Through understanding socio-economic megatrends and collecting feedback from stakeholders, we identify opportunities from unmet needs and motivate our talents to unleash their innovation to meet these needs. Driven by innovation and enabled by technology, we provide green, smart, caring and wellness-oriented offerings in response to stakeholders’ aspirations, creating shared values for our customers and society.
is composed of members of the senior management from NWD and other business units and led by our Executive Vice-chairman and General Manager. The Committee governs the entire Group and sets the strategic direction for its sustainability initiatives, which aligns with 'New World Sustainability Vision 2030' and business priorities to be implemented by all business units.
drives Group-wide sustainability initiatives across the Group's businesses and functions according to the strategic direction set by the Group Sustainability Steering Committee. The Department initiates and coordinates sustainability initiatives related to NWD's business operations.
comprises middle management from New World Development, New World China Land, New World Department Store, NWS Holdings, NWTMT, etc. and serves as a knowledge-exchange community to support the implementation of the sustainability initiatives.
New World Group’s Green Finance Framework (the ‘Framework’) references the Green Bond Principles 2018 and Green Loan Principles 2018, and can be applied to both green loans and green bonds. This financial innovation drives the creation of quality buildings with green and healthy features and initiatives to echo the New World Sustainability Vision 2030.
Green Finance FrameworkThe Framework covers New World Development Company Limited, New World China Land Limited and K11 Group Limited, demonstrating our commitment to offering quality sustainable products and initiatives.
Green bond or green loans under the Framework could fund existing and new building projects in Hong Kong and Mainland China that meet the eligibility criteria including green buildings/landscapes certification, energy efficiency and renewable energy, water management, waste management and climate change adaptation.
A ‘Second-Party Opinion’ was obtained for the Framework from Sustainalytics, an independent sustainability research and rating company.
The inaugural transaction is a green loan for the Group's King’s Road Commercial Re-development project in Hong Kong (target completion in 2019) certified to green and healthy building standards:
The second transaction is the ‘New World China First Green Bond’ for New World China Land Limited’s New World Zengcheng Comprehensive Development Project* and Qianhai CTF Finance Tower* (both targeted for completion by the end of 2021).
