Sustainability Report 2023/24

Advancing Decarbonization in Our Business Climate change presents risks for our operations, customers and the wider society. We are committed to supporting the transition to a low- carbon economy. A multi-pronged Decarbonization Strategy guides our efforts in transitioning to low-carbon operations. In pursuit of decarbonization, we: • Fully support the HKSAR Government’s Climate Action Plan 2050 and the Energy Saving Plan for Hong Kong’s Built Environment 2015-2025+ • Participated in the Carbon Neutrality Partnership, hosted by the Hong Kong Environment and Ecology Bureau • Became a signatory of the Carbon Reduction Charter • Participated in the Carbon Audit • Green Partner • Joined the Business Environment Council’s Net-Zero Carbon Charter Embedding Sustainability into Construction Our subsidiaries also take proactive steps in pursuing a green economy. To offset their carbon emissions, Hong Yip and Kai Shing purchase local and international renewable energy certificates (RECs). Since 2021, Hong Yip has purchased CLP’s RECs to offset electricity consumption at remote and in-person training, and major events, and bought a total 174,000 kWh of electricity generated by local renewable energy. ICC also purchased 45,000 MWh of RECs to finance renewable energy projects, including wind, solar and hydro. Chelsea Heights, ICC, Transport Plaza and Two Harbour Square earned the HKGBC’s Zero-Carbon Ready Building Certification 2024. Two Harbour Square and ICC scored ‘extra low’ and ‘super low’, respectively, in the council’s energy utilization index. Three of Kai Shing’s managed properties were honoured with awards in the Net-Zero Contribution (Property Management) Visionary Blueprint towards Net-Zero in the Hong Kong Green and Sustainability Contribution Awards 2023, hosted by the Hong Kong Quality Assurance Agency. For details on our awards, please refer to Appendix I. 1 2 3 4 5 6 7 8 9 11 10 Our sustainable construction features: BIM, Design for Manufacture and Assembly (DfMA) and precast components Advanced diesel-free energy storage and power systems (Battery Energy Storage System) High energy-efficient machinery and equipment, e.g. electric truck cranes, truck mixers and trailer pumps Early electrification Waste reduction and recycling Wastewater recycling and reuse Electric or hybrid vehicle fleet Renewable energy Low-embodied carbon materials Rainwater harvesting EV charging facilities 1 2 3 4 5 6 7 8 9 10 11 Sun Hung Kai Properties Limited | Sustainability Report 2023/24 < 27 > 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