Sustainability Report 2023/24

Driving Innovation Through Collaboration We believe that innovation thrives through collaboration with industry partners. Last year, we organized a seminar and introduced blockchain technology to our engineers, suppliers and contractors, so as to encourage our industry partners to adopt blockchain to enhance their efficiency in construction and procurement processes. This year, we hosted the third BIM and DfMA summit with our BIM consultant for our project management team, engineers, consultants, contractors and suppliers. The summit, attended by around 160 participants, gave our business partners the opportunity to share challenges and opportunities in implementing on BIM and DfMA as well as discuss how to enhance technological efficiency. Sanfield participated in the Construction Industry Council (CIC)’s Global Construction Sustainability Forum and Exhibition 2023, showcasing smart building technology. Our innovations and digitalization earned wide recognition from industry leaders and attendees. The positive reception triggered discussions on potential collaborations, driving us towards a future of industry-wide innovation. We have partnered with the Hong Kong Polytechnic University to research green applications, green building materials and green construction processes. The following highlights the progress made in our research: Sanfield signed the CIC’s Construction Digitalization Charter to support the digitalization of site monitoring. As part of our commitment, we will devise a digitalization roadmap for 2026, incorporating BIM, a common data environment (sharing hub) and digital tools to enhance construction site monitoring. CASE STUDY One of our electric truck cranes makes its debut Celebrating our new electric construction equipment The summit brought together industry leaders to discuss challenges and opportunities in implementing innovative technology Green Applications • Developed a smart, efficient and flexible energy management system based on data collected across our portfolio • Enhanced the current mechanical ventilation and air conditioning (MVAC) system by adopting the physics-guided and AI-empowered energy platform Green Building Materials • Developed a novel stream and CO 2 combined curing method that resulted in improved strength and reduced sorptivity of cement paste • Developed a CO 2 activation process to use more low-carbon supplementary cementitious materials in concrete Green Construction Processes • Established the first-ever blockchain-based platform for the construction industry to enhance BIM application Sanfield’s smart building technology receives wide recognition from industry leaders and attendees The nine units of electric construction equipment consist of five truck cranes, two truck mixers and two trailer pumps. Several have been put to use on SHKP projects, including the mega project at Sai Sha and the expansion of the Hong Kong Business Aviation Centre. Electrification on construction sites is a crucial element of our decarbonization strategy and demonstrates our active support of the HKSAR Government’s Climate Action Plan 2050. This transition is expected to reduce carbon emissions by approximately 240 tonnes annually. Sun Hung Kai Properties Limited | Sustainability Report 2023/24 < 77 > 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