HONG KONG SAR – Media OutReach – 30 November 2022 – More than 40 outstanding project teams from Hong Kong’s property and facility management sector were recognised for their achievement at the Quality Property & Facility Management Award (QPFMA) 2022 Presentation Ceremony today, with the guest of honour Ms Winnie HO, JP, Secretary for Housing of the Hong Kong SAR Government and more than 200 guests in attendance to celebrate their success.

Co-organised by The Hong Kong Association of Property Management Companies (HKAPMC) and The Hong Kong Institute of Surveyors Property and Facility Management Division (HKIS PFMD), the biennial Quality Property & Facility Management Award (QPFMA) 2022 received a record high of close to 150 nominations. Contestants have presented innovative practices and strategies that have uplifted the efficiency and quality standard of property management. Aligning with the theme “Quality | Professional | Forward Moving | Advance”, the judging panel of 17 industry leaders has paid special attention on the adoption of technology that future-proofs the industry.

Commenting on the winning teams, Hon Tony TSE Wai-chuen, BBS, JP, QPFMA 2022 Head Juror said, “We are impressed and inspired by how property and facility management professionals respond to unprecedented situations through accelerating the adoption of smart technology, IOT and big data in daily routines and management applications, all of which are very inspiring. Sustainability has become one of the major focuses of the industry, with increasing measures and provisions to reduce carbon emission and energy consumption. We are glad to see that the industry is playing a vital role for the well-being of the society.”

Introduced this year to identify viable solutions in managing ageing urban buildings in Hong Kong, the Refurbishment / Renovation Property Management Award categories have received generous industry feedback, with 5 project teams recognised for their outstanding management strategies in building renewal.

Prof Johnnie C K CHAN, SBS, BBS, JP, QPFMA 2022 Organising Committee Chairman mentions, “The inaugural Refurbishment / Renovation Property Management Award looks for application of smart technology and innovation in the management of old buildings which are getting more common in Hong Kong. We are very pleased to discover the various ways old buildings are managed and maintained efficiently with effective use of smart technology and innovations. They contribute viable solutions to our city’s urban renewal work and housing shortage challenge.”

Results of Quality Property & Facility Management Award 2022

A. Residential Category

Large-Scale Residential Property Management
Accolade	Project	Company
Grand Award	Park Yoho	Supreme Management Services Limited
Excellence Award	Aegean Coast	Kai Shing Management Services Limited
Certificate of Merit	Sun Tuen Mun Centre	Kai Shing Management Services Limited
Certificate of Merit	East Point City Residential	Kai Shing Management Service Limited
Certificate of Merit	Hong Kong Gold Coast Residences	Sino Estates Management Limited

Medium-Scale Residential Property Management
Accolade	Project	Company
Grand Award	The Bloomsway	Kerry Property Management Services Limited
Grand Award	Mantin Heights	Kerry Property Management Services Limited
Excellence Award	Grand Pacific Views/ Grand Pacific Heights	Kai Shing Management Service Limited
Certificate of Merit	Pacific Palisades	Sino Estates Management Limited
Certificate of Merit	Dragons Range	Kerry Property Management Services Limited
Certificate of Merit	The Avenue	Wise Link Management Limited
Small-Scale Residential Property Management
Accolade	Project	Company
Grand Award	1 & 3 Ede Road	Kerry Property Management Services Limited
Grand Award	La Vetta	Jones Lang LaSalle Management Services Limited
Excellence Award	Shouson Peak	Supreme Management Services Limited-Shouson Peak Management Services Office
Certificate of Merit	The Summa	Kerry Property Management Services Limited
Certificate of Merit	8 LaSalle	Kerry Property Management Services Limited
Certificate of Merit	8 Deep Water Bay Drive	New Charm Management Limited

Subsidised Housing Property Management
Accolade	Project	Company
Excellence Award	Ka Tin Court	Urban Property Management Limited
Certificate of Merit	Lei On Court	Kai Shing Management Services Limited
Certificate of Merit	Kwai Yin Court	Urban Property Management Limited

