Sustainability Report 2023/24

Waste management consideration is also integrated in the purchase of materials for each project. Excavated soil and sand are repurposed for backfilling and reclamation. Prefabricated steel reinforcement bars are preferred, and scrap steel – such as bored piles and I-beams – is reused and recycled. To effectively manage waste and promote a circular economy, we actively engage in purchasing materials from recycled-product suppliers. These include recycled timber decking, reconstituted stone, steel made of recycled content and paving blocks made of recycled glass. We also incentivize contractors to recover and recycle materials. During the reporting year, we diverted approximately 89.2% of construction waste from landfill disposal. During Operation We believe that a circular economy requires synergy with internal and external stakeholders, including tenants, customers and residents. Our properties offer recycling facilities and reverse vending machines, encouraging responsible consumption and providing convenient recycling. More than 350 buildings managed by Hong Yip were cited in the Source Separation of Domestic Waste, and the Programme on Source Separation of Commercial and Industrial Waste. Collaborating to Promote Recycling We collaborate with external partners to promote recycling: • Working with the Environmental Protection Department (EPD), we introduced initiatives such as the Glass Container Recycling Charter • 107 properties managed by Hong Yip and Kai Shing joined the Green Collect Service, which provides one-stop recycling • Kai Shing participated in the Hong Kong Environmental Protection Association’s Tree Conservation Scheme, which repurposed Christmas trees, peach-blossom trees and New Year flowers as organic fertilizers • We participated in Greeners Action’s Lai See Reuse and Recycle Programme, with collection boxes at our properties • ICC launched the Waste Electrical and Electronic Equipment Recycling Programme, in collaboration with Caritas Computer Workshop, to recycle electronic products discarded by tenants. More than 700 computer monitors were collected and donated to people in need • We supported the Umbrella Bags Reduction Accreditation Programme by Greeners Action for the seventh consecutive year. 47 and 11 properties earned Diamond certificates and Gold certificates, respectively • Hong Yip and Kai Shing joined the Recycling Fund: A Pilot Scheme on Efficiency Enhancement in Local Industrial and Commercial Waste Plastic Recycling, which is organized by Greeners Alliance Company Limited and funded by the Recycling Fund Uptown Plaza and Chelsea Heights Plaza participated in the EPD’s Municipal Solid Waste Charging Demonstration Scheme. This aims to support the government by assessing issues that may arise during implementation. Most of the Royal Hotels signed the Carbon Neutrality (Waste Reduction) Charter to show our support and commitment to waste reduction and recycling, food waste management, and plastic reduction to achieve carbon neutrality. To address new regulations on disposable plastic tableware and other plastic products, our Royal Hotels have: • Replaced single-use plastic water bottles with water dispensers • Replaced single-use plastics with eco-friendly tableware and containers, such as corn starch food boxes and wooden cutlery • Provided refillable bathroom amenities • Installed umbrella dryers in public area, replacing single-use plastic umbrella bags Reducing Food Waste in Our Property Management Arms • Hong Yip and Kai Shing have installed food waste machines at 57 of its commercial and residential properties, collecting around 8,000 kg per day • Supported the EPD pilot scheme on food waste collection to install smart recycling bins in managed estates. To date, 32 commercial and residential properties had participated the scheme • Encouraged food and beverage tenants to divert food waste from landfill to the Organic Resources Recovery Centre (O•PARK1) • Hosted regular courses to raise food and beverage tenants and residents’ awareness of responsible waste management • 46 and 27 properties were collection points for the Food Grace Moon Cake Recycling Campaign and Food Grace CNY Food Recycling Campaign, respectively, collecting food to be distributed to people in need • Hong Yip and Kai Shing participated in Food Angel’s World Food Rescue Week 2024. Our properties hosted ten collection points, which collected more than 500 kg of surplus food and encouraged food donations from the public Food Angel’s World Food Rescue Week 2024 Sun Hung Kai Properties Limited | Sustainability Report 2023/24 < 41 > 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