Background:
Sun Hung Kai Properties Limited (SHK)
is a real estate company listed on the Hong Kong Stock Exchange. It was listed in 1972 and is now one of the largest real estate developers in Hong Kong specializing in the development of premium quality residential estates, offices, shopping malls and industrial buildings (About US, n.d.). The core business of the company is composed of property development and property investment, which is of great contributive to the group cash income (Sun Hung Kai Properties Limited, 2019a). The company also developed premier residential and integrated complexes in key mainland cities such as Beijing, Shanghai, and Guangzhou.
With the value proposition of Building Home with Heart, SHKP prioritizes sustainable development and corporate governance. The Board of Directors is responsible for and oversees the overall direction of the companys business. And supported by the Sustainability Steering Committee, the Board directs and manages SHKPs sustainability issues (Sun Hung Kai Properties Limited, 2019b).
SDGSustainable Development Goals adopted by SHK
GOAL 11: Sustainable Cities and Communities
Access to affordable housing
Infrastructure investments
Sustainable transportation
Access to public spaces
Sustainable buildings
GOAL 12: Responsible Consumption and Production
Sustainable sourcing
Resource efficiency of products and services
Materials recycling
Procurement practices
Product and service information and labelling
GOAL 13: Climate Action
Building energy efficiency (buildings account for 90% of total GHG emissions from electricity generation in Hong Kong)
GOAL 9: Industry, Innovation and Infrastructure
Buildings that are resilient and adaptable to climate change
some reference websites:
https://sdgcompass.org/sdgs
http://www.vigeo-eiris.com/wp-content/uploads/2017/10/Vigeo-Eiris-Opinion-column-SDG-real-estate-2017.pdf
(this article suggests Real Estate sector can adopt goals 1 end poverty, 9, 11, 13)
https://www.linkedin.com/pulse/role-real-estate-industry-achieving-sustainable-goals-daye-leed-ap
https://www.rics.org/globalassets/rics-website/media/about/advancing-responsible-business-un-sustainable-development-rics.pdf
https://www.worldgbc.org/news-media/green-building-improving-lives-billions-helping-achieve-un-sustainable-development-goals
(suggests a range of goals that can be adopted by property developers)
This is a group work, and what you need to do research and write about:
1.Why we care about climate change
(why we put climate change and real estate together)
(my part is about: water) in the context of real estate ?
2. what are real estate companies’ adaptations to climate change, what are their Business risks & opportunities (maybe can look at SHK’s website and talk about SHK in some aspects, but can talk about the general real estate market in most of the parts), what are the Environmental impacts of their behavior, especially their ways of dealing with water aspect.
