Sustainability Reports 2022/23

Waste Reduction and Recycling Our three-tier waste management prioritizes prevention wherever possible, followed by reduction and recovery. We align with governmental strategies such as the Hong Kong Blueprint for Sustainable Use of Resources 2013-2022. Our major waste is from construction and demolition, alongside general waste from our properties. This year, we have made a good result at the 10-year construction waste diversion target. For more details, please refer to the Strategies and Management section. Cutting-edge techniques minimize waste and optimize material use in our projects. Leveraging BIM simulations, precast components and DfMA, we reduce error and unnecessary consumption of raw materials, while increasing productivity. This ultimately improves construction quality and reduces waste. During design and construction stages, we work with contractors to reduce waste by standardizing the dimensions of materials; establishing recycling facilities; and achieving our waste management goals and targets. To maximize the recovery of materials, deconstruction is prioritized over demolition wherever possible. We implement waste management plans for all our projects and send paper, cardboard, metal, aluminium, plastic and glass to local recycling centres. To further reduce waste, we purchase materials in suitable amounts and sizes. We repurpose excavated soil and sand for backfilling and reclamation, reuse or recycle scrap steel such as bored piles and I-beams, and use prefabricated steel reinforcement bars. The YOHO Hub showcases our utilization of prefabricated steel reinforcing bars and turntables when installing dual-use bridges. For more details, please visit here . To promote circular economy, we regularly buy materials from – and provide construction materials to – recycled-products suppliers. These include steel made of recycled content and paving blocks made of recycled glass. Meanwhile, we provide incentives that encourage contractors to recover and recycle building materials. During the reporting year, we diverted around 91.8% of construction waste that needs In anticipation of the government’s municipal solid waste (MSW) charging scheme, we have proactively reduced waste at our hotels, residential and commercial properties: • At our Royal Hotels, drinking water machines reduce the use of bottled water. We reduce single-use plastics by using refillable amenity holders for bath and body products in guest bathrooms. Corn starch food containers have replaced plastic containers for takeaway food • To ease the adoption of the MSW scheme among tenants and residents, we piloted food waste reduction and recycling at Oscar By the Sea by joining the Environmental Protection Department food waste scheme. More than 10% of households (200 households) participated in the scheme In Collaboration with the Environment Protection Department, 2022/23 Waste Reduction Initiatives Include: • Computer and communication products recycling programme • Plastic recycling pilot scheme • Glass container recycling charter (225 of our properties, shopping malls and hotels have signed) • Green@Community’s recycling month • Green Collect service: - Gathered recyclables, such as glass bottles and electrical appliances, and sent them to third-party recyclers - 56 housing estates managed by Hong Yip and Kai Shing participated, 12 of them earned Excellent Performance awards We collaborate with external partners to promote waste reduction and recycling. Kai Shing participated in the Hong Kong Environmental Protection Association’s Tree Conservation Scheme, to recycle Christmas trees, peach-blossom trees and New Year flowers for use as organic fertilizers. Additionally, in our sixth year of participation in the Umbrella Bags Reduction scheme, organized by Greeners Action, 26 of our properties earned Diamond certificates, 14 earned Gold, and three earned Silver. to be sent to landfills. With a strong belief in creating synergy with internal and external stakeholders, we place a high priority on promoting a circular economy and reducing waste among our tenants, customers and residents. We advocate for sustainable and responsible consumption by providing accessible recycling bins and reverse vending machines. Smart recycling machines at our shopping malls and residential buildings further facilitate the collection of recyclables. After festivals, we recycle red envelopes and leftover food. At Sun Hung Kai Centre, our tenant handbook outlines waste management procedures. Wetland Seasons Bay’s residents can earn points by reducing and recycling waste using smart recycling machine Sun Hung Kai Properties Limited Sustainability Report 2022/23 31 Our Reporting Approach Message from the Sustainability Steering Committee Our Business Our Approach to Sustainability Value Created for the Environment Value Created for People Value Created for Customers Value Created for Supply Chain Value Created for Community Appendices