- For annual performance, please refer to our Sustainability Report 2019.
As the operator of a reliable, efficient and environmentally friendly transportation system, we offer a low carbon solution connecting communities with a greater carrying capacity than other modes of transport.
In terms of operations, we have taken actions to mitigate our greenhouse gas (GHG) emissions through energy efficiency initiatives and adapt to the impacts of climate change through weather impact assessments of our facilities and regular inspections and assessments of our railway infrastructure.
To tap into a growing market and diversify our sources of capital, we have developed a Green Finance Framework and issued Green Bonds to support our energy efficiency and low carbon initiatives.
As a pioneer in green finance in Hong Kong, we set up a Green Bond Framework in 2016 in alignment with the Green Bond Principles issued by the International Capital Market Association to integrate environmental, social and corporate governance into our financing and decision-making processes.
Expanding on the foundation of our Green Bond Framework, we further established a Green Finance Framework in 2018 to cover other forms of green finance, factoring in components recommended in the Green Loan Principles issued by the Asia Pacific Loan Market Association.
The Frameworks set out how we use green finance proceeds to fund initiatives to enhance long-term service levels and environmental performance, as well as the reporting thereon.
Climate-related Financial Disclosures
The June 2017 report of the Taskforce on Climate Related Financial Disclosures (TCFD) recommends that large companies evaluate how their businesses may be affected in the short, medium and long term by both physical and transition risks. We have in place a governance structure to ensure climate change issues are discussed at the board level and the regular assessment of our climate related risk through the Enterprise Risk Framework. We have conducted climate resilience assessments on our key operating assets and have energy reduction targets for our railway and property divisions. We are continuing our effort and will report progress through our sustainability reporting framework according to the TCFD recommendations covering governance, strategy, risk management and metrics and targets. Please refer to our Sustainability Report for our TCFD disclosure and carbon reduction initiatives and performance. We also disclose our climate-related information through our publicly available CDP response.