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HKQAA International Sustainability Forum • Hong Kong 2025: Support the Government’s Roadmap on Sustainability Disclosure, Foster cross-border Cooperation and Green Development

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HONG KONG SAR – Media OutReach Newswire – 30 May 2025 – Hong Kong Quality Assurance Agency (HKQAA) held the HKQAA International Sustainability Forum • Hong Kong 2025 at the Convention Hall of Hong Kong Convention and Exhibition Centre. Mr Tse Chin-wan, BBS, JP, Secretary for Environment and Ecology of the Government of HKSAR; Mr Christopher Hui, GBS, JP, Secretary for Financial Services and the Treasury of the Government of HKSAR; Dr Chen Gang, Acting SG of BRI International Green Development Coalition; and Mr Gao Guosheng, Member of the Party Leadership Group of the Guangdong Provincial Administration for Market Regulation, Secretary of the Party Committee and Secretary General of the Guangdong Intellectual Property Administration are the officiating guest and special guest. In addition, Dr Bernard Chan, JP, Acting Secretary for Commerce and Economic Development of the Government of the HKSAR, officiated the Thematic Forum – Pathways to the Sustainable Development of the Silver Economy; and Mr Wei Dunsheng, Deputy Mayor of Nanping Municipal People’s Government, Fujian Province, officiated the Thematic Forum – Shaping a Sustainable and Livable City: Green Industry, Shared by the World.

Linked policymakers and business leaders to explore green opportunities and low-carbon transition of the BRI

Sustainable development and low-carbon transition have become a global topic of concern, receiving significant attention from both the business and financial sectors. The Forum invited local and overseas political and business leaders, experts and academics to share their experiences and insights. In the Morning Forum – Seizing Green Finance Opportunities in the Low-Carbon Transition of the Belt and Road Initiative and the Greater Bay Area, the special guest speakers included Dr Zhang Jianyu, Chief Development Officer of BRI International Green Development Coalition; Mr Riyadi Suparno, Executive Director of Tenggara Strategics (speaker from Indonesia); Mr Ronnie Tham, Partner at Treo Capital (speaker from Malaysia); and Mr Leo Horn-Phathanothai, Founder and CEO, Just Transitions Incubator (JUTI) (speaker from Thailand).

“We took the lead in launching the Green Finance Certification Scheme in 2018 to help enable Hong Kong to leverage its strengths as a Belt and Road investment and financing platform to attract international capital and boost Belt and Road development. Moreover, we have forged a cooperative relationship with BRI International Green Development Coalition, which is jointly initiated by Ministry of Ecology and Environment of our country and international organisations. We aim to promote exchanges and mutual recognition of carbon standards with BRI countries, strengthen capacity-building training, and foster closer green cooperation,” said Ir C. S. Ho, Chairman of the HKQAA.

In the Afternoon Forum – Implementing Sustainable Development and Climate Financial Disclosure, the special guest speakers included Representative of Beijing Municipal Finance Bureau; Ms Janey Lai, Chief Executive Officer, The Accounting and Financial Reporting Council; Mr Leng Bing, Member of the International Sustainability Standards Board (ISSB); Prof Liu Yifang, Director, Sustainable Standards Research Center, Central University of Finance and Economics, Professor and PhD Supervisor of School of Economics.

Climate Impact GPS Campaign: supporting the Government’s roadmap on climate disclosure

HKQAA announced on the event that it took the lead in launching the HKQAA Climate Impact GPS Campaign earlier this year in support of the sustainability disclosure policies of our country and the HKSAR Government. This initiative aims to engage organisations, including the banking sector and the listed companies, in building capacity to address climate-related risks and opportunities so as to well prepare required climate-related financial disclosures by offering industry-based technical guidance, workshops and software tools, including the scope 3 greenhouse gas emissions calculation tool.

The Campaign is open to organisations at no cost, and nearly 90 participating organisations that joined the Pilot Program were recognised on a presentation ceremony in the Afternoon Session. Participating organisations of the Pilot Program gain prior access to preview relevant industry-based technical guidance, as well as participate in workshops and use the tools.

