HL Sustain
Be an Ethical Consumer 10
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    Shopping is normally an enjoyable experience, but have you ever considered the hidden costs behind the products that you purchased?


    In order to reduce production costs and at the same time, increase total volumes for sale, some companies resort to unethical production methods. These include hiring child labors, adopting animal tests, and using excessive quantities of polluting chemicals. The hidden costs of these production practices is borne by society and the environment.


    Ethical Consumption is a type of consumer behavior that relies largely on the moral conscience of the consumer. It supports only those businesses that strive to avoid the exploitation of the environment and society. Apart from purchasing products and services that are at fair trade, organically grown and provided by social enterprises, giving support to local businesses and corporates that promote sustainability is also considered as Ethical Consumption.


    Recent years have seen Ethical Consumption becoming a new trend. According to a Triodos Bank report in 2015, the total spending on Ethical Purchases in the UK had increased by 8.5%(1). As the demand for ethical products continues to grow, companies in different industries have proactively incorporated ethical considerations into their operations. For example, starting from 2020, the Swedish multinational furniture retailer IKEA has planned to use only wood that is recycled or has been certified by the Forest Stewardship Council (FSC®).


    As a socially-responsible property developer, the Company requires all staff members, suppliers and contractors to follow the Central Environmental Purchasing Policy. The Policy promotes the use of locally sourced and environmentally responsible materials, emphasizes the importance of avoiding packaging and recycling waste, as well as compliance with relevant regulations, the goal being to minimize our social and environmental impact during procurement processes. Furthermore, the Company's has long been using FSC®paper for its financial reports since 2010/11.


    (1) Ethical Consumer Markets Report 2016

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