In operating our various businesses and pursuing new projects, we believe in enriching the lives of People, driving Prosperity, and protecting our Planet, in order to deliver lasting commercial, social, and environmental benefits.
A shared vision for the future
Why we take sustainability so seriously
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Being one of the largest developers in Hong Kong comes with huge responsibilities. But uniquely, Chinachem is in the privileged position of being able to prioritise the welfare of people ahead of the long list of financial pressures every other company faces. Yes, of course we must always create value, but it must never be at the expense of people or this precious planet we share.
The people of Hong Kong have supported the growth of our business for more than six decades. Our next chapter together, will be one of collaboration. One where we focus on homes that are accessible, develop more places for the community to cherish and share, build in ways that are less costly, optimise our resources, and avoid waste wherever possible. This is sustainability in action. It’s what we do, and we strive every day to get better and better at it.
The decisions we take daily must always be for the long term good, and not just for our employees and stakeholders, but for our community and the wider world too. And we have an ongoing responsibility to continually improve how our organisation performs, ensuring the impact we have is always positive.
Getting this right is our top priority, and through this process, we welcome comment, collaboration, and suggestion.
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People
That’s the people that make us, our amazing 3000 and more employees, our business partners and stakeholders, and the complex community that make up our supply and value chain. -
Prosperity
Get everything right, and we create prosperity. But it’s so much more than bottom line performance; it’s about governance, managing future risks, green funding, innovation, efficiency and the optimisation of our business. -
Planet
Recognisable by all, these are all the environmental challenges and opportunities we face. Climate, waste, sourcing, energy; there are many goals to pursue and efficiencies to seek. -
Community
We reflect the diverse community that surrounds us. Enhancing lives, improving wellbeing, and creating a better future for the people of Hong Kong are key priorities for us.
How we empower change
As a large and
wide-ranging organisation, the first thing we must do is communicate
well. Because success will only be achieved if everyone in the company,
from the grassroots up, understands why we’re on this sustainability
mission.
Therefore, we have recently restructured the way
that we’re managing this critical process. To enable clear
communication, establish well defined roles and responsibilities,
provide rewarding engagement and vital feedback loops, we’ve created a
new ESG governance structure.
Pivotal to a more effective
approach, is the formation of Chinachem’s first dedicated ESG
department. Comprising industry veterans, their deep knowledge and
experience of setting targets, monitoring progress, and ultimately
delivering change, will be vital in meeting the goals we’ve set
ourselves. Already, their expertise has helped organise the tremendous
pool of talent within the Group into more effective working parties.
These ESG sub-committees are now engaged in key activities, tackling
topics in each of our focus areas of People, Prosperity, Planet and
Community.
We’re working hard to align the operations of
our internal business units to our ESG strategies. Here are some of our recent
initiatives:
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Carbon reduction
Decarbonisation of the planet is rightfully on everyone’s lips, therefore one of our most important tasks recently was to establish our own carbon reduction roadmap, 3050+. And alongside this, we have set ourselves plenty of ambitious targets which you can find out more about on our Planet page.
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Mount AndersonFor the last five years, Chinachem and the Chinese University of Hong Kong have been studying the needs of our ageing population. Our research into healthy ageing study has resulted in the creation of a residential design guide that we are now using in the real world, on our multi-generational living development, Anderson Road.
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Central MarketHong Kong has not had the best track record in the preservation of cultural heritage and architecture. But partnerships like the one that’s revitalised the long dormant Central Market prove that there is value and relevance in conserving assets that were traditionally overlooked. More than 700 community events have been hosted in Central Market in the year since its re-opening, welcoming a diverse audience and bringing life and meaning back to this historical venue.
There are many more stories to share about this exciting journey
These are the people that make Chinachem
special, our colleagues, our
stakeholders, our tenants, and the
myriad of individuals and organisations
that support our supply and value chain.
So much more than bottom line
performance, prosperity is governance,
our management of future risks, green
funding alternatives, innovation,
efficiency and the optimization of our
business.
We all know now how critical it is to
protect our planet. We’re
facing these challenges head on, seeking
to improve or eradicate waste,
contamination and inefficiencies.
