Kowloon Development Company Limited (KDC) released its 2025 Environmental, Social and Governance (ESG) Report, detailing new climate milestones, wider renewable-energy deployment and expanded community engagement.
Governance and Disclosure • Climate oversight remains at board level, reinforced by an ESG Working Group formed in 2024. • For the first time, KDC disclosed Scope 3 greenhouse-gas (GHG) emissions—95.80 thousand tonnes CO₂e—bringing total reported emissions to full value-chain level.
Emissions and Energy Targets • KDC aims to cut Scope 1 and Scope 2 GHG-emissions intensity by 30% by end-2035 versus a 2022 baseline (coverage excludes Hong Kong construction and Mainland China development). • 2025 emissions intensity fell to 0.05 tCO₂e per m², down 20% from 2022. • Group energy use reached 46.31 thousand gigajoules, of which Hong Kong operations accounted for 42.24 thousand gigajoules.
Operational Highlights • Two managed properties, Upper East and Gardenia, generated 46.09 thousand kWh of solar power in 2025 under CLP’s Feed-in Tariff, saving HK$0.15 million in electricity costs. • LED retrofits in Pioneer Centre carpark and smart-meter installations in Manor Hill helped drive energy efficiency; ten managed properties now hold Energywi$e certificates. • Construction and demolition recycling rose to 17.11 thousand tonnes, yielding an 89.9% recovery rate.
Social Performance • Workforce stood at 2,122 full-time employees; training coverage reached 62% with an average 3.84 training hours per employee. • No work-related fatalities were recorded; lost-time injuries fell 58% year-on-year to 2,017.5 days. • Country House secured the “Security Services Best Training Award – Silver,” while Easy Living garnered 16 individual security staff awards.
Community Investment • Total donations reached HK$1.19 million in Hong Kong and RMB10,000 in Mainland China; an additional HK$6.00 million was jointly contributed with the Chairman’s family to the Support Fund for Wang Fuk Court fire victims. • KDC extended leases for 100 transitional-housing units under the Lok Sin Tong scheme through 2027-2028, benefitting roughly 400 residents.
Looking Ahead The board signalled continued alignment with forthcoming Hong Kong Stock Exchange climate-disclosure rules and plans to refine transition strategies to meet the 2035 carbon-intensity goal while deepening stakeholder engagement across environmental and social programmes.