Accelerating Low-carbon Transformation

The Group has acted rapidly and decisively to combat climate change and push forward our decarbonisation efforts. These actions include the establishment of carbon reduction targets validated by the Science Based Targets initiative (SBTi); the adoption of the Modular Integrated Construction (MiC) technique in a development project; revision of a previous decarbonisation plan to the “Chinachem Group Carbon Reduction Roadmap – CCG 3050+” (CCG 3050+); purchase of Renewable Energy Certificates (RECs), feasibility study to identify energy reduction opportunities, etc.

During the Reporting Period, the Group procured 35,250 kWh of Renewable Energy Certificates (“RECs”), demonstrating our commitment to renewable energy initiatives. Going forward, we will continue to seek out opportunities to partner with third-party energy providers and local organisations in Hong Kong and Mainland China to further expand our impact. In addition to the purchase of RECs, our concerted efforts in energy saving have contributed to a 4.8% reduction in total energy consumption compared to previous year during the Reporting Period.

The Group has accelerated its responses towards climate change. Please see Section Climate-Related Financial Disclosures, of this Report.