Analogue

Analogue Develops Sustainability Targets to Foster ESG Development

安乐工程集团制定可持续发展目标　全方位推动ESG发展

Analogue Holdings Limited (stock code: 1977) views sustainability as the heart of the value we bring to our stakeholders. In a spirit of craftsmanship and professionalism, we work to co-create quality built environments and a smarter, more connected and sustainable future, through leveraging our technological capabilities.

To further demonstrate our dedicated efforts towards a sustainable future, we have recently announced specific targets in our 2023 Environmental, Social and Governance (ESG) Report, across four sustainability pillars: Decarbonising Our Operations, Driving Smart City Development, Co-creating a Sustainable Value Chain and Championing Our People.

Chairman of Analogue Holdings Limited Dr Kim Mak emphasises that sustainability is integral to every facet of our Group’s business and operations, “We have been leveraging our technological expertise to consistently foster innovation and enhance performance. Through the utilisation of cutting-edge building technologies, such as Building Information Modelling (BIM), Design for Manufacture and Assembly (DfMA) and Multi-trade Integrated Mechanical, Electrical and Plumbing (MiMEP), along with our energy optimisation, alternative energy, and green environmental solutions such as Digital Twin technology, our goal is to maximise the advantages of innovative solutions to facilitate the transition towards a sustainable future.”

Our Group’s specific targets of the four sustainability pillars are outlined below:

Decarbonising Our Operations

• Greenhouse gas emissions reduction: By 2030, reduce Scope 1 and 2 greenhouse gas emissions by 30% from our 2021 baseline
• Energy efficiency: By 2030, reduce energy consumption by 30% from our 2021 baseline
• Green transport: Phase out fuel-propelled vehicles by 2030

Co-creating A Sustainable Value Chain

• Customer satisfaction: Maintain average score of “good” or higher in customer satisfaction surveys
• Subcontractor engagement: Engage more than 50% of our tier 1 subcontractors (those with annual accumulated contract sum over HK$5 millions) in the annual subcontractor forum, “ATAL Quality, Safety, Environment and Sustainability Forum”
• Community investment: 30% increase in total number of volunteer hours by 2030 from our 2023 baseline

Driving Smart City Development

• Green and smart solution: Organise or participate in 15 or more large-scale events to showcase our green and smart solutions annually
• Advanced construction technology: 60% of all building services projects to adopt Building Information Modelling, and DfMA-MiMEP construction technologies by 2030

Championing Our People

• Talent attraction: 10% increase in hiring opportunities for interns, apprentices and fresh graduates by 2026 from our 2023 baseline
• Diversity and inclusion: Increase the proportion of women joining the HKIE Scheme A Graduate Training programme to 20% by 2026; 30% increase in minority employees in the workforce by 2026 from our 2023 baseline
• Training and development: Maintain on average of at least 15 training hours per employee per year by 2025
• Good health and safety: Maintain low industrial accident rate at not more than 2 per 1,000 employees and subcontractors’ workers

To support the implementation of relevant action plans and monitor our progress towards the targets set, our Group has established three Sustainability Working Groups under the Sustainability Committee. We are excited to keep you informed about our sustainability journey through our upcoming e-newsletters. Stay tuned for more updates!

 

Visit our sustainability page to learn more.

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