Sustainability Report 2015/16

Strategies and Management As one of the largest property developers in Hong Kong, the Group has an extensive supplier base providing a variety of products and services for its business operations. We recognize suppliers as valuable stakeholders within our business value chain and are committed to engaging them to build a better and more responsible future together. A comprehensive supply chain management mechanism has been established to monitor a wide range of aspects for the suppliers, from product and service quality to business ethical standards. All suppliers and contractors must follow our environmental and occupational health and safety policies, and periodic reviews are conducted to ensure compliance. Engaging Suppliers The Group is proud of its dedication to delivering premium products and services to customers. A key factor for our success is having the support from a diverse pool of committed suppliers, which exceeded 4,200 this year with a total supplier and sub-contractor spending of HK$7.8 billion. Whenever possible local suppliers are identified, both to promote the local economy and to minimize distance goods travel thus leaving a smaller environmental footprint. The Group also strives to ensure the stability of our supply chain and avoid over-reliance on a specific supplier. Less than 30% of our purchases during the year came from our five largest suppliers. Value Created for Supply Chain Sun Hung Kai Properties Limited Sustainability Report 2015/16 33