Sustainability Report 2023/24

Enhancing Sustainability in Procurement We emphasize sustainable sourcing as stipulated in our Environmental Policy, Sustainable Building Policy, Supplier Code of Conduct, Sustainable Supply Chain Management Guideline and procurement guidelines. We give priority to environmentally friendly products and services and have mandated our property management subsidiaries to incorporate environmental considerations into their procurement decisions. To optimize resource efficiency in construction, Sanfield uses materials, such as precast facades, aluminium formwork and green bricks. Pre-finished and smooth blocks, instead of plaster, reduce waste and improve overall efficiency. We prioritize sustainable and green building materials. Adhering to BEAM Plus standards, all timber for temporary works – including falsework, formwork and hoarding works – is originated and certified by sustainable sources like Forest Stewardship Council (FSC). We prioritize timber certified by FSC or equivalent bodies, and reuse it wherever feasible. To validate compliance, our timber suppliers provide monthly certificate submissions and delivery records as evidence. We strive to reduce embodied carbon and undertake carbon assessments at our construction sites. These will cover emissions, energy use, water use and transport. We use products with environmental and health product declarations that are locally sourced or feature recovered materials, materials with low embodied carbon, low-emitting VOC materials, and easily recyclable materials and packaging. Materials used in construction include green gypsum blocks, low-carbon tiles, concrete blended with pulverized fuel ash, and recycled glass. To further reduce embodied carbon in our buildings, we encourage suppliers to attain CIC Green Product certification. For more information on our sustainable sourcing, please see Value Created for Supply Chain section. Fostering Community Engagement in Green Lifestyles SHKP promotes sustainability, eco-friendliness and climate change awareness to stakeholders through green campaigns, urban farms, public engagement activities and promotion of green transport. 438 properties and construction sites managed by us have been named Hong Kong Green Organization. The Love Nature campaign was jointly launched by SHKP and Green Power in 2011. The first free terrestrial and coastal clean-up mobile app in Hong Kong, Nature Rescue, was subsequently developed. In 2024, we launched the latest version of Nature Rescue, allowing users to easily register for clean-up action, report rubbish blackspots and earn The Point bonus points. The integration of the app with our loyalty programme incentivizes the public to participate. Since its launch, the Love Nature campaign has facilitated more than 260 clean-ups, collected over 63 tonnes of waste and engaged around 11,800 people. We continued to support the WWF’s Earth Hour for a 16th consecutive year. More than 400 of our owned or managed residential, commercial and industrial buildings turned their lights off for an hour to reduce electricity consumption. The Smart Mobile Farm at sky100 allows visitors to experience urban farming We have set up urban farms at 42 of our managed properties to promote green lifestyle and living. During the reporting year, Metroplaza continued its Metro Green campaign and organized activities such as workshops for customers to experience harvesting. On the 100th floor of ICC, sky100 has installed Asia’s highest indoor sky hydroponic farm. This allows visitors to engage with urban farming and handpick crops while enjoying Hong Kong’s panoramic skyline Sun Hung Kai Properties Limited | Sustainability Report 2023/24 < 44 > 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