Sustainability Report 2023/24
Intelligent food waste recycling bins engage residents A machine that collects food waste data Resource Utilization We are committed to responsible resource consumption. This includes sustainable sourcing, stringent supplier selection and close monitoring of our procurement practices. We have a 10-year target to optimize water use. 0 0.1 0.3 0.5 0.7 0.2 0.4 0.6 0.8 We have reduced our water consumption by ~ 4.7 % since FY2019/20 Financial year Water Use Intensity of Major Buildings Monitored by the EOC 2 Water use intensity (m 3 /m 2 of total gross floor area) 2019/20 2020/21 2022/23 2023/24 2021/22 0.71 0.75 0.69 0.69 0.67 Our Royal Hotels The Royal Garden collaborated with a startup to install a machine that collects food waste data and establishes a baseline measurement for effective food waste management. Meanwhile, multiple Royal Hotels have joined the EPD’s food waste collection scheme. With the active participation of residents, Wonderland Villas applied to the Recycling Fund to install two intelligent food waste recycling bins. The bins are linked up with EPD’s ‘GREEN@COMMUNITY’ GREEN$ point system, which allows residents to earn bonus points for gift redemption. In 2023, more than 40 tonnes of food waste were collected on the estate, diverting waste from landfills. Water risk is one of the ESG considerations in our group. Our property management business consumes the highest volume of water, followed by construction and hotels. We rely on municipal supply and do not draw from alternative sources. To assess water risk and availability in our portfolio, and incorporate water risk management into our overall business strategy, we conducted a thorough water stress test and analysis, using the World Resources Institute’s Aqueduct Water Risk Atlas tool 12 during the reporting year. Furthermore, we strive to promote water conservation. Some of our managed properties are participants in the Let’s Save 10L Water 2.0 campaign. Meanwhile, 65 of our managed properties have signed the Water Supplies Department (WSD) and Green Council’s ECH 2 O Charter, committing to using water in a conscious manner. 12 The results indicate that none of our operations in Hong Kong have high or extremely high overall water risk. Specifically, all our Hong Kong operations face low-medium baseline water stress levels (10-20%). Sun Hung Kai Properties Limited | Sustainability Report 2023/24 < 42 > Our Reporting Approach Message from the Sustainability Steering Committee Our Business Our Approach to Sustainability Value Created for the Environment Value Created for People Value Created for Customers Value Created for Supply Chain Value Created for Community Appendices
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