Sustainability Report 2023/24

0 0.01 0.03 0.05 0.07 0.02 0.04 0.06 0.08 0.09 Nine units of electric-powered construction equipment joined our fleet during the reporting year, including five truck cranes, two truck mixers and two trailer pumps – a milestone in the decarbonizing of our construction activities. This replacement of diesel machinery is expected to reduce carbon emissions by approximately 240 tonnes annually. The new fleet also reduces noise levels and air pollutants on sites, fostering a cleaner and healthier environment for our frontline workers. We have engaged a third party to design energy-efficient solutions for our construction sites and are gradually replacing diesel-powered generators with Battery Energy Storage Systems: advanced energy storage systems that provide cleaner power. Our GHG Emissions and Energy Consumption Reduction Progress Within our operations, our multi-pronged Decarbonization Strategy guides our efforts in transitioning to low-carbon operations through a multi-pronged approach. We closely monitor and track our progress towards our 10-year targets for GHG emissions and energy consumption. Having already met our 2029/30 GHG emissions target, we have set a new goal for the future. By the end of FY2029/30, we aim to reduce the scope 1 and 2 GHG emissions intensity of EOC-monitored buildings by 35% 6 from FY2019/20. We have reduced our electricity consumption intensity by ~ 10.9 % since FY2019/20 Electricity Consumption Intensity of Major Buildings Monitored by the EOC 2 Electricity consumption intensity (kWh/m 2 of total gross floor area) 125 123 127 131 135 139 129 133 137 141 143 Financial year 2019/20 2020/21 2022/23 2023/24 2021/22 139.83 127.32 124.64 136.78 129.66 We have reduced our scope 1 and 2 GHG emissions intensity by ~ 29.5 % since FY2019/20 Financial year Scope 1 and 2 GHG Emissions Intensity of Major Buildings Monitored by the EOC 2 Scope 1 and 2 GHG emissions intensity (tonnes CO 2 e/m 2 of total gross floor area) 2019/20 2020/21 2022/23 2023/24 2021/22 0.0813 0.0617 0.0607 0.0593 0.0573 Trailer pumps During the reporting year, 23 Battery Energy Storage Systems were deployed at our construction sites, reducing ~ 5,300 tonnes of CO 2 emissions annually Truck mixers 6 Our new target is set with reference to the emissions reduction targets disclosed by local electricity suppliers, and projections of electricity emission factors for FY2029/30 are based on their emissions reduction roadmap and targets for the relevant years. While we are committed to reducing electricity consumption and emissions in our EOC buildings, future scope 2 emissions from electricity may vary from this projection, depending on the actual emission factor disclosed by the electricity suppliers at that time. Given this uncertainty, we will regularly review our progress toward achieving the target. Sun Hung Kai Properties Limited | Sustainability Report 2023/24 < 28 > 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