In terms of promoting professional talent development, HKQAA is honoured to be invited to cooperate with the Beijing Municipal Finance Bureau on a sustainability information disclosure pilot and training project, helping the country steadily advance the development of its sustainability disclosure standards system. Moreover, a memorandum of understanding was signed at the Forum by Mr P C Chan, Chief Executive Officer of HKQAA, and Prof Karen Cheung, Director of Hong Kong Institute of Education for Sustainable Development. This memorandum aims to jointly promote the establishment and optimisation of sustainable development talent standards in Hong Kong, enhance talent cultivation and the upgrading of sustainable development skills, effectively drive industry-wide sustainable development, and foster Hong Kong and the entire Greater Bay Area as an international centre for sustainable development talent.

”I would like to take this opportunity to thank the HKQAA for its contributions to the development of green finance in Hong Kong. The HKQAA has been participating in the development of international standards for sustainable finance and launched the Green and Sustainable Finance Certification Scheme (formerly called Green Finance Certification Scheme) in 2018. I am delighted to know that the HKQAA also supports the development of a roadmap for sustainability disclosure in our country by contributing to the Beijing Municipal Bureau of Finance and Economy’s pilot project for sustainability disclosure and talent development. At home, it has supported Hong Kong’s own disclosure roadmap by establishing industry-specific climate risk tools to help local businesses prepare for future reporting requirements,” said Mr Christopher Hui, GBS, JP, Secretary for Financial Services and the Treasury, in his remarks via video.

Introducing the Effectiveness and Potential Application of Structural Data Disclosure Model for Sustainability Disclosure

HKQAA introduced a brand-new structural data disclosure model in 2024, named the “Nexus Data Model”. With the meaning of nexus, the objective of the data model is to link material sustainability issues and to connect all stakeholders together. This model is already applied to HKQAA ESG Connect Program, Hong Kong Registration and will be used for other engagement, disclosure or assessment services in the future application.

As the evaluation project leader of this data disclosure model, Professor Zhang Lin, School of Energy and Environment of the City University of Hong Kong, shared on the Afternoon Forum the team’s finding based on data obtained from the HKQAA ESG Connect Program. The results confirmed that the data model effectively encourages businesses to adopt ESG initiatives and disclose progress on ESG, Carbon Action, Climate Response, and CBAM Ready, while strengthening stakeholder connections. Ultimately, it fosters a sustainable ESG Ecosystem, driving long-term ESG development.

Establishing strategic partnership to promote high-quality development in the GBA

On the Forum, under the witness of Mr P C Chan, Chief Executive Officer of HKQAA, and Mr Gao Guosheng, Member of the Party Leadership Group of the Guangdong Provincial Administration for Market Regulation, Secretary of the Party Committee and Secretary General of the Guangdong Intellectual Property Administration, a memorandum of understanding was signed by Mr K T Ting, HKQAA’s Chief Operating Officer, and Mr Lu Yongchi, Chief Operation Officer of The Guangdong-Hong Kong-Macao Greater Bay Area Certification Promotion Centre. This memorandum aims to deepen cooperation in the field of testing and certification, advance the development of the Guangdong-Hong Kong-Macao Greater Bay Area, promote the alignment of regulatory mechanisms between the mainland and the Hong Kong and Macao regions, and support the high-quality development of the Greater Bay Area.

Co-hosting green industry themed forum with the People’s Government of Nanping

Nanping is endeavouring to become the country’s model city of green development, flourishing through its green industries. Co-hosted by HKQAA and the People’s Government of Nanping, Fujian Province, Thematic Forum – Shaping a Sustainable and Livable City: Green Industry, Shared by the World focused on topics of carbon measurement, value of ecological products, and the bamboo industry. Mr Wei Dunsheng, Deputy Mayor of Nanping Municipal People’s Government, Fujian Province, was the officiating guest of the Thematic Forum.

Launched a silver-friendly registration scheme to support the Government’s silver economy policy

The presentation ceremony of the Hong Kong Green and Sustainability Contribution Awards 2025 was held on the event. The Awards aim to encourage companies to incorporate sustainable practices into their management decisions and daily operations, and recognise their efforts and contributions. Organisations and venues from Hong Kong, Mainland China and overseas were honoured.

