Potential offtaker

New World Development Company Limited

www.nwd.com.hk

Estimated electricity consumption

N/A

Countries of production presence

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New World Development Company Limited is a Hong Kong-based company that operates in the multi-asset class own and develop sector. The company was founded in 1970 and has since grown to become one of the leading real estate developers in Hong Kong. New World Development Company Limited has a diverse portfolio of properties that includes residential, commercial, and industrial properties. The company is committed to sustainable development and has implemented various measures to reduce its carbon footprint.

Decarbonisation is a key focus for New World Development Company Limited. The company has set a target to reduce its carbon emissions by 50% by 2030. To achieve this target, the company has implemented various measures, including the use of renewable energy sources and the adoption of energy-efficient technologies. New World Development Company Limited has also set up a dedicated team to oversee its decarbonisation efforts and ensure that the company meets its targets.

Corporate energy is another area of focus for New World Development Company Limited. The company has implemented various measures to reduce its energy consumption and improve its energy efficiency. These measures include the use of energy-efficient lighting and HVAC systems, as well as the installation of solar panels on some of its properties. New World Development Company Limited has also implemented a corporate energy management system to monitor and manage its energy consumption.

Corporate PPA (Power Purchase Agreement) is another area where New World Development Company Limited is making significant progress. The company has signed several corporate PPAs with renewable energy providers to purchase renewable energy for its properties. These PPAs enable the company to reduce its carbon footprint and support the development of renewable energy sources.

Renewable energy is a key focus for New World Development Company Limited. The company has set a target to increase its use of renewable energy to 50% by 2030. To achieve this target, the company has invested in various renewable energy projects, including solar and wind power. New World Development Company Limited has also installed solar panels on some of its properties to generate renewable energy.

In addition to its focus on decarbonisation, corporate energy, corporate PPA, and renewable energy, New World Development Company Limited is also committed to sustainable development in other areas. The company has implemented various measures to reduce waste and promote recycling, including the installation of recycling bins in its properties. New World Development Company Limited has also implemented a sustainable transportation policy to encourage the use of public transport and reduce the use of private cars.

New World Development Company Limited is also committed to social responsibility. The company has implemented various initiatives to support the local community, including the provision of affordable housing and the support of local charities. New World Development Company Limited has also implemented a diversity and inclusion policy to ensure that all employees are treated fairly and with respect.

In conclusion, New World Development Company Limited is a leading real estate developer in Hong Kong that is committed to sustainable development. The company is focused on decarbonisation, corporate energy, corporate PPA, and renewable energy, and has set ambitious targets to reduce its carbon footprint and increase its use of renewable energy sources. New World Development Company Limited is also committed to social responsibility and has implemented various initiatives to support the local community.

✓ Science Based Targets member
✓ Declared Net Zero commitment