B. Non-Residential Category

Shopping Centre Management
Accolade	Project	Company
Excellence Award	Yue Man Square	Yue Man Square Management Company Limited
Excellence Award	Harbour North	Hong Yip Service Company Limited
Certificate of Merit	Olympian City	Sino Estates Management Limited
Certificate of Merit	Nina Mall 1 & 2	Chinachem Group- Sources Fame Management Limited
Certificate of Merit	MOKO	Kai Shing Management Services Limited

Office Building Management (Small- & Medium-Scale Office Building)
Accolade	Project	Company
Excellence Award	W LUXE	Kai Shing Management Services Ltd – W LUXE Management Services Office
Certificate of Merit	New Town Tower	Kai Shing Management Services Ltd. (New Town Tower)
Certificate of Merit	Elite Centre	Kai Shing Management Services Limited / Elite Centre
Certificate of Merit	Nan Fung Tower	Nan Fung Property Management

Office Building Management (Large-Scale Office Building)
Accolade	Project	Company
Grand Award	Exchange Square	Hongkong Land (Property Management) Limited
Excellence Award	Millennium City 5	Kai Shing Management Services Limited
Certificate of Merit	Grand Century Place	Kai Shing Management Services Limited
Certificate of Merit	Metroplaza	Kai Shing Management Services Limited

Industrial & Car Park Building Management
Accolade	Project	Company
Excellence Award	Wah Luen Industrial Centre	Urban Property Management Limited
Excellence Award	Profit Industrial Building	Nan Fung Property Management

Institutional Facility Management
Accolade	Project	Company
Excellence Award	City Gallery	China Overseas Property Services Limited
Certificate of Merit	West Kowloon Government Offices	Urban Property Management Limited

C. Refurbishment / Renovation Category

Refurbishment / Renovation Large-Scale Residential Property Management
Accolade	Project	Company
Excellence Award	City One Shatin	Paramatta Estate Management Limited

Refurbishment / Renovation Medium-Scale Residential Property Management
Accolade	Project	Company
Excellence Award	Constellation Cove	Kerry Property Management Services Limited
Certificate of Merit	Baguio Villa	International Property Management Limited

Refurbishment / Renovation Commercial Property Management
Accolade	Project	Company
Excellence Award	Grand Millennium Plaza	Urban Property Management Limited
Certificate of Merit	New Town Plaza	Kai Shing Management Services Limited

Judging Panel (in alphabetical order of English surnames):

All the nominations of QPFMA 2022 were adjudicated by an esteemed judging panel of 17 industry leaders. They are

Head Juror

Sr Hon Tony TSE Wai-chuen, BBS, JP Chairperson of Property Management Services Authority

Jurors

Prof Albert P.C. CHAN Dean of Students Associate Director of the Research Institute for Sustainable Urban Development Able Professor in Construction Health and Safety Chair Professor of Construction Engineering and Management The Hong Kong Polytechnic University

Prof Johnnie C K CHAN, SBS, BBS, JP Chairman, QPFMA 2022 Organising Committee

Ms Peggy CHAN Head of Facility Services, West Kowloon Cultural District Authority

Dr Edmond CHENG Kam Wah President, Hong Kong Association of Property Management Companies

Prof HE, Shenjing Head of Department Department of Urban Planning and Design, The University of Hong Kong

Sr Prof HO Chi Wing, Daniel Associate Dean, Faculty of Design and Environment, THEi

Ms Patricia CHENG Yuk Kam President, The Hong Kong Institute of Housing

Sr HUNG Chuen Ka, Charles Chairman of Property & Facility Management Division, The Hong Kong Institute of Surveyors

Dr KWONG Tsz Man Senior Advisor and Associate Professor, HKU SPACE

Mr LEUNG Kin Man, Stephen Deputy Director, Housing Department, HKSAR

Mr PANG Yiu Hung, JP Director of Electrical and Mechanical Services Electrical & Mechanical Services Department, HKSAR

