Why we take sustainability so seriously
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 prioritize 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, optimize 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.
Across each there are key issues that we are tackling; through the setting of targets, execution of change, and the monitoring of performance.
PeopleThat’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.
ProsperityGet 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 optimization of our business.
PlanetRecognizable 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.
CommunityWe 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:
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.
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.
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.