Climate Change Data

HKR International Limited

Climate Impact & Sustainability Data (2020-04 to 2021-03, 2023-04 to 2024-03)

Reporting Period: 2020-04 to 2021-03

Environmental Metrics

Total Carbon Emissions:55,565.99 tCO2e/year (2020/2021)
Scope 1 Emissions:24,970.59 tCO2e/year (2020/2021)
Scope 2 Emissions:30,558.43 tCO2e/year (2020/2021)
Scope 3 Emissions:36.98 tCO2e/year (2020/2021)
Total Energy Consumption:60,668.44 thousand kWh/year (2020/2021)
Water Consumption:673,504.26 m3/year (2020/2021)

ESG Focus Areas

  • Environment
  • Human Capital
  • Community
  • Value Chain

Environmental Achievements

  • Reduced carbon emissions by 18% compared to 2019/2020
  • Reduced electricity consumption by 6% compared to 2019/2020
  • Reduced municipal water consumption by 3% year-on-year
  • Collected and recycled over 600 kg of Tetra Pak cartons
  • Mansion One project achieved a two-star rating under the Green Building Design Label with 65% energy saving and at least 6.5% reduction in municipal water use.
  • The Sukhothai Shanghai incorporated green features in building design and operations.

Social Achievements

  • Launched a corporate-level Occupational Safety and Health (OSH) Policy
  • Renewed Discovery Bay operation manual with supplementary OSH guidelines
  • Extended maternity leave to 14 weeks with full pay
  • Proportion of female Board members increased by 15% to 33%
  • Up to 40% of middle and senior management are female.
  • 4,423 hours of OSH training provided to employees

Governance Achievements

  • Approximately 452 hours of anti-corruption training conducted for employees and management
  • No cases of non-compliance with anti-corruption laws and regulations

Climate Goals & Targets

Medium-term Goals:
  • Cut relative consumption intensity by 10% by 2029/2030 (energy)
  • Cut consumption intensity by 5% by 2029/2030 (water)
  • Cut emissions intensity by 11% by 2029/2030 (compared to 2018/2019)

Environmental Challenges

  • Increased use of plastics and packaging materials due to changed consumer behavior during the COVID-19 pandemic
  • Increased waste generation due to COVID-19 preventive measures
  • Climate change impacts (extreme weather, flooding)
Mitigation Strategies
  • Adopted a “go flexible, go green” approach
  • Launched various recycling initiatives (e.g., “All-Clean” Beverage Carton Clean Recycling programme)
  • Implemented water-efficient initiatives (e.g., water-efficient devices, grey water and rainwater recycling systems)
  • Developed comprehensive plans to mitigate climate-related risks (e.g., “Sponge City” design concept)
  • Established comprehensive policies and procedures to handle extreme weather conditions

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct
  • Assessment of supplier sustainability performance
  • Incentives for suppliers to enhance sustainability performance
  • Preference for green and non-hazardous products
  • Preference for FSC or PEFC certified paper
  • Encouragement of local sourcing

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather conditions (floods, droughts, storms, heatwaves)
Transition Risks
  • Regulatory changes related to carbon tax, vehicle exhaust, building design standards
  • Investor expectations for climate risk mitigation
Opportunities
  • Reducing energy use and operating costs
  • Developing new business solutions that create value for the environment and society

Reporting Standards

Frameworks Used: HKEX ESG Reporting Guide

UN Sustainable Development Goals

  • Goal 3: Good Health and Well-being
  • Goal 7: Affordable and Clean Energy
  • Goal 11: Sustainable Cities and Communities
  • Goal 12: Responsible Consumption and Production
  • Goal 13: Climate Action

The report details how various initiatives contribute to these goals.

