SHKP Sustainability Report 2024/25

8 Sun Hung Kai Properties Limited | Sustainability Report 2024/25 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 Double Materiality Matrix Governance and Economic Environment Workplace Practices Society Product Responsibility Financial Materiality (Impact on Enterprise Value) Impact Materiality (Impact on Economy, Environment and People) Low High High High priority Low priority 22 27 20 21 18 17 19 9 5 7 6 10 8 25 26 23 24 16 12 15 14 13 3 1 2 4 11 Materiality Analysis The Group reviews the materiality analysis annually based on the results of our stakeholder engagement exercise. In FY2023/24, we enhanced our materiality analysis approach to incorporate double materiality, allowing us to understand the importance of each selected ESG topic from a financial materiality and impact materiality perspectives. The double materiality matrix illustrates the relative importance and significance in terms of the impact on the Group’s enterprise value, and the impact on the economy, environment and people. During the reporting year, we reviewed the validity of the findings in FY2023/24 and agreed to maintain the result, as they remain aligned with our sustainability objectives. Energy, Climate Change Mitigation and Adaptation, and Product Safety and Quality remain the top three material topics in terms of double materiality. The assessment result as shown in this report was approved and signed off by the senior management and the Sustainability Steering Committee, which is chaired by a Deputy Managing Director. The materiality assessment process lies within the scope of our third-party assurance. For details on the material topics identification and assessment results, please refer to our Sustainability Report 2023/24 .