This year, “Promote High-Quality Elderly Living”, “Promote Silver-friendly Community” and “Promote Halai-friendly Community” categories were newly added to the Awards. The awards of “Promote High-Quality Elderly Living” and “Promote Silver-friendly Community” were presented by Dr Bernard Chan, Acting Secretary for Commerce and Economic Development of the Government of the HKSAR, who also officiated the Thematic Forum – Pathways to the Sustainable Development of the Silver Economy.

HKQAA has been launching various certification and registration schemes in line with government policy directions to continuously enhance the professionalism and recognition of the industry. To support the Working Group on Promoting Silver Economy led by the Deputy Chief Secretary for Administration, HKQAA has introduced the HKQAA Hong Kong Registration – Silver-friendly Series. This series aims to guide enterprises in tapping into the silver market through three main aspects – venues, products and services, while also creating a better living environment for the elderly. HKQAA will continue to promote the registration scheme, encouraging more enterprises to participate and jointly respond to the government’s policy of promoting the silver economy.

“I would like to thank the Hong Kong Quality Assurance Agency for taking the lead in launching the ‘Hong Kong Registration – Silver-Friendly Series’ in support of the Government’s efforts to promote the silver economy. This registration scheme sets out a set of criteria from the perspective of silver consumers, guiding enterprises to enhance their venues, products, and services. I also call on more enterprises to actively take part in the scheme by integrating silver-friendly elements into their daily operations and creating a consumption environment that better caters to the needs and preferences of the silver generation, thereby boosting “silver consumption” and driving economic growth,” said Dr Bernard Chan, JP, Acting Secretary for Commerce and Economic Development, in his remarks.

Organisation’s Sharing on Sustainability Strategies

JEC has been a long-standing ally in Hong Kong’s sustainability efforts, aligning with the 2050 Net-Zero mission by providing innovative sustainability solutions to both public and private sectors for decades. JEC’s AI digital solution and environmental engineering projects deliver real ESG impact, transforming how businesses and cities thrive sustainably. Regarding JEC’s innovations are shaping a more sustainable Hong Kong, JEC’s vision is to pioneer even smarter and more sustainable engineering innovations, making them accessible across Hong Kong and Asia. JEC’s mission contributes to Hong Kong’s 2050 Net-Zero future. JEC looks forward to connecting with all sectors to shape a greener tomorrow.

First, JEDI, JEC’s AI digital solution, optimizes energy and detects faults in buildings. Its algorithms analyze weather forecasts, past energy consumption, equipment pattern and utility bills to build predictive models, ensuring precise energy management. In 2024, JEDI saved over 8 million kilowatt-hJEC’ss and cut over 4 million kilograms of CO2 across grade A commercial buildings, campuses, and transport hubs in APAC. By analysing real-time data, like chiller performance, it slashes energy costs by 8-26%. For instance, in a commercial tower, JEDI’s fault detection reduced downtime, boosting efficiency and meeting BEAM Plus standards.

Next, through working with the government, JEC’s environmental engineering projects strengthen Hong Kong’s sustainability. The Tseung Kwan O Desalination Plant, launched in 2023, uses reverse osmosis to supply ultimately increase to 135,000 million litres, equivalent to around 5% of Hong Kong’s potable water demand. Its solar panels generate renewable energy to account for 16% of total energy usage, reducing grid dependence by 30% and earning BEAM Plus Platinum certification. The Shek Wu Hui Sewage Treatment Works employs advanced treatment technology, enhancing water quality and earning a 2021 HKIBIM Bronze.

At O·PARK2, JEC’s waste-to-energy facility handles food waste daily through anaerobic digestion to create biogas for electricity production. This process contributes to exporting significant amounts of energy annually, powering local households, and effectively reducing greenhouse gas emissions. JEC’s Pilot Biochar Production Plant in EcoPark, Tuen Mun, processes tonnes of woody waste annually to produce tonnes of biochar, reducing emissions and serving as a soil conditioner and pollutant filter.

