Wing Lee Development Construction posts 2025/26 ESG report: emissions -3.6%, first HK$20 million green loan accelerates equipment electrification

Bulletin Express
Jul 28

Wing Lee Development Construction Holdings Limited (Wing Lee Dev) released its 2025/26 ESG report, detailing governance upgrades, quantified environmental results and expanding green-finance initiatives. The report covers the period from 1 April 2025 to 31 March 2026 and the Group’s Hong Kong-based operations.

Governance • Board-level oversight now integrates climate, risk and target-setting; ESG disclosures follow Appendix C2 of HKEX Listing Rules and ISO 14001/ISO 45001/ISO 9001 certified systems. • A full-year materiality review ranked operational compliance, sustainable operations and environmental compliance as top issues.

Environmental performance • Scope 1 emissions 1,145.90 tCO₂e and Scope 2 emissions 119.80 tCO₂e; combined Scope 1+2 fell 3.6% year-on-year to 1,265.70 tCO₂e, or 2.00 tCO₂e per HK$1 million revenue (revenue: HK$620.32 million). • Total energy consumption 4,987.30 MWh (-4.8% YoY), equal to 8.00 MWh per HK$1 million revenue. • Water use rose to 3,935 m³ (+50.0% YoY) after office relocation and the commissioning of the Zero Carbon Smart Space. • Non-hazardous waste totalled 11,648.10 tonnes, mainly inert construction materials; hazardous office waste comprised 40 toner cartridges, 8 ink cartridges and 18 electronic units. • Environmental targets: maintain or lower intensity for GHG, energy, water and waste within five years versus 2024/25 baseline.

Green-finance and decarbonisation initiatives • Secured Hong Kong’s first HK$20 million green loan dedicated to noise-mitigating, low-emission equipment; HK$7.10 million utilised during the year to purchase 66 QPME-compliant electric units (3 electric light trucks, 63 generator sets), cutting generator noise by up to 15 dB. • Formed the “Zero Carbon Smart Alliance” with CATL, SANY and others, and opened the 4,500 m² Zero Carbon Smart Space demonstration base in Yuen Long. The on-site PV-storage-charging-swapping system generated 17,016 kWh, all exported to the grid under Hong Kong’s Feed-in Tariff scheme. • Deployed 14 new energy vehicles and continued electrification of construction machinery.

Health & safety • No work-related fatalities for the third consecutive year; 3 injuries led to 164 lost working days. • 4S Smart Site Safety System rolled out across all projects, providing real-time AI monitoring of worker vitals, equipment status and site hazards.

Workforce & community • Headcount 362 (82% male); turnover 62.2% driven by project completions. • 90.9% of staff received training; average 1.1 hours per employee. • Donated HK$60,000 to local charities and maintained “Caring Company” status for a sixth year.

Looking ahead, Wing Lee Dev targets continued reductions in carbon and resource intensities, broader deployment of electric equipment and deeper integration of climate metrics into risk management.

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