Climate Change Data

Chuang’s Consortium International Limited

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

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:3,417 tonnes CO2e
Scope 1 Emissions:776 tonnes CO2e
Scope 2 Emissions:2,641 tonnes CO2e
Total Energy Consumption:6,132 MWh
Water Consumption:48,307 m3
Waste Generated:0.037 tonnes
Carbon Intensity:24.13 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
  • Community investment

Environmental Achievements

  • ONE SOHO obtained a “Provisional Gold” rating under BEAM Plus and “WELL Precertification” under the WELL Building Standard.
  • The Esplanade and ARUNA attained a “Final Silver” and a “Provisional Silver” rating under BEAM Plus respectively.
  • Targets to achieve BEAM Plus Silver Rating and LEED Silver Rating for projects at Nos. 16–20 Gage Street and 28 Po Shan Road.

Social Achievements

  • Zero work-related fatalities reported over the past three years.
  • Implemented comprehensive training programs for employees.
  • Donated approximately HK$2,690,000 to various organizations.

Governance Achievements

  • Adopted a new Board diversity policy and a nomination policy.
  • Established an enterprise risk management framework.
  • Implemented an internal control system in accordance with the COSO framework.

Climate Goals & Targets

Short-term Goals:
  • Replace existing lighting with energy-efficient lighting.
  • Upgrade HVAC systems and appliances at Chuang’s London Plaza.
  • Increase the number of properties with green building certifications.

Environmental Challenges

  • Increase in leasing supply from newly completed properties in Central, Hong Kong, making leasing more challenging.
  • Downward trend of mass residential property market.
  • Weak economy in Anshan, Liaoning, resulting in slow business and leasing activities.
  • Closure of main road near hotel complex in Xiamen, affecting accessibility and business demands.
  • Adversely affected performance of bond investments due to unfavorable market condition of the PRC property bond sector.
Mitigation Strategies
  • More flexible tenant selection and tenancy period to maintain competitiveness.
  • Evaluating the best timing to carry out redevelopment.
  • Exploring more marketing ideas on promotion and leasing.
  • Providing concessions to tenants until road access is resumed.
  • Redeeming/disposing and accepting restructuring exchange of certain listed corporate bond investments.

Supply Chain Management

Responsible Procurement
  • Prioritizing greener or environmentally-friendly materials and products.
  • Encouraging contractors to use locally manufactured materials.
  • Using certified wood to avoid virgin forest products and tropical hardwood.

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.

Reporting Standards

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

Certifications: BEAM Plus, WELL Building Standard, LEED