Environmental 
        
      
      
        
          Performance
        
      
      
        14 
      
      
        
          Hopewell Holdings Limited
        
      
      
         Sustainability Report 2010/11
      
      
        We have a long-standing commitment to the environment. As 
      
      
        stakeholders become more sophisticated and aware of environmental 
      
      
        issues, we are recognised for having invested in environmental 
      
      
        practices early on and at every stage of our developments.
      
      
        We make efforts to promote sustainable development. We have 
      
      
        embarked on initiatives that generate greater innovation and growth 
      
      
        for the business and also greater benefits for the environment, such 
      
      
        as increasing the energy efficiency of our properties, promoting the 
      
      
        use of electric vehicles, providing cleaner energy and conducting 
      
      
        research in new wind power technologies.
      
      
        Key Business Impacts
      
      
        We have assessed our major environmental impacts and we are 
      
      
        working on reducing our impact in all aspects of our business.
      
      
        Key Business 
      
      
        Operations
      
      
        Property 
      
      
        Investment 
      
      
        and 
      
      
        Development
      
      
        Hospitality Highway Energy 
      
      
        Direct  
      
      
        Environmental  
      
      
        Impact
      
      
        Resources use 
      
      
        (electricity, paper,  
      
      
        water, coal)
      
      
        Waste generation (solid 
      
      
        waste, wastewater, 
      
      
        general offce waste)
      
      
        Noise, air and light 
      
      
        pollution
      
      
        Natural habitat 
      
      
        degradation
      
      
        The main risk relating to our environmental impacts is the possibility 
      
      
        of more stringent regulatory requirements in Hong Kong or Mainland 
      
      
        China. We are preparing for the Hong Kong Buildings Energy 
      
      
        Efficiency Ordinance in 2012, which requires mandatory building 
      
      
        energy audits to be conducted at least every 10 years. Hopewell 
      
      
        Centre has been conducting voluntary energy audits since 2008 and 
      
      
        we intend to have audits conducted every five years.
      
      
        Heyuan Power Plant is planning to install additional equipment for 
      
      
        further reduction in emission of nitrogen oxides (NO
      
      
        X
      
      
         ) to meet the 
      
      
        more stringent requirements to be implemented at the end of 2013 
      
      
        in Mainland China.
      
      
        High 
      
      
        Medium 
      
      
        Low
      
      
        
           Impact mitigation priority
        
      
      
        Environmental Highlights for 
      
      
        2010/11
      
      
        • The promotion of  the use of electric vehicles 
      
      
        • Renewable energy — the development of our own large-
      
      
        scale vertical-axis wind-turbine technology
      
      
        • The operation of one of the cleanest coal-fired power plants 
      
      
        in Guangdong Province
      
      
        • Energy efficiency initiatives in our properties and highways
      
      
        • The Go Green Workplace Campaign in our offices 
      
      
        • Internal education programmes on environmental protection
      
      
        Priorities
      
      
        Our priorities for the future in creating a better living 
      
      
        environment are:
      
      
        • To address climate change by reducing our carbon emissions
      
      
        • To continue to promote the use of electric vehicles to 
      
      
        achieve cleaner air
      
      
        • To build Hopewell Centre II with high consideration for the 
      
      
        local environment and community
      
      
        Our Management Approach
      
      
        Overall responsibility for environmental initiatives across the Group 
      
      
        lies with the Sustainability Steering Committee. Each business 
      
      
        division has the responsibility to set up appropriate structures 
      
      
        and assign job roles to oversee and report on environmental 
      
      
        practices. Each business unit/department has a Green Captain who 
      
      
        encourages colleagues to be energy efficient and to recycle. Our HH 
      
      
        Social Club also serves as an additional platform to raise employee 
      
      
        awareness on environmental issues and community needs. 
      
      
        For our property business, we have formed a special team to study 
      
      
        and implement a variety of green initiatives, including power 
      
      
        saving and recycling. Our environmental policy for property and 
      
      
        facility management highlights the importance of environmental 
      
      
        considerations in our management systems, compliance with 
      
      
        laws and regulations, pollution prevention, waste reduction, 
      
      
        and promotion of environmental awareness amongst staff. The 
      
      
        property and facility management services of all commercial 
      
      
        properties in the management portfolio of Hopewell Real Estate 
      
      
        Agency Limited, HHL’s wholly owned subsidiary, have satisfied 
      
      
        the requirements of the ISO14001 certification on environmental 
      
      
        management systems.