Annual Report 2019

FAR EAST CONSORTIUM INTERNATIONAL LIMITED 80 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT Carbon and Energy management Carbon and Energy Performance Greenhouse gas (“GHG”) emissions (or “carbon emissions”) are closely related to climate change, which presents businesses with both long-term risks and opportunities. To better understand, quantify and manage the carbon and climate change related impacts, risks and opportunities in our investments, it is integral to measure and disclosure our carbon footprint as a first step. This information will serve as a foundation of developing more relevant carbon reduction strategies and identify carbon reduction targets. The Group commissioned a professional consultant to conduct a carbon assessment with reference to international and national guidelines, including the Guidelines to Account for and Report on Greenhouse Gas Emissions and Removals for Buildings (Commercial, Residential or Institutional Purposes) in Hong Kong, the Guidelines 7 released by the National Development and Reform Commission of the People’s Republic of China and the GHG Protocol Corporate Standard 8 . GHG emissions by business unit: GHG intensity by business unit: GHG intensity Unit Offices (by floor area) 9.1 tonne of CO 2 -e/ thousand sq. ft. Hotel (by guest room night) 0.021 tonne of CO 2 -e/ room night Car Park (by number of car park bays) 0.049 tonne of CO 2 -e/ car park bay 9 GHG emissions 965 tonnes of CO 2 -e, 3% 3,890 tonnes of CO 2 -e, 11% 29,903 tonnes of CO 2 -e, 86% Offices Hotel Car Park Total: 34,758 tonnes of CO 2 -e Indirect GHG emissions from purchased electricity is the largest emission source, contributing approximately 89% of the total GHG emissions. Direct emissions from stationary combustion sources, such as Towngas and natural gas boilers consumed by Hotel, is the second largest source, which accounts for approximately 8% of the total GHG emissions. Other indirect emissions due to paper waste disposal in Hong Kong, electricity used for water and sewage processing in Hong Kong, and business air travel collectively made up 1.5% of the total GHG emissions. EarthCheck Silver Certified (2019) 7 Guidelines for Accounting and Reporting Greenhouse Gas Emissions – China Public Building Operator Units (Enterprises) (Trial). 8 The Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (revised edition). 9 Including car park bays that are owned or managed by the Group only.