SHKP 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 17 Sun Hung Kai Properties Limited | Sustainability Report 2024/25 Area Target Progress in FY2024/25 GHG Emissions Reduce scope 1 and 2 GHG emissions intensity of EOC-monitored buildings 2 by 35% ~ 35.6% 3 Electricity Consumption Reduce the electricity consumption intensity of EOC-monitored buildings 2 by 13% ~ 14.3% 3 Water Consumption Reduce the water use intensity of EOC-monitored buildings 2 by 5% ~ 7.6% 3 Waste Diversion Divert at least 70% of construction waste per year in Hong Kong construction projects in the reporting scope ~ 96.1% diversion rate Sustainable Building and Environmental Targets We proactively implement industry best practices for existing buildings and new developments. Through historical data analysis and peers benchmarking, we have established sustainable building and environmental targets and strives to continually improve our performance. Sustainable Building Targets 10-year Targets for FY2029/30 (Base Year: FY2019/20) Achieve Leadership in Energy and Environmental Design (LEED) certification across all new investment properties Obtain LEED Gold or Platinum ratings for core commercial projects under development Environmental Management System and Smart Management We constantly evaluate the efficiency of our management systems through internal and external reviews. Our property management and construction subsidiaries are certified with international environmental and energy management standards, and participate in annual internal and external audits. Corrective measures ensure continuous improvement, including improving management responsibilities and enhancing data monitoring. We have established comprehensive operating manuals and procedures to support internal communication on environmental management issues. Regular training is provided to improve employees’ awareness and keep them informed of emerging best practices and regulatory developments. Our property management subsidiaries have obtained the Hong Kong Q-Mark Council’s Green Mark Certification, validating our effective environmental management practices. We continuously invest in advanced technologies, including the Internet of Things (IoT), virtual reality (VR) and artificial intelligence (AI), to enhance the effectiveness of our management system. Within our franchise hotel portfolio, The Ritz- Carlton, Hong Kong has achieved The Green Key certification, meeting the Foundation for Environmental Education’s stringent environmental responsibility and sustainable operation requirements. Additionally, Hyatt Centric Victoria Harbour Hong Kong achieved the EarthCheck Certified Silver Accreditation, recognizing its outstanding sustainability performance in the hotel sector. Sustainability Data Management System Since 2014, our web-based sustainability data management system has enabled systematic data collection and monitoring. Business units submit consolidated data regularly for verification by the sustainability team. We also review and upgrade our system regularly. This year’s major system revamp expanded our data scope and streamlined collection processes, maintaining alignment with market trends and disclosure requirements. 2 SHKP’s major investment properties in Hong Kong, managed by the Energy Optimization Committee (EOC). EOC monitored 53 properties in FY2019/20, 60 in FY2020/21, 61 in FY2021/22, 62 in FY2022/23 and FY2023/24, and 63 in FY2024/25. 3 A significant reduction in GHG emissions, electricity and water consumption was observed during the reporting year. This achievement was attributed to our ongoing electricity and water usage reduction initiatives while reflecting overall business situation during the period. Although reduction targets have been met this year, we will closely monitor the progress in the coming years and consider if any adjustment is appropriate to the current targets. We strive to set robust targets aligned with our long-term sustainability goals and Hong Kong’s evolving regulatory landscape. We conduct thorough research to identify the most impactful and appropriate targets for the Group. We continue to enhance our scope 3 emissions inventory, strengthening our value chain emissions management for future target development. During the reporting year: Around 60% of our managed properties and construction sites in the reporting scope, and Wilson Parking were certified with ISO 14001 or ISO 50001 management system 109 buildings and construction sites were ISO 14001-certified 15 buildings and construction sites were ISO 50001-certified CO2 LEED LEED LEED ISO