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27 Mar

New World Development and 20 Subsidiaries Awarded Caring Company Logos

New World Development Company Limited (the "Group", Hong Kong stock code: 00017) and its 20 subsidiary companies awarded 2017/18 Caring Company logos from The Hong Kong Council of Social Service for their outstanding corporate social responsibility performance.

Focusing on the development of the community, its staff and the environment, New World Group strives to create a harmonious community for the betterment of Hong Kong through corporate sustainability initiatives. The Group encourages its staff to take part in volunteering, and recruited staff from subsidiaries to join the Commission on Poverty’s “Life Buddies” Scheme and brought secondary students to the Group’s facilities and experiential activities in order to help them better understand the nature of different industries as well as prepare themselves for the future.

The New World Springboard sustainable community programme, funded by the New World Group Charity Foundation, offers around 500 under-resourced youth long-term professional sports training to improve their upward social mobility.  In addition to the regular sports training, the programme also focuses on the students’ all-round development that it carried out initiatives like mentorship, Community Ambassador Programme and Teens Club, through which the students are inspired to unleash their potential, embrace challenges with an indomitable spirit and make contributions to society in the future.

New World Development Company Limited

Founded in 1970, New World Development Company Limited (“the Group”, Hong Kong stock code: 0017) was publicly listed in Hong Kong in 1972 and is a constituent stock of the Hong Kong Hang Seng Index. A premium brand infused with a unique personality defined by The Artisanal Movement, New World Group’s core business areas include property development, property investment, infrastructure and services, department stores and hotels. As at 31 December 2017, the total asset value of the Group amounted to HK$468.1 billion. The Group has an effective interest of approximately 61% in NWS Holdings Limited (Hong Kong stock code: 0659), approximately 75% in New World Department Store China Limited (Hong Kong stock code: 0825) and wholly owned in New World China Land Limited.