YEUNG Chi-bun - Water Supplies Department

SCA 2018 General Practitioner - Outstanding Award

In order to cope with the increased water demand from the planned new housing developments and improve the reliability of the water supply in Fanling and Sheung Shui areas, a new fresh water supply service reservoir and associated pipes are being built under this project.

Achievements in this project :

  1. Adopt BIM technology - frontline staff needs to take point cloud, laser survey and aerial photograph
  2. Assess environmental impact of engineering operations and take preventive measures
  3. Promote water saving via public engagement, e.g. schools carnival for promoting water saving & drawing competition

To ensure the quality of the point cloud, the survey team has to work in the trench for taking photos by closing range photogrammetry technique. The surveyed point cloud model quality can be accessed by the position accuracy and density of check points. It has been developed during this project to ensure the works quality.

Applying drone survey is suitable for this site since it can survey a relatively large area within a short period of time. The drone team has taken 360-degree photos and videos by the drone to record the panoramic views of the site for analysis or progress monitoring.

The project team and Mr. Yeung collaborate with Hong Kong Bird Watching Society in arranging bird talk and egret watching tours to raise students’ interest in birds and create social benefit of the project.

About the Model

The HKSAR Chief Executive had announced in the 2017 Policy Address to position Hong Kong as an Asia’s green finance hub for raising green capital. In view of the substantial GDP contributed by the construction sector annually, the construction industry has a high potential to meet the trend of green finance. Thus, there is a need to well define the green standard and system to facilitate the application of green finance in construction industry.

The Model aims to act as an interactive guide on environmental practices and advanced technologies for construction projects which is compatible with international green bond/loan principle. Green finance can mobilise capital for green and low carbon investments in the construction industry. Public owners, developers, contractors and suppliers could issue green financial instruments for funding their projects with reference to the guideline of this model.

Interactive guide to classify construction practices based on green finance principle

Interactive guide to classify construction practices based on green finance principles

User-friendly model for set up its own checklist and sustainability KPIs

User-friendly model for set up its own checklist and sustainability KPIs

Sustainable hub to share latest local and intentional solutions

Sustainable hub to share latest local and international solutions

Why the Industry Needs Green Finance?

  • Green finance providing benefits for assisting the transition from the ‘brown’ to the ‘green’ construction.
  • Green finance can mobilise capital for green and low carbon investments in the construction industry
  • Stakeholders can seek opportunities for long pay back initiatives and low interest rates when adopting advanced and innovative measures.
  • To encourage investors from the Mainland along the Belt and Road as well as international investors to arrange green financing through Hong Kong construction capital markets.

Components of Green Bond/Loan Principles

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Green bond/ loan proceeds are to be applied for environmental (or “green”) projects with an indicative list of eligible project categories. See the figure below for the 10 eligible Green Project Categories.

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Recommends issuers/ borrowers to disclose their overall green objectives, the process used to determine eligibility of green projects, and the process to manage environmental and social risks of these projects.

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The net proceeds of the Green Bond/ Loan, or an amount equal to these net proceeds, should be credited to a sub-account, moved to a sub-portfolio or otherwise tracked by the issuer/ borrower in an appropriate manner, and attested to by the issuer/ borrower in a formal internal process linked to the issuer’s/ borrower’s lending and investment operations for green projects.

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Recommends annual reporting of the amounts allocated and results of the eligible green projects.

Green Project Categories

Key Features

no. of sustainability measures compatible with international green bond and green loan principle
41
no. of sustainability measures compatible with international green bond and green loan principles
no. of stakeholders and green finance experts engaged
162
no. of stakeholders and green finance experts engaged
no. of pilot projects
30
no. of pilot projects

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