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 38 Sun Hung Kai Properties Limited | Sustainability Report 2024/25 Promoting Sustainable Procurement Our commitment to sustainable procurement is embedded in our Environmental Policy, Sustainable Building Policy, Supplier Code of Conduct, Sustainable Supply Chain Management Guideline and procurement guidelines. These frameworks ensure environmental considerations are prioritized and integrated into procurement decisions across all operations. Encouraging Green Lifestyles Through Community Engagement Our commitment to environmental stewardship extends beyond our operations, with around 380 properties and construction sites earning Hong Kong Green Organizations recognition. We actively promote sustainability and climate change awareness through green campaigns, urban farming, and promoting green transport solutions. Since 2011, our partnership with Green Power has driven the Love Nature campaign, featuring Hong Kong’s pioneering Nature Rescue app for terrestrial and coastal clean-up coordination and waste blackspots reporting. The app’s integration with The Point loyalty programme incentivizes public participation by earning bonus points, while collaborations with green organizations like A Plastic Ocean Foundation, Hong Kong CleanUp, and Plastic Free Seas expand our environmental impact. This year, we have upgraded our Nature Rescue app into an interactive platform to allow trusted green partners to initiate, organize and promote clean-ups as well as to recruit and communicate Our environmental leadership continues through multiple initiatives, including our 17th consecutive year supporting WWF’s Earth Hour, Resource Efficiency Enhancement in Construction Sanfield optimizes material usage through precast facades, aluminium formwork and green bricks Pre-finished and smooth blocks replace traditional plastering, reducing waste while improving efficiency Sustainable and Green Building Materials All temporary construction timber (for falsework and formwork) meets BEAM Plus standards through Forest Stewardship Council (FSC) certification or from certified sustainable origins We prioritize timber certified by FSC or equivalent bodies, and reuse it wherever possible. Timber suppliers are required to provide certificates through their supply chain and monthly delivery records to verify compliance with our requirements We prioritize products with environmental and health declarations that are sourced locally, or feature recovered materials, materials with low embodied carbon, low-emitting VOC emissions and easily recyclable materials and packaging Reducing Embodied Carbon We conduct comprehensive carbon assessments at construction sites covering emissions, energy and water consumption, and transportation Our construction material choices include green gypsum blocks, low-carbon tiles, concrete blended with pulverized fuel ash, Ground Granulated Blast Furnace Slag (GGBS)-based low carbon concrete and paving blocks containing recycled glass We promote CIC Green Product certification among suppliers to further reduce the embodied carbon of our projects. For details on our sustainable sourcing practices, please refer to the Value Created for Supply Chain section with more than 400 of our owned or managed properties participating. Furthermore, as part of our commitment to promoting a green lifestyle, we have established urban farms at 46 of our managed properties. For instance, Metroplaza has established an urban farm of more than 15,000 square feet with workshops organized for customers to experience harvesting. During the reporting year, we introduced the SHKP Mall Gift Card Green Sandbag Exercise, upcycling used or expired SHKP malls’ gift cards by shredding and transforming them into reusable green sandbags for operational use. Reward campaigns were also launched to incentivize customers to return used or expired gift cards at selected malls, promoting circularity and reducing waste. We leverage our property management resources to cultivate environmental consciousness within the community and encourage the adoption of sustainable lifestyles through various initiatives. with volunteers. During the reporting year, a large-scale clean up was organized at Tung Chung Bay on Lautau Island with participation from students, volunteers and partners, which removed around 170 kg of waste and recyclables. To date, the Love Nature campaign has organized >330 clean-up events, collected >71 tonnes of waste, and engaged >14,500 individuals. tonnes 71