New World Development Company Limited joins WBCSD

Published: 20 Jan 2020
Type: News

Geneva, 20 January 2020: New World Development Company Limited (NWD) today joined nearly 200 forward-thinking companies as the newest member of the World Business Council for Sustainable Development (WBCSD).

Founded in 1970, NWD (Hong Kong stock code: 00017) 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 best defined by The Artisanal Movement, NWD’s core business areas include property development, property investment, roads, aviation and construction. Its operations in Greater China, especially the Greater Bay Area, had a total asset value of approximately HK $503.3 billion as of 30 June 2019.

Connecting with WBCSD’s network of forward-thinking businesses across a variety of sectors will help NWD make an even wider impact on global corporate sustainability.

Adrian Cheng, Executive Vice-chairman and General Manager of NWD, said “We recognize that sustainability must remain a top business priority for NWD if we are to be in a position to help address global business challenges and create shared value for all stakeholders. As the first Hong Kong real estate company to join WBCSD, we will leverage multisectoral partnerships and support other corporates from our region to deliver impactful results that accelerate the transition to a sustainable world.”

WBCSD President and CEO Peter Bakker said “We are pleased to welcome New World Development Company Limited as the newest member of the WBCSD network.  With two-thirds of the global population destined to live in urban areas by 2050, well-designed cities and mobility systems are crucial to achieving our vision of a world in which more than nine billion people live well within the limits of the planet. We are excited to work together with NWD to accelerate transformation of our urban systems and achieve resilient, healthy and clean cities for all in line with SDG 11 and the Paris Agreement.”

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