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 25 Sun Hung Kai Properties Limited | Sustainability Report 2024/25 Our comprehensive carbon management programme, initiated in 2008, includes voluntary carbon audit at the majority of our properties. This year’s achievements include 27 energy audits and 51 carbon audits for our managed properties, complemented by complimentary energy audits, carbon audits and energy-saving recommendations for around 570 tenants. We have expanded our smart metering infrastructure and implemented tenant eco-efficiency programmes. We have also established green fitting-out guideline and provided suggestions to new tenants regarding energy saving and resource conservation during their design and fitting-out processes. To enhance energy efficiency, our hotels have installed sub-meters for monitoring and management of electricity use. During the reporting year, ALVA Hotel by Royal installed frequency inverter for the Primary Air Unit (PAU), which saved 10-15% of operating energy. For Hyatt Centric Victoria Harbour Hong Kong, heat and UV blocking film was applied on windows throughout the property to avoid cooling loss. Meanwhile, Sanfield conducts monthly in-house carbon emissions reviews for individual project sites. We conduct internal webinars and events to inform our property management and technical staff about energy-saving strategies and best practices, building our internal capacity. These include topics, such as chiller plant control optimization and electronically commuted plug fans application. During the reporting year, Hong Yip organized the ESG and Occupational Safety and Health Annual Conference 2024, highlighting the path to net-zero emissions by 2050 and reinforcing ESG integration across operations. The event served as a platform to promote carbon neutrality strategy and communicate with colleagues, emphasizing the significance of embedding ESG principles into business strategies. Energy Saving and Retrofitting Programmes In pursuit of our emissions-reduction targets, we are implementing retrofitting initiatives across our operations. Key measures include chiller optimization, LED lighting conversion, chiller plant replacement and smart sensor deployment. This year saw the launch of more than 50 energy-saving projects across our properties, with 22 projects securing grants from the CLP Eco Buildings Fund or HKE Smart Power Building Fund. Our managed properties showcase innovative energy management through smart technology integration. AI systems at MOKO and KCC optimize chiller plant efficiency and maintain occupant comfort through analyzing real-time chiller plant operation data, while Sun Hung Kai Centre’s retro-commissioning, chiller system optimization and the BIM for facility management have achieved cumulative savings of more than 60 million kWh over the past 15 years. Our managed properties also proactively save energy with hardware commissioning and retrofitting. Starting from 2018, MOKO has installed efficient water-cooled and air-cooled chillers while leveraging AI technology to optimize chiller plant operation. These actions have saved around 4.7 million kWh of electricity compared to the 2015 baseline year. At K-Point, 43 fan coil units (FCU) and three air-cooled chillers were retrofitted during the reporting year, saving around 300 MWh electricity annually. Retro-commissioning and chiller system optimization at Sun Hung Kai Centre Frequency inverter for the PAU at ALVA Hotel by Royal Hong Yip’s ESG and Occupational Safety and Health Annual Conference 2024 Hotel