Hashtag: #HKQAA

The issuer is solely responsible for the content of this announcement.

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From Engineering Feats to Ecological Regeneration, Vinhomes Green Paradise Debuts the ESG++ Framework for Future Cities

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HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 13 January 2026 – For decades, the global map of urban development seemed firmly defined by familiar names. The United States shaped the world’s financial megacities; Dubai astonished the globe with audacious land reclamation projects; Singapore became a benchmark for disciplined, sustainable planning. Within that sweeping current, Vietnam was often perceived as a latecomer, observing, learning, adapting, and steadily refining its own path.

Today, that narrative is shifting. When Vinhomes Green Paradise confidently steps onto the global stage, alongside projects from the world’s most advanced economies, it represents far more than the launch of a new development. It marks a moment when Vietnamese urban thinking moves beyond its domestic context, ready to be assessed, debated, and recognized at a regional and international level.

This is not merely a project announcement. It is a signal of transformation.

When Vietnamese Cities Enter the Global Conversation

Vietnam has, in recent years, earned international recognition through prestigious awards in planning, architecture, and real estate, including the Asia Pacific Property Awards and the International Property Awards. These accolades reflect the growing professionalism and creative capacity of Vietnamese developers, architects, and planners.

Yet Vinhomes Green Paradise occupies a different dimension of aspiration. Its significance does not lie in a single master plan or architectural statement, but in a comprehensive urban philosophy, one where sustainability, advanced technology, and environmental responsibility are no longer supporting ideas, but core drivers placed on equal footing with economic growth.

In this sense, the project signals that Vietnamese expertise has matured. It suggests a readiness not just to learn from the world, but to engage in meaningful dialogue with it, and to contribute original thinking to the global discourse on future cities.

The choice of location is no coincidence. Can Gio is one of Vietnam’s most ecologically sensitive regions, home to more than 75,000 hectares of mangrove forests recognized by UNESCO as a World Biosphere Reserve.

Developing nearly 3,000 hectares in such an environment presents an unprecedented challenge. In a place where ecosystems are delicate and interconnected, any miscalculation could leave irreversible consequences.

Vinhomes Green Paradise emerges precisely within this context. It serves as a comprehensive test of urban knowledge, technological capability, governance capacity, and, above all, environmental accountability. Its implementation demonstrates that Vietnamese enterprises are prepared to meet the most demanding international standards in ecological urban development.

From Urban Project to UrbanNature Ecosystem

What truly distinguishes Vinhomes Green Paradise is not its scale, but its development philosophy. The project is not positioned as a conventional modern township. Instead, it is conceived as an integrated urban–nature ecosystem, where human life and the natural environment coexist in a state of long-term balance.

Green infrastructure, smart-city technologies, renewable energy systems, digital governance, and ecological restoration are woven into a single, unified framework. Globally, only a handful of pioneering cities, such as Masdar in the United Arab Emirates or Songdo in South Korea, have pursued such an integrated approach at scale.

The emergence of Vinhomes Green Paradise signals that Vietnam is no longer standing at the periphery of this movement. It is entering the arena with the confidence to participate, and potentially to lead, in the global race toward sustainable urban futures.

ESG++: Beyond Sustainability Toward Regeneration

While ESG (Environmental, Social, Governance) principles have become a global standard, Vinhomes Green Paradise advances the concept further through an ESG++ framework, adding two critical dimensions: Regeneration and Resilience.

Rather than expanding by consuming natural resources, the project prioritizes ecological restoration, aiming not merely to minimize harm, but to actively return value to the environment. The vision is of a city that can generate its own energy, treat and reuse its wastewater, and maintain ecological equilibrium over time.

Urban experts increasingly agree that such models are essential in an era of climate change, particularly for coastal cities facing rising sea levels and extreme weather. In this context, Vinhomes Green Paradise contributes to defining a new benchmark for sustainable coastal urbanism, not only in Vietnam, but globally.

Building a megacity in an environmentally sensitive coastal zone demands deep interdisciplinary expertise, spanning geology, hydrology, ecology, materials science, and energy systems. The financial and technological investments required are immense, and few developers are willing, or able, to assume such complexity and risk.

