New World Development Company Limited
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Co r po r a t e Su s t a i nab i l i t y
During the reporting period, we complied with all laws and regulations governing the environment, employment,
occupational health and safety and labour standards, including laws prohibiting child or forced labour and those pertaining
to product responsibility, such as the health and safety of customers and the public, advertising, labelling, data privacy and
anti-corruption.
Scope of ESG Disclosures
New World Group’s core business areas span property development, infrastructure and services, retail and hotel operations,
all of which have wide-ranging environmental, social and governance impacts. As a holding company, NWD works in
partnership with its wholly and partially owned subsidiaries as well as major supply chain partners, customers and other
business partners to maintain an appropriate level of oversight for effective risk management.
Our management approach to ESG reflects our corporate structure, with each of the Group’s three listed companies —
NWCL, NWSH and NWDS — exercising operational control in their respective areas of specialisation and expertise. Since the
direct control and substantial influence over ESG impacts of the Group is vested primarily in our property development and
property investment businesses, these segments are the focus of our ESG disclosures in this section:
Property
Services &
Infrastructure
Others
Hotels
Department
Stores
NWS Holdings
Limited *
New World TMT
Limited
NewWorld
Property
Management
Company
Limited
"Tsim Sha Tsui
K11 Art Mall"
"D • PARK"
NewWorld China
Land Limited **
The hotels owned
by NWD including
Grand Hyatt Hong
Kong, Hyatt Regency
Hong Kong, Shatin
& Tsim Sha Tsui,
pentahotel Hong
Kong, Kowloon
and Renaissance
Harbour View Hotel,
Hong Kong are
managed by third-
party operators and
therefore outside
our reporting
boundary.
NewWorld Development Company Limited
NewWorld
Department Store
China Limited *
*
The reporting period of annual reports and sustainability reports for NWSH and NWDS is
from 1 July to 30 June. ESG performance of NWSH and NWDS will be disclosed
independently in their ESG reports, to be published by the end of December 2016 and
mid-November 2016 respectively.
** A publicly listed company in Hong Kong as of 31 July 2016. On 3 August 2016, NWCL has
become an indirect wholly owned subsidiary of NWD. NWCL continues to handle all the
Group's property projects in Mainland China. The listing of the NWCL shares was
withdrawn from the Hong Kong Stock Exchange on 4 August 2016.
The reporting boundary for ESG disclosures by the
Company is indicated by the orange highlights.
Additional reporting on ESG impacts of the Group is
available from other sources, as indicated.
