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Sustainability at our heart
We’re in a unique position; able to think long term, put people first, and act for the good of the community. This kind of sustainable approach is in our DNA at Chinachem.
Donald Choi, Executive Director and CEO - Chinachem Group
The impact we can make
Our independence from public or family ownership, puts Chinachem in the privileged position of being able to place the welfare of our community at the top of our priorities. Therefore, it’s vital to take a sustainable approach to everything we do.
• That means working harder to conserve resources and reduce emissions.
• It means creating greater opportunities for those who work for us, and improving how we look after those we serve.
• And it means enhancing the future of the communities around us, changing their lives for the better by sharing the value we create.
Creating places with heart
As a community focused developer, we create places where people congregate and enjoy shared experiences. And these venues for work, life, and play, must have sustainability and liveability woven into them from the core, because at Chinachem we build for the long term. And our future requires fresh perspectives.
For example, more than a quarter of Hong Kong’s population will be over 60 by 2033, with the city’s median age climbing to 49 years old. That means a new approach to the places we create, taking the changing needs of our community into account.
We cannot achieve this alone though. That’s why we’re committing more and more energy to bring our stakeholders, suppliers, and financiers along with us on this sustainable journey.
ESG meets PPP
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Societal expectations over the last decade, have led to the emergence of ESG (Environmental, Social, and Governance) as a means of benchmarking companies’ policies and operating procedures. And whilst non-financial in nature, experience globally has proven that paying attention to, and investing in, the non-financial factors of ESG, is a route to higher levels of value creation.
Chinachem is acutely aware of the significance of this link, and that’s why since 2019, it has placed ESG values on an equal footing to profit. We refer to this triple bottom line approach as the three Ps; People, Prosperity and Planet.
Sharing stories of success
In an industry that takes years to go from concept to completion of a project or product, the pace of progress can seem slow on the outside, with foundational improvements often taking a long time to work through the system to the user. Therefore, we’re working very hard to bring all of our stakeholders on this journey with us, not just to share in our wins, but also to encourage participation and support from them. Yes, reports and metrics are vital for tracking progress. But telling the stories of lives that are improved, processes that are optimized, and waste that is reduced, are vital incentives to all our colleagues, partners, investors and collaborators.
Learn a little more about what we’ve been achieving
Chinachem Group 2020-2021 Sustainability Report
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Chinachem Group’s second sustainability report recognises achievements to date, but more importantly challenges the company, its employees, partners and stakeholders to rally around a series of more ambitious goals for the short, medium and long term future.
Whilst we are not required to undertake any formal ESG or environmental reporting, we remain committed to producing an annual audited report in line with the Global Reporting Initiative standards to track our progress.
Environmental awards and accolades
These types of recognition are especially meaningful to us, because they represent long lasting and tangible benefits for the communities that surround us. Alongside reaching and exceeding the standards set by national and international bodies, we as a company also define benchmarks for our partners and suppliers to attain. Our Green Procurement Guidelines and Sustainable Building Policy ensure we’re only doing business with like minded parties.
There are more stories to share about this exciting journey
These are the people that make Chinachem special, our colleagues, our stakeholders, our tenants, and the myriad of individuals and organisations that support our supply and value chain.
So much more than bottom line performance, prosperity is governance, our management of future risks, green funding alternatives, innovation, efficiency and the optimization of our business.
We all know now how critical it is to protect our planet. We’re facing these challenges head on, seeking to improve or eradicate waste, contamination and inefficiencies.