The moment you realise how many lives this company touches on a daily basis, is the moment you realise what a difference we can make to the future.
Thinking differently, and now acting differently.
These days, we’re all aware that our localised actions as individuals, businesses, and communities have global implications for the environment. Our collective goal should be to make our overall impact positive.
Within Chinachem we now look in detail at the environmental consequences of how we’re doing business. We set ourselves demanding annual targets for improvement and have committed to a number of bold initiatives over the longer term.
We’re also aware that, as one of Hong Kong’s largest developers, our responsibilities extend beyond simply being practitioners, to that of influencers too. There’s room for us all to improve our environmental credentials, and we hope that by leading, others will follow.
Putting sustainability into practice
Our Sustainability Report
Our second Sustainability Report is now available. It details the Group's sustainability commitments, management approach and performance in 2020 - 2021, setting out our future sustainability focus areas.
Published under the theme of “Harmonising and shepherding our planet’s elements with heart”, the Report shows how we have upheld our commitment to sustainable development and built resilience and solidarity during the past two years despite the COVID-19 pandemic and other challenges. It also prompts us to reinvigorate our commitment to sustainability and liveability.
Read our Sustainability Report
Our inaugural Sustainability Report details the sustainability commitments, management approach and performance of the Group, including the property management subsidiaries and Nina Hospitality in 2019-2020.
Published under the theme of “Creating a Liveable and Sustainable City”,the Report reflects the Group’s long-standing commitment to shaping a liveable and sustainable community in Hong Kong, as well as our firm belief in the Triple Bottom Line: People, Prosperity and Planet.
Commit to Science-based targets (SBTs)Chinachem Group has been ramping up its sustainability efforts to meet its carbon reduction roadmap. In January 2022, the science-based targets (SBTs) set by the Group were officially approved by the Science Based Targets initiative (SBTi). It has become Hong Kong’s second real estate developer to have completed SBT validation with a 1.5°C-aligned target.
The Group is committed to reducing Scope 1 and 2 operational GHG emissions by 51.8% by 2030 from a 2020 base year, while reducing Scope 3 GHG emissions from downstream leased assets, capital goods and waste generated in operations by 20% within the same timeframe.
First to replace diesel with clean energyFor decades now, construction sites have relied on noisy, dirty, inefficient diesel generators to provide temporary site power. But in a first for Hong Kong, Chinachem have deployed a revolutionary new technology developed by Ampd Energy, a local startup.
Ampd have created the world’s first purpose built construction energy storage system. Its silent, clean power pack delivers an annual carbon emission reduction of 85% against the traditional tech, an impressive contribution to Chinachem’s ongoing sustainability goals.
A smart partnership with CLPProperty technology plays a key role in making existing buildings more energy efficient, and our collaboration with CLP significantly accelerates our efforts to conserve energy and will save a total of estimated 14GWh of electricity for the next five years.
Together we are deploying smart technologies that include metering, energy efficient heat pumps, variable speed drives control, electric kitchen, smart lighting hardware and solar film to manage energy consumption and improve energy efficiency within our flagship building, Nina Tower Tsuen Wan.
Environmental awards and accolades
These types of recognition are especially meaningful to us, because they represent long lasting and tangible benefits for the communities that surround us. Alongside reaching and exceeding the standards set by national and international bodies, we as a company also define benchmarks for our partners and suppliers to attain. Our Green Procurement Guidelines and Sustainable Building Policy ensure we’re only doing business with like minded parties.