HKSTP to Achieve Net Zero by 2045 via Green Innovation and Investment

As the first statutory body in Hong Kong to commit to net zero by 2045, Hong Kong Science and Technology Parks Corporation (HKSTP) unveiled its Net-Zero 2045 Vision in June 2023 to ensure its operations meet the Corporate Net-Zero Standard established by the Science Based Targets initiative (SBTi) five years ahead of Hong Kong’s Climate Action Plan 2050 Carbon Neutrality target.

Featuring near- and long-term targets covering SBTi’s Scope 1, 2 and 3 carbon emissions across its own operations and extended value chain, the near-term targets by 2030 include reduction of 42 per cent carbon emissions in operations; reduction of 25 per cent carbon emissions in downstream leased assets; and reduction of 52 per cent carbon emissions intensity (per square metre) from capital goods.

To start this journey, HKSTP is formulating a decarbonisation roadmap focusing on areas such as building energy efficiency, retro-commissioning and retrofitting.

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According to Albert Wong, CEO of HKSTP, the commitment also involves building a green tech and green finance ecosystem, which would hopefully set off a cluster effect to launch climate and sustainability innovations from Hong Kong to the world and vice versa.

For details on HKSTP’s sustainability initiatives, please refer here. —Construction+ Online

Source: Hong Kong Science & Technology Parks Corporation