Value Created for
Environment
Beyond compliance, the Group aims to continually improve the environmental performance of our properties and operations. Through optimizing resource efficiency, acting on climate change and leveraging innovative solutions, the Group seeks to contribute to building sustainable cities and communities.
Value Created for
Environment
Achieved around 7.27% reduction of electricity consumption intensity among our EOC-monitored buildings1 from 2019/20
Awarded up to
108
green-building-related certificates2
Built an
extensive renewable energy network
at our properties and construction sites
Signed two largest
sustainability-linked loan facilities among the real estate sector in Hong Kong
Progress of Key Environmental Targets
Progress was on track with our 10-year targets against key environmental goals established last year.
Emissions: A decrease of around 25.3% of the scope 1 and 2 GHG emissions intensity of EOC-monitored buildings from 2019/20
Energy: A decrease of around 7.27% of the electricity consumption intensity of EOC-monitored buildings from 2019/20
Water: A decrease of around 3.8% of the water use intensity of EOC-monitored buildings from 2019/20
Waste: Around 97% annual diversion rate of construction waste in Hong Kong construction projects within the reporting scope
The Group will closely monitor our environmental performance and work progressively to achieve the targets.
Transition to Low-Carbon Economy
We take actions to respond to climate emergency and bring influence on the industry. We have strengthened our climate change management and disclosures with reference to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). We committed to expanding our green building portfolio. 95 projects in Hong Kong have been awarded 108 green-building-related certificates. Over 95% (by total gross floor area) of our ongoing construction sites are registered with BEAM Plus.
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Promoting Renewable Energy
We believe the gradual adoption of renewable energy help to create low-carbon communities. As of June 2022, around 33 solar PV systems had been installed in our buildings as well as construction sites. Furthermore, we actively participate in the CLP’s Energy Feed-in Tariff scheme and our subsidiary Hong Yip also committed to purchasing renewable energy certificate from CLP for the office for the next 10 years to create carbon-free green office.
Supporting Sustainable Finance
SHKP seizes the ESG finance opportunities. During the reporting year, the Group signed two sustainability-linked loan (SLL) facilities with leading international and local banks. Both the first and the second SLL broke previous records in Hong Kong real estate sector at the respective time. The successful formation of SLL facilities strongly demonstrates our continuing commitment to pursuing sustainable development as well as the strong support from the banking community for our sustainability initiatives.
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- EOC-monitored buildings are SHKP's major investment properties in Hong Kong managed by the Energy Optimization Committee (EOC).
- Green-building-related certificates include the BEAM Plus new and existing building certificates (both comprehensive and selective scheme), LEED or BREEAM certificates received by projects under development and properties owned or managed by SHKP in Hong Kong.