Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Decarbonization
• Green Buildings
• Employee Well-being
• Community Investment
• Supply Chain Sustainability
• Responsible Procurement
• Biodiversity
• Workforce Diversity & Inclusion

Environmental Achievements

• 17% reduction in electricity consumption intensity by gross floor area (Group-level excluding pubs)
• 54% reduction in electricity consumption intensity (Pub operations)
• 46% reduction in water consumption intensity (Pub operations)
• 54% reduction in GHG emissions intensity (Pub operations)
• Obtained 49 green building certificates
• HK$10.5 billion of sustainability-linked loans obtained
• Submitted science-based targets (SBTs) for property-related businesses to SBTi for validation (46.8% reduction in Scope 1 & 2 GHG emissions by 2030, 42% reduction in Scope 3 GHG emissions by 2030, Net-zero by 2050)
• SBTi validation of near-term SBTs for Greene King (50% reduction in Scope 1 & 2 and Scope 3 GHG emissions by 2030)

Social Achievements

• Launched new policies on anti-harassment, biodiversity, GenAI use, sustainable building, and workforce diversity
• Introduced a new Privacy Management Programme
• Zero work-related fatalities for the past 3 years
• 9,364 lost days due to work-related injuries (9.3% decrease from 2022)
• 343,337 training hours completed (including at least 17,771.35 hours of ESG-related training)
• 100% of Greene King's employees received training; over 85% of the Group's employees (excluding Greene King) received training in 2023
• Greene King organised 32 different apprenticeship options, with over 15,000 apprenticeships completed
• Civitas Social Housing facilitates delivery of significant social impact benefits

Governance Achievements

• Strengthened existing policies on green procurement, cybersecurity, and anti-harassment
• 56% Independent Non-executive Directors
• 31% female Directors
• Improved ESG disclosures aligned with TCFD reporting principles

Climate Goals & Targets

Environmental Challenges

• High cost of sustainable food procurement in Hong Kong
• Data accuracy and collection for Scope 3 emissions
• Increased GHG emissions due to increased business activity post-pandemic
• Increase in hazardous waste due to higher amounts of waste oil and paint and chemical waste generated by brewery activities

Mitigation Strategies

• Choosing local or regional suppliers to reduce carbon footprint
• Implementing a software management system to manage data and track against targets
• Implementing energy efficiency enhancements and promoting behavioural change
• Investing in innovative technologies to improve energy efficiency
• Implementing a closed-loop recycling system for packaging materials
• Adopting sustainable alternatives (e.g., biodegradable straws)

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct
• Green procurement practices
• Sustainable materials sourcing (FSC-certified timber, FSC-certified paper)

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Increased annual mean temperature
• Increased total annual rainfall
• Decreased average wind speed
• Sea level rise
• Increased extreme hot weather
• Storm surge
• Increased extreme cold weather
• Increased dry spell days
• Increased extreme rain days

Transition Risks

• Carbon price increase
• Green building policy changes
• Carbon emissions for building materials
• Greenhouse gas emissions regulations
• Investment in energy efficiency
• Consumer awareness of sustainable living
• Electricity price changes

Opportunities

• Development of greener, more energy-efficient properties
• Reduced energy costs
• Investment in low-carbon technologies
• Sustainable procurement and manufacturing of materials
• Adoption of renewable energy (solar panels)
• Improved brand value through sustainable practices

Reporting Standards

Frameworks Used: SEHK ESG Reporting Guide, TCFD recommendations

Certifications: ISO 14001, ISO 45001, ISO 9001

Third-party Assurance: Independent verification

UN Sustainable Development Goals

• SDG 8.7
• SDG 8.8
• SDG 16.5
• SDG 16.10
• SDG 6.3
• SDG 6.4
• SDG 7.2
• SDG 7.3
• SDG 9.4
• SDG 11.6
• SDG 12.2
• SDG 12.5
• SDG 13.2
• SDG 3.4
• SDG 3.9
• SDG 4.1
• SDG 4.4
• SDG 5.1
• SDG 5.5
• SDG 8.5

The report details how various initiatives contribute to these SDGs.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• NOW Finance – Leadership Business Award 2023
• Hong Kong Economic Journal – Corporate Brand Awards of Excellence 2023
• The Financial Times & Statista – Europe Climate Leaders (Greene King)
• CLP – Smart Energy Award 2023
• TTG Travel Awards 2023 – Travel Hall of Fame (Harbour Plaza)
• Office of the Privacy Commissioner for Personal Data, Hong Kong – Privacy-Friendly Awards 2023
• 2023-2024 Asia Pacific Property Awards
• MCA Hospitality Awards 2024 – Sustainability Award (Greene King)
• The Publican Awards-Best Sustainable Pub Company 2024 (Greene King)