Green

Moving us towards a greener future

SDG 11.6 Reduce adverse environmental impact of cities

The Group strives to avoid, reduce and, where possible, reverse the causes of climate change across its operations. We achieve this by identifying pressing global environmental issues and using a life cycle approach to minimise impacts across our ecosystem.

Our Green Targets

New World Group – Halve our environmental impact in energy and carbon emissions intensity (against baseline year FY2015*)

50

%

Energy Intensity
(MWh/million HKD revenue)
SDG 11.6

FY2022 Progress: -4%

50

%

Carbon Emissions Intensity
(tCO2e/million HKD revenue)
SDG 11.6

FY2022 Progress: -20%

New World Construction (against baseline year FY2015**)

25

%

Water Intensity
(m3/million HKD revenue)
SDG 11.6

FY2022 Progress: -37%

15

%

Waste-to-Landfill Intensity
(tonnes/million HKD revenue)
SDG 11.6

FY2022 Progress: -56%

* NWS and NWDS disclose their environmental targets in their own reports. Revenue is used as an intensity metric due to the diverse business nature of the Group’s portfolio.

** Covers New World Construction Company Limited only. The disposal of such entity was completed in June 2023.

Areas of Focus

Climate Change Adaptation and Resilience

Climate change poses an unprecedented challenge to human survival. We're paving the way towards a more resilient future by adopting various climate mitigation and adaptation measures as well as aligning our actions with international best practices.
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Energy and Carbon Management

We strive to reduce our carbon footprint throughout our property lifecycle. While we work towards our SV2030 energy and carbon emissions intensity reduction targets, we are also exploring viable ways to further decarbonise under the Paris Agreement’s 1.5°C scenario. This means reducing our emissions through energy efficiency improvements as well as considering viable renewable energy opportunities.
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Waste Management

Waste management is a challenge across the globe, particularly in areas with high-density development and rapid urbanisation. We’re committed to avoiding and reducing waste across our building lifecycle.
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Water Resource Management

The Group recognises that water is a constrained but essential resource to the sustainability of our business and wider society. We are committed to managing our water consumption and potential risks throughout the building lifecycle.
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Biodiversity Protection

Major biodiversity loss and ecosystem collapse are one of the top five global risks for the next ten years. Extraction of natural resources and pollution are among the key drivers of biodiversity loss, with severe implications for the economy and public health and well-being, as well as for our supply chain. We hope to protect biodiversity by enhancing our operations and raising public awareness.
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