Targets
Status
Investigate and invest in new technologies, materials, processes and business models
Engage and collaborate with NGOs and start-ups to achieve sustainability targets
The urgency of the climate crisis and other critical environmental and social problems require innovative solutions beyond business as usual.
Innovation that supports technological breakthroughs and scaling is key to help us evolve and meet the challenges of the new market landscape.
As such we are committed to supporting innovation solutions in business. We invest in emerging technologies, materials, and processes, and especially in local start-ups via partnerships.
Our collaboration with Allinfra has enabled us to implement blockchain technology to monitor, track and review our renewable energy generation. This is a pilot scheme created to assess the effectiveness of blockchain technology as an immutable ledger, and explore its potential and scalability in other aspects of our business. The collaboration commenced with a pilot solar project in Lok Fu Place since February 2021.
We developed and launched our FMIT programme across all our Hong Kong properties since April 2022 to improve various aspects of property management and maintenance. This technology enabled us to have better budget control by reducing unplanned maintenance, inventory and asset management, tracking and reporting of work orders, and workflow improvement to standardise best practices, as well as better contractor performance management. Results show a nearly 30% improvement in response time for repair and maintenance work orders and better utilisation and planning of manpower.
A key climate risk across our portfolio is increased torrential rain and associated floods. To adapt to these risks, we deployed Internet of Things, or IoT, solutions to better manage our properties against water leakage and flooding events and enhance operational efficiency and lessen the impact on building occupants and shoppers. We piloted the solutions in our TKO Gateway and TKO Spot shopping malls in Hong Kong.
Investigate and invest in new technologies, materials, processes and business models
Engage and collaborate with NGOs and start-ups to achieve sustainability targets
Achieved
On Track
Lagging Behind
Not Commenced