Sustainability Report 2023/24

Materiality Analysis The Group conducts the materiality analysis annually based on the results of our stakeholder engagement exercise. This year, we have enhanced our materiality analysis approach to present our material topics through double materiality. The double materiality matrix illustrates the relative importance and significance of selected ESG topics in relation to their impact on the Group’s enterprise value, and the impact on the economy, environment and people. In FY2023/24, we have updated our list of material ESG topics based on evolving industry trends and previous insights from stakeholder feedback, where 27 topics were identified for further analysis. We have regrouped the updated list of material topics to better represent the granularity of issues. Four of the material topics Employment Practices, Human Rights and Non-discrimination, Freedom of Association and Governance and Economic Environment Workplace Practices Society Product Responsibility Financial Materiality (Impact on Enterprise Value) Impact Materiality (Impact on Economy, Environment and People) Low High High High priority Low priority 22 27 20 21 18 17 19 9 5 7 6 10 8 25 26 23 24 16 12 15 14 13 3 1 2 4 Collective Bargaining, and Child Labour and Forced Labour are combined into Labour Practice and Human Rights. We have added five new topics based on the evaluation of sustainability industry trends, namely Corporate Governance, Risk Management, Sustainable Finance, Stakeholder Engagement and Collaboration, and Social Integration and Accessibility. 17 material topics are within the threshold of a ‘high’ materiality level. Energy, Climate Change Mitigation and Adaptation, and Product Safety and Quality are the top three material topics in terms of the influence on SHKP’s enterprise value (‘financial materiality’) and the impact on the economy, environment and people (‘impact materiality’). The assessment result as shown in this report was approved and signed off by the senior management and the Sustainability Steering Committee, which is chaired by the Deputy Managing Director. Double Materiality Matrix 11 Sun Hung Kai Properties Limited | Sustainability Report 2023/24 < 11 > 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