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SHKP issues 2015/16 Sustainability Report showing its determination to advance sustainability

2017-01-26

Sun Hung Kai Properties (SHKP) released its 2015/16 sustainability report today detailing efforts and achievements in sustainable development to create long-term value for customers, employees, business partners, shareholders, investors and the community.

This report follows the Core option of Global Reporting Initiative G4 Sustainability Reporting Guidelines and uses the full revised Environmental, Social and Governance Reporting Guide in Appendix 27 of the Hong Kong Stock Exchange listing rules.  The report also refers to the ten principles of the United Nations Global Compact.  The British Standards Institution has provided independent verification of the information in the report.

Highlights of SHKP’s sustainability achievements for the fiscal year ending 30 June 2016 include:

Enhanced Reporting Practice and Risk Management

  • Expanded stakeholder engagement to include consultants and key opinion leaders in the increasingly influential social media arena
  • Renamed Audit and Risk Management Committee (formerly Audit Committee) to better reflect its role in risk management

Effective Green Operations

  • Used at least 10% less electricity in major investment properties over the past five years
  • Park Island having achieved highest average participation rate in food waste recycling among housing estates, which participicated Food Waste Recycling Projects by Environment and Conservation Fund (starting since 2006)

Talent Development and People-oriented Human Resources Programmes

  • SHKP Quality Academy achieved a record attendance of staff training (257,994)
  • Named a distinguished family-friendly employer with initiatives including flexible working hours and breastfeeding support

Premium Product and Service Quality and Customer-focused Culture

  • Marked SHKP Club 20th anniversary connecting current and potential customers
  • Maintained positive ratings from homebuyers, tenants and hotel guests showing SHKP as a superior brand providing quality products and service

Responsible Corporate Citizen

  • Committed to donating a 10,000-square-foot site in Yuen Long to the Hong Kong Sheng Kung Hui Welfare Council for an integrated intergenerational service facility
  • SHKP Reading Club reached 35,800 members

Building Homes with Heart is the philosophy at the core of SHKP’s culture guiding all aspects of operations. The company is dedicated to creating value for stakeholders by giving customers first-class products and service, and providing better returns to shareholders.  It also has various programmes and initiatives to produce positive impacts on people, the community and the environment.

SHKP Sustainability Steering Committee said, “Sustainability will remain an integral part of the Group’s philosophy as it moves forward, and we will continue with a broad range of efforts to create more long-term value for stakeholders and work for the betterment of society.”

SHKP has eschewed printing the full report and executive summary as part of its efforts to preserve the environment. The report is available at: www.shkp.com/html/CSR/SHKPSReport/SR2016/index_eng.html

SHKP’s 2015/16 Sustainability Report follows the full revised Environmental, Social and Governance Reporting Guide from the Hong Kong Stock Exchange and has expanded stakeholder engagement showing its determination to advance sustainability
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SHKP’s 2015/16 Sustainability Report follows the full revised Environmental, Social and Governance Reporting Guide from the Hong Kong Stock Exchange and has expanded stakeholder engagement showing its determination to advance sustainability

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