It is within this demanding framework that the involvement of AOMI Construction Co., Ltd., becomes particularly significant. AOMI is the owner of the K-DPM soil solidification technology, one of the world’s most advanced solutions for soft-ground and land reclamation projects.

Drawing from Japan’s extensive experience as an island nation with limited land resources, Mr. Okori Katsumi, a Japanese expert, representative of AOMI Construction Co., Ltd., explains: “Japan has long faced constraints in land availability. For decades, we have turned to the sea, creating airports, urban spaces, and new living environments through carefully engineered land reclamation.”

Traditional methods, such as mixing cement directly with soil, revealed critical limitations in scale and transportability. K-DPM technology was developed to overcome these barriers by using high-pressure air to move and solidify large volumes of dredged material, reducing construction time while minimizing environmental impact through reduced reliance on sand extraction.

From Engineering Feats to a 21st-Century Symbol

Japan’s experience in land reclamation has consistently emphasized environmental protection, using containment barriers to limit water turbidity, and applying strict standards for pH levels and material compatibility with surrounding ecosystems. These principles are now being adapted and elevated in Can Gio.

For Vingroup, Vinhomes Green Paradise is not its first venture into coastal engineering. In 2017, the VinFast manufacturing complex in Hai Phong, over 60% of which involved land reclamation, was completed in a record 21 months, setting new benchmarks for speed and technical execution.

In Can Gio, the challenge has been taken further. The project benefits from consultancy by Dutch experts, representing a nation globally renowned for water management and land reclamation expertise. The objective extends beyond structural durability to the comprehensive preservation of indigenous ecosystems over the long term.

If land reclamation once astonished the world through icons like Palm Jumeirah in Dubai, Vinhomes Green Paradise seeks to redefine that legacy through a fundamentally different philosophy: Respect for nature and ecological regeneration.

This ESG++ megacity is more than proof of advanced engineering capability. It stands as a symbol of Vietnam’s national vision, one that looks toward the ocean not as a frontier to conquer, but as a partner in shaping resilient, future-ready cities.

Ultimately, Vinhomes Green Paradise is not simply a real estate development. It is a declaration of aspiration and confidence, a statement that Vietnamese urbanism has entered a new era, where healing people and healing nature are no longer separate goals, but a shared mission for sustainable progress in the 21st century.

Hashtag: #Vinhomes

The issuer is solely responsible for the content of this announcement.

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HDBank completes issuance of US$100 million green bonds to international investors

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HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 12 January 2026 – Ho Chi Minh City Development Commercial Bank (HDBank, ticker symbol: HDB) has successfully issued a second tranche of international green bonds worth US$50 million to the Dutch Entrepreneurial Development Bank (FMO) and British International Investment (BII), the UK’s development finance institution and impact investor, completing its $100 million international green bond initiative in 2025.

HDBank’s international green bond programme strengthens funding diversification and supports sustainable, green and inclusive finance initiatives in Vietnam.

The announcement was made at “The USD100 Million Green Bond Issuance Disclosure Ceremony” recently held between HDBank and its green bond investors including FMO, BII and the International Finance Corporation (IFC) – a member of the World Bank Group in the presence of the Deputy Consul General of the Netherlands and representatives from the British Consulate General in Ho Chi Minh City.

The bonds included $30 million privately issued to FMO and $20 million to BII. The first tranche was issued to IFC, which facilitated the participation of FMO and BII in the second tranche.

The bonds have a three-year term, are non-convertible and unsecured and issued without warrants.

Nguyen Huu Dang, HDBank’s CEO, said: “Sustainable development goals lie at the heart of HDBank’s strategy, which is centred on delivering the best value for customers, partners and the community. This international green bond initiative marks an important stepping stone on our journey towards achieving those goals.”

The issuance help diversify HDBank’s funding sources, support its sustainable growth strategy and create a foundation for it to continue attracting additional international capital for green finance, sustainable development and inclusive finance initiatives in Vietnam.

