Message from CEO

Purpose Leads the Way Forward

Dear Stakeholders,

In a world characterised by rapid change and growing complexity – from climate risks to evolving societal expectations – purpose provides clarity and direction. At Chinachem Group, that purpose is reflected in our brand promise: Creating Places with Heart. It guides how we grow our businesses, support our communities, and protect the planet for future generations. This enduring commitment shapes everything we do and defines who we are.

As we progress with our CCG 2.0 strategy, we are redefining our role – not merely as a real estate developer and asset manager, but as creators of vibrant, inclusive spaces that connect people across generations. Sustainability remains central to CCG’s vision, influencing every decision, development, and relationship that we build.

A New Chapter: Sustainability at the Core

Sustainability is embedded in our organisation and cascades from the top to the bottom. With governance at the Board level and cross-functional teams driving implementation, we are aligning ESG performance with long-term strategy and risk management.

Our efforts have earned us recognition, including a 5-star rating and a Global Sector Leader from the Global Real Estate Sustainability Benchmark (GRESB) – a strong endorsement of our ambitions and achievements.

Building Greener, Living Better

We are transforming our built environment to support a greener and healthier future. Currently, 100% of new major projects have achieved Gold or higher ratings in sustainable building certification schemes. In parallel, 97.5% of our existing buildings are green-certified. We are on track to certify 100% of our portfolio, guided by a clear roadmap for smart, future-ready spaces.

Our Green Tenant Engagement Programme continues to reduce emissions and strengthen partnerships across our ecosystem. To date, over 100 tenants across the commercial, retail, and residential sectors have joined the programme, collectively saving approximately 674,000 kg of carbon emissions, which is equivalent to the annual emissions of 50 standard households in Hong Kong.

Driving Decarbonisation with CCG 3050+

Our “Chinachem Group Carbon Reduction Roadmap – CCG 3050+” has driven significant progress in 2024, achieving a 27.7% decrease from our 2020 baseline. We remain on track to meet our 2030 targets of reducing 51.8% of operational emissions.

We are pushing even further, utilising artificial intelligence and smart technologies to improve energy efficiency, reduce emissions, and upgrade overall asset performance. Building on the pioneering launch of Hong Kong’s first zero-carbon chiller replacement project at Nina Tower, we have planned a range of decarbonisation projects, resulting in approximately 86,000 MWh of energy saving till 2030, equivalent to the annual emissions of around 4,700 standard households in Hong Kong. This investment will enable the replacement of chillers and heat pumps, alongside other critical infrastructure upgrades. At the same time, we are actively working to establish our 2050 net-zero target under the Science Based Targets initiative (SBTi), aligning with the latest standards to support our long-term goal for climate resilience.

We also recognise that climate resilience is closely linked to biodiversity. We have carried out climate-related financial assessments to better guide our mitigation and adaptation strategies. As an early adopter of the Taskforce on Nature-related Financial Disclosures (TNFD), we are integrating nature-positive design into our developments – ensuring that what we build enhances not just urban life, but ecological resilience.

Investing for Long-Term Impact

At CCG, sustainability extends beyond environmental stewardship to encompass social impact creation. Recognising the needs of an ageing population, we support Hong Kong’s silver economy through our acquisition of Pine Care, delivering high-quality elderly care while generating long-term social and economic value. Pine Care exemplifies how we can address urgent community needs while building a sustainable business model.

To fund our sustainability goals, we are the first property developer in Hong Kong to introduce a Sustainable Finance Framework aligned with both the Hong Kong Taxonomy for Sustainable Finance and the EU’s Common Ground Taxonomy, enhancing governance, transparency, and accountability in our financial choices. We also secured Asia’s first triple-themed syndicated loan, combining green, social, and sustainability-linked components, which provides us with capital and accountability tools to ensure a lasting impact.

A Purpose-Driven Future

Our work is far from done. We are moving forward with clarity, conviction, and purpose. We will continue to invest in areas where we can lead, not follow, from elderly care to social impact and climate innovation.

None of this would be possible without the continuous support of our Board of Directors, the dedication of our colleagues, and the collaboration of our partners. I thank you for walking this journey with us.

As we embark on this new chapter, we will continue to deliver long-term sustainable business growth while investing in the betterment of Hong Kong for future generations. Let us lead with purpose. Let us build with heart.

Andy Cheung
Executive Director and Chief Executive Officer
Chinachem Group
December 2025