Climate Change Data

Shun Tak Holdings Limited

Climate Impact & Sustainability Data (2019, 2023)

Reporting Period: 2019

Environmental Metrics

Total Carbon Emissions:335,694 tonnes CO2e (Scope 1) + 84,607 tonnes CO2e (Scope 2)
Scope 1 Emissions:335,694 tonnes CO2e
Scope 2 Emissions:84,607 tonnes CO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:1,262,016,000 kWh
Water Consumption:1,081,934 cubic metre
Waste Generated:8,599.2 tonnes (general waste)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Per employee overall energy use decreased by 18.5% (2018 vs 2014)
  • Per employee GHG emission decreased by 7.5% for scope 1 and 24.2% for scope 2 (2018 vs 2014)
  • Per employee paper use decreased by 34.5% (2018 vs 2014)
  • Cumulative percentage of fuel saved for TriCat vessels is 37.7% (2018 vs 2011)
  • Achieved a 16.0% reduction in greenhouse gas emissions as compared with 2018
  • Reduced an 18.9% in energy consumption as compared with 2018
  • 41.2% cumulative reduction in electricity consumption of offices since 2014
  • 43% cumulative reduction in fuel consumption for TriCat vessels against 2011 baseline
  • Recycled 21,627 cubic metre of greywater

Social Achievements

  • Signed the Racial Diversity & Inclusion Charter for Employers
  • Pledged HK$500,000 to support the youth development project led by the United Nations
  • Total workforce increased by 17% (2018 vs 2014)
  • Accumulated 183,279 hours of training taken by our employees from 2014 to 2018
  • Injury rate decreased by 34% for female employees and 36% for male employees (2018 vs 2015)
  • Average resident / tenant satisfaction rate at property management from 2015 to 2018 is 91.6%
  • Average passenger satisfaction rate at TurboJET from 2015 to 2018 is 93%
  • Average visitor satisfaction rate at Macau Tower from 2016 to 2018 is 89.7%

Governance Achievements

  • Increased membership of the Sustainability Steering Committee from seven to ten

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Decline of business operations of TurboJET impacting GHG emissions and energy consumption
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Annual vendor assessments based on sustainability credentials

Responsible Procurement
  • Green procurement practices
  • Specific sourcing and tendering protocols

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI Standards: Core option, HKEx ESG Reporting Guide

Certifications: Null

Third-party Assurance: SGS Hong Kong Limited

UN Sustainable Development Goals

  • Goal 4
  • Goal 5
  • Goal 6
  • Goal 7
  • Goal 8
  • Goal 11
  • Goal 12
  • Goal 13

Report details how initiatives contribute to these goals

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • BDO ESG Awards 2019 – Best in ESG Award and Best in Reporting Award
  • Hang Seng Corporate Sustainability Benchmark Index (AA rating)
  • Caring Company Logo (14 years)
  • Many other awards listed in the report

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:116,668 + 63,456 = 180,124 tonnes CO₂e/year
Scope 1 Emissions:116,668 tonnes CO₂e/year
Scope 2 Emissions:63,456 tonnes CO₂e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:502,795,000 kWh/year
Water Consumption:854,553 m³/year
Waste Generated:20,600.1 + 218.1 = 20,818.2 tonnes/year
Carbon Intensity:0.039 tonnes CO₂e/m² (property), 0.034 tonnes CO₂e/guest night (hospitality), 0.092 tonnes CO₂e/passenger-km (transportation)

ESG Focus Areas

  • Climate change
  • Energy consumption
  • Water consumption
  • Waste generation
  • Sustainable buildings
  • Occupational health and safety
  • Customer health and safety
  • Labour-management relations
  • Promoting arts and culture
  • Community investments
  • Diversity, equity, and inclusion
  • Employee training and education
  • Regulatory compliance
  • Anti-corruption and ethical business conduct
  • Customer privacy
  • Cybersecurity and data privacy

