Wharf REIC is devoted to making a positive impact in the face of climate change. We build our climate resilience through formulating climate change policy, relevant strategy and precautionary measures. We made substantial efforts in climate-related disclosure and targets setting to align with the goals of the Paris Agreement. By the end of 2024, we committed to Science Based Targets Initiative (“SBTi”) for science-based targets setting and submitted the near-term targets for validation.
To gradually decarbonise our business, the Group acknowledges the importance of enhancing energy efficiency and the significance of using renewable energy sources wherever possible. We conduct retro-commissioning works of chillers, upgrade the lighting system and continuously explore innovative technology solutions. The solar photovoltaic panel system on rooftop of Gateway I and II of Harbour City enables us to participate in the Feed-in-Tariff (“FiT”) Scheme by CLP.
Strengthening our resilience and using sustainable resources are intertwined with our business, therefore, we go beyond compliance with legislation and adopt international standards in managing the use of water and energy, diverting waste from landfills, as well as protecting the environment.
We also invest our efforts to promote responsible environmental behaviour. We provide employees with guidance for green procurement. Guidelines and tips are also provided to our tenants to encourage environmentally friendly practice during renovation or fit out work. We actively participate in various environmental protection schemes such as Tree Conservation Scheme, Sustainable Consumption Scheme and Green Office Labelling Scheme, etc.
Our Business Units were awarded different recognitions for their environmental efforts. Harbour City and Times Square demonstrated their excellence in sustainable building management, receiving the Platinum certification in the LEED v4.1 (existing buildings: operations and maintenance). Our key investment properties and hotel operations maintained the ISO 14001 environmental management system certifications. Our business units are also recognised under the Environmental Excellence Scheme, including Energywi$e Label, IAQwi$e Label, Wastewi$e Label and the Carbon "Less" Certificate.
