Hang Lung Properties Powers 80% of Mainland China Portfolio with Renewable Energy, Advancing Towards 2050 Net Zero Goal

Reuters

27 May

Hang Lung Properties Powers 80% of Mainland China Portfolio with Renewable Energy, Advancing Towards 2050 Net Zero Goal

Hang Lung Properties Ltd. has announced a significant advancement in sustainability, with 80% of its mainland China portfolio now powered by renewable energy. This marks an increase from 50% and includes the transition of Forum 66 and Palace 66 in Shenyang, along with Olympia 66 in Dalian, to renewable energy sources as of May 1, 2025. These developments are the first commercial projects in Liaoning Province to achieve this milestone. Hang Lung's initiative aligns with China's green energy policy framework and aims to reach a net-zero goal by 2050. The company plans to purchase around 320 million kWh of renewable energy across eight properties by the end of 2025, surpassing its initial target of 25% renewable energy for its mainland portfolio. This move not only facilitates the energy transition but also empowers tenants to enhance their sustainability commitments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hang Lung Properties Ltd. published the original content used to generate this news brief on May 27, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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