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 18 Sun Hung Kai Properties Limited | Sustainability Report 2024/25 G R E E N B U I L D I N G CERTIFIED LEED LEED LEED LEED v5.0 CO 2 Transformative Sustainable Development Practices Through Innovation embodied carbon. The AI-empowered Building Management System, featuring advanced Mechanical Ventilation and Air-conditioning (MVAC) optimal control strategies, achieves around 5.6 million kWh annual electricity savings. We have also developed innovative carbon-capturing concrete using steam and carbon dioxide (CO 2 ) curing methods, carbon capture coating and CO 2 activation processes, optimizing CO 2 sequestration while improving concrete strength and durability with reduced carbon emissions. Our subsidiary Glorious Concrete demonstrates industry leadership by supplying Construction Industry Council (CIC) Green Product-certified low-carbon ready-mixed concrete, offering four types of Platinum-grade ground granulated blast-furnace slag (GGBS) concrete for construction uses. In collaboration with PolyU, CLPe Solutions, Jardine Engineering Corporation Limited and Trane Service Hong Kong, Kai Shing developed a charter aimed at Smart Energy Optimization and AI Control, which achieved three million kWh electricity savings across eight managed properties through AI-controlled air conditioning systems from July 2023 to June 2025. This collaboration empowers tenants to enhance energy efficiency through innovative technologies. In partnership with the Hong Kong Metropolitan University (HKMU) and funded by the Research Matching Grant Scheme, Hong Yip co-developed IoT solutions for preventive maintenance and environmental monitoring in selected buildings, specifically targeting water pump systems. Our commitment extends to promoting industry- wide sustainability standards. The Group’s Memorandum of Understanding (MoU) with the Hong Kong Green Building Council and BEAM Society Limited aims to expand BEAM Plus standards and certifications beyond Hong Kong, fostering a wider adoption of these recognized green building standards and advancing sustainable development globally. Key Sustainable Building Performance Highlights as at June 2025 4 Our target is to achieve 87% by the end of FY2025/26. Core office buildings are offices with at least 50% ownership by SHKP, and at least 400,000 square feet total GFA. 5 Includes WELL Health-Safety Rating, WELL Performance Rating and WELL Certifications received by projects under development, and properties owned or managed by SHKP in Hong Kong. ~ 91% of our ongoing construction sites (by total gross floor area) are BEAM Plus-registered ~ 85% (by total attributable gross floor area) of our core completed office buildings 4 for long-term rental in Hong Kong and Shanghai have attained LEED Gold or Platinum ratings, including pre-certification 39 of our commercial, industrial and residential buildings were rated ‘Excellent’ in Management in the Selective Scheme of BEAM Plus Existing Buildings V2.0, while 48 achieved ‘Good’ ratings We have received 452 Wastewi$e certificates, 79 IAQwi$e, and 27 Carbon Reduction certificates ~ 150 green-building-related certificates 1 are earned across 123 projects in Hong Kong Sustainability is embedded throughout our building lifecycle, from design and construction to operation. Our commitment to sustainable practices is articulated in our Sustainable Building Policy and the Sustainable Building and Environmental Targets s ection. Our expert team, including 68 accredited Hong Kong Building Environmental Assessment Method (BEAM) professionals, drives improvement in energy efficiency, material use and waste management through advanced green technologies. To accelerate construction decarbonization, we maintain strategic partnerships with universities and research institutes. Our collaboration with the Hong Kong Polytechnic University (PolyU) explores cutting-edge green applications, building materials and construction processes. At our High-Speed Rail West Kowloon Terminus Development, we piloted a smart energy management project integrating AI, IoT, and digital twin technology to enhance energy efficiency and reduce ~ 50% of our managed properties (by total gross floor area) in the reporting scope have obtained green building-related certificates Park Central (Shopping Arcade) achieved Gold rating in the Final Assessment under the new version of BEAM Plus Existing Buildings V3.0 (Beta Version) ICC: First building in Asia to achieve LEED v5.0 Operations and Maintenance: Existing Buildings Platinum certification with the highest score among seven certified buildings worldwide 10 of our managed properties have obtained 14 certifications from WELL 5 ~ 75% (by total gross floor area) of our portfolio earned 452 Energywi$e certificates Sierra Sea at Sai Sha: Hong Kong’s first private residential development project achieving triple certification: WELL Community Standard™ pre-certification, BEAM Plus New Buildings Provisional Gold rating and WiredScore Home Platinum pre-certification
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