HKUST Sustainability Annual Report 2021-2022

HKUST Sustainability 21 Environment Social and Governance Report 2021-22 Step Change Measure*** In addition to energy reduction measures, HKUST is striving to reduce energy consumption by investing in renewable energy sources. Solar PV project has been our main source of renewable energy generation. With over 6,000 panels installed in different locations, we are in the process of conducting phase 2 solar project, which is a feasibility study on extending the coverage of solar panels. The finished project is expected to generate up to 3 million units (kWh) of electricity each year. By taking account into solar contribution to the energy reduction efforts, the energy saving performance was lifted from 4% to 6%. In the coming years, we will also take active actions to ensure GHG emissions mitigation and explore more renewable alternatives (*) Focus on replacement of existing equiment with more efficient equipment. (**) Focus on expanding meters, sensors, and other smart technologies to monitor conditions and identify problem spots for correction, which will improve efficiency based on occupancy and user needs. (***) Focus on big projects that have the capacity to reduce energy consumption by 1% or more. HKUST has adopted a BEAM Plus Platinum threshold for new buildings or renovations over $25 million; however, we recognize that they are still net-increases to footprint of the University. Renewable Energy Generation, in Comparison to the Electricity Consumption, in 2021/22 Academic Year -6% 97,100,000 95,100,000 93,100,000 91,100,000 89,100,000 87,100,000 85,100,000 83,100,000 81,100,000 79,100,000 (kWh) 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 Baseline Consumption New 15% Saving Target by 2027/28 Total Saving Performance