Sustainability Report 2023/24

Should a preliminary review suggest the need for an investigation, the results of that investigation – and any recommendations – are reported to the Chairman and Managing Directors. Significant concerns are also reported to the Audit and Risk Management Committee for review. Individuals found engaging in misconduct or violating company standards are subject to disciplinary measures, including verbal or written warnings, performance improvement evaluations, or termination of employment. We have similar standards for practices in our supply chain. For more details, please refer to the Value Created for Supply Chain section. Sustaining Talents and Nurturing a Resilient Team We maintain our competitiveness by providing performance-based compensation packages, which are reviewed regularly. To attract and retain talent, we provide our employees with rewarding remuneration for outstanding performance and attractive benefits that are aligned with best practices of the market. Full-time employees enjoy comprehensive benefits, including healthcare, various types of leave and retirement benefits. Remuneration and welfare policies at Sanfield include a five-day work week for engineers and an additional three extra rest days per month for frontline staff. Our talent pipeline is cultivated by long-term partnership with local educational institutions: We partner with the Vocational Training Council to offer internship opportunities – akin to graduate positions – for final-year engineering students from higher diploma programmes. We support the government’s Greater Bay Area Youth Employment Scheme, offering job opportunities to young professionals in the region. Six graduates from top-tier local, mainland and international universities were recruited during the reporting year. We also participated in the government’s Scheme on Corporate Summer Internship on the Mainland and Overseas 2024 by sponsoring interns’ major expenses. We provide these local and diverse young talents with on-the-job training, access to external learning opportunities, mentorship, and sponsorships for professional qualifications. Greater Bay Area Youth Employment Scheme graduates explore SHKP’s work Management trainees visit projects to gain understanding of our businesses Leading the way in the property management industry, Hong Yip uses artificial intelligence (AI) for talent selection. This reduces recruitment costs and enhances efficiency by assisting the matching of candidates’ skills with job specifications. We recognize exceptional performance by our staff with appraisals, career progression opportunities and annual awards. The latter – presented by our Deputy Managing Directors – motivate our top talent and so help to retain them. Royal Hotels A two-year practical learning programme with the Hong Kong Polytechnic University’s College of Professional and Continuing Education (CPCE), offering more than 200 internships at nine SHKP hotels The Group SHKP Summer Internship Programmes, Management Trainee Programmes and Graduate Trainee Programmes Sanfield Sanfield Summer Internship Programmes for undergraduates majoring in construction and engineering-related subjects Hong Yip A Memorandum of Understanding (MoU) with Hong Kong Metropolitan University, forging our partnership with curriculum development, internships and mentorship Kai Shing KS 100 Summer Internship Programme, offering practical work experience and comprehensive training, with a Best Intern Award and job offers for outstanding young talents Sun Hung Kai Properties Limited | Sustainability Report 2023/24 < 48 > 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