Sun Hung Kai Properties Releases 2022/23 Sustainability Report on ESG Performance and Climate Risk Assessment Result
Carrier Presents at HKIE Seminar Sharing Practical Implementations for Sustainable Buildings and Chiller Maintenance



HKGBC Delegation to Sydney (4-6 Oct 2023) – Accelerating the Green Building Movement Through Knowledge Exchange and Collaboration!
Enhanced GFA Concession Policy to Foster a Greener Built Environment



Sun Hung Kai Properties Releases 2022/23 Sustainability Report on ESG Performance and Climate Risk Assessment Result

 


Sun Hung Kai Properties Limited (SHKP) recently released the 2022/23 Sustainability Report, which highlights the Group's Environmental, Social and Governance (ESG) performance and its latest sustainability programmes. 

This year, the Group formulated a Decarbonisation Strategy to guide its efforts for low-carbon transition and enhance its climate resilience. SHKP is on track to develop a scope 3 emissions inventory that will enable it to better manage emissions throughout the value chain. The Group also undertook a detailed climate risk assessment, with scenario analysis, and continued to strengthen its disclosure, based on the Task Force on Climate-related Financial Disclosures (TCFD) framework. 

With its continuous efforts and improvement in ESG, SHKP was listed for the first time in the S&P Global Sustainability Yearbook 2023 and S&P Sustainability Yearbook (China).

To view the full Sustainability Report, please visit here.
 
 


Carrier Presents at HKIE Seminar Sharing Practical Implementations for Sustainable Buildings and Chiller Maintenance

 
At the recent Hong Kong Institution of Engineers (HKIE) technical seminar – Best Practice in ESG and Life Cycle Solutions in Chiller Maintenance, Carrier and Environmental Market Solutions Inc. (EMSI), the sustainability consulting firm under Carrier, shared best practices in turning chillers and buildings more efficient and sustainable.

Ms Yifeng XU, Senior Business Development Manager of EMSI, mentioned that adopting energy saving and efficiency systems, optimising IAQ management systems, utilising health and wellbeing design are keys to achieve green building standards.

Mr Marco YAN, Associate Director – Service Operations, Parts & Aftermarket Strategy of Carrier Hong Kong and Macau emphasised the importance of good maintenance practice for advancing net zero carbon operations. Marco also shared real cases on how Abound™ Digital Platform further minimise operational carbon footprint.
 
 
 


 

 

HKGBC Delegation to Sydney (4-6 Oct 2023) – Accelerating the Green Building Movement Through Knowledge Exchange and Collaboration! 


 
After its previous trip to Tokyo in 2019, the HKGBC again organised a study trip this year to engage with counterparts around the globe and create new learning and exchange opportunities for our valued members to accelerate green building development. Sydney was chosen as this year's destination. The HKGBC delegation comprised 36 professionals, which included HKGBC Chairman Dr CHEUNG Tin-cheung, Directors and Secretariat Staff, representatives of the Development Bureau of the Government of the HKSAR, as well as HKGBC Members from developers, consultants, industry associations, material suppliers and legal firms.

 
  
The trip was held on 4-6 October 2023 and visited several renowned 5- to 6-star Green Star rated projects to better understand their best practices and latest technologies:
  • Art Gallery NSW, a revitalisation project of a historic institution into a two-building art museum;
  • Barangaroo, an ambitious urban renewal project transformed from a former container terminal;
  • Bondi Pavilion, an iconic beach-side restoration and conservation project;
  • Parramatta Square, a bustling, diverse community that has fast become a dual CBD;
  • Sydney Olympic Park, the first precinct wholly owned by the NSW Government to achieve a 6-star Green Star rating;
  • Sydney Opera House, the world renowned 6-star Green Star performance venue now celebrating its 50th Anniversary;
  • Sydney Nano, University of Sydney, a world-class building for nanoscale research and education;
  • University of Technology Sydney, a future-focused campus at the forefront of sustainability research.


 
Meetings were also held with the Green Building Council Australia, National Australian Built Environment Rating System (NABERS), Infrastructure Australia, and Infrastructure Sustainability Council. These meetings led to thought-provoking exchanges on current policies, rating tools development, and pathways to carbon neutrality.
 

On 4 October, a splendid Networking Dinner, sponsored by the Sino Group, was hosted by the HKGBC at The Place in The Fullerton Hotel Sydney. A total of 60 Hong Kong delegates and guests from Sydney enjoyed a wonderful dinner at this heritage hotel featuring culinary delights prepared from the best Australian produce, as well as fruitful exchanges and the exploration of new opportunities for potential collaboration.
 


Enhanced GFA Concession Policy to Foster a Greener Built Environment


The Buildings Department announced through the Practice Note “PNAP APP-151” on 28 September 2023 that starting from 30 June 2024, building projects will generally need to obtain a Gold rating or above in order to be eligible for Gross Floor Area (GFA) concessions for green and amenity features. This effectively encourages the industry to strive for Gold or above certification. As for projects rated Silver or Bronze, they will need to meet extra “specific standard(s)” set by the Department to qualify for the GFA concessions. Figure 1 summarises the conditions for granting GFA concessions, while Figure 2 illustrates the revised procedure for gaining the concessions.
 

Figure 1 – Revised conditions for granting GFA concessions
 

Figure 2 – Revised submission procedure


The main changes brought by the revised PNAP APP-151 are summarised below:
  1. The type and version of the BEAM Plus rating tool is now specified to be “BEAM Plus New Buildings (NB) Version 2.0 or above”. This will have a bearing on certain projects such as new data centre buildings. Instead of joining “BEAM Plus New Data Centres (NDC)” alone, these projects may consider participating in the “NB plus NDC: 1+1 Certification” scheme. This not only provides a good discount on Registration and Assessment Fees (see Table 1) but also facilitates the application for GFA concessions.
  2. Projects obtaining “Unclassified” / “Prerequisites Achieved” are no longer eligible to apply for GFA concessions.  
  3. At the time of general building plan submission, the architect of a building development must indicate the project’s target BEAM Plus rating on the drawings.
  4. At the time of applying for consent to commence works, there is no need to submit the result of the Provisional Assessment (PA). Instead, proof of satisfactory submission of the PA credit summary to the BEAM Society Limited (BSL) is required.
  5. Instead of submitting the result of the Final Assessment (FA) after issuance of the Occupation Permit (OP), there is a new submission required at the time of applying for the OP. This is the result of the Compliance Assessment (CA), which is a partial completion of the FA. As a result, the project teams must be aware of the importance of finishing the first stage of the FA in a timely manner and to the required level of rating before applying for the OP. The details of the CA were announced by BSL via its e-news dated 11 July 2022.

Even though the entire GFA concession process does not demand the submission of a BEAM Plus PA Certificate, owners of residential projects must still take note that the PA result is crucial. It is often used to apply for a Green Building Certification Label from the HKGBC, which can then be included in the Sales Brochure of a first-hand residential property. Another use of the PA result is to apply for a green mortgage from local banks. Banks usually demand proof of obtaining a Gold rating under the PA before approving a green mortgage for a residential property.
 

Table 1 – Discounts on the “NB plus NDC : 1+1 Certification” scheme
 
  
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