- Stringent environmental regulation or emissions-reporting obligations
- Introduction of carbon tax in Hong Kong
- Exposure to litigation
- Rapidly changing new technologies developed in response to improving energy efficiency
- Changing tenant’s behaviour
- Changing in price of energy, water resources or waste management
- Changes in stakeholders’ (including tenants, investors and community) preference
- Increased severity of extreme weather events
- Rising mean temperature
- Rising sea levels
Prosperity Real Estate Investment Trust
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Prosperity Real Estate Investment Trust disclosed greenhouse gas emissions of 3.1K tCO2e/year. By scope: Scope 1: 0.57 tCO2e/year; Scope 2: 7.8K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
3.1K tCO2e/year
2022
Water Usage
10.1K m3/year
2022
Waste
21.7K tons/year
2022
Energy Use
6.6M kWh/year
2022
📊 Emissions by Scope (2022)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 0.57 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 7.8K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- 100% of the portfolio awarded green building certificate, with The Metropolis Tower attained the “Platinum” rating under BEAM Plus Comprehensive Scheme
- 36% Reduction in GHG emissions as compared to 2017
- 16% Reduction in energy consumption as compared to 2017
- Completion of installation of solar panels at The Metropolis Tower, 9 Chong Yip Street and Trendy Centre
- Completion of installation of rainwater collection system at Prosperity Place
- 3 properties have rooftop urban farm in place with approximate total area of 140m2
- 550 sq. ft. green wall is refurbished at The Metropolis Tower main lobby
- Prosperity Place was accredited “Excellent Class” and four other properties were accredited “Good Class” under the Indoor Air Quality Certificate Scheme (81.54% of the whole portfolio, being all the wholly owned properties)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce 14% GHG emissions by 2025
- Reduce 14% energy consumption by 2025
- Reduce 2% water consumption by 2025
- Increase employee training hours by 20% by 2025
- Increase volunteer hours by 20% by 2025
📅 Medium-term
- Reduce 20% GHG emissions by 2030
- Reduce 20% energy consumption by 2030
- Reduce 5% water consumption by 2030
- 100% of our property portfolio’s total GFA recognised with external green building certification
🌱 ESG Focus Areas
Green buildingsGHG emissions reductionEnergy efficiencyWater managementWaste managementClimate changeOccupational health and safetyDiversity, Equity & InclusionEmployee well-beingEmployee engagementEmployee developmentSupply chain managementTenant satisfactionTenant wellnessCommunity InvestmentBusiness ethicsData privacy protection