New World Group Wins 18 Awards in "Take a Brake - Corporate Green Driving Award Scheme"
New World Group (the "Group") wins a total of 18 awards from the "Take a Brake - Corporate Green Driving Award Scheme," organised by Friends of the Earth (HK), for its outstanding performance in promoting a green environment.
Among the 18 awards, New World Development Company Limited claims "Most Significant Fuel Efficiency Improvement - 1st runner-up" for its 23.8% improvement in fuel efficiency, while Hip Hing Construction Company Limited garners "Highest Sustained Fuel Consumption Saver" for its efforts in energy saving.
Awards won by the Group are as below.
| Special Awards | Fuel Efficiency | Fuel Saving |
New World | Most Significant Fuel | Gold | Silver |
NWS Holdings Limited | - | Gold | Gold |
New World China | - | Gold | Gold |
New World First Ferry | - | Gold | Gold |
Hip Hing Construction | Highest Sustained Fuel | Certificate of Merit | Gold |
Vibro (HK) Limited | - | Gold | Gold |
| Free Duty | - | Certificate of Merit | Certificate |
Urban Parking | - | Certificate of Merit | Gold |
New World Group promotes green and sustainable practices among its staff members. Not only that staff members are encouraged to take public transport, company drivers also apply green driving principles which include regular checks on efficiency of company vehicles, reduction on unnecessary loading, good use of green driving techniques, etc.
Placing great emphasis on corporate sustainability, New World Group established in early 2012 the Group Sustainability Steering Committee, chaired by Executive Director and Joint General Manager Adrian Cheng. Responsible for setting the objectives and targets for long-term sustainable growth for the company, its employees stakeholders and the community in general, the Committee has issued the "Sustainability Policy" and "Supplier Code of Conduct."
"Take a Brake - Corporate Green Driving Award Scheme" was held by Friends of the Earth (HK) with an aim to call on corporates and organisations to improve fuel efficiency and cut fuel consumption of their company vehicles, and to promote green driving habits among drivers.
New World Development Company Limited
New World Development Company Limited ("The Group"; Stock Code: 17.HK) is a leading conglomerate based in Hong Kong. The Group was founded in 1970 and publicly listed in Hong Kong in 1972. It is a constituent stock of the Hang Seng Index with a total asset value of HK$286.3 billion as at 30 June 2012.
For more than four decades, the Group has expanded from a single focus on the property business to four core areas: property, infrastructure, services and department store. As at 30 June 2012, the Group has an effective interest of approximately 60.7% in NWS Holdings Limited (Stock Code: 659.HK), approximately 69.9% in New World China Land Limited (Stock Code: 917.HK) and approximately 72.3% in New World Department Store China Limited (Stock Code: 825.HK).