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Greener Future
2020
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Tree conservation at Queen’s Hill Public Housing Construction project
One of the tree protection measures in construction is through transplanting trees with carefully designed procedures to ensure their proper growth at the temporary and/ or permanent receptor site.
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Sustainability-linked Loan
In June 2020, we announced our first sustainability-linked loan with Crédit Agricole Corporate and Investment Bank. The loan is converted from existing financial facilities amounting to HK$1 billion, of which interest rates will be reduced according to our improvement on environmental and social targets, including greenhouse gas emission intensity and continual improvement on the overall Labour Practice criteria in accordance with the Hang Seng Corporate Sustainability Benchmark Index. This sustainability-linked loan reinforces our commitment to improving our sustainability performance, as well as demonstrating the financial incentives for continual improvements.
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Renewable Energy
Throughout our operations, we have also adopted the use of renewable, zero-emissions energy sources where practical, such as solar panels. Sites including the HKCEC, have solar panels installed on their rooftops, supplying renewable energy to the local power grid to take advantage of the Feed-In Tariff Scheme in Hong Kong. During FY2020, the total renewable energy generated for the Feed-In Tariff Scheme on our premises was over 59,000 kWh (214 GJ), avoiding around 30 tonnes of carbon emissions, which is equivalent to the annual emissions from six passenger vehicles.
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Improve Roadside Air Quality by Technological Upgrade
Hangzhou Ring Road has adopted a series of technological upgrades to enhance the operations of the 103.4 km toll road – as part of the Hangzhou City Brain 2.0 project, launched by Hangzhou City Government and Alibaba Group in 2016. The upgrades include real-time automated monitoring, intelligent dispatch, and vehicle management.
Through the integrated use of surveillance footage and big data technology, real-time analysis of all vehicles running along the entire toll road can be performed. The system is capable of quickly identifying situations which may interrupt traffic flow, such as vehicles stopping illegally, vehicle breakdowns and trespassing pedestrians. The automated system can spot anomalies within one second and raise alerts within 10 seconds of incidents, a significant improvement on the manual inspection of over 300 surveillance footages, which can take more than one hour.
Optimizing traffic flow provides multiple benefits. Timely response to road incidents can significantly reduce traffic congestion, which also translates to reduce greenhouse gas and air emissions. The less time spent in congested traffic, the less users are exposed to air pollutants, translating into positive impacts for their physical health and well-being. Furthermore, enhancements to traffic flow improve revenue stability for the toll road, and contribute to the overall efficiency of the city. This provides a great example of our pursuit of shared value creation, bringing about a triple-win situation for the customers, the environment, and our business.
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