HONG KONG, Dec. 11, 2018 /PRNewswire/ -- With its outstanding achievements in financial performance, corporate governance, social responsibility, environmental responsibility and investor relations, Hang Lung is once again being honored with the Platinum Award for Excellence in Environmental, Social and Corporate Governance (ESG) at The Asset Corporate Awards 2018. This is the second time for Hang Lung to win the highest accolade at the Awards, reinforcing the Company's role as a sustainability leader in the industry.
For the fifth time in six years, Hang Lung has been honored by The Asset Corporate Awards, having won the Platinum Award in 2016 and the Gold Award from 2013 to 2015. Upholding its business philosophy of We Do It Right, the Company takes full account of the interests of the local community, its environment and economy in the process of designing, building and operating its properties. With a diverse and independent Board, effective risk management and internal controls, comprehensive staff engagement initiatives and a variety of green measures, Hang Lung is determined to achieve sustainable development financially, socially and environmentally.
Mr. Weber Lo, Chief Executive Officer of Hang Lung Properties, said, "This recognition represents all aspects of Hang Lung's efforts in building a sustainable business and highlights our commitment to maintain the highest standards in the pursuit of sustainable development. We are incredibly honored to be recognized by different industry organizations locally and globally. Thanks to the support from our staff and business partners who share the same values, we will continue our efforts to safeguard the interests of our stakeholders, establishing the best practices for the industry."
Organized by The Asset, a renowned Asian financial magazine, The Asset Corporate Awards is one of the world's leading and longest-running awards for ESG. It offers a rigorous service for the region's listed companies in benchmarking their performance in corporate governance, corporate social responsibility and investor relations. The assessment is based on online questionnaire submissions made by the participating companies, followed by gathering the views from institutional investors, analysts and industry experts. Over 60 Asian companies have been honored in The Asset Corporate Awards 2018 for their outstanding performance while 37 have achieved the highest Platinum ESG level.
About Hang Lung Properties
Hang Lung Properties Limited (stock code: 00101), a constituent stock of the Hang Seng Index, Hang Seng SCHK High Dividend Low Volatility Index, Hang Seng Low Volatility Index, Hang Seng Corporate Sustainability Index in Hong Kong, and the Dow Jones Sustainability Asia Pacific Index, is a leading real estate developer operating in Hong Kong and mainland China. Boasting a diversified portfolio of investment properties in Hong Kong, the Company has progressively branched out into the Mainland since the 1990s, with our distinctive footprint now fully established in Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, and Wuhan, with all the Mainland projects carrying the "66" brand. In May 2018, Hang Lung won an auction for a prime plot of land in Hangzhou, marking the Company's expansion to its ninth Mainland city. As Hang Lung's business continues to grow, the Company is set to develop into a highly admired national commercial property developer in China.
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