CTF Services Limited (659) has published its Environmental, Social and Governance (ESG) Report for the financial year from July 1, 2024, to June 30, 2025. The report underscores the company’s efforts to integrate sustainability principles into its strategy, operations, and value chain. Key focuses include climate action, responsible investment, and community engagement, aligning with market expectations, regulatory requirements, and international standards.
CTF Services Limited, referred to as “CTFS” in the report, reveals steady progress toward its climate targets. The company reports a 19% reduction in Scope 1 and 2 greenhouse gas emissions compared to FY2023, with a goal to halve emissions by 2035 and achieve net zero by 2050. Two business units under CTFS have near-term targets validated by the Science Based Targets initiative (SBTi), further providing a roadmap to decarbonization.
The report highlights HK$18.6 billion in green and sustainability-linked financing as of June 30, 2025. This amount represents 39% of the company’s total debt portfolio. The proceeds are tied to key environmental metrics, such as reductions in greenhouse gas and waste intensity, the verification of Scope 3 emissions, and maintaining external ratings in recognized sustainability indices.
CTFS presents a climate risk assessment and scenario analysis referencing international frameworks. These processes guide the company in identifying physical risks from extreme weather events and transition risks arising from changes in regulatory and market conditions. The report also details the ESG governance structure, led by a dedicated committee that supervises compliance, strategy execution, and stakeholder engagement.
In addition, the ESG Report discusses broader sustainability initiatives, including circular economy approaches, water efficiency, and biodiversity considerations, supporting responsible resource management across different business units. Highlights include a 9% drop in general waste to landfill (excluding construction activity) and endeavors to recycle construction materials. By implementing digital tools, automation, and low-carbon technologies, CTFS aims to unlock operational efficiency and lower emissions in the long run.
The report further outlines the company’s steadfast attention to corporate governance, emphasizing business ethics, risk management, and data protection. No incidents of corruption or bribery were reported. Health and safety measures are also detailed, with programs focusing on accident prevention and workforce well-being across facilities and project sites.
Community contributions amounting to HK$1.29 million are featured, along with related volunteer activities organized under CTF Services Charity Foundation Limited. Multiple awards and recognitions for ESG performance, governance excellence, and product responsibility are included, affirming the company’s standing in sustainable operations.
CTFS indicates that its reporting adheres to industry frameworks, including ISSB’s IFRS S1 and S2 for climate-related disclosures. The newly released FY2025 ESG Report is available concurrently with the company’s 2025 Annual Report, presenting more information on progress, governance, and targets for climate impact, responsible investment, and community development.