Mr POON Yuen Fong, Sanford Vice President The Hong Kong Association of Property Management Companies Limited

Mr TSE Cheong-wo, Edward Director of Architectural Services, Architectural Services Department, HKSAR

Sr WONG Kwok Leung, Paul Senior Vice-President, The Hong Kong Institute of Surveyors

Sr Gary YEUNG Man Kai President, Hong Kong Institute of Facility Management

Prof YIP Ngai Ming Professor, Department of Public Policy, City University of Hong Kong

For further information of Quality Property and Facility Management Award 2022, please visit www.qpfma.com

Please download the photos of the Presentation Ceremony HERE:

Photo captions
001 – Guest of Honour Ms Winnie HO, JP, Secretary for Housing, Hong Kong SAR Government officiates Quality Property & Facility Management Award 2022 Presentation Ceremony

002 – Dr Edmond CHENG Kam Wah, President of Hong Kong Association of Property Management Companies delivers welcome speech

003 – Sr HUNG Chuen Ka, Charles, Chairman of Property & Facility Management Division, The Hong Kong Institute of Surveyors delivers welcome speech

004 – Prof Johnnie C K CHAN, SBS, BBS, JP, QPFMA 2022 Organising Committee Chairman gives speech

005 – Sr Hon Tony TSE Wai-chuen, BBS, JP delivers speech as Head Juror of QPFMA 2022

006 – Group Photo

Hashtag: #QPFMA

The issuer is solely responsible for the content of this announcement.

About The Hong Kong Association of Property Management Companies

The Hong Kong Association of Property Management Companies, Limited (the Association) was founded in January 1990 with the aim of maintaining the standards of professional property management, and to provide its members with the benefit of a representative negotiating body in discussions with government or other bodies relating to the interests, rights, powers and privileges of the members, or other matters of common interest. The Association promotes continuing education to its members and other interested parties, to cooperate with similar organizations to uplift the service standards, while establishing the Codes of Conduct and management procedures to safeguard the owners and public interests. The Association has 99 members who provide quality service for over 70% of the resident units, various commercial buildings, car parks, and private and government facilities in Hong Kong among those that hire property management companies.

About The Hong Kong Institute of Surveyors

Established in 1984, The Hong Kong Institute of Surveyors (HKIS) is the only surveying professional body incorporated by ordinance in Hong Kong. The HKIS has a membership of over 10,000 members, including more than 6,700 professional surveyors. The Institute’s work includes setting standards for professional services and performance, establishing codes of ethics, determining requirements for admission as professional surveyors, and encouraging members to upgrade skills through continuing professional development.

The Institute has an important and responsive consultative role in government policy making particularly on issues affecting the profession. The HKIS has advised the Government on issues such as unauthorized building works, building safety campaign, problems of property management, town planning and development strategies, construction quality and housing problems.

The Good, The Bad and The Ugly in ESG Reporting

FRANKFURT, GERMANY – EQS Newswire – 30 November 2022 – In a new report released today, the Global ESG Monitor (GEM) shines a light on the Environmental, Social and Governance reporting of 350 important corporations worldwide. The GEM is the world leader in analyzing the transparency of ESG reporting and publishes a major report annually which analyzes non-financial ESG reporting across Europe, North America, Asia, and Australia.

“2022 has been a year in which the importance of ESG issues has increased dramatically,” said Michael Diegelmann, Co-Founder of the GEM. “Environmental and social crises fill the news daily and corporations need to clearly communicate what they are doing and how they govern their efforts. Progress is being made, but the bottom line is that many large multi-national companies fall short in their ESG reporting which will not go unnoticed by investors and the public.”

In the GEM 2022, 625 ESG reports from 350 companies included in indices from ten major stock markets were analyzed. Comprehensive regional reports will be published subsequently over the coming weeks. Today the GEM global report is being published, covering the four most relevant continental stock market indices from Europe, the USA, Asia, and Australia^[1].

