2022-10-14

Sun Hung Kai Properties issues latest Sustainability Report on ESG performance and climate-related disclosure




 
Sun Hung Kai Properties Limited (SHKP) has published the 2021/22 Sustainability Report, which sets out the Group’s Environmental, Social and Governance (ESG) performance and its latest sustainability initiatives. 

To respond to the global call for climate action, the Group has strengthened its climate change management and from this reporting year has started to make disclosure with reference to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). 

In 2021/22, SHKP signed two sustainability-linked loan facilities with leading banks. Both loans were the largest of their kind for the Hong Kong real estate sector at the time. They demonstrated the banking industry’s trust in and support for the Group’s work on ESG. 

Highlights of the Group’s sustainability initiatives during the reporting year are as follows:
 

Environment
  • Progress was on track with our 10-year environmental targets, including greenhouse gas emissions, electricity consumption, water use and construction waste diversion rate, established last year
  • Awarded 108 green-building-related certificates in Hong Kong as of June 2022. Two IFC became the first building in Hong Kong to be awarded LEED Platinum certification under v4.1 Operations and Maintenance: Existing Buildings during the reporting year
  • Building one of the city’s largest solar-energy generation networks
 


Building an extensive renewable energy network – solar panels at ICC

 
People
  • Employed 485 people with physical or mental disabilities, and 755 people of ethnic minorities to provide fair employment opportunities 
  • Delivered around 7,600 classes, seminars and online programmes, totalling more than 216,000 training hours to develop employees’ talents    
 
                                                              
Supporting youth on career development in Hong Kong and the mainland

 
Customers
  • Leveraged smart technologies, particularly 5G network and developed mobile applications, to enhance smart living and property management
  • Newly-launched Go Royal programme of the five Royal hotels has become the largest hotel and shopping loyalty programme in Hong Kong
 
 
Robot team provides and enhances services for residents and other users of properties 

 
Supply Chain
  • Refined the Sustainable Supply Chain Management Guideline to strengthen supply chain management in construction arm. No assessed suppliers were considered to have high sustainability risks
  • Recorded a below industry average accident rate of 10.3 per 1,000 workers at construction sites
  • Employed smart technologies in construction. SHKP became Hong Kong’s first property developer to adopt the Rotational Bridge Launching Construction
 

 
Leveraging technology to add value in construction - the first-ever rotational bridge launching construction at The YOHO Hub

 
Community
  • Supported combat of the fifth wave of COVID-19 by lending two sites for free for community isolation facilities, including the 10-hecture site at Tam Mi, Yuen Long; providing two commercial spaces for community vaccination centres; and donating caring kits for people in need
  • Officially launched United Court in June as Hong Kong’s largest transitional housing project in full operation to date, providing 1,800 units for families awaiting public housing 
 

 
Transitional housing – United Court for underprivileged families


Click HERE to learn more details from Sun Hung Kai Properties’ 2021/22 Sustainability Report.