Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced carbon emissions by 12.8% at HQ year-on-year
• Reduced energy consumption by 1% at HQ year-on-year
• Reduced waste intensity by 9.1% at HQ year-on-year
• 8 Bay East achieved precertification in LEED® Platinum and provisional assessment in BEAM Plus Gold.
• One Bay East and One HarbourGate were awarded LEED® Gold certification.
• HPML achieved a 3.5% reduction in overall energy consumption compared with 2015, saving approximately 1,344,500 kWh.
• HPML reduced carbon emissions in managed properties by 912 tonnes year-on-year.

Social Achievements

• Project WeCan expanded by seven supporting partners, one school and an additional 1,000 student beneficiaries.
• Community Chest Wheelock Swim for Millions saw a 27% increase in participating teams and raised over HK$4 million for youth services.
• Employee turnover rate of 17% was lower than industry average.
• Invested 2,140 hours of training, or an average of 5.12 hours per employee.

Governance Achievements

• Established a formal CSR management structure consisting of a CSR Committee, steered by senior management.
• Invited the ICAC to provide two talks to our staff and other anti-corruption training. There were no cases of corruption reported in 2016.
• High proportion of independent directors on our Board, and 15% of Board members being female.

Climate Goals & Targets

Environmental Challenges

• Did not achieve the target to reduce construction waste by 1% in 2016 due to difference in project construction stage and the absence of demolition waste which is usually recycled.
• Most of the waste in property management business is generated by tenants and residents and is therefore beyond our direct control.

Mitigation Strategies

• Works closely with contractors and construction workers on site to ensure that waste is diverted from landfill. In 2016, 22.5% of construction waste was recycled.
• HPML’s Green Ambassadors help encourage tenants and residents to adopt the 3R (recycle, reuse, reduce) principles, and HPML facilitates waste separation by providing recycling bins at convenient locations.

Supply Chain Management

Supplier Audits: Regular reviews or assessments are in place to ensure our supply chain partners comply with local laws and our requirements.

Responsible Procurement

• Supplier Code of Conduct covering child labour, forced labour, compensation and working hours, health and safety, discrimination, bribery and corruption.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4 Core, Construction and Real Estate Sector Supplement, HKEx ESG Reporting Guide

Third-party Assurance: Hong Kong Quality Assurance Agency (HKQAA)

Awards & Recognition

• Hong Kong Outstanding Corporate Citizenship Logo – Volunteer Category (7th consecutive year)
• CSR Project of the Year by the Royal Institution of Chartered Surveyors (3rd consecutive year)
• BCI Asia Top 10 Developer Awards 2016 – Hong Kong (5th consecutive year)
• Sustainability Achievement of The Year by RICS
• Best Green Development by China Property Awards
• Best Office Development (Hong Kong & Macau) by China Property Awards
• Best Office Architectural Design by China Property Awards
• Property Guru LOOP Labelling Scheme 2016 – Gold Label (4th consecutive year)
• WWF – Hong Kong Caring Company Logo
• GoHome Awards 2016 – Best Luxury Residential Development & Most Prestige Member Experience
• The Communicator Awards - Website Category - Award of Distinction

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Energy intensity decreased by 6.6% at headquarters and 24% on construction sites.
• Carbon footprint intensity on construction sites decreased by 46% since 2015.
• Waste generation decreased by 64.3% at headquarters and 65.6% on construction sites.
• 8 Bay East achieved LEED Platinum precertification and BEAM Plus Provisional Gold.

Social Achievements

• Increased focus on training, development, and employee wellness, providing over 2,600 training hours (5.5 hours per employee).
• Lengthened full-paid paternity leave.
• Project WeCan empowered over 50,000 under-resourced secondary school students.
• National Geographic Wheelock Youth Photo Competition received over 3,500 entries from 13 countries and regions.

Governance Achievements

• Established Whistleblowing Policy & Procedures.
• 69 employees underwent anti-corruption training.
• No cases of corruption reported in 2017.

Climate Goals & Targets

Environmental Challenges

• One fatal incident occurred at the LOHAS Park Phase 5 construction site due to a worker falling from height.
• Reducing GHG emissions and adhering to energy reduction targets.

