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New World Development

New World Development is a publicly listed company headquartered in Hong Kong, China. The company's business areas include property development, property management and construction, with a focus on department stores, hotels, property infrastructure and services.

Summary

New World Development reports transparently on numerous sustainability topics. However, there is clear potential for the company to strengthen its performance in many areas. The company discloses its most material sustainability topics and assigns oversight of these to its board and sustainability steering committee. However, it lacks transparency on its lobbying and political engagement policy. Additionally, while the company commits to respecting human rights and incorporates human rights risks into its risk management policy, it fails to provide details on how these risks are identified across its value chain.

New World Development regularly reports its water withdrawal data; however, it can improve on this by setting group-wide targets to reduce water consumption. From a climate perspective, while New World Development discloses near-term 1.5°C-aligned targets, it can further demonstrate alignment with the Paris Agreement by also setting long-term targets validated by the Science Based Targets initiative (SBTi).

Ranking position: #58 /300
Total score: 20.9 /100

Measurement area	Score	Rank (0-300)
Governance & Strategy	#1 12.5 /100	#89
Inclusive Cities	#1 31.7 /100	#49
Healthy Cities	#1 11.7 /100	#66
Climate Proof & Resilient Cities	#1 26.7 /100	#22
Core Social Indicators	#1 22.2 /100	#88

Industries
Real estate	#20

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More about the company

Headquarters: Hong Kong
Ownership structure: Public
Revenue: USD 12,160 billion (2022)
Number of employees: 8042 (2022)
Website: https://www.nwd.com.hk

This company is part of the SDG2000, the 2000 most influential companies

See company profile SDG2000