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Environment

Reducing Our Carbon Footprint

Transition to a low carbon built environment is a global priority to tackle climate change. Embracing the call for decarbonisation, the Company strives to integrate sustainability into its operations and maximise energy efficiency in the lifecycle of its buildings.

Recycling is an important part of minimising our impact to the environment. Uniforms worn by property management staff of Enterprise Centre at Kerry Everbright City III in Shanghai could not be greener as they are made from recycled polyester. Polyester is a common textile option, and recycled polyester is obtained by melting down plastic bottles for re-spinning into a durable twill after blending it with other natural and recycled materials. The uniforms are thus not only sustainable, but also durable and wrinkle-resistant.

The following charts and data present the Greenhouse Gas (GHG) emissions and energy consumption data within our sustainability reporting scope, which includes our operations with management control in Hong Kong and the Mainland, and excludes hotel and warehouse business. For the calculation standards and methodologies, please visit our Sustainability Report 2020 for details.

*The GHG calculations cover Carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O) and hydrofluorocarbons (HFCs) while Perfluorocarbons (PFCs), sulphur hexafluoride (SF6) and nitrogen trifluoride (NF3) are not applicable.

Establishment of environmental policies and systems

The Group’s core business is property development and management. Recognising the potential impact of our business on the environment, we have put in place governing policies and systems, and have taken action to achieve the highest possible environmental standards across our portfolio. Most importantly, we acknowledge that we need to act now, without delay, as outlined in United Nations’ (“UN”) Sustainable Development Goals (“SDGs”) – Goal 13: Climate Action.

Guided by our Environmental Policy, we act to minimise the potential environmental impact of our development projects and manage the environmental risks throughout the life cycle of our properties. Environmental Management System (“EMS”) was set up in 2009 and has now been extensively adopted by the Group and different business branches in Hong Kong and the Mainland, and certified under ISO 14001:2015.

We established an Energy Management System (“EnMS”) and subsequently certified under ISO 50001:2011. The EnMS is designed to systematically monitor and continually enhance the energy performances of KPL’s Head Office and some of our managed properties in the Mainland. We aim to take forward its implementation and accreditation to include more managed properties in the Mainland.

We are also committed to managing our other social impacts and extending our responsible actions to partners along the supply chain. The Sustainable Procurement Policy Statement, for example, oversees the integration of fair and ethical principles within the procurement process. It is now applicable to all purchasing decisions of the Group.

At the asset level, we are expanding green building certification in our portfolio, including both new and existing properties. Green installations have also been added to properties under our management, such as solar panels on the rooftops, rain harvesting for irrigation, as well as plastic-bottle collection machines and food-waste decomposers.

Combating Climate Risks

We support UNSDG Goal 13: Climate Action and have been working on a long-term mitigation plan to combat climate risks. Therefore we have formulated a Climate Risk Policy to guide the identification and mitigation of climate risks in the Group’s operations, so as to enhance our adaptability and resilience in the face of climate change. By incorporating climate-related risks into our management and internal control systems, we can systematically assess the exposure of our operations and properties to climate change.

We implemented this policy by conducting Climate Risk and Vulnerability Assessments for our major mixed-use properties in Mainland China and Hong Kong to review potential risks, and to explore climate-resilient building measures whenever practicable.

Driving Behavioural Change

The Group hopes to contribute to positive social and green initiatives by participating in relevant organisations. In 2018, we took part in the Green Council’s Sustainable Procurement Charter as a founding member. The charter was designed as a means to develop, document and implement sustainable procurement with reference to ISO 20400.

In early 2019, the Group also committed as one of the signatories of the Business Environment Council’s Low Carbon Charter to setting decarbonisation targets consistent with the direction of transitioning towards the goals of the Paris Agreement.

We also launched various programme to encourage our team members and stakeholders so as to raise their awareness and stimulate behavioural change. We have in place a Sustainability Sponsorship Programme to help raise green awareness among them. In 2020, some 21 properties under our management in Hong Kong received sponsorship from this programme to hold events under the theme of ‘Green and Sustainable Living’.

To drive the behavioral change from within, we launched a Green Wrap Day to get across the message of healthy eating through the creation of delicious Mexican wraps. Our department heads formed a green team to serve our colleagues, who ‘bought’ the wraps by donating to Food Grace in support of its work to build a low-waste, low-carbon-footprint, local network.

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