Greenpeace demands Sun Hung Kai cancel Hunghom Peninsula demolition

Press release - 2004-12-09
Greenpeace members attending today's Annual General Meeting of Sun Hung Kai Properties Limited (SHKP) as shareholders, deployed a banner saying "SHKP – Stop demolition". SHKP announced their intention to demolish the newly built Hunghom Peninsula Development last month. SHKP should bear their Corporate Social Responsibility, and cancel their demolition plans. They should not violate the principles of sustainable development.

Greenpeace protest against demolition of newly built Hunghom Peninsula Development at property developer, Sun Hung Kai AGM, calling on them to recognise their corporate responsibility to the people of Hong Kong.

Greenpeace members attending today's Annual General Meeting of Sun Hung Kai Properties Limited (SHKP) as shareholders, deployed a banner saying "SHKP - Stop demolition". SHKP announced their intention to demolish the newly built Hunghom Peninsula Development last month. SHKP should bear their Corporate Social Responsibility, and cancel their demolition plans. They should not violate the principles of sustainable development.

"The leaders of SHKP claim that demolishing Hunghom Peninsula is a commercial decision. However, wasting a huge amount of resources in the sake of making profit is irresponsible and will not be accepted by the public", said Edward Chan, Greenpeace Assistant Campaigner.

An SHKP shareholder who disagrees with their demolition plans gave the authority to two Greenpeace members to attend the annual general meeting to express their anger. Chan said, "Most shareholders of SHKP and NWS Holdings (NWSH), just like Hong Kong's general public, do not agree with the demolition of Hunghom Peninsula. Making profit in this way makes some shareholders feel sick."

Greenpeace Campaigner, Gloria Chang, one of the participants of the meeting, challenged Raymond Kwok, Vice Chairman & Managing Director of Sun Hung Kai Properties Limited, requesting that he respond to the public demand to stop the project at once. "SHKP appear to have employed a 'non-responsive' strategy in the hope perhaps that Hong Kong people would forget the demolition threat to the Hunghom Peninsula over the past few months. Now, SHKP claims this wasting of resources as 'environmentally friendly demolition'. Hong Kong people have now spoken and their voice is becoming louder, clearly showing that SHKP cannot escape from their social responsibility." said Chang. Mr. Kwok replied that the decision to demolish the building is correct. SHKP appears not to be concerned about the growing public opposition.

Greenpeace has been sending letters to SKHP and New World Holdings (NWSH) requesting them not to demolish Hunghom Peninsula and to publicise their development plan of Hunghom Peninsula, but has received no reply.

Greenpeace urges HKSAR government to follow foreign examples of institutionalising corporate responsibility. Corporations should publicise their environmental reports. Chan said, "SAR government should consider corporations' environmental performance as one of the criteria of winning the West Kowloon Cultural District, Exchange Fund and other governmental biddings. This can help to ensure corporations bear their social responsibility".

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