Sustainability Report 2023/24

Advanced towards our 10 -year environmental targets. Our GHG emissions target has been achieved and renewed Strategies and Management Adhering to our philosophy of Building Homes with Heart, we aim to contribute to a more sustainable Hong Kong. We make every effort to minimize our environmental footprint and align our strategies with the United Nations’ Sustainable Development Goals. We strictly adhere to the international environmental standards and applicable laws and regulations of the Hong Kong Special Administrative Region, including Air Pollution Control, Waste Disposal and Environmental Impact Assessment Ordinances. Climate-related issues could affect our business continuity, so we conducted scenario analysis to identify and assess the potential climate risks and opportunities across our business operation. We disclose in accordance with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and with reference to the International Sustainability Standards Board (ISSB)’s IFRS S2 Climate- related Disclosures. We carefully manage our impact on biodiversity by identifying and prioritizing low-impact sites, applying a mitigation hierarchy, and assessing potential biodiversity impacts. To promote sustainable building and innovation, we adopt green and smart technologies for design, construction and operation. We also collaborate with universities and research institutes to develop green building materials and innovative technologies. Governance To ensure our sustainability goals are met, dedicated committees oversee specific environmental concerns. The Energy Optimization Committee (EOC) is chaired by a representative from the Internal Audit Department and comprises 22 building engineering and management professionals. The Committee monitors the performance of buildings Highlights of our Performance in FY2023/24 within its scope to identify areas for improvement in energy efficiency, water conservation and greenhouse gas (GHG) emissions reduction. The EOC also encourages effective communication to drive the adoption of best practice throughout the Group. Environmental committees at our subsidiaries ensure the implementation of relevant policies, targets and strategies. 1 Green-building-related certificates include the BEAM Plus new and existing building certificates (both comprehensive and selective schemes), LEED or BREEAM certificates received by projects under development and properties owned or managed by SHKP in Hong Kong. Earned 150 green-building-related certifications 1 for our 123 projects in Hong Kong Installed 16,500 + solar panels at 62 managed buildings and 2 construction sites Developed and disclosed our first scope 3 emissions inventory Installed 1,100 + EV charging facilities at sites run by our property management subsidiaries These policies are reviewed regularly by our Sustainability Steering Committee to ensure their effectiveness. Complete versions can be accessed on our website. Climate Change, Environmental and Sustainable Building Policies Climate Change Policy • Details our climate change mitigation, adaptation and resilience efforts and strategy Environmental Policy • Guides us to strengthen our governance and enhance provisions in areas, such as sustainable buildings and operations, energy and water consumption, waste management, biodiversity, climate change, carbon management and engagement with stakeholders • Conveys to stakeholders our commitment to protecting the environment and reducing the impact of our operations Sustainable Building Policy • Guides us to develop low-carbon, climate-resilient properties, and to focus on users’ wellness Sun Hung Kai Properties Limited | Sustainability Report 2023/24 < 17 > 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