Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Workplace
• Operating Practices
• Community

Environmental Achievements

• Several major properties earned green building certifications (BEAM Plus and LEED Gold)
• Implemented energy-saving initiatives in head office, investment properties, hotels, and serviced apartments (LED lighting, energy-efficient air conditioning, heat recovery systems)
• Implemented waste management and recycling programs across various properties
• Promoted paperless working environment, reducing paper consumption
• Implemented water conservation measures

Social Achievements

• Maintained a diverse workforce in terms of gender and age
• Provided comprehensive employee benefits (MPF contributions, medical coverage, life insurance, paid leave, birthday leave)
• Implemented strict compliance with employment ordinances
• Organized various employee well-being activities (yoga, workshops, sports events)
• Offered comprehensive training and development programs, including MORS certifications for hotel staff

Governance Achievements

• Established policies and procedures for anti-corruption, anti-money laundering, and counter-terrorist financing
• Implemented a whistleblowing policy
• Complied with relevant laws and regulations

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting operations and employee well-being

Mitigation Strategies

• Established a committee and contingency plans to address pandemic challenges
• Distributed epidemic prevention bags to staff
• Strengthened workplace disinfection and cleaning
• Organized special training arrangements during the pandemic

Supply Chain Management

Responsible Procurement

• Strict supplier selection process based on tenders, environmental plans, quality control plans, and safety plans

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: HKEX ESG Reporting Guide

Awards & Recognition

• Hong Kong Outstanding Corporate Citizenship Logo
• 15 Year Plus Caring Company Logo
• Macau Green Hotel Award (GEH)
• Hotels.com Loved By Guests Award (GEH)
• Other awards for GEH

Environmental Metrics

ESG Focus Areas

• Environment
• Workplace
• Operating Practices
• Community

Environmental Achievements

• Several major properties earned green building certifications (BEAM Plus and LEED Gold)
• Implemented energy-saving initiatives in head office, investment properties, hotels, and serviced apartments (LED lighting, efficient air-conditioning, waste heat reuse)
• Implemented waste management and recycling programs across various properties, including waste separation facilities and reuse of materials
• Considerably reduced paper usage through electronic communication

Social Achievements

• Maintained a relatively low staff turnover rate among managerial positions
• Provided comprehensive employee benefits (MPF contributions, medical coverage, life insurance, extra paid annual leave, birthday leave)
• Offered comprehensive training to enhance employee knowledge and skills
• Implemented measures to support breastfeeding employees
• Maintained an extremely low rate of work-related accidents and injuries

Governance Achievements

• Established policies and procedures for anti-corruption, anti-money laundering, and counter-terrorist financing
• Implemented a whistleblowing policy and procedures
• Complied with relevant laws and regulations in related regions concerning prevention of child or forced labour

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic adversely impacted business operations, leading to decreased energy consumption

Mitigation Strategies

• Established a committee and formulated contingency plans to address Covid-19 challenges
• Implemented precautionary measures such as work-from-home arrangements, provision of lunch boxes, and enhanced disinfection and cleaning
• Encouraged employees to receive Covid-19 vaccinations and granted leave days for recovery

Supply Chain Management

Responsible Procurement

• Strict supplier selection process based on tenders, environmental plans, quality control plans, and safety plans

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: HKEX ESG Reporting Guide

Awards & Recognition

• 15 Years Plus Caring Company Logo
• The Most Outstanding Caring Award (Enterprise Group)

Environmental Metrics

ESG Focus Areas

• Environment
• Workplace
• Operating Practices
• Community

Environmental Achievements

• Several major properties earned green building certifications (BEAM Plus and LEED Gold)
• Implemented energy-saving initiatives across head office, investment properties, hotels, and serviced apartments (LED lighting, energy-efficient appliances, heat recovery systems)
• Implemented waste management and recycling programs across various properties
• Reduced paper consumption through paperless initiatives and smart printing solutions

Social Achievements

• Maintained a diverse workforce in terms of gender and age
• High employee retention rate (50% of staff worked for 5+ years)
• Provided comprehensive employee benefits and training programs
• Organized various employee engagement activities to promote work-life balance

Governance Achievements

• Established an ESG Policy and Work Team to manage ESG-related matters
• Complied with relevant laws and regulations (Employment Ordinance, Macau Labour Relations Law, etc.)
• Implemented anti-corruption and anti-money laundering policies and procedures
• No legal cases regarding corrupt practices were brought against the Group or its employees

