fully achieve net zero by 2050. However, doing so will require consistent effort and sustained focus, including strategic collaboration with suppliers. The Company will also need to leverage advancements in technologies. While the paper's analysis is based on a close examination of Hang Lung's emissions pathways, it also raises issues applicable to peers and standard setters. For instance, the paper highlights overlooked sources of emissions, discusses key carbon accounting issues for the sector, and calls for greater transparency and standardized benchmarking for construction materials. "The real estate sector has a responsibility to reduce its carbon emissions," Mr. Adriel Chan, Chair of Hang Lung Properties and Chair of the Sustainability Steering Committee, said. "But we need to form a long-term vision together. By addressing key issues head-on—including the impact of business expansion, decarbonization of construction supplies and energy, and emissions blind spots—Hang Lung is demonstrating in this paper that we take our net zero commitment seriously. We also encourage our peers and partners to embrace greater transparency, so we can all learn from and collaborate with one another." Illustrating its commitment to catalyzing change in real estate, Hang Lung has outlined eight key actions it is pursuing to support its long-term journey to net zero emissions by 2050: Advancing energy efficiency Expanding renewable energy procurement Improving material efficiency Reducing the GHG intensity of construction materials Collaborating with suppliers Exploring ways to repurpose existing properties Improving lifecycle refrigerant management practices; and Collaborating with tenants to reduce emissions. These actions are discussed in greater detail in the paper: Expert Reactions "This effort is truly a milestone and a commendable example for the real estate sector." – Wei Li, Principal, RMI China. "Candid, collaborative and practical, this report redefines how companies should report on net zero progress." – Raefer Wallis, Founder and Chief Executive Offier, GIGA/RESET Standard. "I believe methodologies and insights from this report can effectively enhance capacity and encourage industry action." – Da Zhang, Associate Professor, Institute of Energy, Environment and Economy, Tsinghua University. "The scenario-based approach is very enlightening, with open analysis of uncertainty rather than strategizing with the hope of a magically smooth curve down to zero carbon emissions." – Jenny Zhang, Director of Sustainability, APAC, Urban Land Institute. Note to Editors: Hang Lung's sustainability achievements: With support from top management and a long-term vision, Hang Lung aims to become one of the most sustainable real estate companies in the world. Through clear and measurable sustainability goals, including 25 Targets to be achieved by 2025, 2030 Sustainability Goals and Targets, and net zero targets validated by the Science Based Targets initiative (SBTi), the Company has gained recognition from stakeholders for its pioneering sustainability initiatives in real estate. Hang Lung obtained more than 45 ESG awards in 2024. The Company is on the CDP "Corporate A List," with an "A" rating for Climate Change and an "A-" rating for Water Security. Since 2021, Hang Lung has received a 4-star performance rating for standing investments from the Global Real Estate Sustainability Benchmark (GRESB), and maintained an "AA" rating in the MSCI ESG Ratings assessment and a "low ESG risk" rating from Sustainalytics. The Company has also been a constituent stock of the FTSE4Good Index Series and the Hang Seng Corporate Sustainability Index (Mainland and Hong Kong) since 2021 and 2010 respectively. Hang Lung has also demonstrated its sustainability leadership in renewable energy, low carbon construction and tenant partnerships. Since April 2024, 50% of Hang Lung's operating properties in mainland China have been powered by renewable energy. For low carbon construction, Plaza 66 Pavilion Extension's building structure in Shanghai is Hang Lung's first Mainland project to use almost 100% low carbon emissions steel. And the Company has partnered with 49 tenants representing 11% of its total leasable area on sustainability initiatives through its nationwide Changemakers Program for all tenants, and its first-of-its-kind sustainability collaboration with LVMH Group in 2022. For more details, please visit: Hashtag: #HangLungProperties The issuer is solely responsible for the content of this announcement. About Hang Lung Properties Hang Lung Properties Limited (SEHK stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the "66" brand, the company's Mainland portfolio has established its leading position as the "Pulse of the City." Hang Lung Properties is also recognized for leading the way in enhancing sustainability initiatives in the real estate industry, all the while pursuing sustainable growth by connecting customers and communities. At Hang Lung Properties – We Do It Well. For more information, please visit Hang Lung Properties
