Hong Kong Developers Spearhead Initiative to Cut Supply Chain Emissions in Construction: A Move Towards Low-Carbon Building Materials and Sustainable Practices

Hong Kong builders are taking action to reduce carbon emissions in construction and production of building materials. Significant changes in purchasing, policy rewards, and technical paperwork structures are needed to encourage investments, according to the alliance. The alliance reiterates the need for significant changes in purchasing, policy rewards, and technical paperwork structures to stimulate investments.

Over a dozen property developers and construction companies in Hong Kong have established a task force to unify the procurement of eco-friendly construction materials, as a component of their strategies to combat climate change.

The organization called the Hong Kong Proptech Alliance is making efforts to reduce or halt the production of emissions from building materials throughout the industry's supply chain. Significant changes in procurement, policy incentives, and technical documentation structures are necessary to stimulate investments. These investments will aid the construction industry in moving towards low-carbon products and manufacturing, according to the executives.

The consortium consists of Hongkong Land, Sino Group, Swire Properties, and New World Development, along with Airport Authority Hong Kong and property investment manager Hines Asia-Pacific. They partnered with advisory company Reset Carbon on Thursday to fulfill their long-term objectives, as per an official announcement.

The primary issue we, along with the rest of the industry and providers in Hong Kong and mainland China are facing, is the unclear information regarding the availability and reliability of low-carbon construction materials," stated Kent Jan, the leader of digital transformation and innovation at Hongkong Land, the largest property owner in Central.

Government statistics reveal that around 60% of Hong Kong's carbon emissions are due to power usage in structures. Worldwide, the Royal Institution of Chartered Surveyors in the UK reports that 28% of emissions are produced from the ongoing operations of buildings, with an additional 11% coming from the building process and the manufacturing of construction materials.