We are committed to developing safe and quality buildings that are of lower environmental impact, climate-resilient and adaptive and conducive for the health and well-being of users and the community. Where possible, we aim to achieve BEAM Plus Gold-level or above certifications for new projects in Hong Kong and LEED Gold-level or above certification for new K11 commercial/retail projects in Greater China. We also consider the China Green Building Evaluation Label (“Two-Star” or above) for projects in the Mainland and WELL Building Standard (any level) where possible.

To strive for higher energy efficiency in our properties, we implement various equipment improvement measures. These include chiller system enhancement, building management system (BMS) upgrades and the installation of sensors and energy valves. Additionally, we have deployed various building energy monitoring systems in over 30 of our properties in Hong Kong and the Mainland, and we will continue to do so to maximise onsite energy-saving.

To further reduce carbon at the Paris Agreement level, we developed a Renewable Energy Roadmap, which charts a path towards adopting renewable energy across our core property business. We will continue to look for opportunities to increase our investments in renewable energy on our premises and offsite. We harvest solar, wind and other types of renewable energy to support the transition towards a low carbon future.

NWD commits to science-based targets (SBTs) that align with 1.5°C pathway and has committed to reaching science-based net-zero by 2050. We perform regular energy audits and retro-commissioning on existing buildings to reduce our utility consumption. We’re investing in green buildings and increasing our investments in renewable energy, onsite and offsite.

Advancing Net Zero is a global project working towards the total decarbonisation of the building industry by 2050. In light of this ambition, we pledged our support to the Hong Kong Green Building Council’s relevant initiative. We will monitor recommended best practices to achieve the goal for all buildings to operate at net-zero by 2050.

NWD has launched an Internal Carbon Pricing (ICP) Pilot Programme, adopting a shadow price approach to integrate carbon considerations into selected business activities. The pilot incorporates Scope 3 emissions into cost-benefit analyses and was developed with reference to peer benchmarks, existing carbon pricing mechanisms, and long-term scenarios from the International Energy Agency (IEA) and Network for Greening the Financial System (NGFS).

The programme is designed to embed climate-related issues, including carbon costs, into operational decision-making. By promoting lower-carbon opportunities and alternatives, it helps build internal capability in carbon pricing while supporting broader strategic, regulatory, and climate-related objectives over time.

We will continue to monitor the pilot’s effectiveness and assess opportunities to expand the programme to broader scopes and additional BUs over time.