Sustainability Report 2023/24
Employees are prohibited from soliciting or accepting advantages, gifts or entertainment from business partners, including suppliers and contractors. Offering such benefits is also prohibited. Facilitation payments to expedite administrative processes are also strictly prohibited under our policies. All charitable contributions must be transparent and comply with relevant laws and regulations. Our anti- corruption policies and guidelines are easily accessible through our intranet and website. Raising Awareness New employees receive training on our anti-corruption policies and guidelines during inductions. Regular refresher training ensures that directors and employees remain well informed about industry-specific ethical standards and anti-corruption practices. During the reporting year, we once again invited the Independent Commission Against Corruption (ICAC) to provide anti-corruption and business ethics training to all our full-time and part-time employees, contractors and subcontractors. Our directors received additional training materials related to anti-corruption and business ethics. Assessing Risk To avoid conflicts of interest, we conduct interviews and reference checks on candidates to mitigate the risk of ethical-conduct issues during the hiring process. During the reporting year, Hong Yip performed an audit to assess its anti-corruption policy and procedures, and conducted a staff ethical audit. These measures help us maintain a transparent and accountable environment within the Group. Anti-corruption No corruption or bribery is tolerated in our value chain. We comply with the Prevention of Bribery Ordinance – and our Anti-corruption Policy, Code of Conduct and Supplier Code of Conduct – and conduct annual reviews of our ethical standards and performance. Anti-corruption Responsibilities Upholding Ethical Standards in the Supply Chain We have zero-tolerance for corruption, bribery, money laundering, extortion, anti-competitive, fraud, false declarations and other forms of malpractice. Our ethical standards for suppliers and contractors are clearly defined in our Supplier Code of Conduct, which can be accessed on our company website. Hong Yip also shares the ICAC, Development Bureau and CIC’s Integrity Charter guidelines with vendors via its vendor portal. Tendering companies must disclose any potential or perceived conflict of interest. Vendors found to be involved in corruption, whether confirmed or suspected, may face suspension or exclusion from our tender list. Suppliers, contractors and subcontractors are also expected to have anti-corruption policies and programmes that meet our standards. Our whistleblowing procedures strongly encourage them to report suspicious activities and malpractice – including corruption, anti- competitive practices, fraud and false declarations – to the Group. During the reporting year, we did not knowingly work with any suppliers or contractors who contravened our anti-bribery and anti-corruption policy. Whistleblowing We promote open communication across the Group and with all stakeholders. Our whistleblowing mechanism enables internal and external stakeholders, including customers, to report misconduct, malpractice, impropriety and unethical or unfair treatment. Our Whistleblowing Policy provides clear examples of impropriety. During the reporting year, we delivered 6,500+ hours of anti-corruption training to 23,000+ full-time employees training full-time $ The Board Oversees Anti-corruption Policy and manages ethics and corruption-related issues The Executive Committee Periodically reviews and updates the Anti-corruption Policy when necessary Sun Hung Kai Properties Limited | Sustainability Report 2023/24 < 81 > 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
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