09 Jul 2019

JEC Commits BEC Low Carbon Charter

Together with 30 leading companies across Hong Kong’s property and construction industries, JEC recently signed up Business Environment Council’s (BEC) Low Carbon Charter in response to the goals of the United Nations Framework Convention on Climate Change (UNFCCC)’s Paris Agreement. Signatories are required to set decarbonisation targets, implement actions to achieve individual targets, report progress regularly and spread the cause among their peers to join the decarbonisation journey.

Effective since 2016, the Paris Agreement marks the collective efforts from more than 190 countries towards climate mitigation, adaptation and finance. To meet the goals of the Agreement, a 49% to 72% reduction in absolute carbon emissions by 2050 is needed globally. Decarbonising the property and construction industries is critical towards Hong Kong’s low-carbon transition and long-term decarbonisation roadmap, as over 90% of electricity consumption and more than 60% of greenhouse gas emissions are attributed to buildings; while construction process and construction materials account for 15% to 20% of buildings’ lifecycle carbon footprint.

Image A member of the Jardine Matheson Group