HKGBC Climate Change Framework for Built Environment

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To address the great demand from the building industry for clear net zero definitions and mechanisms, the Hong Kong Green Building Council has recently launched the Climate Change Framework for Built Environment, which serves as a reference tool to facilitate the industry to set zero carbon target, manage climate risk and contribute to Hong Kong’s carbon neutrality roadmap.

 

Highlight from the Framework:

  • The Framework covers several major areas including embodied carbon, operational carbon, climate risk assessments and disclosure as well as climate adaptation and resilience.
  • It also sets out the definitions related to carbon neutrality in Hong Kong, calculation methods of energy and carbon based on those definitions, benchmarking schemes and reference data for managing climate risks.
  • As mentioned in the Framework, it also aims to facilitate the industry in demonstrating the justifications for green finance and post-issuance evaluation of the performance.

Green finance is indeed essential in facilitating the building industry’s transition to carbon neutrality. On this front, the Hong Kong Green Finance Association (HKGFA) is committed to leading the formulation of a vibrant ecosystem and driving more discussions between green finance experts and industry stakeholders through our platform and the five newly restructured working groups including an important one on Real Estate, contributing to advancing Hong Kong’s role as an influential global green finance center.

Source: Hong Kong Green Building Council

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