SHKP Sustainability Report 2024/25

99 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 Appendix V Sun Hung Kai Properties Limited | Sustainability Report 2024/25 GRI Standards Indicator Details UNGC’s Ten Principles Reference (Page number) Remarks/Omission GRI 2: General Disclosure 2021 The Organization and Its Reporting Practices 2-1 Organizational details Our Reporting Approach (1); Our Business (3-4) Our headquarters is located in Hong Kong and we operate in Hong Kong, mainland and Singapore. 2-2 Entities included in the organization’s sustainability reporting Our Reporting Approach (1) Our principal subsidiaries are listed on pp.216-221 of our Annual Report 2024/25 . 2-3 Reporting period, frequency and contact point Our Reporting Approach (1) 2-4 Restatements of information Appendix III – Performance Tables (86-97) 2-5 External assurance Our Reporting Approach (1); Appendix X – Independent Assurance Opinion Statement (108-109) Activities and Workers 2-6 Activities, value chain and other business relationships Our Business (3-4); Value Created for Customers (49-61); Value Created for Supply Chain (62-71) To pursue alignment with financial reporting scope, we have expanded our reporting scope to include more properties with operational control and our non-property portfolio businesses this year. The information about our newly included business units can be found throughout the report and specifically in Appendix III. Although there are changes to the business relationship and value chain with the inclusion of new business units, the management approach of our supply chain remains consistent within the Group. We are working to streamline our data collection to provide more comprehensive data in the future. 2-7 Employees Principle 6 Our Reporting Approach (1); Appendix III – Performance Tables (86-97) As at 30 June 2025, the Group employed more than 38,000 employees. We do not employ non-guranteed hours employees. The data disclosed for social performance in Appedix III covers our full-time and part-time employees. Seasonal employment does not cause significant variations in the total workforce. 2-8 Workers who are not employees Principle 6 Our Reporting Approach (1); Appendix III – Performance Tables (86-97) Seasonal employment does not cause significant variations in the total workforce. Hong Kong and the mainland are the locations of operations covered in this report. The information of workers who are not employees is not available for the reporting year. Governance 2-9 Governance structure and composition Principle 10 Our Approach to Sustainability (5-14) More details can be found on Directors’ Biographical Information (pp.141- 151) and Corporate Governance Report (pp.108-126) of our Annual Report 2024/25 and our website - Directors and Board Committees . 2-10 Nomination and selection of the highest governance body Principle 10 Our Approach to Sustainability (5-14) More details can be found in the Corporate Governance Report (pp.108-126) of our Annual Report 2024/25 . 2-11 Chair of the highest governance body Our Approach to Sustainability (5-14) More details can be found in the Corporate Governance Report (pp.108-126) of our Annual Report 2024/25. 2-12 Role of the highest governance body in overseeing the management of impacts Our Approach to Sustainability (5-14); Appendix II – Stakeholder Engagement Process and Double Materiality Analysis Methodology (85) The Board meets at least once annually to review sustainability-related issues. 2-13 Delegation of responsibility for managing impacts Our Approach to Sustainability (5-14) 2-14 Role of the highest governance body in sustainability reporting Our Approach to Sustainability (5-14) The Board, via the Executive Committee, is also responsible for the Group’s Sustainability Report approval and endorsement. 2-15 Conflicts of interest Principle 10 Our Approach to Sustainability (5-14) There were no confirmed incidents or breaches of relevant laws or regulations regarding conflict of interest during the reporting year. More details can be found in th e Corporate Governance Report (pp.108-126) of our Annual Report 2024/25. 2-16 Communication of critical concerns Our Approach to Sustainability (5-14); Value Created for Supply Chain (62-71) The Audit and Risk Management Committee reports to the Board on all critical concerns. There were no critical concerns communicated in the Sustainability Steering Committee during the reporting year. 2-17 Collective knowledge of the highest governance body Our Approach to Sustainability (5-14); Value Created for People (40-48) We circulate our Sustainability Report and ESG news regularly to strengthen the collective knowledge of the Board and conduct internal reviews on ESG issues. 2-18 Evaluation of the performance of the highest governance body Our Approach to Sustainability (5-14) More details can be found in the Directors’ Report (pp.127-140) of our Annual Report 2024/25. 