HANG LUNG GROUP LIMITED
(Hong Kong, September 23, 2015) Hang Lung Properties Limited (HKSE stock code: 101) is pleased to announce today the publication of its third standalone Sustainability Report, covering the 2014 financial year from January 1 to December 31. As in previous years, the report provides an open and thorough elaboration of the sustainability challenges faced, and the achievements accomplished, by both Hang Lung Group and Hang Lung Properties during the year. The report focuses on the environmental, social and economic impacts arising from our operations in Hong Kong and mainland China and our performance in three major areas: sustainable buildings, human capital management, and partnerships including supply chain management.
Highlights of sustainability achievements in 2014 are as follows:
- Developed a three-year action plan based on our Sustainability Vision and identified sustainability challenges so to faciliate continual improvement in our sustainability performance in a more systematic and effective manner;
- Continued to benchmark the sustainability performance of our new and existing buildings against international and local standards such as LEED and BEAM Plus;
- Reduced energy intensity of properties in Hong Kong and mainland China by 14% as compared to 2010, surpassing our target of reducing 10% by the end of 2015;
- Total number of training hours for employee increased by 23% from 59,298 hours in 2013 to 69,254 hours in 2014;
- Total number of employee volunteers and employee volunteering hours increased by 25.6% and 72.1% respectively with some 90 volunteering activities being organized;
- Percentage of total procurement spending in Hong Kong on environmentally-friendly products increased from 11% in 2013 to 28% in 2014.
Mr. Philip Chen, Managing Director of Hang Lung Properties, said, "This report is a testament of our continued commitment to transparency and accountability to our stakeholders and the ongoing improvement in our sustainability efforts. At Hang Lung, we create social value for our shareholders, communities and the stakeholders we serve. We are committed to conducting our business with the highest level of integrity, and constantly striving to Do It Right. And this will continue to be our way forward."
Hang Lung established a sustainability management structure in 2013 to drive the development and implementation of associated initiatives that align with our business objectives. Under this structure, the Sustainability Steering Committee reports to the Managing Director and ensures the alignment of our goals and vision across the Company, developing key focus areas on sustainability risks and opportunities, employee ethics and community programs, as well as environmental initiatives. Hang Lung will continue to shape this structure to best meet the evolving needs of the businesses and the stakeholders' expectations.
The Sustainability Report 2014 is written in accordance with the core option of the Global Reporting Initiative (GRI) G4 Sustainability Reporting Guidelines and follows the Environmental, Social and Governance Reporting Guide (ESG Guide) Appendix 27 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong. The Hong Kong Quality Assurance Agency has provided an independent assurance of the information included in this report.
The Sustainability Report 2014 is now available for download from the Hang Lung corporate website:
http://www.hanglung.com/en/sustainability/sustainability-report.aspx
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