Sustainability Report 2020/21

provides recommendations and facilitates group-wide communication and experience-sharing. The Environmental Committees of our property management and construction subsidiaries are responsible for overseeing the implementation of environment-related policies, targets, strategies and measures. Environmental Policy, Climate Change Policy and Sustainable Building Policy The Group has several policies in place to guide our sustainability effort. Our Environmental Policy outlines our overarching approach to environmental challenges such as the use of resources, biodiversity, climate change and carbon management. Through the policy, the Group communicates with stakeholders our commitment to protecting the environment and reducing the environmental impact of our operations. During the reporting period, we formulated new Climate Change Policy and Sustainable Building Policy . The Climate Change Policy guides our efforts to mitigate the impacts of climate change and enhances our resilience and adaptability. Meanwhile, the Sustainable Building Policy illustrates our commitment to developing premium properties that are low- carbon, climate resilient and beneficial to the wellness of users. The above policies are reviewed periodically by the Sustainability Steering Committee. For the full versions, please visit our website . Environmental Management System To achieve continual improvement, we regularly review the effectiveness of our environmental management systems, both internally and externally. Our property management and construction subsidiaries strive to adopt internationally recognized environmental management systems. 89 of our buildings and sites hold ISO 14001 Environmental Management System certifications while several properties have ISO 50001 Energy Management System certifications. Sustainability Data Management System Our Sustainability Data Management System, introduced in 2014, facilitates data collection across our operations and enhances monitoring of our environmental and social performance. The system is regularly reviewed and upgraded to meet new demands and standards. Strategies and Management Adhering to our philosophy of Building Homes with Heart, we endeavour to contribute to the development of sustainable cities while supporting the SDGs. We achieve this by strictly abiding legal and environmental standards, including the Air Pollution Control Ordinance, Waste Disposal Ordinance and Environmental Impact Assessment Ordinance, and ensuring our approach and initiatives are in line with those of the HKSAR Government. We also strive to incorporate sustainable building elements into our new development projects and make great efforts to enhance the environmental performance of our existing buildings. During the reporting year, we set progressive environmental targets by a detailed process, such as historical data review and peers benchmarking. Alongside the energy target established earlier, these will enhance the sustainability and climate resilience of our operations. 1 EOC-monitored buildings are SHKP’s major investment properties in Hong Kong managed by the Energy Optimization Committee (EOC). To put our commitment into practice, the Group actively engages the community through various measures to raise public awareness. And we strive to balance development with environmental considerations and biodiversity conservation. Governance Specialized committees have been formed within the Group to monitor specific areas of concern. The EOC is led by the Internal Audit Department and comprises 21 building-engineering and management specialists. In addition to overseeing energy and water consumption, the Committee evaluates the GHG emissions performance of EOC-monitored buildings, identifies areas for improvement, Greenhouse Gas Emissions Management: Reduce the scope 1 and 2 greenhouse gas (GHG) emissions intensity of EOC-monitored buildings 1 by 25% by 2029/30, against 2019/20 as the base year Energy Management: Reduce the electricity consumption intensity of EOC- monitored buildings 1 by 13% by 2029/30, against 2019/20 as the base year Water Management: Reduce the water use intensity of EOC-monitored buildings 1 by 5% by 2029/30, against 2019/20 as the base year Waste Management: Achieve an annual diversion rate of at least 70% of construction waste in Hong Kong construction projects within the reporting scope Value Created for The Environment Sun Hung Kai Properties Limited • Sustainability Report 2020/21 11