The Carbon Neutrality Commitment/Carbon Neutrality Planning during the construction period

O⬝PARK2 Carbon Neutrality Planning during the construction period

To initiate the “Carbon Neutrality” plan and practices, CSHK has set up a carbon neutrality working group for the O⬝PARK2 project to carry out professional carbon emissions and data quantification according to chosen greenhouse gas quantification standards.

The quantification uses the operational control approach to determine the organizational boundary, covering the period from September 5, 2019 to August 31, 2021. The quantification methodology refers to the “ISO 14064-1 Greenhouse gases — Part 1: Specification with guidance at the organization level for quantification and reporting of greenhouse gas emissions and removals” and the “PAS 2060 Specification for the demonstration of carbon neutrality” to identify direct and indirect carbon emissions sources of the facilities controlled by CSHK at the operational level and quantify the identified greenhouse gas emissions. The quantification of greenhouse gas emissions at O⬝PARK2 will cover the works undertaken by CSHK during the construction period, including site investigation, site formation, office building and dismantling, earthworks and pile foundation works, main structural engineering, roadworks, drainage and public utility works and daily operation of the site office.

Based on the above description, the Carbon Neutrality Working Group has composed a greenhouse gas inventory.

Greenhouse gas emissions scope and sources of O⬝PARK2 at the operational level of CSHK

Note: Method of quantification is based on the emission factor approach, i.e.GHG Emissions=Activity Data×Emission Factor

During the reporting period from 5 September 2019 to 31 August 2021, the total greenhouse gas emissions in O⬝PARK2 of CSHK was 18,337 tonnes of carbon dioxide equivalent, in which the emissions of the site accounted for 17,406 tonnes of carbon dioxide equivalent, and the emissions of the site office accounted for 932 tonnes of carbon dioxide equivalent.