2022-08-17
Sino Land Announces Holistic Decarbonisation Blueprint
Sustainability is integral to Sino Land’s business. It is integrated into all aspects of its operations — from architectural planning and property management to education and exploring green innovations, as the Group seeks to Create Better Lifescapes.
In 2020, the Group unveiled its Sustainability Vision 2030, the blueprint charting the sustainability course towards 2030 and beyond. It entails the Group’s vision in crucial areas such as decarbonisation, climate resilience, renewable energy, plastic reduction, green building and innovative solutions.
In its most recent effort, the Group has unveiled its Decarbonisation Blueprint to achieve net zero carbon by 2050. Following extensive research with HKUST to devise specific decarbonisation strategies, the holistic blueprint focuses on three key areas, namely development, operations and collaboration, with interim targets including –
In addition, climate risk assessment has been conducted to evaluate climate resilience of the Group’s 170 properties in Hong Kong, in alignment with recommendations from the Task Force on Climate-related Financial Disclosure, enabling the Group to make progressive strides towards a more climate resilient and sustainable future.
Sino Land has also signed up to support United Nations Global Compact as well as Business Ambition for 1.5°C and the Task Force on Climate-related Financial Disclosures (TCFD) in 2021, becoming one of the first Asian real estate developers to commit to the global calls-to-action to build a more sustainable future together.
In its most recent effort, the Group has unveiled its Decarbonisation Blueprint to achieve net zero carbon by 2050. Following extensive research with HKUST to devise specific decarbonisation strategies, the holistic blueprint focuses on three key areas, namely development, operations and collaboration, with interim targets including –
- Science-based Target of reducing 53.1% Scopes 1 and 2 GHG emissions per square metre from the 2018 baseline and setting a new target to reduce Scope 3 GHG emissions in line with Science-based Targets Initiative (SBTi) methodology;
- reducing in electricity consumption intensity by 30% from the 2018 baseline;
- conducting climate risk assessments at Sino Land’s wholly-owned new development projects, where applicable, and
- obtaining BEAM Plus Gold or above certification at all of Sino Land’s wholly-owned new development projects, where applicable.
In addition, climate risk assessment has been conducted to evaluate climate resilience of the Group’s 170 properties in Hong Kong, in alignment with recommendations from the Task Force on Climate-related Financial Disclosure, enabling the Group to make progressive strides towards a more climate resilient and sustainable future.
Green transport is another core pillar of Sino Land’s decarbonisation strategies, and the Group is expanding the coverage of EV charging stations at its properties, with a target of over 1,400 installed by end-2022.
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