Environmental Achievements

  • Reduced carbon emission intensity by 38% vs 2017 levels
  • Reduced electricity consumption intensity by 15% vs 2017 levels
  • Reduced water consumption intensity by 33% vs 2017 levels
  • Reduced waste generation intensity by 37% vs 2018 levels
  • NEW BUND 31 achieved LEED Gold certification and a 3-star rating under the China Green Building Design Label
  • A rooftop solar power system at TurboJET generated 315,860 kWh of electricity in 2023
  • Artyzen Grand Lapa and Grand Coloane recycled 75,616m³ of greywater

Social Achievements

  • Donated HK$21,086,368 to charity
  • Supported the publication of Hong Kong Chronicles with a total of HK$10 million donation
  • Collaborated with 136 institutions and NGOs for community activities
  • Participated in 223 community programs serving 9,990 beneficiaries
  • Contributed 3,428 total hours of community service
  • Donated a total of 30 million RMB to support the Asian Fund for Cultural Heritage Conservation
  • Property Management achieved a 97% average resident/tenant satisfaction rate
  • Macau Tower attained a 99% average visitor satisfaction rate
  • Artyzen Habitat Dongzhimen Beijing received a 92% average guest satisfaction rate

Governance Achievements

  • Established a dedicated ESG Committee within Artyzen Hospitality Group in 2023
  • Expanded disclosures on climate-related information based on TCFD recommendations
  • Conducted a group-wide materiality assessment in 2023
  • Implemented a Sustainability Policy, Sustainable Procurement Policy, Supplier Code of Conduct, and Climate Change Policy
  • No significant instances of misconduct or whistleblowing were reported

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce carbon emissions, electricity consumption, water consumption, and waste generation by 10% by 2030
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Extreme weather phenomena
  • The rise in sea levels and average temperatures
  • Stringent laws, policies, and regulations
  • Growing consumer preference for sustainability
  • Heightened scrutiny of sustainable performance
Mitigation Strategies
  • Adopt sustainable building designs
  • Provide trainings and safety measures
  • Optimise energy demand and usage
  • Monitor regulatory changes and environmental trends
  • Perform market research
  • Monitor and review sustainability initiatives
  • Promote use of climate data software
  • Optimise data collection and seek partnerships

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sustainable Procurement Policy
  • Supplier Code of Conduct
  • Prioritising ISO 9001 certified vendors
  • Minimising packaging

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather phenomena
  • Rise in sea levels and average temperatures
Transition Risks
  • Stringent laws, policies, and regulations
  • Growing consumer preference for sustainability
  • Heightened scrutiny of sustainable performance
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI Standards 2021, HKEX ESG Reporting Guide

Certifications: ISO 14001, ISO 9001, ISO 45001

Third-party Assurance: SGS Hong Kong Limited

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Hong Kong ESG Award
  • TVB ESG Awards 2023 – ESG Special Recognition Award
  • 22nd Hong Kong Occupational Safety and Health Award – Safety Management System Award
  • IR Magazine Awards - Greater China 2023 – Best Crisis Management
  • Hong Kong Green Building Council’s Biz-Green Dress Day 2023 – Most Popular Award – Gold
  • Hong Kong Designers Association Brand Design Awards 2023 – Excellence in Best Marketability Award – Macau Tower
  • Macao Green Hotel Award 2022 – Silver Award – Artyzen Grand Lapa Macau and Grand Coloane Resort
  • Asia Pacific Property Awards 2023 – Best Hotel Architecture Singapore – Artyzen Singapore
  • China Real Estate & Design Award 2023
  • MIPIM Asia Awards – Best Hospitality, Tourism and Leisure Project – Bronze Award – NEW BUND 31
  • 10th PropertyGuru Asia Property Awards (Mainland China)
  • 18th PropertyGuru Asia Property Awards Grand Final – Best Mixed-Use Development (Asia) – NEW BUND 31
  • 31st Asia Pacific Interior Design Awards 2023 - Excellence Award – NEW BUND 31
  • World Design Awards 2023 – NEW BUND 31