Climate Goals & Targets

Environmental Challenges

• Potential risks of climate change (increased energy consumption, extreme weather events)
• Maintaining high quality standards across operations and products
• Managing environmental and social risks in the supply chain

Mitigation Strategies

• Monitoring potential risks of climate change and implementing preventive measures
• Strict supplier selection process with focus on quality, price, delivery, and environmental commitment
• Regular site visits and monitoring of developments to ensure quality standards are met
• Implementing various measures to reduce energy and water consumption, minimize waste, and increase recycling

Supply Chain Management

Supplier Audits: More than 100 contractors and suppliers; regular visits to supplier workplaces to promote proper labor standards

Responsible Procurement

• Strict supplier selection process based on quality, price, delivery timeliness, supplier’s capability, experience, and environmental commitment

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Reporting Standards

Frameworks Used: HKEX ESG Reporting Guide

Certifications: BEAM Plus, LEED Gold, ISO 9001

Awards & Recognition

• 15 Years Plus Caring Company Logo

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Workplace Quality
• Operating Practice
• Community Involvement

Environmental Achievements

• Several major properties earned green building certifications (BEAM Plus and LEED).
• Reduced GHG emissions (Scope 1, 2 & 3) from 7,956,745 kgCO2e in 2022/23 to 9,752,705 kgCO2e in 2023/24 (Note: increase, not reduction).
• Reduced energy consumption in Hong Kong Office, investment properties, and hotels through various measures (LED lighting, energy-efficient appliances, etc.).
• Implemented waste reduction and recycling initiatives in offices and hotels.

Social Achievements

• Implemented talent management strategies (competitive compensation, career development, employee engagement initiatives).
• Maintained a low staff turnover rate among managerial positions.
• Offered various employee welfare benefits (provident fund contributions, medical coverage, life insurance, seasonal flu vaccination discount program, breastfeeding friendly workplace).
• Organized various staff activities to promote work-life balance and team spirit.

Governance Achievements

• Established an ESG Committee and an Executive Committee to oversee ESG-related matters.
• Adopted an ESG Policy.
• Implemented robust compliance frameworks and internal controls to mitigate risks.
• Complied with relevant laws and regulations concerning employment, data protection, anti-corruption, and anti-money laundering.

Climate Goals & Targets

Environmental Challenges

• Employment risk (attracting, recruiting, and retaining key personnel).
• Operational risk (loss of major tenants, rental reductions, reliance on Hong Kong market, land acquisition challenges, funding availability).
• Environmental risk (stringent environmental policies, expectations for green buildings).
• Social and Governance risk (changes in government regulations).

Mitigation Strategies

• Talent management strategies, competitive compensation packages, career development opportunities, employee engagement initiatives, skills training, work-life balance programs.
• Maintaining a well-balanced tenant mix, timely renovations, diversified investment portfolio, active participation in land auctions, strict budget adherence, joint venture structures, stringent cash and treasury management, diverse financing sources.
• Close communication with contractors, innovative sustainable design features, green building certifications.
• Close monitoring of government policies, preventive measures, open communication channels with authorities and stakeholders.

Supply Chain Management

Supplier Audits: Over 100 contractors and suppliers engaged in Hong Kong property projects (2023/24); site visits to promote proper labor standards.

Responsible Procurement

• Strict tendering process considering environmental, quality control, and safety plans; consideration of company history, reputation, and references.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather conditions interrupting power supplies; increased energy consumption; supply chain disruptions.

Transition Risks

• Stringent environmental policies; expectations for green buildings; stricter ESG disclosure requirements; higher requirements regarding climate-related disclosure from banks.

Reporting Standards

Frameworks Used: HKEX ESG Reporting Guide

Certifications: ISO 9001, ISO 14001, ISO 50001, ISO 45001 (for some investment properties), BEAM Plus (various levels for several properties), LEED v4.1 Operations and Maintenance (EGCBJ)

Awards & Recognition

• 20 Years Plus Caring Company Logo (Hong Kong Council of Social Service)
• BCI Asia Top 10 Developers Award
• Quality Wedding Merchant (ESDlife)
• Meituan Outstanding Partner Award 2023 (Meituan)
• Most Popular Bronze Award (4-Colour Biz-Green Outfits Social Challenge)