Sustainability Report 2023/24

Report Assurance SHKP obtains external independent assurance for our sustainability reports. The senior management of the Group is responsible for engaging an external independent assurer to ensure that the information and data presented in this report is accurate and in accordance with the reporting standards. During the assurance process, senior executives are also interviewed by the assurer to discuss SHKP’s approach to stakeholder engagement. This report has been independently assured by the British Standards Institution with respect to the extent of its coverage, information and data provided in accordance with the standards mentioned above. The independent assurance opinion statement is presented in Appendix VIII of this report. We welcome your comments and suggestions on our sustainability disclosures, performance and initiatives. Please contact us at sustainability@shkp.com Our Reporting Approach Scope of the Report Sun Hung Kai Properties Limited (SHKP) is pleased to share its annual Sustainability Report for financial year 2023/24. This report, covering the same period as the Annual Report from 1 July 2023 to 30 June 2024, highlights our commitment and achievements in creating value for the environment, our people, our customers, our supply chain and the community. The report also describes the sustainability performance and initiatives of our head office and wholly-owned subsidiaries of our property-related business in Hong Kong (collectively: the Group). Property Management: • Hong Yip Service Company Limited (Hong Yip) • Kai Shing Management Services Limited (Kai Shing) Construction: • Sanfield (Management) Limited (Sanfield) Royal Brand Hotels: • ALVA Hotel by Royal • Royal Park Hotel • Royal Plaza Hotel • Royal View Hotel • The Royal Garden During the reporting year, SHKP continued to operate on the mainland and Singapore, which collectively constitute approximately 20% of our portfolio by total assets. Please refer to our Annual Report 2023/24 for the details of our portfolio. Efforts are being made to enhance the disclosure of our operations on the mainland for greater transparency and a higher level of completeness. SHKP’s other listed subsidiaries in Hong Kong also issue independent reports to meet the requirements of the Environmental, Social and Governance Reporting Guide (ESG Guide) as set out in Appendix C2 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Please refer to their websites for the respective reports. Reporting Principles in the ESG Guide Reporting Standards The Report is prepared in accordance with the ESG Guide, the Global Reporting Initiative (GRI) Standards 2021, and with reference to the 10 principles of the United Nations Global Compact (UNGC), the IFRS S2 Climate-related Disclosures (IFRS S2) issued by the International Sustainability Standards Board (ISSB), and the Sustainability Accounting Standards Board (SASB) Standards, to align our strategies with international sustainability principles. This report is prepared in accordance with the four Reporting Principles stipulated in the ESG Guide: materiality, quantitative, balance and consistency as well as the eight reporting principles from GRI standards. Materiality • Regularly engages with our stakeholders to review the ‘materiality’ of our ESG topics • Sustainability Steering Committee is involved throughout the process to review and validate stakeholders’ comments Quantitative • Quantitative data are presented throughout the report and in Appendix III - Performance Tables Balance • Discloses both positive and negative aspects of our performance to present a fair and ‘balanced’ view of SHKP’s sustainability performance Consistency • Includes detailed and consistent methodologies for public review and comparison • Any changes in the reporting scope will be revealed to maintain the report’s consistency GRI Reporting Principles Comparability Verifiability Balance Sustainability Context Clarity Timeliness Accuracy Completeness sustainability@shkp.com 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 Sun Hung Kai Properties Limited | Sustainability Report 2023/24 < 1 >