CHENG Sze-yeuk, Sharon - Hip Hing Construction Co. Ltd

SCA 2018 Young Practitioner - Excellent Award

Practices

The project comprises of the A&A works for existing Tung Chung Citygate Outlets at Lot 2 while retaining the existing 24/7 operating Public Transport Terminus (PTT). Meanwhile Lot 11 comprises of a 13-storey hotel and retail complex with 2 levels of basement carpark and PTT at G/F.

Major sustainable construction achievements of the project include:

Sponsor the Orbis’ eye education at charity events to reach out to more patients with eye disease and raises awareness of eye health among public and within the project ;
Set up real time monitoring station at the site boundary to record pollutant levels, reducing nuisance brought to the public by construction works;
Recycle old banners as shopping bags.

Recycle old banners as shopping bags.

Lead mosquito prevention measures, regular application of larvicide to potential mosquito blackspot, minimise nuisance causing to the public.

Promote the awareness of environmental protection to workers by incentive scheme.

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.

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.