Sustainability Report 2023/24

Prioritizing Construction Site Safety The health and safety of our construction workers is of utmost importance to us. The Board, via the Executive Committee, directs our group-wide strategy and development relating to occupational health and safety, and oversees our health-and-safety performance. Comprised of senior executives, the Occupational Health and Safety Committee manages health-and-safety risks, initiatives, target and performance in our business. We comply with all relevant laws and regulations, including the Occupational Safety and Health Ordinance, Employees’ Compensation Ordinance and Factories and Industrial Undertakings Ordinance, and commitments set out in our Health and Safety Policy. All contractors and subcontractors must adhere to our Health and Safety Policy, protocols and applicable occupational health and safety (OHS) standards. They must also have ISO 45001-certified – or equivalent – OHS management systems. OHS criteria are also introduced in some procurement and contractual requirements. Our annual safety targets apply to all employees, contractors and subcontractors. We monitor our safety performance, regularly evaluate the progress made towards achieving the safety targets, and prioritize and integrate action plans to reduce any health-and-safety issues and risks. If a project falls short of our safety targets, project managers and site agents are required to attend a Safety Executive Committee meeting, where they will be required to propose remedial actions to improve the OHS system and to better manage site conditions, especially for the high-risk activities. External safety consultants will also be engaged to conduct safety management system audits for continuous improvement. Annual performance bonuses of related executives and employee are determined by their safety performance. Safety Targets 3 for 2023/24 0 fatal accidents Fewer than 0.5 serious accidents 4 per 1,000 workers Fewer than 7.5 reportable accidents per 1,000 workers 3 This target is applicable for the calendar year from 1 January 2023 to 31 December 2023. 4 Work-related injuries that result in hospitalization for more than 21 days (loss of 9% or above of permanent total incapacity); and, or fatalities. 5 Industry rate is calculated per the calendar year and refers to the Hong Kong Labour Department’s Occupational Safety and Health Statistics Bulletin (August 2024). Financial year 0 5 10 15 20 25 30 2022/23 2021/22 2023/24 Accident Rate of Our Contractors at Construction Sites Compared with the Industry Accident rate per 1,000 workers Accident rate for our contractors Industry accident rate 10.3 12.9 11.4 27.6 29.5 29.1 We manage and monitor on-site health and safety. We have introduced measures to prepare for and respond to emergency situations. For example, the use of smart safety mobile app allows site management personnel to submit monthly safety reports, permits and checklists, while providing supervisors with up-to-date information for a safer work environment. Accident Rate per 1,000 Workers Our contractors: 1 1.4 Industry average: 27.6 5 0 fatalities were recorded among our contractors during the reporting year % 1,000 per Smart safety mobile app Sun Hung Kai Properties Limited | Sustainability Report 2023/24 < 78 > 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