Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• No violation of environment-related laws and regulations.
• Progressive replacement of conventional lightings with LED lights.
• Energy audit conducted for properties under management.
• Excelsior Plaza, Wanchai Computer Centre and Causeway Place received Gold Award, The ONE received Platinum Award for minimising light nuisance and energy wastage.
• 14.8 tonnes of paper consumed, 54% recycled.
• Over 2,681.8 litres of food waste recycled at The ONE.

Social Achievements

• No work-related fatalities.
• 140 lost days due to work injury.
• No confirmed incident of non-compliance with relevant laws or regulations relating to safe working environment.
• Annual occupational health and safety training provided.
• Educational and Training Sponsorship Scheme implemented.
• HK$328,840 donated to charitable/community projects.
• Participated in 53 volunteering activities, contributing 570.5 volunteering hours.

Governance Achievements

• No case of corrupt practices recorded.
• Strict compliance with Prevention of Bribery Ordinance and relevant anti-corruption laws.

Climate Goals & Targets

Environmental Challenges

• Energy-intensive building development and management.
• Waste generation from various operations.
• Potential environmental impacts from business activities.

Mitigation Strategies

• Energy-saving initiatives (LED lights, Green Office initiative, energy audits).
• Waste management initiatives (recycling bins, Christmas tree recycling, e-communication).
• Green building design elements incorporated into buildings.
• Supplier engagement on waste management.

Supply Chain Management

Supplier Audits: 1,516 suppliers engaged; 1,459 local, 4 Mainland China, 53 overseas.

Responsible Procurement

• Legal and regulatory compliance
• Occupational health and safety
• Non-discrimination
• Anti-corruption
• Labour and environmental policies

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: HKEx ESG Reporting Guide

Awards & Recognition

• Hong Kong Community Volunteers (Corporate Member) – Certificate of Appreciation
• 10 Years Plus Caring Company
• Life Buddies Mentoring Programme 2017/18 – Certificate of Appreciation
• Outstanding Volunteers Recruitment Award
• Run for Paralympians Award
• Corporate Volunteer Matching Scheme – Certificate of Appreciation
• Chinese Estates Professorship in Engineering
• 2016-17 “Hong Kong Citizen Hong Kong Heart ” Volunteer Ambassador Program – Certificate of Appreciation
• Bronze Award for Volunteer Service (Organization)
• With Gratitude to Chinese Estates Holdings Limited in full support of “Famine 30”

Environmental Metrics

ESG Focus Areas

• Environmental protection
• Employee wellbeing
• Community contribution
• Product and service quality
• Ethics
• Corporate Governance
• Supply Chain Management

Environmental Achievements

• All properties owned and managed adopted LED lighting, enhancing energy efficiency.
• Excelsior Plaza and Causeway Place received Gold Award for external lighting, The ONE, Windsor House and Wanchai Computer Centre received Platinum Award.
• Collected 5,676.0 liters of food waste (112% increase from previous year).
• Recycled 10 tonnes of paper in offices.

Social Achievements

• Implemented Staff Gardening Programme.
• Organized annual outing for employees and their families.
• Honored employees who volunteered over 10 hours with certificates and gifts.
• Zero workplace fatalities.

Governance Achievements

• No case of corrupt practices recorded in 2018.
• Confidential whistle-blowing mechanism in place.

Climate Goals & Targets

Environmental Challenges

• Minimising unnecessary disruption to the natural environment from property development and management.
• Managing inherent risks in operations.
• Maintaining a stable supply chain.

Mitigation Strategies

• Implemented measures to mitigate adverse impacts of air emissions, wastewater discharges, waste generation and natural resources consumption.
• Complied with all applicable environmental laws and regulations.
• Communicated concerns and expectations to suppliers and contractors.
• Incorporated environmental considerations in business projects.
• Implemented waste management initiatives and plans.
• Engaged conscientious recycling contractors.
• Regular monitoring of existing suppliers.

Supply Chain Management

Responsible Procurement

• Sustainability performance considered in supplier selection.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: HKEx ESG Reporting Guide

Awards & Recognition

• Gold Award (Excelsior Plaza, Causeway Place)
• Platinum Award (The ONE, Windsor House, Wanchai Computer Centre)
• 10 Years Plus Caring Company Logo
• Silver Award for Volunteer Service (Organization)
• Various certificates of appreciation from different organizations

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced greenhouse gas emissions by 10% to 15% annually
• Reduced energy consumption by 6% to 12% annually
• Implemented water resource management policy and completed water resource audit in 2022
• Improved recycling rate of paper used in current offices
• Royal Garden (office public areas) and The Center (commercial public areas) awarded Indoor Air Quality Assessment Certificate - Excellent Grade by Environmental Protection Department

Social Achievements

• Launched employee well-being program
• Provided various training programs for employees, including emergency training, privacy regulations, and handling of potential insurance claims

Governance Achievements

• Strengthened disclosure of key performance indicators (KPIs) related to social aspects
• Implemented anti-corruption training for directors and employees
• No concluded legal cases related to corruption were recorded in 2021

Climate Goals & Targets

Environmental Challenges

• Climate change related risks (extreme weather, regulatory changes)
• Supply chain management risks

Mitigation Strategies

• Climate risk assessment to identify physical and transition risks
• Developed supplier code of conduct
• Implemented preventive measures to protect owners and users during the COVID-19 pandemic

