Fred Kan & Co.

Climate Impact & Sustainability Data (2020)

Walkers crisps firm reduced CO2 emissions from its manufacturing process by 70% using CO2 captured from beer fermentation.
Hong Kong's carbon emissions showed a decreasing trend since 2014.
Approximately 65,000 of over 80,000 private parking spaces in new developments had been provided with EV charging-enabling infrastructure.

Hong Kong Palace Museum construction completed and scheduled to open in mid-2022.
Government plans to provide existing private residential car parks with financial and technical assistance for the installation of EV charging-enabling infrastructure (HK$2 billion pilot subsidy scheme).

Hong Kong financial institutions will be mandated to disclose the financial impact of climate change by 2025 (aligned with TCFD standards).
Hong Kong government subsidises the cost of green bond issues (maximum HK$800,000).

Long-term Goals:

Medium-term Goals:

Short-term Goals:

Hong Kong financial institutions to disclose the financial impact of climate change by 2025.
Develop Common Ground Taxonomy in Hong Kong by mid-2021.

Increasing amount of waste dumped in Hong Kong’s limited landfills.
Difficulties in enforcing MSW charges to tackle problems of people evading charges.
Insufficient power supply capacity, high costs, and unavailability of consent from owners’ corporations for installing EV chargers.
Potential traffic disruption due to queuing at EV charging stations.
Reluctance of some flat owners to shoulder the costs of installing EV charging-enabling infrastructure.
Extreme weather events increasing costs and damaging solar farms.
Technical issues and budget overruns in carbon capture projects.
Hong Kong's aggressive net-zero carbon emissions goal by 2050.
Controversial Lantau Tomorrow Vision housing project with potential ecological impacts.
Potential ecological catastrophe in Russia due to unknown contamination source.

Proposed MSW charging scheme based on the “polluter-pays” principle.
Multi-faceted strategy for waste reduction including public education, innovation, and enforcement.
HK$2 billion pilot subsidy scheme for EV charging infrastructure installation.
Exploring smart parking systems to manage EV charging facilities.
Government study to identify sites suitable for territory-wide network of quick charging facilities.
Government exploring the feasibility of installing quick charging facilities in a few districts.
Encouraging EV owners to install their own chargers.
Relaxed gross floor area concession requirements for EV charging infrastructure in new private buildings.
Imposing a fee for using EV charging facilities.
Setting timetables for EV adoption targets and potential ban on ICE vehicles.
One-for-one Replacement Scheme for existing electric PC owners.
Investigation into electric school buses and tourist coaches.
4Ts Partnership for energy saving in existing buildings.
Developing carbon capture technologies.
Exploring alternatives to Lantau Tomorrow Vision, such as developing brown-field land.

Frameworks Used: TCFD