Our Approach
Decarbonising our businesses to achieve climate resilience is a key focus of the Group’s sustainability strategy. This has been supplemented with identifying and managing climate risks related to the transition to a low-carbon economy, which helps us identify business opportunities for sustainable growth.
Focus
Reducing Our Carbon Footprint
We are working on medium-term carbon reduction targets aligned with climate science, supported by credible plans to achieve them. In 2022, four of our businesses made significant progress on setting their medium-term decarbonisation targets, in line with climate science.
Energy Performance
39% of the energy we used in 2022 came from renewable sources
Initiatives Across the Group
Amplifying the switch to renewable energy
The Asian region is uniquely rich and diverse in potential sources of renewable energy. We seek opportunities to switch to renewable energy to reduce our dependence on fossil fuels, reduce carbon emissions and deliver on our climate mitigation strategy. We invest in onsite renewable energy and purchase offsite Renewable Energy Certificates.
Read moreIncreasing adoption of electric vehicles
Electric vehicles (‘EVs’) are widely recognised as one of the most effective ways to decarbonise due to their economic viability and low carbon footprint. We prioritise the adoption of EVs and develop adjacent businesses to leverage our networks and capabilities in the region to expand our impact across the value chain.
Read morePropTech and the “Control Tower Concept”
Hongkong Land leverages property technology (‘PropTech’) to reduce air-conditioning energy use, which currently accounts for 45% of total energy consumption in the Central Portfolio, through JEC’s JEDI (Jardine Engineering Digital Insights). Hongkong Land is also implementing a first-of-its-kind in Hong Kong “Control Tower Concept” that uses machine learning to adjust the indoor air temperature for the entire Central Portfolio.
10-year reforestation programme
Counting down to the 200th anniversary of Jardines in 2032, the Group aims to plant and maintain 200 seedlings with our Hong Kong-based businesses, every year for 10 years, towards a shared vision of sustainable future. The inaugural event involved colleagues from Jardine Matheson Head Office, Jardine Engineering Corporation (‘JEC’) and Jardine Restaurant Group (‘JRG’), collaborating on reforestation activities in June and July 2022.
Building a Climate-Resilient Business
We continue to understand the physical and transition climate risks that may impact our operations. In 2022, we published the key takeaways in our Task Force on Climate-related Disclosures (‘TCFD’) Report. This will be a continuous process integrated into business planning. We also made investments and brought new technology to our markets, helping us transition to a low-carbon economy.
Initiatives Across the Group
Scaling up renewable energy in Indonesia
PT United Tractors, through its subsidiary, PT Energia Prima Nusantara (‘EPN’) acquired 31.49% of PT Arkora Hydro Tbk (‘Arkora’), a public company focusing on power generation from hydropower. EPN is also scaling up its own renewable energy projects, including hydropower and solar panels.
Read moreReducing refrigerants with the Water Loop technology
DFI is the first retailer in Hong Kong to introduce a Water Loop refrigeration technology, installing the first system in store in 2022. The technology helps significantly reduce refrigerant gas volumes and risk of leakage by relying on water to cool the stores, which in turn enhances energy efficiency, reducing greenhouse gas emissions, energy usage and cost.
Decarbonising construction via new technologies
Gammon continues to invest in innovative solutions to reduce the carbon footprint of construction projects through electrification of equipment and the use of low carbon alternatives for construction materials. Gammon procured Hong Kong’s first battery-powered crawler crane and is testing a technology from a Canadian start-up CarbonCure Technologies that reduces cement needed.
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