Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate resilience and management
• Water efficiency and reduction
• Green building certification
• Equality, diversity and inclusion
• Ethically responsible sourcing
• Environmental risk in supply chain
• Building material efficiency
• Data protection and cybersecurity
• Sustainable product design and innovation
• Ethics and integrity
• Customer health and safety
• Staff welfare
• Occupational health and safety
• Staff development and training
• Employment compliance
• Community investment and engagement
• Waste Decarbonisation and energy efficiency

Environmental Achievements

• Reduced total Greenhouse gas emission (Scope 1, 2 and 3) intensity by 24.65% compared to FY2017/18 baseline
• Achieved the Outstanding Award for Excellent Contribution to Livable City Construction (Contractor) – Promote MiC Adoption at the Hong Kong Green and Sustainability Contribution Awards 2023
• Achieved the Distinction Award in Green Building Innovation and Technology at the Hong Kong Sustainable Development Innovation and Technology Awards 2023
• Obtained Excellent Level for Hong Kong Green Organisation Certification – Wastewise
• Joined BEC Net-zero Carbon Charter as an Action Signatory
• Reduction in water consumption intensity by 11.57% compared to FY2022/23

Social Achievements

• Obtained Bronze Prize Under the Construction Industry Safety Award Scheme 2022/23
• Implemented innovative safety technologies, such as Internet of Things (IoT) access control system
• Granted a HK$200 million social loan for the construction of a Dedicated Rehousing Estate, advancing sustainable housing development
• Spread joy to 100 families by sponsoring the “Mothers’ Group 2023 Performance Improvement Awards” by the Association for the Rights of Industrial Accident Victims
• Provided 17,913 training hours to employees (100% of site workers received training)

Governance Achievements

• Signed the Integrity Charter in September 2021
• Established relevant measures to uphold business ethics including Code of Ethics and Conduct, Integrity Management Policy, Competition Policy, and Staff Manual
• Established Whistleblowing Policy

Climate Goals & Targets

Environmental Challenges

• Manpower shortage in the construction industry
• Rising staff cost
• Market downturn in Mainland China impacting Luoyang Joint Venture
• Sluggish property market in Mainland China
• Climate-related physical risks (extreme weather events)
• Climate-related transition risks (policy and legal risks)

Mitigation Strategies

• Recruiting through the Government’s expanded Talent List program and Labour Importation Scheme
• Implementing measures to address manpower costs
• Making a full provision for investment in Luoyang Joint Venture
• Monitoring weather warnings and taking prompt action to prepare for extreme weather events
• Establishing protocols and site inspection checklists to ensure employee safety
• Providing emergency training to employees
• Closely monitoring trends in climate-related government policies and regulatory requirements

Supply Chain Management

Responsible Procurement

• Green Procurement Policy (prioritising green products and services, reducing packaging, minimising single-use items)
• Subcontractor and Supplier Selection Policy (considering ESG performance)

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Policy and legal risks

Reporting Standards

Frameworks Used: HKEX ESG Reporting Guide

Certifications: ISO 9001, ISO 19650-1:2018, ISO 14001, ISO 45001, ISO 50001

Sustainable Products & Innovation

• Intelligent Fan Coil Unit (iFCU™) with AI-driven enhancement (average over 50% energy saving)
• MiC technology
• BEANiE digital platform

Awards & Recognition

• Outstanding Award for Excellent Contribution to Livable City Construction (Contractor) – Promote MiC Adoption
• Distinction Award in Green Building Innovation and Technology
• Excellent Level for Hong Kong Green Organisation Certification – Wastewise
• EcoChallenger
• 5 Years+ EcoPioneer
• Low-Carbon Commitment
• HKCA Proactive Safety Contractor Award
• Heart Caring Organization Award
• Bronze Prize (Construction Industry Safety Award Scheme)