Urban Renewal Authority 2018-19 Annual Report

55 CORPORATE SUSTAINABILITY The URA takes forward the work of urban renewal in accordance with the Urban Renewal Strategy with the primary goal to improve the quality of life of residents in the urban areas. Through a comprehensive and holistic approach of urban renewal, the URA embraces the visionary concepts of sustainable development in its diversified business strategy to create a quality urban built environment that can sustain the growth and development of our city. In pursuit of this vision and mission, our work has adopted a people-oriented approach and strived for environmental excellence while fuelling the vibrancy of the neighbourhood. With the complex evolution of urban renewal in terms of public aspirations, the diversified needs for our city’s growth and the challenges and opportunities arising from urban decay, four related planning objectives (high density environment, low-carbon neighbourhood, smart- living and walkability), are now part and parcel of our core business strategies to optimise the benefits of urban renewal to Hong Kong for ourselves and future generations. In this section, we will discuss our sustainability performance from five domains, comprising Economy, Environment, Society, Process and People, as demonstrated through our core businesses, our various initiatives and our internal operation.