Sustainability

Sustainability

Emissions Intensity Target

1Market-based target.

Performance Monitoring

In 2023, HPH Trust has achieved a decrease in overall emissions intensity by 10% compared to the previous year, and 25% compared to 2021 level. The substantial reduction can be attributed to the Trust's continual efforts in greening its operations. Throughout the year, the Trust continued the expansion of green fleets, improved the eRTGC online rate and installed additional reefer plugs to minimise reliance on fossil fuels. Additionally, the Trust implemented various strategies to decrease its grid electricity consumption. It pioneered green technologies, increased its onsite solar photovoltaic capacity, upgraded to LED lighting, and promoted efficient electricity consumption.

As a responsible corporation, the Trust continues to promote transparency on its carbon footprint and proactively seeks decarbonisation opportunities. In 2023, for the first year, the Trust has mapped out its value chain emissions impact to gain a deeper understanding of its footprint and the activities of its business partners. This exercise is an integral step in the development of the Trust's net zero strategic roadmap. It has estimated Scope 3 emissions of 228,541 tonnes CO2e, which is dominated by two key Scope 3 categories: purchased goods and services, and fuel- and energy-related activities.

The Trust remains firmly committed to accelerating its decarbonisation progress as it continues to enhance operational efficiency and minimise emissions across its value chain. Further details on the Trust's net zero planning will be revealed in the future.

Green Fleets at HPH Trust

Energy Saving and Emissions Reduction

Key Initiatives in 2023

1The percentage of operations powered by electricity rather than traditional fuel for the eRTGC fleet.
1 Scope 1 emissions are direct GHG emissions from sources controlled by HPH Trust, including natural gas, liquefied natural gas, petrol, diesel and liquid petroleum gas used on-site.
2 Scope 2 emissions are indirect GHG emissions generated from electricity purchased by HPH Trust.
3 Scope 3 emissions are indirect GHG emissions that occur upstream and downstream from HPH Trust. The estimated Scope 3 emissions covered eight Scope 3 categories relevant to port terminals under operational control of the Trust, including purchased goods and services, capital goods, fuel- and energy-related activities, upstream transportation and distribution, waste generated in operations, business travel, employee commuting and investments.

Notes:

  1. Represents the core port operation of HIT and YANTIAN.
  2. Scope 1 Emissions (tonne CO2e) is the GHG emissions from sources that are owned or controlled by the port.
  3. Scope 2 Emissions (tonne CO2e) is the GHG emissions from the generation of purchased electricity, steam, heat and cooling.
  4. Emission Intensity (kg CO2e/TEU), is the total of Scope 1 and Scope 2 GHG Emissions divided by the port's annual throughput.
  5. The emission factors applied for the calculation of Scope 1 are adopted UK Government GHG Conversion Factors for Company Reporting and USEPA's Emission Factors for Greenhouse Gas Inventories.
  6. The emission factors applied for the calculation of Scope 2 GHG Emissions are adopted from CLP Sustainability Report and MEE of PRC's Notice on Doing a Good Job in Reporting and Management of Greenhouse Gas Emissions of Power Generation Enterprises.

Climate Change

To keep stakeholders informed regarding the Trust's current position on climate change, it has further aligned its reporting with the recommendations of the TCFD.

Through forward-looking analysis, the Trust initially identified several climate-related risks and opportunities that could have significant implications on its operations. A three-step process was taken to identify the climate-related risks and opportunities:

  1. Identify - With reference to the key climate impact drivers in the Sixth Assessment Report of the United Nations Intergovernmental Panel on Climate Change (“IPCC”), peer analysis and international reporting standards, a long list of climate-related risks and opportunities relevant to the port industry was identified.
  2. Engage and prioritise - Through workshops, internal stakeholders with first-hand experience on port operations were engaged to obtain their feedback on the long list and identify any climate-related topics that were not covered by the long list. By considering the impact and likelihood of the climate-related risks and opportunities identified, a preliminary list of six key climate-related risks and opportunities were selected.
  3. Validate - The preliminary list of key climate-related risks and opportunities was presented to the Sustainability Working Group and the Sustainability Committee for validation and approval.

Through the three-step process, the Trust prioritized the six risks with the most relevance and impact level to the port industry and its operations. By considering the business planning cycle and asset life of the Trust, the following definitions of time horizons were adopted in discussing climate-related risks and opportunities:

The following table outlines the key risks.

1 Rising sea levels was also considered in the risk identification process for its high relevance to ports which operate in coastal areas, but after considering the expected sea level rise till 2050 and the specifications of the existing infrastructure of HIT and YANTIAN, it was considered that rising sea levels would pose a relatively low risk to HPH Trust's port operations.

Water and Waste Management

The Trust implements 3R principles to maximise the repurposing of materials, before they undergo recycling for further utilisation, to minimize waste generation and facilitate the shift towards a circular economy.

Biodiversity

1 The percentage of operations powered by electricity rather than the traditional fuel for eRTGC fleet.

Please click here to view the Sustainability Performance Metrics on pages 83-91 of the latest annual report.

Back
to Top