Annual Report 2023

65 2023 Annual Report Transport International Holdings Limited Green Finance LWB recently closed a HK$200 million sustainability- linked loan facility with Bank of China (Hong Kong) Limited (“BOCHK”) in 2023, bringing the Group’s total green loan and sustainability-linked loan facilities to HK$3,800 million. This figure represents more than 50% of our overall loan facilities, demonstrating the Group’s significant efforts to propel Hong Kong towards achieving zero emissions through the use of green finance. We have established key sustainability performance targets that focus on reducing greenhouse gas emissions from our buses, increasing green procurement practices, and enhancing average training hours for employees. Moving forward, TIH Group will continue to identify suitable financing solutions that will drive Hong Kong’s transportation industry into a new era of sustainability. Greenhouse Gas Emissions Reduction KMB and LWB seek to minimise greenhouse gas emissions by judicious application of the latest technologies and interventions. Environmental Bus Fleet We invest in eco-friendly buses that meet the strict exhaust emission standards of the European Council of Environmental Ministers to create a better environment and minimise climate-related impacts. At the end of 2023, the KMB fleet comprised 855 Euro VI buses (including three Euro VI diesel-electric hybrid buses), 2,934 Euro V buses, and 56 battery-electric buses, including an addition of 24 new-generation electric buses; while the LWB fleet consisted of 156 Euro VI buses, 116 Euro V buses and four battery-electric buses. The new double-deck electric buses are zero-emission buses that meet the latest standards of KMB, including equipped with solar panel systems, and providing free 5G Wi-Fi internet connection services and featuring ventilation windows. The majority of these buses have been deployed on routes passing through busy corridors to improve the roadside air quality in high-traffic areas. We have been replacing older bus models with the latest and more energy-efficient bus models to enhance our bus fleet’s longevity and environmental performance to achieve zero emissions. The average age of the KMB bus fleet is 7.5 years, while that of LWB is 4.4 years. The first batch of electric double-deckers has been deployed in the Anderson Road Development Area, receiving strong support from a large number of locals on its maiden trip LWB signs its first sustainability-linked loan facility with BOCHK, demonstrating the Group’s commitment to promoting green transportation