Sustainable Procurement

GRI 301
HKEX Aspect A2, KPI B5.4

As part of our sustainable procurement strategy, since 2015, we have been implementing our guidelines on environmental procurement in accordance with the ISO 14001 Environmental Management System. This system tracks our consumption of office supplies, building services equipment and building materials that meet specific environmental criteria, such as whether the products have been certified or accredited by reputable, independent third parties. We use this data to evaluate our sustainable procurement performance and identify further opportunities to source more sustainable products.

In addition, we also track our consumption of specific construction materials such as timber, concrete and reinforcement bar, which allows us to benchmark our consumption of these materials during the construction of new developments.

We have been a member of the Green Council's Hong Kong Green Purchasing Charter since 2013 and a member of their Sustainable Procurement Charter since 2018.

In 2020, we expanded our procurement from green products and services to include sustainability-related products and services, including expenditures on promoting safety, health and wellbeing in our properties and projects under development.

Also during the year, we are the first real estate developer in Hong Kong to introduce low-carbon specifications for building materials used in new developments such as concrete, reinforcement bar and structural steel, which we included in our main contract for a new development in Hong Kong.

Sustainable Procurement for Hong Kong and the Chinese mainland in 2020

HK$ 0 million
Total value

Hosting a Supplier Engagement Event

In early January 2020, before the COVID-19 pandemic began curtailing in-person events, we held our first-ever Sustainability Engagement Forum in Hong Kong. It took place at Blueprint with 80 of our suppliers and business partners in attendance. These stakeholders received an update on our SD 2030 Strategy, followed by presentations and a panel discussion to identify further opportunities for collaboration on low-carbon and sustainable building lifecycle initiatives.

The event

  • Introduced new green materials adopted in concrete, reinforcement bar and formwork;
  • discussed methods of recycling construction materials;
  • informed participants about the current status and latest trends in government policy; and
  • informed suppliers about reduction targets to which we have committed under the Science Based Targets initiative.

Since that event, we have communicated regularly with our main contractors, material suppliers and industry associations in order to understand any new sustainable products and services they offer and determine which of these can be adopted in our new developments.

In early January 2020, before the COVID-19 pandemic began curtailing in-person events, we held our first-ever Sustainability Engagement Forum in Hong Kong. It took place at Blueprint with 80 of our suppliers and business partners in attendance. These stakeholders received an update on our SD 2030 Strategy, followed by presentations and a panel discussion to identify further opportunities for collaboration on low-carbon and sustainable building lifecycle initiatives.

The event

  • Introduced new green materials adopted in concrete, reinforcement bar and formwork;
  • discussed methods of recycling construction materials;
  • informed participants about the current status and latest trends in government policy; and
  • informed suppliers about reduction targets to which we have committed under the Science Based Targets initiative.

Since that event, we have communicated regularly with our main contractors, material suppliers and industry associations in order to understand any new sustainable products and services they offer and determine which of these can be adopted in our new developments.

Further Expanding our Sustainable Sourcing

We are committed to expanding our sourcing of sustainable materials across all areas of our business. In 2020, we continued to make significant achievements in this regard, including:

Portfolio Management Offices and Facilities:

  • Office and toilet paper certified by the Forest Stewardship Council (“FSC”);
  • Office paper made from 100% recycled content; and
  • Biodegradable tea bags with certified organic tea.

In particular, our Two Taikoo Place development includes:

  • The use of FSC and Program for the Endorsement of Forest Certification (“PEFC”) certified timber;
  • Concrete, chillers and gypsum blocks with CIC Green Product Certification (Platinum rating);
  • Reinforcement bar and structural steel with recycled content;
  • The use of a battery storage system and biodiesel to reduce the use of traditional diesel oil at the construction site; and
  • Wellness-related provisions for onsite workers such as a full-time site nurse, regular site office sterilisation, thermographic body temperature camera at site entrance, touch-free handwash dispenser and free masks to workers.

Hotel Operations:

  • Sustainable seafood that meets guidelines set out by the WWF Seafood Guide or the Aquaculture Stewardship Council;
  • Plant-based meat alternatives on menus, helping to lower carbon emissions and reduce the ecological footprint of our operations;
  • Vegan, organic and biodynamic wines added to menus;
  • Toilet paper rolls replaced with 90-100% recycled fibre certified by FSC; and
  • Simplified packaging for room amenities such as removing paper boxes.

We are committed to expanding our sourcing of sustainable materials across all areas of our business. In 2020, we continued to make significant achievements in this regard, including:

Portfolio Management Offices and Facilities:

  • Office and toilet paper certified by the Forest Stewardship Council (“FSC”);
  • Office paper made from 100% recycled content; and
  • Biodegradable tea bags with certified organic tea.

In particular, our Two Taikoo Place development includes:

  • The use of FSC and Program for the Endorsement of Forest Certification (“PEFC”) certified timber;
  • Concrete, chillers and gypsum blocks with CIC Green Product Certification (Platinum rating);
  • Reinforcement bar and structural steel with recycled content;
  • The use of a battery storage system and biodiesel to reduce the use of traditional diesel oil at the construction site; and
  • Wellness-related provisions for onsite workers such as a full-time site nurse, regular site office sterilisation, thermographic body temperature camera at site entrance, touch-free handwash dispenser and free masks to workers.

Hotel Operations:

  • Sustainable seafood that meets guidelines set out by the WWF Seafood Guide or the Aquaculture Stewardship Council;
  • Plant-based meat alternatives on menus, helping to lower carbon emissions and reduce the ecological footprint of our operations;
  • Vegan, organic and biodynamic wines added to menus;
  • Toilet paper rolls replaced with 90-100% recycled fibre certified by FSC; and
  • Simplified packaging for room amenities such as removing paper boxes.
Back to Suppliers

See More In

Tenants

We work closely with our commercial tenants to help them integrate sustainability practices into their operations.

Tenant Environmental Initiatives

We have a number of initiatives for tenants that focus on environmental issues like kitchen waste, recycling, organic farming and more.

Tenant Social Initiatives

We work to create social initiatives that connect our tenants with each other and with the wider community.

Tenants

We work closely with our commercial tenants to help them integrate sustainability practices into their operations.

Tenant Environmental Initiatives

We have a number of initiatives for tenants that focus on environmental issues like kitchen waste, recycling, organic farming and more.

Tenant Social Initiatives

We work to create social initiatives that connect our tenants with each other and with the wider community.