In our managed properties, new programmes are in progress that seek the co-operation of our supply chain to reduce energy consumption in building usage, create more efficient waste recycling logistics, track and systematically reduce waste in petrol and diesel consumption and replace building infrastructure systems to be more eco-efficient. An energy audit is now conducted on each building we manage to compare performance and identify new areas of savings. Such initiatives are benchmarked against our internal KPIs for safety and environment.

In mainland China our property management business enhances our reputation for best practice in the industry. In managing the office and commercial centres in the capital cities of Beijing, Shanghai and Chongqing, we have adopted a programme of introducing Hong Kong standards to management on a gradual change basis to solicit customer and owner buy-in and securing the step by step improvement of local standards. In 2006, we took the bold step forward in securing ISO14000 certification for all of our mainland China managed properties, thus setting a high standard of practice that reflects our brand reputation in services delivery.