Sustainability

Sustainability

HPH Trust's Environmental Target

1GHG emissions include CO2, CH4, N2O and HFCs, and are converted to reflect the CO2 equivalent.
2Market-based target. The emissions intensity target is not set in alignment with any international agreement on climate change. The target applies to the core port operations at HIT and YANTIAN.

Performance Monitoring

In 2025, HPH Trust has reduced its overall emissions intensity by 29% compared to the 2021 baseline year level, nearing its 2030 target of a 30% reduction. The reduction was driven by the continued electrification of port equipment, including the conversion of 13 hybrid yard cranes to electric models at HIT and the expansion of the electric truck fleet at YANTIAN from 83 to 256 vehicles, alongside the upkeep of high online rates.

Meanwhile, the Trust's estimated Scope 3 emissions for the year is 254,314 tonnes CO2e, which was an 8.4% increase from the previous year level. The two major contributing categories remain as Category 1 - Purchased goods and services and Category 3 - Fuel- and energy-related activities. The Trust will continue to explore decarbonisation opportunities through enhancing operational efficiency, promoting the use of clean fuels in port premises, accelerating the electrification of port vehicles and equipment, and adopting other emissions-reducing initiatives across its value chain.

Energy Saving and Emissions Reduction

Key Initiatives in 2025

2The percentage of operations powered by electricity rather than traditional fuel for the eRTGC fleet.

HPH Trust

Notes:

  1. Represents the core port operation of HIT and YANTIAN.
  2. Scope 1 Emissions (tonne CO2e) is the GHG emissions from sources that are owned or controlled by the port.
  3. Scope 2 Emissions (tonne CO2e) is the GHG emissions from the generation of purchased electricity, steam, heat and cooling.
  4. Emissions intensity (kg CO2e/TEU), is the total of Scope 1 and Scope 2 GHG Emissions divided by the port's annual throughput.
  5. The emission factors applied for the calculation of Scope 1 are adopted UK Government GHG Conversion Factors for Company Reporting and USEPA's Emission Factors for Greenhouse Gas Inventories.
  6. The emission factors applied for the calculation of Scope 2 GHG Emissions are adopted from CLP Sustainability Report and Ministry of Ecology and Environment of the PRC’s Notice on the Announcement of Power Carbon Dioxide Emission Factor for 2023.
  7. To view the environmental performance of HIT and YANTIAN, please visit their respective websites.

Climate Change

The Trust recognises the potential risks that climate change poses to its business and acknowledges the importance of enhancing its climate resilience by implementing dedicated management approaches. It is also progressively enhancing its disclosures of climate-related risks and opportunities by incorporating the disclosure requirements of ISSB’s IFRS S2 Climate-related Disclosures for the first time in this report section.

1 Rising sea levels was also considered in the risk identification process for its high relevance to ports which operate in coastal areas, but after considering the expected sea level rise till 2050 and the specifications of existing infrastructure at HIT and YANTIAN, rising sea levels were found to pose a relatively low risk.

In the second half of 2024, the Trust conducted a climate scenario analysis to assess the financial impacts of material physical and transition risks under two different future scenarios, thereby evaluating the climate resilience of its operation strategy. These scenarios were formulated by referring to the climate and transition pathway projection published by reputable external bodies. Physical risks were modelled using the Intergovernmental Panel on Climate Change AR6 SSP1-2.6 and SSP5-8.5 scenarios, while transition risks and opportunities were analysed using the Network for Greening the Financial System (“NGFS”) Current Policies and Net Zero 2050 scenarios.

Key findings and responses

Water and Waste Management

The Trust adheres to the 3R principles (repurpose, reduce and recycle) to maximise material repurposing. This approach involves reusing materials where possible before recycling them, thereby minimising waste generation and promoting the transition to a circular economy

Biodiversity

Protecting biodiversity is essential for maintaining healthy and resilient ecosystems, and mitigating the effects of climate change. Although neither HIT nor YANTIAN operates in or near an ecologically sensitive area, the Trust recognises its role to protect nature and respect all lives on earth during its operations. Beyond complying with environmental regulations and standards, the HPH Trust Biodiversity Policy sets out how the Trust manages its direct biodiversity-related impacts by protecting natural resources, minimising the impacts of its business activities and enhancing awareness among stakeholders.

Please click here to view the Sustainability Performance Metrics on pages 70-77 of the latest annual report.

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