Bank of China Hong Kong (BOCHK) and Sino Land, the listed company of Sino Group, have launched the first green mortgage plan in Hong Kong to support sustainable development and shape a green future together.

The plan provides prospective purchasers with paperless and digital mortgage services for designated Sino Land residential projects that received the BEAM Plus Platinum or Gold rating.

BOCHK offers the debut Plan to Grand Central, Grand Victoria, ONE SOHO and SILVERSANDS, the four Sino Land projects that have received the required ratings. These projects have adopted sustainable building standards and incorporated energy-efficient features.

With the new plan, the entire process from mortgage application to bill management can be conducted online, allowing customers to save their carbon footprint compared with the traditional mortgage process.

“It is estimated that during the lifecycle of each plan, around 900 pieces of paper, equivalent to 0.02 tonnes of carbon emission reduction, will be saved,” says Mary Lo, BOCHK’s general manager, personal digital banking product department. “We will continue to extend this plan to other certified green buildings in an effort to promote the transition to a low-carbon and sustainable economy.”