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Nan Fung Group is delighted to present its latest sustainability report – SEWIT Report 2023-24.

As the Group celebrates its 70^th anniversary in 2024, Nan Fung continues to uphold its core value of “Do Good and Do Well, with Love” across businesses, demonstrating a steadfast commitment to creating a more sustainable and prosperous future. 

In 2022, Nan Fung established “SEWIT”, a sustainability framework for the entire company that engages all stakeholders around five strategic pillars: Social Cohesion, Environment, Wellness, Innovation and Technology. The Group has since then accelerated its efforts in weaving new dimensions of environmental and social impact. 

Social Cohesion
For the first time, the Group is reporting its social value creation with third-party verification, generating or facilitating a total of HK$24.3 million and over £939,000 worth of social value in Hong Kong (2023-24) and London (2022-24) respectively. 

Environment
Nan Fung has also accelerated its decarbonisation efforts. In February 2024, the near-term and long-term science-based targets (SBT) for Nan Fung Hong Kong property portfolio were validated and approved by the Science Based Targets initiative (SBTi), establishing the long-term decarbonisation goals for the Group that are in line with the Paris Agreement. 

Wellness
The wellbeing and safety of everyone involved with Nan Fung are paramount. This year, the Group enhanced its wellness coverages, including expanded physical and mental health insurance coverage and comprehensive health checks. The first Group-wide Wellness Survey was also conducted to gather feedback to improve its internal wellness initiative “SEWell Programme”, incorporating an impact mindset into the programme design whenever possible.

Innovation
Innovation lies at the heart of the Group's sustainability strategy. Notably, 21% of the tenants across the Group’s major Hong Kong properties have committed to the tenant-landlord engagement programme “Net Positive Lease”. During the reporting period, the first Group-wide Hackathon was also conducted, generating innovative ideas with tangible follow-up.  

Technology
Nan Fung recognises the pivotal role of technology in shaping the future of the industry. The Group has launched an integrated data management platform and a tenant portal for major commercial properties in Hong Kong, providing tenants with real-time utility and sustainability data to enhance data transparency and accuracy.  

Welcome to read the report and share your feedback with Nan Fung Group at [email protected].