Overall Net-Zero Target Nan Fung Development Holdings Limited commits to reach net-zero greenhouse gas emissions across the value chain by 2050. Near-Term Targets Nan Fung Development Holdings Limited commits to reduce absolute scope 1 and 2 GHG emissions 46.2% by 2031 from a 2021 base year. Nan Fung Development Holdings Limited also commits to reduce absolute scope 3 GHG emissions from capital goods and use of sold products 46.2% within the same timeframe. Long-Term Targets Nan Fung Development Holdings Limited commits to reduce absolute scope 1 and 2 GHG emissions 99.6% by 2050 from a 2021 base year. Nan Fung Development Holdings Limited also commits to reduce absolute scope 3 GHG emissions 99.6% within the same timeframe.