Sustainability Report 2023/24

Sustainable Building and Environmental Targets We actively adopt industry best practice for existing buildings and new developments. By reviewing historical data and benchmarking against our peers, we set sustainable building and environmental targets – and continually enhance our performance to achieve them. Sustainable Building Targets SHKP prioritizes targets that are robust and achievable, while aligning with our long-term sustainability objectives and the evolving regulatory landscape in Hong Kong. We are conducting thorough research and analysis to determine the most appropriate and impactful targets for the Group. We have developed a scope 3 emissions inventory to better reflect our GHG emissions along the value chain, which is crucial for our target-setting in the long term. 10-year Targets for FY2029/30 (Base Year: FY2019/20) 2 SHKP’s major investment properties in Hong Kong, managed by the EOC. EOC monitored 53 properties in FY2019/20, 60 in FY2020/21, 61 in FY2021/22 and 62 in FY2022/23 and FY2023/24. 3 Having already met our FY2029/30 GHG emissions target, we have set a new goal for the future. By the end of FY2029/30, the scope 1 and 2 GHG emissions intensity of EOC-monitored buildings will be reduced by 35% from FY2019/20. GHG Emissions FY2023/24 Progress FY2023/24 Progress Electricity Consumption FY2023/24 Progress Water Consumption Waste Diversion FY2023/24 Progress ~ 89.2% diversion rate ~ 29.5% ~ 4.7% ~ 10.9% Reduce scope 1 and 2 GHG emissions intensity of EOC-monitored buildings 2 by 25% 3 Reduce the electricity consumption intensity of EOC-monitored buildings 2 by 13% Divert at least 70% of construction waste per year in Hong Kong construction projects in the reporting scope Reduce the water use intensity of EOC-monitored buildings 2 by 5% Obtain LEED Gold or Platinum ratings for core commercial projects under development Achieve Leadership in Energy and Environmental Design (LEED) certification for all new investment properties Sun Hung Kai Properties Limited | Sustainability Report 2023/24 < 18 > 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