2-19 Remuneration policies N/A The remuneration policy for the Board is treated as confidential. More details on remuneration can be found in the Independent Auditor’s Report and Consolidated Financial Statements (pp.153-224) of our Annual Report 2024/25. Statement of use Sun Hung Kai Properties Limited has reported in accordance with the GRI Standards for the period 1 July 2024 to 30 June 2025 GRI 1 used GRI 1: Foundation 2021 GRI Standards Indicator Details UNGC’s Ten Principles Reference (Page number) Remarks/Omission 2-20 Process to determine remuneration N/A More details on remuneration can be found in the Corporate Governance Report (pp.108-126) of our Annual Report 2024/25. 2-21 Annual total compensation ratio N/A The information is treated as confidential. Strategy, Policies and Practices 2-22 Statement on sustainable development strategy Message from the Sustainability Steering Committee (2) 2-23 Policy commitments Our Reporting Approach (1); Our Business (3-4); Our Approach to Sustainability (5-14); Value Created for People (40-48) There is no intergovernmental instrument in our policy commitment. Our Sustainability Policies are listed on our website . Currently, the Human Rights and Equal Opportunities Policy and the Whistleblowing Policy are treated as internal documents. 2-24 Embedding policy commitments Our Approach to Sustainability (5-14); See Strategies and Management section in each chapter for details. 2-25 Processes to remediate negative impacts See Strategies and Management section in each chapter for details. 2-26 Mechanisms for seeking advice and raising concerns Principle 1, 2, 3 Value Created for People (40-48); Value Created for Supply Chain (62-71) 2-27 Compliance with laws and regulations Principle 10 Our Approach to Sustainability (5-14) We see compliance as a minimum requirement and require all employees and suppliers to comply with all applicable laws and regulations. During the reporting year, there was no non-compliance of laws and regulation in environmental and economic areas in Hong Kong. During the reporting year, there was one case of non-compliance regarding occupational health and safety in our operations and the subsequent fine was HKD 35,000. Following the incident, we have conducted a thorough investigation and followed up with the involved employee. To prevent the recurrence of similar incident, we will continue to monitor our health and safety risks and raise awareness among our employees. This includes reviewing our safety management practices, enhancing site supervision and respective training to safeguard and protect our employees. 2-28 Membership associations Appendix I – Awards, Memberships and Charters (82-84) Stakeholder Engagement 2-29 Approach to stakeholder engagement Our Approach to Sustainability (5-14); Appendix II – Stakeholder Engagement Process and Double Materiality Analysis Methodology (85) Our stakeholder identification and selection process adheres to the principles of stakeholder inclusivity, materiality, responsiveness and impact of the latest AA1000 AccountAbility Principles (2018) and the GRI Standards 2021. In 2023/24, we conducted a newmateriality assessment employing the principle of ‘double materiality’, which is recommended by the GRI and IFRS Sustainability Disclosure Standards. 2-30 Collective bargaining agreements Principle 3 N/A There are no formal collective bargaining agreements in place within SHKP. Yet, our employees can enjoy the freedom to take part in trade unions and collective bargaining if they wish. GRI 3: Material Topics 2021 Disclosures on Material Topics 3-1 Process to determine material topics Our Approach to Sustainability (5-14); Appendix II – Stakeholder Engagement Process and Double Materiality Analysis Methodology (85) 3-2 List of material topics Our Approach to Sustainability (5-14) Please refer to the Double Materiality Matrix (pp. 8-9) for details. 3-3 Management of material topics Our Approach to Sustainability (5-14); Appendix II – Stakeholder Engagement Process and Double Materiality Analysis Methodology (85); See Strategies and Management section in each chapter for details. More details of our economic impacts can be found on pp.94-99 of our Annual Report 2024/25 . Economic Topics GRI 201: Economic Performance (2016) GRI 3: Material Topics 2021 3-3 Management of material topics Our Business (3-4) More details can be found in the Review of Operations (pp.26-93) of our Annual Report 2024/25. 201-1 Direct economic value generated and distributed Our Business (3-4) More details can be found in the Review of Operations (pp.26-93) of our Annual Report 2024/25. 201-2 Financial implications and other risks and opportunities due to climate change Value Created for the Environment (15-39) Appendix V – GRI Content Index