Page 56 - Urban Renewal Authority 2023-24 Annual Report
P. 56

CORPORATE SUSTAINABILITY




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            Urban Planning for Sustainability



             Sustainability Pillars        ECONOMY  I     ENVIRONMENT  I     SOCIETY  I     PROCESS  I     PEOPLE


            Sustainability in urban renewal and planning extends beyond just energy savings. While generating economic
            improvement and social benefits for the local community is crucial, it is equally important to address
            stakeholders’ views and concerns during the planning and design process. The impact on individual homeowners
            and business operators needs to be taken into account as well. To address these factors, the URA has developed
            a Sustainability Framework for measuring the sustainability performance of our urban renewal projects under five
            Sustainability Pillars: Economy, Environment, Society, Process and People.



                      ECONOMY
                      In this domain, we examine whether our urban renewal projects can stimulate economic growth in the
                      local community and evaluate their impacts on property values, business operations and employment
                      opportunities. Additionally, the preservation of the distinctive local characteristics that contributes to
                      the vibrancy of the area and prosperity of the local economy are taken into consideration.




                      ENVIRONMENT
                      In the planning of URA projects, we focus on microclimate resilience, risk reduction, resource
                      efficiency and environmental quality. A key strategy that we employ is to promote walking as an
                      environmentally-friendly mode of transportation through the strategic planning of pedestrian-
                      friendly infrastructure, including pedestrian routing and the use of wider pavements, footbridges,
                      and subways. Public open spaces are also proposed to improve urban microclimate conditions and
                      combat the urban heat island effect.



                      SOCIETY
                      In respect of the Society domain, our urban renewal projects aim at improving the quality of life for
                      residents. Objectives include enhancing the quality of buildings and housing, improving mobility
                      and accessibility, promoting social vibrancy, ensuring safety, encouraging public art, and
                      integrating local culture into the community. Our projects provide various facilities and resources
                      to promote resources access, diversity and inclusion, and community bonding.



                      PROCESS
                      The policies, procedures and mechanisms utilised in the planning process of our urban renewal
                      projects must cater for the needs of our stakeholders as well as the community. Alongside the
                      mandatory consultation procedures under the Town Planning Ordinance and Urban Renewal
                      Authority Ordinance, we also conduct extensive engagement and consultations to gather the
                      opinions of our stakeholders. These inputs, in turn, will help refine the design and planning of our
                      urban renewal projects.



                      PEOPLE
                      The planning of urban redevelopment has an indirect impact on economic vitality, financial
                      inclusion, living environment, everyday life, community vitality, and resilience and mitigation
                      measures for individual owners, inhabitants and businesses. One of our key objectives is to replace
                      dilapidated buildings while preserving local shop cultures and district characteristics, which is crucial
                      for maintaining the area’s unique identity and charm.

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