Co-driving Impacts with Our Stakeholders
Active collaboration with our key stakeholders, especially tenants and suppliers, is critical in the Group’s sustainability drive. Through working with like-minded partners, we are dedicated to introducing constructive programmes and establishing a standardised mechanism to drive positive changes.
Propelling Tenant Decarbonisation through Green Pledge
The Group launched the Green Pledge to encourage tenants to take environmental actions, such as switching to eco-friendly products, learning more about environmental protection, and communicating with the building’s management about any environmental issues that may arise. Six buildings, including Nina Tower, Chinachem Exchange Square, and Two Chinachem Exchange Square, have installed electricity sub-meters so that the Group can track the total amount of energy used by tenants for calculating carbon emissions of Downstream Leased Assets1.
- Downstream Leased Assets is the Category 13 under Scope 3 emissions, Technical Guidance for Calculating Scope 3 Emissions (version 1.0), Greenhouse Gas Protocol, 2013.
Fostering Sustainable Procurement
As a developer with diverse businesses, we have a complex value chain that inherently impacts the environment, community and economy. We work closely with suppliers and business partners to deliver a responsible value chain while embedding sustainability at every level.
We have diverse policies and procedures, including the Procurement Management Framework, the General Procurement Principles, and the Standard Operating Procedures (SOP) of Procurement to set out systematic purchasing methods. At the same time, each business unit maintains its tailored policy and/ or guidelines. We conduct due diligence and audits to evaluate suppliers’ product/service specification accuracy, price, response time, after-service quality, and operation regions.
We have developed the Sustainable Procurement Guidelines to demonstrate our commitment and provide guidance on incorporating sustainability into our procurement decisions. The Sustainable Procurement Guidelines are established to set out specifications for sustainable product design and construction, which provides a list of recommended green requirements. Departments and business units are expected to adhere to the respective green requirements during the purchasing / design / construction Process.
The Sustainable Procurement Strategy Committee (“SPSC”) is established to govern our procurement practices systematically and effectively. SPSC oversees the sustainable procurement process, steering high-level project directions and yearly objectives, reviewing sustainable procurement strategies, relevant green design and construction requirements, and performance appraisals against the Group’s overall strategy in the annual SPSC meeting.
During the Reporting Period, we commissioned 360 new suppliers to provide products and services. There were 3,475 suppliers, where 3,443 were based in Hong Kong, five were based in Mainland China, and 27 were from overseas. We favour local suppliers because this reduces our carbon footprint and supports the local economy and communities to create prosperity for all.