Few corporations approached the top of the scoring scale of 100 as defined by the GEM Assay™, the Global ESG Monitor’s proprietary analytical model. The world’s highest score for transparency in non-financial reporting was 90, and the lowest was seven. The GEM Assay™ analyzes the ESG reporting of companies on 184 criteria as disclosed in their published ESG reports. Corporate ESG reports are used in a variety of ways, including as a factor in third-party ESG scores used by investors to guide financial decisions.

When comparing the transparency of ESG reporting across continents, the average corporate score was 66 out of 100 in Europe, followed by 56 for Asia and 53 for both the United States and Australia.

“It is no surprise that the GEM found such a wide difference in reporting transparency in different nations and regions. There is still no uniform, internationally recognized standard in ESG reporting and this poses challenges for companies,” said Ariane Hofstetter, the GEM’s Co-Founder and Head of Research and Data Science. “Even though there is the widespread use of important analysis tools such as materiality assessments, there is still a lot of make believe and lack of validity and liability in the results.”

The research clearly shows that European companies set the pace globally on ESG transparency, as eight of the top ten companies were from Europe and two from Asia. The company with the highest overall score and thus the most transparent company with regards to ESG reporting was the Italian energy company, Enel SpA.

The GEM Top Ten

Rank	Company	Index	GEM ASSAYTM SCORE (of 100)
1	Enel SpA	EUROSTOXX	90
2	Iberdrola SA	EUROSTOXX	87
3	CRH PLC	EUROSTOXX	84
4	Vonovia SE	EUROSTOXX	84
5	Industria de Diseno Textil SA	EUROSTOXX	81
6	Deutsche Post AG	EUROSTOXX	80
7	TotalEnergies SE	EUROSTOXX	78
8	Banco Santander SA	EUROSTOXX	77
9	Anta Sports Products Ltd	S&P 50 (Asia)	77
10	Fubon Financial Holding	S&P 50 (Asia)	77

Further Information

The Global ESG Monitor 2022 Transparency Report

Gender Diversity: The world has changed – at least in some regions.

Gender diversity is a key part of Sustainable Development Goals (SDGs). The GEM analyzed disclosures on gender diversity by collecting data on “male, female, other”. Because there was such little information disclosed in the “other” category, the GEM analysis focused on male and female.

Worldwide, the most gender diverse management structures and Boards of Directors were found in the United States, with 90% of companies having gender mixed boards and only 10% having a male-only board. In Europe, boards were found to be 12% male and 88% mixed; boards in Australia were 72% mixed gender with 28% all-male; boards in Asia came in last place with 57% male-only boards and only 43% having women members. Going deeper, it is noticeable that the average ratio of women to men is most balanced in Europe with at least 50% for each gender. It was significantly less balanced in the rest of the world with 33% of board members each in Australia and in the USA being women and only 20% in Asia.

What is the impact of no international ESG reporting standards?

In practice, companies know how to help themselves by consulting many different standards and frameworks. According to the 2022 GEM, 96% of the companies in the global sample refer to frameworks and standards in their reports, with an average of 9.1 frameworks being mentioned. In the EuroSTOXX an average of 12.3 frameworks are referenced. Some companies put too much emphasis on frameworks and publish separate reports specifically tailored to individual standards. For investors and stakeholders, orientation is difficult, and the risk exists that companies will pick and choose from the most favorable specifications.

Over all four indices, the Task Force on Climate-related Financial Disclosures (TCFD), created by the Financial Stability Board (FSB), is the most widely used framework or standard, followed by the UN (United Nations) SDGs and the Global Reporting Initiative (GRI).