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather, typhoons, and floods

Transition Risks

• Regulatory changes to control greenhouse gas emissions

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Appendix XXVII of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited

Certifications: Indoor Air Quality Assessment Certificate - Excellent Grade and Good Grade, Water Services Department Building Excellent Water Supply Accreditation Scheme - Water (Management System) (Blue) Standard Accreditation

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Platinum Award and Gold Award in Outdoor Lighting Charter

Environmental Metrics

ESG Focus Areas

• Greenhouse gas emissions and energy conservation
• Waste management
• Employment and Labour Practices
• Occupational health and safety
• Career and personal development
• Products/service quality and safety
• Tenant communication and satisfaction
• Tenant/visitor privacy and data protection
• Anti-corruption
• Community investment

Environmental Achievements

• Reduced indirect GHG emission (Scope 2) intensity by an unspecified percentage by 2030 against the base year 2019
• Reduced electricity consumption intensity by 13.2% by 2030 against the base year 2019
• Reduced water consumption intensity by 7.7% by 2030 against the base year 2019
• Maintained paper consumption level below 122,000 kg (2019 baseline)

Social Achievements

• Achieved an average tenant satisfaction rating of 75.82/100 across 11 managed properties
• Organized 3 employee training programs on emergency response, occupational safety, and COVID-19 prevention
• Participated in 5 charitable activities, contributing 74 volunteering hours

Governance Achievements

• No concluded legal cases relating to corruption were brought against the Group in 2022
• Held an ICAC seminar on anti-corruption for employees
• No reported cases received by the Audit Committee regarding misconduct

Climate Goals & Targets

Environmental Challenges

• Flooding and extreme wind/typhoon due to climate change
• Potential for widespread devastation to properties near coastal areas or rivers
• Risk of window/glass curtain wall shattering due to strong winds

Mitigation Strategies

• Conducting flood risk assessments and avoiding development in flood zones
• Implementing property-level flood protection strategies (water barriers, flood-resistant materials)
• Securing flood insurance and developing emergency plans
• Establishing a warning system for extreme weather events
• Regular facade inspection and maintenance
• Strengthening existing wind resilience measures
• Adopting wind-resistant building designs

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Extreme wind/typhoon

Reporting Standards

Frameworks Used: Appendix 27 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited

Awards & Recognition

• Platinum Award (The ONE, Windsor House, Wanchai Computer Centre)
• Gold Award (Excelsior Plaza, Causeway Place)

Environmental Metrics

ESG Focus Areas

• Energy efficiency
• Waste management
• Use of materials
• Responding actions to climate risks
• Environmental compliance
• Employment policies and labour rights
• Diversity and equal opportunity
• Occupational health and safety
• Employee training
• Prevention of child labour and forced labour
• Responsible supply chain management
• Products/service quality and safety
• Tenant satisfaction, customer service quality and complaint handling
• Intellectual property rights
• Tenant/visitor privacy and data protection
• Anti-corruption
• Community Investment

Environmental Achievements

• Windsor House (Public Area of Office Building) and The ONE (Common Area of Shopping Mall) were awarded the Indoor Air Quality Certificate (Excellent Class) by the Environmental Protection Department
• Windsor House (Public Area of Shopping Mall) and Harcourt House (Public Area on G/F, 3/F to 6/F, 10/F to 21/F and 24/F) obtained the Indoor Air Quality Certificate (Good Class)
• Windsor House was certified with the standards of the Quality Water Supply Scheme for Buildings – Fresh Water (Management System) (Silver) by the Water Supplies Department for 2023 to 2025
• The ONE, Windsor House and Wanchai Computer Centre were honoured with the Platinum Award for the Charter on External Lighting
• Excelsior Plaza and Causeway Place were honoured with the Gold Award for the Charter on External Lighting

Social Achievements

• Launched a youth hostel project, Joseph’s House, in collaboration with an NGO
• Organised training courses for staff on emergent cases response and criminal cases dealing procedures
• Implemented various preventive measures in properties to safeguard the health of owners and users since the COVID-19 pandemic (intensified disinfection, hand sanitizers, disinfectants)

Governance Achievements

• Established a whistleblowing policy
• Organised anti-corruption training for all new joiners and 30 existing staff (30 accumulated training hours)
• No reported cases of misconduct or malpractice received during the reporting period

Climate Goals & Targets

Environmental Challenges

• Flooding and extreme wind/typhoon as climate hazards
• Increased compliance costs due to stringent ESG reporting and climate regulations
• Potential risks of claims and litigation due to failure to meet climate-related requirements

Mitigation Strategies

• Flood risk assessment, avoidance of development in flood zones, flood protection strategies, flood insurance, emergency plans, warning systems
• Regular facade inspection and maintenance, strengthened wind resilience measures, wind-resistant building designs
• Regular monitoring of regulatory changes, consultation with professional entities to improve compliance with climate change disclosures

Supply Chain Management

Supplier Audits: All 331 active contractors underwent assessment procedures

Responsible Procurement

• Supplier Code of Conduct outlining minimum requirements for supplier behaviour

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Extreme wind/typhoon

Transition Risks

• Increased compliance costs
• Risk of claims and litigation
• Investor divestment

Opportunities

• Improved resource efficiency
• Waste reduction

Reporting Standards

Frameworks Used: Environmental, Social and Governance Reporting Guide (Appendix C2 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)