Sustainability Report 2023/24

Sun Hung Kai Properties Limited | Sustainability Report 2023/24 < 114 > 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 Appendix V GRI Standards Indicator Details UNGC’s Ten Principles Reference (Page number) Remarks/Omission 2-19 Remuneration policies N/A The remuneration policy for the Board is treated as confidential. More details on remuneration can be found in the Independent Auditor’s Report and Consolidated Financial Statements (pp.157-228) of our Annual Report 2023/24. 2-20 Process to determine remuneration N/A More details on remuneration can be found in the Corporate Governance Report (pp.112-130) of our Annual Report 2023/24. 2-21 Annual total compensation ratio N/A The information is treated as confidential. Strategy, Policies and Practices 2-22 Statement on sustainable development strategy Message from the Sustainability Steering Committee (2) 2-23 Policy commitments Our Reporting Approach (1); Our Business (3-4 ); Our Approach to Sustainability (5-1 5); Value Created for People (46-5 5) There is no intergovernmental instrument in our policy commitment. Our Sustainability Policies are listed on our website. Currently, Human Rights and Equal Opportunities Policy and Whistleblowing Policy are treated as internal documents. 2-24 Embedding policy commitments Our Approach to Sustainability (5-1 5); See Strategies and Management section in each chapter for details. 2-25 Processes to remediate negative impacts See Strategies and Management section in each chapter for details. 2-26 Mechanisms for seeking advice and raising concerns Principle 1, 2, 3 Value Created for People (46-5 5); Value Created for Supply Chain (70-8 2) 2-27 Compliance with laws and regulations Principle 10 Our Approach to Sustainability (5-1 5) We see compliance as a minimum requirement and require all employees and suppliers to comply with all applicable laws and regulations. There was no non-compliance with laws and regulations in the social and economic areas in Hong Kong during the reporting period. 2-28 Membership associations Appendix I – Awards, Memberships and Charters (96-9 8) GRI Standards Indicator Details UNGC’s Ten Principles Reference (Page number) Remarks/Omission Stakeholder Engagement 2-29 Approach to stakeholder engagement Our Approach to Sustainability (5-1 5); Appendix II - Stakeholder Engagement Process and Double Materiality Analysis Methodology (99-100) Our stakeholder identification and selection process adheres to the principles of stakeholder inclusivity, materiality, responsiveness and impact of the latest AA1000 AccountAbility Principles (2018) and the GRI Standards 2021. We conduct a new materiality assessment employing the principle of ‘double materiality’. This principle is advocated by GRI and other international standards, including the European Sustainability Reporting Standards (ESRS) as required under the Corporate Sustainability Reporting Directive (CSRD). 2-30 Collective bargaining agreements Principle 3 N/A There are no formal collective bargaining agreements in place within SHKP. Yet, our employees can enjoy the freedom to take part in trade unions and collective bargaining if they wish. GRI 3: Material Topics 2021 Disclosures on Material Topics 3-1 Process to determine material topics Our Approach to Sustainability (5-1 5); Appendix II - Stakeholder Engagement Process and Double Materiality Analysis Methodology (99-100) 3-2 List of material topics Our Approach to Sustainability (5-1 5) Please refer to the Double Materiality Matrix (pp.11) for details. 3-3 Management of material topics Our Approach to Sustainability (5-1 5); Appendix II - Stakeholder Engagement Process and Double Materiality Analysis Methodology (99-100); See Strategies and Management section in each chapter for details. More details of our economic impacts can be found on pp. 96-101 of our Annual Report 2023/24. Economic Topics GRI 201: Economic Performance (2016) GRI 3: Material Topics 2021 3-3 Management of material topics Our Business (3-4 ) More details can be found in the Review of Operations (pp.26-95) of our Annual Report 2023/24. 201-1 Direct economic value generated and distributed Our Business (3-4 ) More details can be found in the Review of Operations (pp.26-95) of our Annual Report 2023/24.