New World Development Company Limited ("The Group"; Stock Code: 17.HK) and its three listed subsidiaries, ie, NWS Holdings Limited, New World China Land Limited (NWCL) and New World Department Store China Limited (NWDS), support the World Wide Fund’s "Earth Hour 2014" again in which more than 110 residential, retail, commercial and hotel properties in Hong Kong and Mainland China will switch off non-essential lighting for one hour on 29 March to demonstrate the Group's commitment to carbon reduction and preserving the environment.
This year sees an increased number of participating Group companies and properties that would join include New World Tower, the Hong Kong Convention and Exhibition Centre, K11 Art Mall, Discovery Park - Shopping Centre, public piers of New World First Ferry Services Limited, Grand Hyatt Hong Kong, Renaissance Harbour View Hotel, to name but a few. In Mainland China, more than 40 properties under NWCL and NWDS contribute to raising awareness of environmental protection, among them are New World Beijing Hotel, Dalian New World Tower, Tianjin Xin An New World Plaza, Wuhan New World International Trade Tower, Beijing New World Department Store, Wuhan New World Department Store, Hong Kong New World Department Store-Shanghai Wujiaochang Branch Store, and New World Department Store China Limited corporate office.
In addition, The Group encourages its employees and their family members to join this lights-off action at home and adopt a low-carbon lifestyle.
Placing great emphasis on corporate sustainability, New World Group released its first sustainability report earlier this year, which referencing Global Reporting Initiative ("GRI"), and The Stock Exchange of Hong Kong Limited's Environmental, Social and Governance Reporting Guide. The content of the report has also been verified by Hong Kong Productivity Council, allowing stakeholders to gain a better understanding of the Group's objectives and goals to contribute to a sustainable future.
New World Development Company Limited
Founded in 1970, New World Development Company Limited (“New World Group”, Stock Code: 17.HK) was publicly listed in Hong Kong in 1972 and is a constituent stock of the Hong Kong Hang Seng Index. A diversified holding company with a focus on property development, New World Group’s core business areas include property development, infrastructure and service, department store and hotel. As at 31 December 2013, the total asset value of the Group amounted to HK$354.7 billion.
As at 31 December 2013, the Group has an effective interest of approximately 61.3% in NWS Holdings Limited (Stock Code: 659.HK), approximately 69.7% 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).