Hong Kong’s New World Development pledges to ditch coal as part of ESG targets
One of Hong Kong's biggest family firms, New World Development, plans to beef up its ESG vision, leading the way for other family offices and family firms in the region.
.jpg&c=1&h=677&q=100&v=20242731&w=1204)
One of the largest foreign direct investors in mainland China, Hong Kong developer New World Development Company, has pledged to divest from coal mines and coal-fired power plants as part of its ESG targets.
The $77 billion property developer plans to achieve 100% renewable energy for its rental properties in the Guangdong-Hong Kong-Macao Greater Bay Area by 2026 and Greater China by 2031.
According to Adrian Cheng, chief executive officer of the Hong Kong conglomerate, the deve…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.