Sustainable Products & Innovation

  • Green building designs (e.g., Mansion One)
  • Energy-efficient appliances and systems

Awards & Recognition

  • “15 Years Plus Caring Company” logo
  • Hong Kong ESG Reporting Awards 2020 - Best ESG Report (Small Cap)
  • Numerous other awards listed in the report

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:67,459.29 tCO2e/year (2023/2024)
Scope 1 Emissions:30,684.63 tCO2e/year (2023/2024)
Scope 2 Emissions:36,590.98 tCO2e/year (2023/2024)
Scope 3 Emissions:183.68 tCO2e/year (2023/2024)
Total Energy Consumption:77,576.95 '000 kWh/year (2023/2024)
Water Consumption:688,713.85 m3/year (2023/2024)
Waste Generated:792,934.39 kg/year (2023/2024)

ESG Focus Areas

  • Environment
  • Human Capital
  • Community
  • Value Chain

Environmental Achievements

  • Reduced NOx emissions by 47% compared to last year
  • Reduced PM emissions by 34% compared to last year
  • Increased non-hazardous waste recycled by 234% compared to last year
  • Increased electric operational vehicles and hire cars in operation
  • Installed 632 solar panels in managed properties, generating 375,370 kWh of lifetime clean energy and saving more than 266,500kg of CO2 emissions

Social Achievements

  • Increased total number of employees who received training by 13%
  • Increased total hours of human rights-related training by 16%
  • Established HKRI Fun Club to enhance employee engagement

Governance Achievements

  • Established a whistleblowing procedure and policy
  • Provided 1,097 hours of anti-corruption training to employees and management
  • Developed a Generative Artificial Intelligence (Generative AI) Policy

Climate Goals & Targets

Short-term Goals:
  • Reduce GHG emissions intensity by 15% by 2029/2030
  • Reduce energy consumption intensity by 10% by 2029/2030
  • Reduce water consumption intensity by 5% by 2029/2030
  • Reduce paper waste intensity by 20% by 2029/2030

Environmental Challenges

  • Increasing frequency and severity of extreme weather events
  • Waste management and recycling
  • GHG emissions throughout the supply chain
  • Potential threat of climate change to business operations and development
  • Data privacy concerns
Mitigation Strategies
  • Established and continuously monitored environmental targets
  • Implemented various building retrofitting projects, expanding the use of solar power, adopting environmentally friendly vehicles, and engaging tenants in water-saving initiatives
  • Upcycled non-hazardous wastes into valuable products
  • Integrated sustainability targets into green financing endeavors
  • Developed a climate change reporting and management framework in compliance with TCFD and IFRS S2
  • Established a robust risk management and internal control system
  • Implemented effective waste management system
  • Prioritised using non-chlorofluorocarbons (CFC)-based refrigerants
  • Established policies and mechanisms to manage value chain and maintain consistency in operations
  • Formulated and implemented measures to ensure data security and privacy

Supply Chain Management

Responsible Procurement
  • Green procurement policy
  • Supplier Code of Conduct
  • Sustainability performance as a consideration in tender evaluation and supplier assessment

Climate-Related Risks & Opportunities

Physical Risks
  • Typhoon
  • Storm Surge
  • Rainfall Flood
  • Sea-level rise
  • Extreme Temperature
Transition Risks
  • Technology
  • Policy & Legal
  • Reputation
  • Market
Opportunities
  • Growing trend of adopting energy-efficient and low-carbon technology
  • Rising prevalence of green or renewable energy adoption
  • Rising market demands for green and sustainable buildings

Reporting Standards

Frameworks Used: HKEX ESG Reporting Guide, TCFD, IFRS S2

Certifications: ISO 14001, ISO 50001, ISO 45001, LEED Platinum, RESET Air Certification

UN Sustainable Development Goals

  • SDG 3.9
  • SDG 4.4
  • SDG 4.5
  • SDG 4.7
  • SDG 5.1
  • SDG 5.5
  • SDG 6.4
  • SDG 6.5
  • SDG 7.3
  • SDG 7A
  • SDG 8.2
  • SDG 8.3
  • SDG 8.4
  • SDG 8.5
  • SDG 8.8
  • SDG 9.1
  • SDG 9.4
  • SDG 11.2
  • SDG 11.3
  • SDG 11.4
  • SDG 11.5
  • SDG 11.6
  • SDG 11A
  • SDG 12.2
  • SDG 12.3
  • SDG 12.5
  • SDG 12.6
  • SDG 12.7
  • SDG 12.8
  • SDG 13.1
  • SDG 13.3
  • SDG 14.1
  • SDG 16.10
  • SDG 16B

The report details how various initiatives contribute to these goals.

Sustainable Products & Innovation

  • Eco-friendly handbags from upcycled materials

Awards & Recognition

  • Numerous awards listed in the report