New World Group Presents Its First Sustainability Report to Enhance Visibility and Communication with Stakeholders
New World Development Company Limited (the "Group"; Stock Code: 17.HK) understands the importance of sustainable development towards corporations. To this end, the Group promoted different facets of sustainable development in a series of projects over the past year. To enhance visibility, the Group presented its first sustainability report, which includes information on the Group's sustainable development in the aspects of management, community initiatives, talent development and environmental protection in 2013, allowing stakeholders to gain a better understanding of the Group's objectives, goals and promises for a sustainable future.
Adrian Cheng, Executive Director and Joint General Manager of New World Development Company Limited, wrote in the sustainability report, "The Group's first sustainability report gives an account of our approach towards corporate sustainability and highlights the key initiatives taken in the areas we focus on during the past year. We focus on making the best use of our resources on art and culture, youth development, and environmental protection. Against this backdrop, the Group has implemented a series of programmes which promote the mentioned key areas. As a property developer, we strive to contribute to a better living environment through innovation and sustainable growth. To this end, green designs and provisions are carefully incorporated into our property projects."
The Group's sustainability report referenced Global Reporting Initiative ("GRI"), and The Stock Exchange of Hong Kong Limited's Environmental, Social and Governance Reporting Guide. The content of the report has also been verified by Hong Kong Productivity Council.
In addition to covering business operations and the management, policies, corporate leadership and stakeholders' participation of sustainable development, the report also delves into the Group's achievements in community initiatives and environmental protection, including the sustainable community programme New World Springboard, arts and culture, talent development and LEED. The comprehensive report also features numerous case studies and essays by partnering organisations.
The Group is eager to enhance visibility and communication with stakeholders and will continue to present sustainability reports in the future as part of its efforts in sustainable development, allowing stakeholders to have a firmer grasp of the Group's policies, promises, progress and achievements on this front.
For details of the Group's Sustainability Report 2013, please visit sr.nwd.com.hk.
New World Development Company Limited
New World Development Company Limited ("The Group"; Stock Code: 17.HK) is a leading conglomerate based in Hong Kong. The Group was founded in 1970 and publicly listed in Hong Kong in 1972. It is a constituent stock of the Hang Seng Index with a total asset value of HK$332.2 billion as at 30 June 2013.
For more than four decades, the Group has expanded from a single focus on the property business to four core areas: property, infrastructure, services and department store. As at 30 June 2013, the Group has an effective interest of approximately 61.1% in NWS Holdings Limited (Stock Code: 659.HK), approximately 69.8% in New World China Land Limited (Stock Code: 917.HK) and approximately 72.3% in New World Department Store China Limited (Stock Code: 825.HK).