New World Development Recognised as Top 20 Performer in Corporate Sustainability

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New World Development Recognised as Top 20 Performer in Corporate Sustainability

New World Development Company Limited (the “Group”; Stock Code: 17.HK) is recognised as a top 20 performer in the Hong Kong Business Sustainability Index (HKBSI) for the continuous efforts in embracing corporate sustainability practices by its management and staff in daily operations.

Dr Adrian Cheng, Executive Vice-chairman and Joint General Manager of New World Development Company Limited, said, “This recognition is a testament to the Group’s efforts to align with international best practices in corporate sustainability. Further to the Group’s recent inclusion as a constituent stock of Hang Seng Corporate Sustainability Index, we are honoured that our work is also acknowledged by academia through the HKBSI. Being selected as one of the top 20 performers in corporate sustainability is indeed a great encouragement to us and we will continue our best efforts to promote corporate sustainability.”

While pursuing a balance among profit, people and planet, the Group strives to make the community a better place for everyone and for the next generation. An all-encompassing approach on corporate sustainability (CS) is adopted to ensure the Group fulfils its environmental and social responsibilities while providing a reasonable return to its investors.  Key CS initiatives include incorporating innovative environmental considerations into development projects, the flagship sustainable community project New World Springboard which provide under-resourced youths with free, long-term sports training, and comprehensive and inspiring talent development programmes for staff of different levels and for the young generation who aspire to become future leaders. The Group has earned various certifications and recognitions for its continued efforts in sustainability initiatives and programmes for its social, environmental and economic achievements.

To promote the appreciation and adoption of corporate social responsibility (CSR) as a progressive model for achieving business sustainability, the Sustainability Management Research Centre of the Department of Management and Marketing at The Hong Kong Polytechnic University has joined forces with the Hong Kong Council of Social Services and Hong Kong Productivity Council to compile the Hong Kong Business Sustainability Index.  It holistically assesses the performance and achievements of individual companies in their CSR effort to be responsible and caring towards stakeholders in terms of values, management and projects, as well as their contribution to economic, social and environmental sustainability.

For further information on the Group’s sustainability endeavours, please download the Group’s Corporate Sustainability Report from sr.nwd.com.hk.

 

New World Development Company Limited

Founded in 1970, New World Development Company Limited (“New World Group”, Stock Code: 17.HK) was publicly listed in Hong Kong in 1972 and is a constituent stock of the Hong Kong Hang Seng Index. A diversified holding company with a focus on property development, New World Group’s core business areas include property development, retail, hotels and service apartments, and infrastructure and service. As at 30 June 2015, the total asset value of the Group amounted to HK$397.9 billion.

As at 30 June 2015, the Group has an effective interest of approximately 61.3% in NWS Holdings Limited (Stock Code: 659.HK), approximately 69.6% 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).