This, in turn, helps customers access capital to deploy solar energy projects, electric vehicles, green buildings, and other energy-saving solutions.

Projects financed by the green bond proceeds must undergo rigorous screening, meet environmental and social risk management requirements, and comply with eligibility criteria under the Bank’s Sustainable Finance Framework. These projects are expected to reduce approximately 102,000 tons of CO₂ over 10 years, improve environmental quality and contribute to Vietnam’s Net Zero 2050 commitment.

Weichuan Xu, IFC’s lead for the Financial Institutions Group in Vietnam, Cambodia and Lao PDR, said the issuance marked a significant step in expanding HDBank’s climate finance portfolio and advancing Vietnam’s economic and social progress.

“The funds raised will support projects that foster sustainable industries, generate jobs and strengthen communities,” he added.

Representatives from FMO and BII also highlighted the transaction as a strong signal of the growing readiness and potential of Vietnam’s sustainable finance ecosystem, helping attract more capital for climate-responsible projects.

With this milestone, HDBank reinforces its commitment to sustainable finance and the long-term prosperity of its customers, partners and the community, while expanding its presence on the global financial map.

Hashtag: #HDBank

The issuer is solely responsible for the content of this announcement.

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Hang Lung Enters the Next Phase in Its Sustainability Journey with Ambitious New Targets

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New targets outlined for 2030 following the successful conclusion of the 25×25 sustainability targets

HONG KONG SAR and SHANGHAI, CHINA – Media OutReach Newswire – 12 January 2026 – Hang Lung Properties Limited (SEHK stock code: 00101) (“Hang Lung” or the “Company”) today announces a new phase in its sustainability journey, unveiling 20 refreshed 2030 targets that build on its success in achieving its 25 x 25 Sustainability Targets.

Launched in 2021, the 25 x 25 targets defined Hang Lung’s agenda to the end of 2025 across four priorities: Climate Resilience, Resource Management, Wellbeing, and Sustainable Transactions. The Company has achieved its earlier ambitions, and exceeded targets related to greenhouse gas emissions reduction, renewable energy, and energy efficiency. Establishing such a concrete and robust set of targets also helped the Company develop practices in sustainability innovation and continual improvement.

Building on this success, now with expanded data, greater organizational maturity, and heightened ambition, Hang Lung’s refreshed 2030 targets reflect its position as an industry leader in sustainability.

The 20 targets for 2030 continue to be organized under the four priorities that define Hang Lung’s approach to sustainability, including the below highlights:

  • Climate Resilience: Among the first real estate companies in Asia to have near- and long-term targets fully aligned with the Science Based Target initiative’s Buildings Criteria and its emission reduction pathway (1.5°C). Also, Hang Lung is the first real estate company in Asia to establish a Climate Value-at-Risk target.
  • Resource Management: The first real estate company in Asia to formulate a target for biodiversity net gain (10%) on all new development projects and major renovations, supporting urban ecosystems and enhancing green spaces.
  • Wellbeing: Generate at least HK$40 million in social value through community investments.
  • Sustainable Transactions: Collaborate with tenants representing 25% of our leased floor area through our sustainability partnerships program.

Collaboration across the value chain remains central to Hang Lung’s approach, extending beyond traditional metrics. Hang Lung aims to partner with suppliers and tenants through quantifiable targets to drive progress upstream and downstream. In addition, the Company is committed to supporting innovation in standards development to facilitate impactful sustainability initiatives across sectors and jurisdictions.

Mr. Adriel Chan, Chair of Hang Lung Properties and Chair of the Sustainability Steering Committee, commented: “We are excited to embark on this next phase of our sustainability journey, reflecting Hang Lung’s growing role not just as a leader in sustainability action, but also in sustainability thought leadership. By working closely with partners across our value chain, we are confident that we can deliver on these commitments and continue to foster excellence in sustainable development in Asia.”

Mr. John Haffner, Deputy Director – Sustainability, added: “Over the past several years, we have seen how ambitious targets focus our efforts and help develop a culture of innovation. Building on our achievements and lessons learned, our 2030 targets are sharper and more data-driven, and will help us achieve greater impact in our communities.”

