Our Sustainability Strategy and Journey

The Group is dedicated to positively impacting society through sustainable practices. Sustainability is fundamental to our business, and we create places where people can live, work and play while benefiting from our commitment to sustainability. We strive to foster prosperity within the community while preserving the planet, as these values drive the long-term value creation and sustainable success for the Group.

Thriving with Our Community and People

Thriving with Our Community and People

Valuing and empowering Our people
Incorporating Diversity, Equity and Inclusion within our culture and services
Offering support and assistance to underprivileged and vulnerable groups within the society
Improving the quality of life for the elderly by promoting their happiness and well-being
Motivating and nurturing the next generation

Enabling a Prosperous Tomorrow

Accelerating the development and widespread implementation of innovative solutions to enhance our capacity to adapt to challenges and opportunities
Integrating Environmental, Social, and Governance (ESG) factors into our decision-making processes to ensure sustainable investments
Enhancing our sustainable financing practices to secure funding for transition to a low-carbon and sustainable economy

Protecting Our Planet

Embracing responsible practices for the ethical and sustainable sourcing of materials
Considering environmental factors and long-term sustainability in the design and development of our projects
Reducing resource consumption in both our development and operations to lessen our environmental footprint and enhance resource efficiency
Adapting our strategies and measures to improve our climate resilience
Incorporating considerations for nature and biodiversity into our operations and new projects

Thriving with Our Community and People

Valuing and empowering Our people
Incorporating Diversity, Equity and Inclusion within our culture and services
Offering support and assistance to underprivileged and vulnerable groups within the society
Improving the quality of life for the elderly by promoting their happiness and well-being
Motivating and nurturing the next generation

Our Sustainability Journey

2024

2024

Acquired D·PARK to enhance synergy with our flagship properties and foster a vibrant community space in Tsuen Wan
Jointly secured Hong Kong’s first-ever 8.8 billion (HKD) green loan for logistics centre development
Registered as an early adopter of the Task Force on Nature-related Financial Disclosures (“TNFD”) to evaluate and report nature-related risks and opportunities

2023

Opened Nina Park, the first and only wood fossil park in Hong Kong, to provide unique edutainment experience to the community
Launched the CCG Hearts loyalty programme to foster community service and volunteerism by rewarding and encouraging members to engage in acts of kindness and good deeds
Partnered with a local energy provider for a 20-year Build-Own-Operate-Transfer (“BOOT”) agreement
Diversified our global portfolio by acquiring Kaleidoscope and One New Street Square, in London, UK

2022

2^nd real estate developer in Hong Kong to receive the Science Based Targets initiative (“SBTi”) validation with a 1.5°C-aligned target, namely the Chinachem Group Carbon Reduction Roadmap - CCG 3050+, a commitment to reduce operational carbon intensity by 51.8% by 2030, compared to the 2020 level
Signed two sustainability-linked loan agreements, totaling 2 billion (HKD)

2021

1^st real estate developer in Hong Kong to apply concrete modular integrated construction (“MiC”) method in a private residential project – ECHO HOUSE
Signed the operation contract for the Central Market Revitalisation Project to create a "Playground for All"
Supported tech ventures in “CCG Accel – Powered by HKSTP” for smart city development and technology pilots
Funded the Lai Chi Wo Story Room to conserve the traditions of Hakka culture

2020

Celebrated 60^th Anniversary and unveiled a brand rejuvenation initiative as a developer of "Places with Heart"
Established a Sustainability Steering Committee and a Sustainability Task Force to spearhead the journey in sustainable development
Released the inaugural Sustainability Report, providing a comprehensive overview of our sustainability performance during the FY2019/20

2019

Established the “CCG 3038 - Strategic Roadmaps and 2019 Sustainability Plan” as a commitment to 38% carbon emission reduction by 2030
Obtained the first green loan for the development project located in Ho Man Tin, Hong Kong – IN ONE
Hosted Chinachem Sustainability Conference 2019 - “Sustainable Neighbourhood: How to Foster Age-friendly Developments”