Sustainability Report 2023/24

AVOID MINIMIZE RESTORE OFFSET Managing Biodiversity with Care To mitigate our impact on the ecosystem and biodiversity, we collaborate with third-party professionals, seek government approval and engage with business partners throughout planning and construction. Please see our Environmental Policy for details about our commitment to biodiversity conservation. Before submitting development proposals and conducting feasibility studies, we engage environmental and ecological consultants to study and survey sites to assess the potential impact of our projects and seek to establish baseline environmental performance. We prioritize sites with lower impact on the environment, biodiversity and the ecosystem, and apply a mitigation hierarchy to avoid, minimize, restore and offset any adverse effects. Our biodiversity conservation efforts based on the mitigation hierarchy include: • Wetland Seasons Park: engaged external consultants and partners to ensure compliance with local legislations and the Hong Kong Wetland Park’s requirements on noise, sewage, waste and emissions during construction • Tung Shing Lei Development Project: enhanced the ecological value of the surrounding habitat with a building-free area that preserves waterbirds’ flight lines and forms a buffer between the development and the adjacent land • Sai Sha Development Project: monitored the stability and growth status of trees by a dedicated team regularly; appointed consultant to conduct ecological impact assessment before construction; protected the greenery and maintained an Ecological Buffer Zone to minimize impact on the surrounding biodiversity and ecosystem • Mong Kok Development Project: conserved three banyan trees at site with a new development plan to avoid construction work near the roots of the trees, despite an increase in construction cost • Sai Sha Development Project: avoided high-value habitats, such as mature woodlands, marsh and the Tai Tung Wo Liu stream, and built temporary weirs to protect aquatic life and the surrounding environment from emergency silt-laden discharge • St Michel: an incense tree – classified as ‘vulnerable’ by the International Union for Conservation of Nature (IUCN) – was conserved and incorporated into the planning and landscape design of the project. It was also treated for fungal infection, ensuring its preservation Minimize ecological impacts Avoid any potential harm to biodiversity St Michel Wetland Seasons Park in construction stage Sun Hung Kai Properties Limited | Sustainability Report 2023/24 < 24 > 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