Full details of the 25 x 25 wrap-up and the new 2030 targets will be shared in Hang Lung’s 2025 Sustainability Report to be released in March. The report will provide further insights into the Company’s achievements, lessons learned, and emerging plans to support the refreshed 2030 targets, inviting partners and the wider public to join forces in shaping a sustainable future.

Appendix
Overview of 2030 Sustainability Goals and Targets

Priority 2030 Goals 2030 Targets
Climate Resilience

Reduce carbon footprint in line with science and adapt to a changing climate

1. In-use operational emissions: 56.1% per m2 reduction in scope 1, 2 and 3 in-use operational GHG emissions of owned and leased buildings from a 2023 base year.
2. Upfront embodied emissions: 42% reduction in upfront embodied emissions from a 2023 base year.
3. Renewable electricity: 70% of our landlord’s electricity consumption across the portfolio provided by renewable electricity.
4. Adaptation: 10% reduction in our Climate Value-at-Risk compared to the absence of implemented adaptation measures.
Resource Management

Drive efficient and circular use of natural resources and help regenerate nature

5. Energy Use Intensity: 10% reduction in the landlord’s energy use intensity from a 2023 base year.
6. Operational Waste: 35% recycling of municipal solid waste generated from operating properties.
7. Construction Waste: 90% recycling of construction waste generated from construction sites.
8. Water: 8% reduction in freshwater intensity from a 2023 base year.
9. Biodiversity: 10% biodiversity net gain on all new development projects and major renovations with landscape renovation.
Wellbeing

Foster safe, inclusive and healthy spaces that enhance quality of life for all stakeholders

10. Health and safety: Maintain zero work-related fatalities, serious injuries, and occupational diseases for employees and contractors. Maintain a Lost Time Injury Rate of 1.5 or below for employees and contractors.
11. Indoor air quality: Maintain, more than 90% of the time, PM2.5, TVOC and CO2 levels below levels defined in the RESET Air standard.
12. Employee engagement: Maintain an employee engagement survey rating greater than or equal to the 75th percentile.
13. Diversity: At least 5% of our workforce across the portfolio is comprised of people from diverse backgrounds.*
14. Diversity: Maintain Female-to-Male pay ratio of 1:1; maintain gender balance in management positions.
15. Social impact: Create at least HK$40 million in social value through our community investments.
Sustainable Transactions

Collaborate with key stakeholders across our value chain to advance our sustainability priorities

16. Tenant electricity intensity: Benchmarking provided to 100% of tenants across the Chinese Mainland portfolio and work with tenants towards a 10% reduction in their electricity intensity from a 2023 base year.
17. Tenants: Tenants representing 25% of our leased floor area in applicable Chinese Mainland and Hong Kong properties participate in our tenant sustainability partnerships program.
18. Suppliers: Regularly conduct ESG risk screening for 100% of active suppliers and provide ESG assessments for suppliers covering 50% of spending.
19. Procurement: 15% of spending on operational procurement qualifies as sustainable procurement.
20. Standards development: Undertake at least three innovative initiatives in standards development to help accelerate learning and sustainability impact.

* Our definition of diverse background includes people with disabilities and ethnic minorities.

Hashtag: #HangLungProperties

The issuer is solely responsible for the content of this announcement.

About Hang Lung Properties

Hang Lung Properties Limited (SEHK stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong and Shanghai, the Company manages a portfolio of over 3.5 million square meters of retail, office, residential, and hotel properties across Hong Kong and mainland China.
The Company’s diverse portfolio in Hong Kong includes office towers and malls in prime districts, as well as luxury residential developments in prestigious areas. In mainland China, under the signature “66” brand, the Company’s mixed-use and retail developments are regarded as premium landmarks, strategically located in the hearts of key cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan, and Hangzhou.
The Company is recognized for pioneering sustainability in the real estate industry, with an MSCI ESG rating of AA and inclusion on CDP “A List” for Climate Change. The Company powers 80% of its operating properties in the Mainland with renewable energy, with a net zero commitment by 2050.
At Hang Lung Properties – We Do It Well.
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