Climate Change Data

Chuang’s China Investments Limited

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

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:1565 tonnes CO2e
Scope 1 Emissions:146 tonnes CO2e
Scope 2 Emissions:1419 tonnes CO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:2315 MWh
Water Consumption:44614 m3
Waste Generated:Not disclosed
Carbon Intensity:11.54 kg CO2e/m2

ESG Focus Areas

  • Climate change
  • Energy consumption and carbon emissions
  • Green buildings and green finance
  • Employee welfare and benefits
  • Occupational health and safety
  • Corporate governance
  • Supply Chain Management
  • Community Investment
  • Anti-corruption

Environmental Achievements

  • The Esplanade at Tuen Mun, Hong Kong attained a “Final Silver” rating under BEAM Plus
  • ARUNA at Ap Lei Chau, Hong Kong attained a “Provisional Silver” rating under BEAM Plus
  • Participated in the Corporate Green Deposits Scheme launched by the Bank of Communications (Hong Kong) Limited.

Social Achievements

  • Zero cases of work-related fatalities reported over the past three reporting years.
  • Launched an employee referral programme.
  • Various kinds of activities ranging from movie nights, yoga classes to bread-spread-making classes were regularly organized for employees.
  • Donated a total of approximately HK$959,000 to various organizations.

Governance Achievements

  • Adopted a new Board diversity policy and a nomination policy with effect from 1 January 2019.
  • Established a whistleblowing policy and system for employees.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Replacing existing lighting with energy-efficient lighting to reduce electricity consumption and GHG emission.

Environmental Challenges

  • Fall in property market and the rise in interest rate, which led to a decrease in property values.
  • Performance of the Group’s investment in listed corporate bonds was adversely affected by the unfavorable market condition of the PRC property sector.
  • Weak economy in Anshan, Liaoning, PRC, leading to slow business and leasing activities.
  • Closure of the main road where the hotel complex in Xiamen is located, affecting accessibility and business demands.
  • Slow progress of judgement payments in Chengdu.
Mitigation Strategies
  • Identifying suitable opportunities to dispose of investment properties to strengthen financial position.
  • Seeking appropriate strategies to accelerate return from Wisma Chuang investment.
  • Exploring more marketing ideas for Chuang’s Mid-town.
  • Providing concessions to tenants of the hotel complex in Xiamen.
  • Exploring ways to recover investment in Chengdu.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Prioritizing greener or environmentally-friendly materials and products; using materials and products with high reusability and proportion of recycled content; using “greener” alternatives and adoption of, or investment in, energy efficient practices and technologies; encouraging contractors to use locally manufactured materials.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme wind events (typhoon)
Transition Risks
  • Regulatory, technological and market changes resulting from the transition to a low carbon economy.
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: ESG Reporting Guide under Appendix C2 of the Main Board Listing Rules

Certifications: BEAM Plus (Silver)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed