- Highlights & Achievements
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Extending Sustainable Finance beyond our Building Portfolio
As one of the first movers in sustainable finance in Hong Kong, Henderson Land continues to harness the opportunities of its emerging green and sustainable financing landscape. In 2022, the Group concluded a number of signature financial instruments in order to support the ongoing implementation of green and sustainable initiatives in our business operations.
We secured a HK$100 million bilateral social loan with CCB (Asia), the first-of-its-kind among Hong Kong’s property developers. With the Hong Kong Quality Assurance Agency acting as its independent external assessment body, the loan’s terms take into account the Group’s needs for fulfilling social responsibilities and our aspiration to create lasting value for the wider community. The funding from the social loan can be used to support our ongoing transitional housing projects in Kong Ha Wai, Kam Tin, Ngau Tam Mei.
To further demonstrate the Group's unwavering commitment to green building, Henley Park, our latest residential project at Kai Tak has been issued a
green letter of undertaking by HSBC. The Henley Park project is expected to attain a Gold rating for BEAM Plus New Buildings upon completion, which qualifies it for this green letter of undertaking. BEAM Plus is a comprehensive certification standard which recognises building projects in Hong Kong that meet a range of sustainability requirements.
The Group also signed sustainability-linked loan agreements with CCB (Asia) and Hang Seng Bank during the year, securing loans of HK$1 billion and
HK$1.6 billion respectively. For these sustainabilitylinked loans, the interest rates are being indexed against improvements in our sustainability performances such as green building certifications, accident frequency rate and ESG ratings.
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In an effort to enhance the quality of life of elderly people in Hong Kong, with the donation of Lee Shau Kee Foundation, a 100,000 sq. ft. piece of land previously held by the Group in Lam Tei, Tuen Mun was developed by Pok Oi Hospital as the city’s largest senior care home. The building will provide over 1,400 residential care places, along with an array of amenities and services. A groundbreaking ceremony in September 2023 marked the commencement of construction of the building.
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The Hong Kong Laureate Forum is a world-class science event that brings together top scientific minds from around the world for cross-generational, cross-cultural and cross-disciplinary exchanges. The Lee Shau Kee Foundation became the Principal Sponsor for the Forum in 2019, contributing a total of HK$80 million to fully finance the event. From 13 to 18 November 2023, the inaugural Forum brought together over 20 Shaw Laureates, including a Nobel Laureate, and about 200 young elite scientists from around the world for a weeklong exchange in Hong Kong. Featuring an extensive line-up of programmes comprising keynote speeches by laureates, thought-provoking plenary sessions and science seminars, it aims to inspire young scientists and facilitate exchanges between them and the esteemed Shaw Laureates, stimulating interest and understanding of astronomy, life science and medicine, and mathematical sciences among young people in Hong Kong and beyond.
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As the exclusive sponsor, Henderson Land proudly supported the Inter-school Wushu Competition 2024, held in November, which brought together 1,000 young martial artists from 320 primary and secondary schools eager to showcase their skills and passion for wushu.