Key ESG Ratings

Sustainability Yearbook 2025 Member
Sustainability Yearbook 2024 Member (China)
Top 15% of Real Estate Management and Development Industry in both editions

Highest 5-Star rating for 4^th consecutive year
2024 Sector Leaders in Asia Diversified Category (Standing Investment Benchmark)
- Regional Sector Leader
- Regional Sector Leader - Listed
Public Disclosure Score: 100/100

Maintained A- Rating for Climate Change

AA+ ESG rating for 4^th consecutive year
Constituent of Hang Seng Corporate Sustainability Benchmark Index

Upgraded to AA Rating (2023: A)

Constituent

Ranked 11^th

Obtained Top 10

Maintained Low Risk

Sustainability at a Glance

In 2024, we remained dedicated to achieving our sustainability vision targets and advancing along our sustainability roadmap. This section provides an overview of our 2024 sustainability performances highlighting our key ESG achievements and progress.

Environment

100%
Investment Properties completed Climate Risk and Vulnerability Assessment(“CRVA”)
(2023: 80%)

26%
GHG intensity¹
(2023: 29%)

5%
Energy intensity¹
(2023: 13%)

1.
As compared to baseline year 2019. Performance data covers our Investment Properties. The increase in GHG emissions and energy usage was mainly due to the newly reported energy contributions from projects in Shenyang, Shanghai and Shenzhen.

People

99%
Employee trained rate
(2023: 98%)

42%
Women in senior positions²
(2023: 34%)

8.1 per 1,000 employees
Work-related injury rate³ (2023: 8.8)

2.
Refer to directors grades or above. The percentage is calculated based on the total number of employees directly employed by the Group (including hotels). The figure is 45% if hotel employees are excluded from the calculation. As at 31 December 2024, the Group (excluding hotels) had 4,719 employees. For 2023 figure, it referred to senior directors' grade or above.
3.
Refer to recordable employee work-related injuries that resulted in incapacity for a period of exceeding 3 day.

Community

HK$17 million
Donations
(2023: HK$25 million)

690+
Community initiatives
(2023: 680+)

Value Chain

92%
Contractors/suppliers are governed by Vendor Code of Conduct
(2023: 90%)

87%
Operations are governed by green procurement guidelines
(2023: 85%)

87%
Customers are satisfied with our services⁴ (2023: 95%)

4.
Our satisfaction surveys cover the offices, retail and residential properties managed by the Group.

Sustainable Finance

Sustainability-linked Loan Facilities
58% of the Group’s total loan facilities⁵
(2023: 48%)

5.
As at 31 December 2024, the Group’s total sustainability-linked loan facilities stood at approximately HK$50,277 million.

Sustainable Building

100%
Major Mixed-Use Developments (“MUDs”) received 3-Star/Gold or above sustainable building certifications^6,7 (2023: 95%)

84%
of our Investment Properties obtained WELL Core/WELL Health- Safety Rating certifications⁷ (2023: 70%)

40%
of our Investment Properties in the Mainland obtained all 3 reputable accreditations ⁷

6.
Sustainable building certifications include BEAM/BEAM Plus, LEED, WELL, and Green Building Evaluation Label.
7.
Calculated based on gross floor area.

Remark: "Investment Properties" refer to our owned and managed investment properties in Hong Kong and the Mainland.

The reporting scope of ESG data as outlined in Sustainability Highlight 2024 is defined as follows:

Environmental data covers our owned and managed investment properties in Hong Kong and the Mainland, and is compared to baseline year 2019.
Value chain and community-related performance data cover our managed properties and property projects under development in Hong Kong and the Mainland (excluding hotels).
Women in senior positions-related data pertains to staff members directly employed by the Group (including hotels).
Other people-related data pertains solely to staff members directly employed by the Group (excluding hotels).