ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT (CONTINUED)
3. ENVIRONMENTAL STEWARDSHIP
The Hong Kong Ferry Group pursues environmental stewardship with a great sense of responsibility and drive. We systematically manage our energy consumption and efficiency, GHG emissions, waste management and water consumption. Various initiatives and systems allowed us to achieve greater resource efficiency and to minimise our environmental footprint.
a.
Energy Efficiency and Emissions
The Hong Kong Ferry Group made great strides in improving our energy efficiency this reporting year by implementing the plan to replace all traditional T8 fluorescent tubes with more energy-efficient LED tubes throughout our principal office and subsidiaries' offices. At The Hongkong and Yaumati Ferry Company Limited, our energy consumption during night shifts was further reduced by replacing traditional halogen lamps with LED High Bay lighting. This reduced light dissipation in our large industrial spaces with high ceilings. The Hong Kong Shipyard Limited and Harbour Cruise - Bauhinia also contributed to this effort through the installation of motion sensors and timer switches, respectively.
In order to gauge the positive outcomes of the energy retrofits, specialized consultants were commissioned to monitor actual consumption reduction by installing metering at high energy-consuming facilities. The quantification of our energy efficiency initiatives is crucial to identifying further energy-saving opportunities. Our Year 2016 Energy Baseline has been established, which will inform our target-setting for future years.
Our environmental stewardship values also extend to the operations of our Property Development business division. Taking energy and carbon reduction initiatives into consideration from the planning phase is indispensable to conducting our projects in a sustainable way. For example, energy-simulation modelling studies are conducted to determine the most optimal integration of energy-saving approaches. We also closely adhere to the energy efficiency requirements of the Performance-based Building Energy Code of the Hong Kong Government's Electrical and Mechanical Services Department.
Since 2011, the Energy and Carbon Management Programme has been in place at our more fuel-intensive subsidiaries: The Hong Kong Shipyard Limited and The Hongkong and Yaumati Ferry Company Limited. Results of the carbon audits are disclosed on the Environmental Protection Department's online Carbon Footprint Repository for Listed Companies in Hong Kong for 2014. External consultants have conducted continuous gap analyses for the two subsidiaries, and advise the management of practical measures to drive steady emissions reductions. For example, The Hong Kong Shipyard Limited purchased a set of air compressors with frequency inverters in July 2016, saving a total of 42,900kWh which is equivalent to HK$34,320 in tangible overhead cost-savings.
Hong Kong Ferry (Holdings) Company Limited
Annual Report 2016
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