Survey: Hong Kong Construction Association’s ESG Recognition Scheme Shows Wide Adoption of ESG Actions by Frontline Construction Practitioners, Nearly 70% Participation

HONG KONG SAR – Media OutReach Newswire – 10 April 2024 – Hong Kong Development Affiliation (HKCA) launched the “ESG Recognition Scheme” in December 2022 with a funding of HK$10 million, which incorporates the institution of an industry-wide ESG database and the supply of rewards for practitioners who set up an ESG work mode via the “ESG BUILD FUN” cellular app. To this point, 106 websites have joined the programme, and the cellular app has recorded over 200,000 engagements. A survey performed by HKCA final month on practitioners collaborating within the programme discovered that ESG actions have been extensively adopted within the {industry}, not simply by senior executives and administration, but additionally by employees or frontline employees at building websites who constituted almost 70% (69.1%) of contributors. The survey additional revealed that the commonest ESG motion undertaken was waste recycling (89.1%), and almost one-fifth (19.1%) participated in 10 or extra ESG actions.

Mr. Eddie Lam, MH, President of HKCA, stated, ” HKCA is a pioneer in selling ESG on this {industry} and has taken the lead in launching the “ESG Recognition Scheme” to information the {industry} in an progressive and sustainable route, and to work along with the area people to attain the objective of carbon neutrality. We’re happy to see that the scheme has helped our {industry} actualise ESG efforts of their on a regular basis follow, resulting in robust participation, particularly from the frontline employees on building websites. We consider that ESG practices will contribute to the long-term growth and progress of the development {industry}”.

Mr. Rex Wong, JP, First Vice President of HKCA, identified that practitioners maintain an optimistic outlook in the direction of ESG within the {industry}. The survey discovered that 90% of the respondents agreed (Strongly Agree: 35.5%; Agree: 55.5%) that ESG can propel the {industry}’s growth and progress, and over 90% (91.8%) of respondents indicated that the “ESG Recognition Scheme” helped them to realize a greater understanding of the topic. As well as, 87.2% of respondents believing that the development {industry} is actively (Very Energetic: 13.6%; Energetic: 73.6%) working towards ESG.

Wong added, “the target of the scheme is to unite the {industry} in working towards ESG for industry-wide enhancement. Each stakeholder, be it massive, medium or small enterprises, house owners, administration or employees, can contribute to the trigger. To determine new behavioural patterns, it is very important ship straight-forward messages and design actions which can be simple to know. Subsequently, the “ESG BUILD FUN” cellular app offers quite a lot of easy ESG duties, encouraging everybody to take part via rewards, the place even consuming water can earn ‘gold cash’ to trade for items, thus popularising ESG actions.”

Different findings from the “ESG Recognition Scheme Platform” survey:

• 96.4% of practitioners recognise that ESG stands for Environmental, Social and Company Governance;
• The highest three ESG indicators are: 1) Waste Administration (76.4%), 2) Vitality and Water Consumption (70.9%) and three) Well being and Security (47.3%);
• Greater than 90% respondents consider (Undoubtedly will: 30%; Will: 61.8%) that the utilisation of innovation and expertise will elevate the {industry}’s ESG efficiency;
• Half of the respondents (50%) consider that ESG behaviour will turn out to be prevalent within the {industry} inside 1 to three years;
• 56.4% of respondents consider that enhancing promotions by the federal government and {industry} is the best method to enhance ESG efficiency, adopted by the supply of incentives (51.8%) and complete coaching (51.8%).

The “ESG Recognition Scheme” contains the institution of an {industry} ESG database, subsidising the usage of progressive applied sciences at building websites, in addition to the usage of the “ESG BUILD FUN” cellular app to offer info and rewards to assist practitioners set up ESG centered actions at work. Via the app, employees can take part in numerous ESG actions and earn cash to redeem prizes with a complete worth of over HK$2 million. Employees may take part within the Grand Fortunate Draw for an electrical automotive. Right this moment, the Affiliation introduced the grand prize winners and hosted an award presentation ceremony.

For additional info, please contact the Affiliation Secretariat or go to www.hkca-esg.com.hk.

Hashtag: #HongKongConstructionAssociation

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