Mitigation Strategies

• Suspended all works at LOHAS Park Phase 5 until safety measures were improved. An independent safety consultant was employed for more regular audits and additional safety personnel deployed.
• Implemented a phased replacement program of fluorescent tubes with LED tubes at headquarters, achieving a reduction in electricity usage.
• Refined the construction waste audit process for more accurate data.

Supply Chain Management

Supplier Audits: 99% of procurement budget spent on local suppliers; Supplier Code of Conduct; Supplier Environmental and Social Assessment; prequalification process.

Responsible Procurement

• Supplier Code of Conduct
• Stringent compliance with environmental and social criteria specified in tender documents.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core option, GRI G4 Construction and Real Estate Sector Supplement, HKEx ESG Reporting Guide

Third-party Assurance: Hong Kong Quality Assurance Agency (HKQAA)

Awards & Recognition

• Constituent member of the Hang Seng Corporate Sustainability Benchmark Index
• President’s Award in the Community Chest
• Top 100 Hong Kong Listed Companies Selection
• HSBC Sustainable Living Business Partners’ Award
• Caring Company Logo
• RICS Hong Kong Awards
• BCI Asia Top 10 Developer Awards
• The CIOB (HK) Construction Manager of The Year Awards
• LOOP Labelling Scheme Gold Label
• Good MPF Employer Award
• Capital and Capital Weekly Awards
• 2017 – 2018 Hong Kong Outstanding Corporate Citizenship Logo
• RICS Awards Hong Kong Property Management Team of the Year
• Hong Kong Awards for Environmental Excellence
• Best Property Safety Management Award
• The 16th Hong Kong OSH Award
• Good Housekeeping Award
• The 9th OSH Employee Award Scheme

Environmental Metrics

ESG Focus Areas

• Environmental performance
• Youth development
• Art development
• Community investment
• Occupational health and safety
• Innovation

Environmental Achievements

• Reduced total energy consumption at Wheelock headquarters by 9.9% compared to the 2015 baseline year.
• Reduced energy intensity at Wheelock headquarters by 28.9% compared to the 2015 baseline year.
• 100% of construction floor area in the entire portfolio certified with BEAM Plus standards or under application.
• Four managed buildings received ISO 14001 certifications.
• Reduced carbon intensity by 38.5% at HQ and 2% at construction sites.
• Reduced waste intensity by 25.2% at HQ and 35% at construction sites.

Social Achievements

• Launched Gallery to support the start-up community, facilitating over 1,000 business meetings and 80 events.
• Project WeCan Phase III reached 76 schools, 68 partners, and benefited over 66,000 students.
• National Geographic Wheelock Hong Kong Photo Contest received over 4,000 entries.
• Zero work-related fatalities.
• Average training hours per employee increased to 6.7 hours.

Governance Achievements

• Introduced a new project safety manual at WPL.
• No reports of corruption incidents.
• 100% of direct employees received performance reviews.
• Four managed sites of HPML received ISO 45001 certifications.

Climate Goals & Targets

Environmental Challenges

• Climate change risks to buildings
• GHG emissions from construction activities
• Waste generation from construction mock-ups
• Maintaining high OHS standards across construction sites

Mitigation Strategies

• Conducting microclimate studies for projects to enhance building resilience.
• Striving for BEAM Plus Gold and LEED Gold certifications.
• Tracking and monitoring indirect (Scope 3) GHG emissions from construction activities.
• Using VR technology to reduce the need for physical mock-ups.
• Developing a new Project Safety Manual and implementing rigorous site safety practices.

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct
• Prioritizing suppliers with ISO 14001 and OHSAS 18001 certifications
• 99.8% of procurement budget spent on local suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Reporting Standards

Frameworks Used: GRI Standards: Core Option, GRI G4 Construction and Real Estate Sector Disclosures, HKEx ESG Reporting Guide

Certifications: ISO 14001 (4 managed buildings), ISO 45001 (4 managed buildings)

Third-party Assurance: Hong Kong Quality Assurance Agency (HKQAA)

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 11 (Sustainable Cities and Communities)
• Goal 13 (Climate Action)
• Goal 4 (Quality Education)

Environmental and social initiatives support these goals.

Awards & Recognition

• Various awards listed on pages 53-54