- For annual performance, please refer to our Sustainability Report 2021.
MTR is a publicly-listed corporation (SEHK: 0066) which abides by the listing rules of Hong Kong Exchanges and Clearing Limited (“HKEX”) including Appendix 27 Environmental, Social and Governance Reporting Guide (“ESG Guide”). In addition, our sustainability disclosure is prepared in accordance with the Global Reporting Initiative (“GRI”) Standards: Core option and aligns with internationally recognised reporting guidelines including the International Association of Public Transport (UITP) Sustainability Reporting Guide, ISO 26000 Guidance on Social Responsibility and the United Nations Sustainable Development Goals (“SDGs”). We also make reference to the World Economic Forum’s (WEF) Stakeholder Capitalism Metrics.
To ease navigation, we have prepared a Content Index for Sustainability Reporting Guidelines. This includes a HKEX ESG Guide Content Index to demonstrate our compliance with the ESG Guide and a GRI Content Index which cross-references the UITP Sustainability Reporting Guide, ISO 26000 and WEF Stakeholder Capitalism Metrics.
The Sustainable Development Goals
We leverage our knowledge and resources to contribute to the United Nations 2030 Agenda for Sustainable Development, especially through the construction of sustainable urban infrastructure including mass transit systems and property development and management. In 2016, we started to consider how MTR can play a significant role as a global citizen and identified three areas of contribution to the SDGs. The SDG Secretariat has been notified of our overall support for the following goals:
While we have prioritised SDGs 8, 9 and 11 as our main contribution areas, our diverse nature of business and operations also support several other SDGs, namely 3, 4, 5, 6, 7, 10, 12, 13 and 15.
Through our materiality assessment process, we have also identified linkages between the SDGs and our business strategies to strengthen the alignment with global sustainability agenda. For details of our disclosure on the contribution to the SDGs, please refer to our Sustainability Report.
In order to operate sustainably in a dynamic business environment, we conducted a study in 2016 to determine the strategic trends shaping the future of transport and properties globally in the time horizon leading up to 2030. We identified the following three megatrends and the associated challenges and opportunities which might be relevant to the Corporation. Our efforts, plans and progress in response to these trends are updated in our Sustainability Report.
System Resilience for Climate Change
Climate change is a global challenge bringing adverse effects such as more frequent and intense extreme weather events which are posing increasing threats to our operations and services. A more resilient and adaptive railway system and property design is necessary to accommodate the impacts and capture the opportunities brought about by climate change. We must be “tuned in” to the changing climate to heighten our agility and preparedness in responding to the challenges of climate change.
Population ageing is a major global trend that affects all countries and cities. In Hong Kong, the number of elderly persons aged 65 and over is projected to nearly double in the coming 20 years. In light of this trend, we consider the possible impacts on the operations of our railway network, property business and workplace, and put in place relevant measures to build an age-friendly environment across our operations.
The evolution of digital technology accelerates the transformation of a broad range of business functions and processes. Adopting innovative technologies will provide new opportunities to enhance our services, engage with our customers, develop new business models and further improve operational efficiency.
Scope of Disclosure
Our scope of disclosure focuses on issues identified as material to the Corporation. Headquartered in Hong Kong, the Corporation primarily constructs and operates mass transit railway systems in Hong Kong and internationally in the Mainland of China, Macao, Australia, Sweden and the United Kingdom. We also take part in the development and sale of residential and commercial properties in partnership with property developers and provide property management services in Hong Kong and the Mainland of China. With the aim of augmenting the accuracy and transparency of the Corporation's sustainability disclosure, we report applicable data from all operations where the Corporation exercises management control, including wholly or majority-owned subsidiaries.
Please refer to our Annual Report for details regarding our operations in Hong Kong and worldwide, and our Sustainability Report for details on our initiatives and performance regarding the identified material issues.