Carbon Dioxide (CO₂) emissions in the spotlight

The scientific community agrees that CO₂ is a major contributor to human-induced climate change and that the focus should be on reducing emissions. Accordingly, the companies analyzed in the GEM addressed emissions, but a limited number of these companies have become carbon neutral. But most companies have set carbon neutrality goals and aim to reach net-zero in the future. The highest rate of companies claiming carbon neutrality are among the S&P 50 in Asia, with the lowest in Europe.

Furthermore, 78% of EuroSTOXX companies are aligned with the Paris Climate Agreement goals to limit global warming to a maximum of 2° Celsius. Other regions are lagging with only 54% of Australian companies aligned with the Paris goals, 31% of Asian listed firms and 29% of the American companies.

ESG Reports leave shadows over supply chains

“We are clean – but we are not responsible for our suppliers,” used to be a common refrain from companies seeking to distance themselves from their suppliers. This has changed because companies, especially large companies, have great influence on their vendors and their supply chain and exercise their authority to achieve improvements. But the GEM shows that companies are still failing to provide adequate information on their supply chains. In Europe, a small majority (52%) of companies at least reveal the geographic location of their suppliers, while only 36% of firms in Australia do, followed by 29% of American listed companies and 24% of Asian S&P 50 listed companies. Disclosure of other supplier information is thin at best, with few companies addressing the types of or total number of suppliers engaged or estimating the total amount of payments made to vendors.

Disclosures on child labor and forced labor raises questions

People living in affluent, western democracies often are not focused on child and forced labor. But in many parts of the world, these conditions are a part of everyday life. Globally connected value chains make it necessary for large corporations to take on responsibility for putting an end to this. However, the GEM paints a more than sobering picture in this regard:

While 72% of the EuroSTOXX companies disclose the risk for incidents of child, forced or compulsory labor in their ESG reporting, only 54% from the USA, 51% from Asia and 36% from Australia do so. And it is getting worse: in Europe, 60% of companies are disclosing strategies for preventing forced and child labor as well as other forms of exploitation. It is less than one third in the US (27%), Asia (27%) and Australia (26%). It is to be hoped that companies will take these issues seriously and that the GEM 2023 will be able to show marked improvement.

Auditing – not yet mandatory or common

Auditing is intended to foster trust and reliability. But only 68% of companies provide some voluntary assurance of their disclosures via an audit. An audit with limited assurance is still the most common (88 of the 353 audited reports indicate the audit depth).

European companies are preparing for increased auditing because the European Commission’s (EC) Corporate Sustainability Reporting Directive (CSRD) proposal introduces an EU-wide requirement for limited assurance on sustainability information with the end goal to move to reasonable assurance in the longer term.

The Top 4 Auditors working in ESG are the so-called Big 4. PwC is the largest with ESG mandates in all four GEM analyzed indices (21%), followed by KPMG (15%) and EY (15%), and ending with Deloitte in 4^th place (14%). The depth of inspection differs from reasonable (dominant in US and Asia) to limited assurance, which is the dominant procedure in Europe and Asia, and with substantially less companies in Asia mandating an auditor at all.

^[1] * The GEM Global Report covers the most relevant stock market indices from Europe (EuroSTOXX), the USA (S&P 50); Asia (S&P 50) and Australia (ASX 50).

The issuer is solely responsible for the content of this announcement.

About the Global ESG Monitor

The Global ESG Monitor (GEM) is a unique research initiative to examine transparency in non-financial reporting of the largest companies in the world.​ The GEM monitors, analyzes and reports on the transparency of non-financial ESG reporting using the GEM ASSAY^TM, a proprietary research tool adapted annually in response to evolving conditions and developments.

The operationalization of transparency underlying the GEM ASSAY^TM is based on the relevant guidelines of Global Reporting Initiative (GRI), ISO Standard 26000, World Economic Forum (WEF) and Accountability.

The Global ESG Monitor is headquartered in Wiesbaden (Frankfurt), Germany with partner offices in Washington, DC; Melbourne, Australia; Kuala Lumpur, Malaysia; Hong Kong, China; Warsaw, Poland and Bucharest, Romania.