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HKBN takes climate action to the next level by attaining SBTi validation for our emissions targets. |
Dear Friends of HKBN
HKBN Advances Climate Action Through Technology with SBTi-validated Emissions Reduction Targets
In a major leap forward for our ESG and sustainability journey, we’re thrilled to announce that our emissions targets have been officially validated by the SBTi (Science Based Targets initiative). Representing another bold step in our climate action pledge, HKBN commits to reduce absolute scope 1 and 2 GHG emissions by 50.65% by FY2030 from a FY2022 base year. HKBN also commits to reduce absolute scope 3 GHG emissions from purchased goods and services and the use of sold products by 25.00% within the same timeframe. This ambitious stance underscores our commitment to advance ESG progress, aligning with the SBTi’s Business Ambition to cap overall global temperature rise to 1.5°C.
To hit these emission targets, we will be stepping up efforts to enhance our energy efficiency through technology upgrades and business restructuring. Key measures in the pipeline include network technology upgrades, network optimisations, data centre integration, and a greater focus on sustainable procurement. By smartly consolidating resources, we will proactively minimise waste generation and lower our carbon footprint – to pave the way for a more sustainable future.
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Guided by our core purpose of “Make our Home a Better Place", we have continued to make a difference by spearheading ESG initiatives. The SBTi validation further cements HKBN’s leadership role as an ESG enabler. We will continue to promote technological innovation and sustainable practises, and contribute towards building a greener, low-carbon future. William Yeung, |
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Our ESG journey has been marked by notable achievements. In 2022, Morgan Stanley Capital International (MSCI), a global leader in financial and ESG assessment, upgraded HKBN’s ESG performance to the highest possible AAA rating in 2022, a distinction that we still maintain today. This places us among the top 14% of telcos worldwide. Since 2016, HKBN has been a constituent of the Hang Seng Corporate Sustainability Benchmark Index, earning an AA rating for three consecutive years (2020, 2021 and 2022), which was further elevated to AA+ starting from 2023.
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26 September 2024 |
Leading through purpose, HKBN tops Hong Kong’s telco industry in ESG*
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*Based on the Hang Seng Corporate Sustainability Benchmark Index and MSCI’s ESG Ratings
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