Sustainability Report 2015/16

Independent Assurance Opinion Statement For and on behalf of BSI: Dr. Yi-Min Gao Vice-President, Sustainability, BSI Asia Pacific Hong Kong 16 January 2017 Mr. Wilfred Chan Sustainability Portfolio Manager, BSI Asia Pacific Operations Director, BSI Hong Kong Conclusions A detailed review against the principles of Inclusivity, Materiality and Responsiveness and HKEx ESG Guide, and in accordance with GRI G4 Sustainability Reporting Guidelines, GRI’s sector guidance on the Construction and Real Estate Sector and the Ten Principles of UNGC is set out below: Inclusivity The Report has reflected a fact that SHKP is seeking the engagement of its stakeholders through numerous channels such as online surveys, focus group discussions, customer satisfaction surveys, SHKP Club, retail stores, call centres, customer hotline, online and mobile phone applications, corporate websites and social media, interviews, meetings, intranet, SHKP Quality Academy, SHKP Quality Raising Suggestion Scheme, SHKP Work Safety Suggestion Scheme, employee engagement activities, public consultations, industry forums, SHKP Reading Club, investor meetings and forums overseas roadshows, analyst briefings and annual general meeting, Annual and Interim Reports, audits and assessments, press conferences, and more. SHKP’s operation involves various methods of engaging its stakeholders on daily basis. The Report covers economic, social and environmental aspects concerned by its stakeholder with a fair level of disclosures. In our professional opinion, SHKP adheres to the principle of Inclusivity. Our view in area for enhancement to the Report was adopted by SHKP before issue of this opinion statement. Materiality SHKP publishes sustainability information that enables its stakeholders to make informed judgments about the company’s management and performance. In our professional opinion, the Report adheres to the principle of Materiality and identifies SHKP’s material aspects by using appropriate method of materiality analysis and demonstrating material issues in a matrix form. Area for enhancement to the Report was adopted by SHKP before issue of this opinion statement. Responsiveness SHKP has implemented practices to respond to the expectations and perceptions of its stakeholders. They include various surveys and feedback mechanisms to both internal and external stakeholders. In our professional opinion, SHKP adheres to the principle of Responsiveness. Area for enhancement to the Report was adopted by SHKP before issue of this opinion statement. HKEx ESG reporting Based on our verification review, we are able to confirm that social responsibility and sustainable development indicators in all 3 categories (Economic, Social and Environmental) being reported are based on HKEx ESG Guide. In our professional opinion, the self-declaration covers the SHKP’s social responsibility and sustainability issues. Area for enhancement to the report was adopted by SHKP before issue of this opinion statement. Assurance Level The Type 1 Moderate Level of Assurance provided in our review is defined by the scope and methodology described in this statement. Responsibility It is the responsibility of SHKP’s senior management to ensure the information being presented in the Report is accurate. Our responsibility is to provide an independent assurance opinion statement to stakeholders giving our professional opinion based on the scope and methodology described. Competency and Independence The assurance team was composed of Lead Auditors, who are experienced in industrial sector, and trained in a range of sustainability, environmental and social standards including GRI G3, GRI G3.1, GRI G4, AA1000, HKEx ESG Guide, UNGC’s Ten Principles, ISO 10002, ISO 14001, OHSAS 18001, and ISO 9001, etc. British Standards Institution is a leading global standards and assessment body founded in 1901. The assurance is carried out in line with the BSI Fair Trading Code of Practice. 53 Sun Hung Kai Properties Limited Sustainability Report 2015/16