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 36 Sun Hung Kai Properties Limited | Sustainability Report 2024/25 Kai Shing’s staff introduces Castello’s waste reduction initiatives to the Secretary We facilitate responsible consumption through extensive recycling infrastructure and initiatives across our managed properties. Key achievements include: Around 230 properties participating in Environmental Protection Department’s (EPD) Waste Reduction and Recycling Charter while around 310 properties joined the Carbon Neutrality (Waste Reduction) Charter More than 110 properties enrolled in EPD’s Green Collect Service to facilitate recycling among residents Active participation in environmental initiatives, such as EPD’s Glass Container Recycling Charter and Peach Blossom and Natural Christmas Tree Recycling Programme, and Greeners Action’s Lai See Reuse and Recycle Programme We engage tenants to divert food waste from landfill to the Organic Resources Recovery Centre (O•PARK1) More than 100 of our managed properties joined the World Food Rescue Week by Food Angel YATA and our hotels also participated in various food waste recycling initiatives, such as the World Food Rescue Week by Food Angel, Food Grace Moon Cake Recycling Campaign and CNY Food Recycling campaign, to collect leftover food from our customers, hotel guests and the public for redistribution to underprivileged communities Four Seasons Hotel Hong Kong has an organic waste diversion programme that converts food waste off-site into biogas for renewable energy and agricultural compost ICC ICC completed a comprehensive waste audit this year to analyze tenant waste composition. These insights will guide our future recycling strategies and engagement programmes. We have also launched an innovative free reusable tableware rental service, enabling tenants to borrow and return cleaned tableware through the concierge, reducing waste generated from single-use containers. Century Link Our smart waste management system features five strategically placed bins facilitating efficient food waste recycling. The programme incentivizes resident participation through a points-based reward system redeemable at the clubhouse. Through educational booths and guided tours, we have enhanced community engagement, resulting in more than 22 tonnes of food waste collected in 2024. Hotels Both The Royal Garden and Hyatt Centric Victoria Harbour Hong Kong have implemented the Lumitics system, leveraging AI, image recognition and data analytics to optimize food waste management. This technology has enabled Hyatt Centric Victoria Harbour Hong Kong to achieve a remarkable 46% reduction in food waste in 2024 through improved menu planning and operational adjustments. The hotel’s ORCA food waste digester has further advanced our sustainability efforts, converting food waste into liquid form for safer disposal. It has diverted 30 tonnes of food waste from landfills. Promoting Food Waste Reduction and Recycling Our comprehensive food waste management strategy: Hong Yip and Kai Shing have food waste management or installed food waste machines at 66 properties, collecting around 9,700 kg daily 43 commercial and residential properties participated in the EPD smart recycling bin pilot scheme We host regular educational programmes or tours to raise stakeholders’ awareness of responsible waste management Tenants can rent free tableware through ICC’s concierge The Lumitics system and ORCA food waste digester analyze food waste patterns through AI technology Century Link residents learn about food waste recycling Our commitment to waste management excellence is reflected in Hong Yip and Kai Shing’s achievements, with more than 400 managed buildings recognized in the Programme on Source Separation of Domestic Waste and Commercial and Industrial Waste, including four Diamond Award-winning residential properties. Visit by the Secretary for Environment and Ecology In June 2025, the Secretary for Environment and Ecology, Mr Tse Chin-wan, visited Castello, a residential property managed by Kai Shing that demonstrates encouraging results with its high recycling rate. In the first quarter of this year, Castello collected a total of around 21 tonnes of food waste, six tonnes of plastics, and three tonnes of wastepaper, and achieved an average monthly recycling volume per household of 6.3 kg. The visit included a tour of the recycling facilities, featuring a newly-installed food waste smart recycling bin subsidized by the Recycling Fund, a refuse compactor and sorting facilities, followed by a dialogue session engaging with residents at the clubhouse.