Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Innovation and Technology
• Anti-corruption
• Workplace Safety and Health
• Business Ethics
• Diversity and Equal Opportunity
• Community Engagement and Wellbeing
• Talent Management
• Biodiversity
• Indoor Air Quality
• Water Resources
• Effluent and Waste
• Customer Satisfaction
• Resource Management
• Data Privacy

Environmental Achievements

• Reduced carbon emissions intensity by 15.07% year-on-year (against 2020 baseline)
• Reduced waste generation by 7.27% year-on-year (against 2020 baseline)
• Reduced accident rate to 3.10 cases per thousand workers (lowest record in recent years, against 2019 baseline)
• Installed eleven Enertainers to replace diesel generators, reducing carbon footprint by approximately 80%
• Implemented energy retrofits in Mainland China malls, resulting in significant electricity savings (e.g., 766,048 kWh in Tianjin)
• Partnered with CLP to launch a Cooling as a Service project expected to save over 30% on electricity consumption and reduce carbon emissions by 370 tonnes annually

Social Achievements

• Increased social investment value by 25.2%
• Increased training hours by 25.2% to 26,234 hours (excluding HSE training)
• Decreased employee turnover rate to 11.6% from 13.1%
• Expanded Zhuhai office workforce by 53% in three years
• Organized annual Health, Safety and Environment seminar for over 400 participants
• Conducted 241 hours of volunteering

Governance Achievements

• Implemented an Enterprise Risk Management framework to identify, assess, and manage key risks, including ESG-related risks
• Established a Sustainability Steering Committee to oversee ESG performance and report to the Audit Committee
• Provided 1,816 hours of anti-corruption training
• Reviewed and updated business ethics and anti-corruption policy incorporating latest updates from ICAC

Climate Goals & Targets

Environmental Challenges

• Increased total carbon emissions by 42.3% due to project development cycles
• Intensified competition in green building construction
• More stringent government policies for decarbonisation
• Frequent extreme weather events causing extra costs and potential damage
• Prolonged periods of extreme heat leading to higher manpower costs

Mitigation Strategies

• Developing a carbon tracking digital platform
• Adopting sustainable construction technologies
• Setting a carbon reduction target of 25% by 2024
• Conducting specialized training for employees
• Launching HSE campaigns to prevent heat strokes
• Implementing energy-saving initiatives and digitalisation of processes
• Increasing the use of green products and renewable energy
• Optimizing management approach in line with amended safety regulations
• Strengthening safety education
• Using technology to improve safety performance

Supply Chain Management

Supplier Audits: Quarterly assessments of over 1,200 suppliers

Responsible Procurement

• Green Procurement Guidelines
• Standardized procedures for supplier selection, evaluation, supervision, and review

Climate-Related Risks & Opportunities

Physical Risks

• Frequent extreme weather
• Prolonged periods of extreme heat

Transition Risks

• More stringent government policies for decarbonisation
• Intensified competition in green building construction

Opportunities

• Improved resource efficiency
• Advancement in green building technologies

Reporting Standards

Frameworks Used: HKEX ESG Reporting Guide

Certifications: ISO 45001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 9.4
• SDG 11.1
• SDG 13.1
• SDG 8.8

Initiatives align with targets related to sustainable infrastructure, affordable housing, climate resilience, and safe working environments.

Sustainable Products & Innovation

• Green building technologies and practices

Awards & Recognition

• Best Building Design at the 2022 Autodesk Excellence Awards (Kwu Tung Project)