Sustainability Report 2019/20

Value Created for The Environment Sun Hung Kai Properties Limited • Sustainability Report 2019/20 Strategies and Management Guided by our philosophy of Building Homes with Heart, the Group makes strenuous efforts in pursuing SDGs and supporting Hong Kong’s transition towards a sustainable city. Recognizing the importance of tackling climate change and future environmental challenges, we have been proactively setting environmental targets and increasing our buildings’ resilience over the years. We strictly comply with applicable legal and environmental standards, including the Air Pollution Control Ordinance, Waste Disposal Ordinance, and Environmental Impact Assessment Ordinance. On top of that, we seek to introduce sustainable building elements into our new development projects and make continuous improvements in the environmental performance of our existing buildings. The Group has made considerable efforts in mobilizing resources to address material environmental issues including energy efficiency, waste management and resources consumption, ensuring that our programmes align with the respective strategies of the Hong Kong Special Administrative Region Government. To facilitate our commitment to conserving biodiversity, we are determined to strike a balance between the goals of our development and the need for conservation, and we actively engage with the community to raise public awareness on environmental issues. Governance The Group has formed specialized committees to monitor specific areas of concern. The Energy Optimization Committee (EOC), led by the Internal Audit Department with 20 building-engineering and management specialists, oversees energy consumption of buildings, identifies room for improvement, and facilitates Group-wide knowledge exchange and best-practice sharing. Likewise, the Environmental Committees of our property management and construction subsidiaries oversee the implementation of environment-related policies, strategies and measures. Environmental Policy During the reporting year, the Group updated its Environmental Policy to enhance our commitment and to reflect our overarching approach in addressing a variety of environmental challenges, such as the use of resources, biodiversity, climate change and carbon management. The policy is communicated to our stakeholders through our website and will be reviewed by the Sustainability Steering Committee periodically. Environmental Management Systems Our property management and construction subsidiaries have earned ISO 14001 Environmental Management System certifications. The Group constantly reviews the effectiveness of our management systems, both internally and externally, to strive for continuous improvements. Sustainability Data Management System The system was introduced in 2014 to monitor environmental and social performance and facilitate data collection across business operations. The Group regularly reviews and enhances the system to meet new demands. 10