Overall Net-Zero Target: New World Development Company Limited commits to reach net-zero greenhouse gas emissions across the value chain by FY2050. Near-Term Targets: New World Development Company Limited commits to reduce absolute scope 1 and 2 GHG emissions 42.0% by FY2030 from a FY2023 base year. New World Development Company Limited also commits to reduce absolute scope 3 GHG emissions from capital goods 25.0% within the same timeframe. New World Development Company Limited further commits to reduce scope 3 GHG emissions from downstream leased assets 51.6% per square metre within the same timeframe. Long-Term Targets: New World Development Company Limited commits to reduce absolute scope 1, 2 and scope 3 GHG emissions from capital goods, use of sold products,downstream leased assets, and investments 99.6% by FY2050 from a FY2023 base year.