LI Hiu-ki - Able Engineering Company Limited

SCA 2018 Young Practitioner - Outstanding Award

This project consists of the 3 - storey podium of approximately 18 m high from ground floor contains building services rooms, Estate Management Office, Owners’ Corporation Office and covered landscaped area. The company implemented a Source Separation and Recycling Program to fully separate inert, non-inert waste and plastic recycling station to enhance the quantity of recycling waste. The company cooperated with Shing Hing Hong Recycling Service Company, Chun Shing Development (HK) Limited and K.Wah Construction Materials Limited to reuse or convert the waste to fuel for local use.

DIY Lemongrass Insect Repellent Brick Workshop was held at the SKH Crown of Thorns Church Sadick Kindergarten. Parents and children make their own insect repellent bricks in different shapes. In order to enhance their understanding in ensuring good hygiene and clean environment, visitors were introduced to the company’s site operation and anti-mosquito measures.

She was received the second runner-up in Safety Quiz 2017 Enterprises Final which is co-organized by Occupational Safety and Health Council and Labour Department with colleagues. Also, she join the Occupational Health Award 2017-18 with colleagues. Meanwhile, she becomes a trainer to site staff at all level regularly.

She took examples from Japan to use colourless recycling bin and purchased pressurised containers’ bottle opener to release the rest of gas. She promoted Green Procurement “Mr. Stone makes plastics from the rock” and encourage the use of DIY design on the real-time PM2.5 air monitoring sensor. Also, she helps environmental manager with implementing the innovative dust and noise mitigation measures.

About the Model

The HKSAR Chief Executive had announced in the 2017 Policy Address to position Hong Kong as an Asia’s green finance hub for raising green capital. In view of the substantial GDP contributed by the construction sector annually, the construction industry has a high potential to meet the trend of green finance. Thus, there is a need to well define the green standard and system to facilitate the application of green finance in construction industry.

The Model aims to act as an interactive guide on environmental practices and advanced technologies for construction projects which is compatible with international green bond/loan principle. Green finance can mobilise capital for green and low carbon investments in the construction industry. Public owners, developers, contractors and suppliers could issue green financial instruments for funding their projects with reference to the guideline of this model.

Interactive guide to classify construction practices based on green finance principle

Interactive guide to classify construction practices based on green finance principles

User-friendly model for set up its own checklist and sustainability KPIs

User-friendly model for set up its own checklist and sustainability KPIs

Sustainable hub to share latest local and intentional solutions

Sustainable hub to share latest local and international solutions

Why the Industry Needs Green Finance?

  • Green finance providing benefits for assisting the transition from the ‘brown’ to the ‘green’ construction.
  • Green finance can mobilise capital for green and low carbon investments in the construction industry
  • Stakeholders can seek opportunities for long pay back initiatives and low interest rates when adopting advanced and innovative measures.
  • To encourage investors from the Mainland along the Belt and Road as well as international investors to arrange green financing through Hong Kong construction capital markets.

Components of Green Bond/Loan Principles

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Green bond/ loan proceeds are to be applied for environmental (or “green”) projects with an indicative list of eligible project categories. See the figure below for the 10 eligible Green Project Categories.

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Recommends issuers/ borrowers to disclose their overall green objectives, the process used to determine eligibility of green projects, and the process to manage environmental and social risks of these projects.

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The net proceeds of the Green Bond/ Loan, or an amount equal to these net proceeds, should be credited to a sub-account, moved to a sub-portfolio or otherwise tracked by the issuer/ borrower in an appropriate manner, and attested to by the issuer/ borrower in a formal internal process linked to the issuer’s/ borrower’s lending and investment operations for green projects.

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Recommends annual reporting of the amounts allocated and results of the eligible green projects.

Green Project Categories

Key Features

no. of sustainability measures compatible with international green bond and green loan principle
41
no. of sustainability measures compatible with international green bond and green loan principles
no. of stakeholders and green finance experts engaged
162
no. of stakeholders and green finance experts engaged
no. of pilot projects
30
no. of pilot projects

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