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