Sustainability Report 2023/24

Sun Hung Kai Properties Limited | Sustainability Report 2023/24 < 116 > 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 GRI 304: Biodiversity (2016) GRI 3: Material Topics 2021 3-3 Management of material topics Principle 7,8 Value Created for the Environment (16-4 5) We strictly comply with all the legal requirements during development and performed all the necessary biodiversity assessment as required by the government. During the reporting year, we did not identify any significant biodiversity-related risks in our operations. 304-1 Operational sites owned, leased, managed in, or adjacent to, protected areas and areas of high biodiversity value outside protected areas Value Created for the Environment (16-4 5) 304-2 Significant impacts of activities, products and services on biodiversity Value Created for the Environment (16-4 5) 304-3 Habitats protected or restored Value Created for the Environment (16-4 5) 304-4 IUCN Red List species and national conservation list species with habitats in areas affected by operations Value Created for the Environment (16-4 5) One incense tree – classified as ‘vulnerable’ by the IUCN – was conserved and incorporated into the planning and landscape design of the St Michel project. GRI 305: Emissions (2016) GRI 3: Material Topics 2021 3-3 Management of material topics Principle 7,8,9 Value Created for the Environment (16-4 5) We circulate our Sustainability Report to inform our stakeholders on environmental issues. 305-1 Direct (Scope 1) GHG emissions Appendix III - Performance Tables (101-1 10) Direct emissions include fuel, diesel, petrol, natural gas and refrigerant. The methodology for estimating greenhouse gas emissions comes from the Guidelines to Account for and Report on Greenhouse Gas Emissions and Removals for Buildings in Hong Kong – 2010 edition and Guidelines for Calculation Methods and Reporting of Greenhouse Gas Emissions from Industrial and Other Industrial Enterprises (Trial). We also measure our greenhouse gas emissions with reference to the Greenhouse Gas Protocol. GRI Standards Indicator Details UNGC’s Ten Principles Reference (Page number) Remarks/Omission 305-2 Energy indirect (Scope 2) GHG emissions Appendix III - Performance Tables (101-1 10) See remarks for 305-1 above. Indirect emissions include purchased electricity and town gas. For indirect GHG emissions (Scope 2) – market-based, the emission factors for purchased electricity are illustrated by referring to the information released by CLP and HEC in 2023, and that for purchased Towngas is adopted from Towngas in 2023. As for indirect GHG emissions (Scope 2) – location-based, the emission factors for purchased electricity referenced the territory-wide default value from HKEx’s “Appendix 2: Reporting Guidance on Environmental KPIs”. The emission factors for purchased heating on the mainland refer to Guidelines for Calculation Methods and Reporting of Greenhouse Gas Emissions from Industrial and Other Industrial Enterprises (Trial). 305-3 Other indirect (Scope 3) GHG emissions Value Created for the Environment (16-4 5); Appendix III - Performance Tables (101-1 10) We measure our greenhouse gas emissions with reference to the Greenhouse Gas Protocol. 305-4 GHG emissions intensity Appendix III - Performance Tables (101-1 10) 305-5 Reduction of GHG emissions Appendix III - Performance Tables (101-1 10) GRI 306: Waste (2020) GRI 3: Material Topics 2021 3-3 Management of material topics Principle 7,8,9 Value Created for the Environment (16-4 5); Value Created for Supply Chain (70-8 2) We circulate our Sustainability Report to inform our stakeholders on environmental issues. 306-1 Waste generation and significant waste-related impacts Value Created for the Environment (16-4 5) The Group generated no significant hazardous waste during the reporting period. 306-2 Management of significant waste-related impacts Value Created for the Environment (16-4 5) See remarks for 306-1 above. 306-3 Waste generated Appendix III - Performance Tables (101-1 10) See remarks for 306-1 above. 306-4 Waste diverted from disposal Appendix III - Performance Tables (101-1 10) 306-5 Waste directed to disposal Appendix III - Performance Tables (101-1 10) General waste are sent to landfill while construction and demolition waste are sent to public fill, sorting facilities or landfill. Hazardous waste are collected and recycled by licensed collectors.