Sustainability Report 2022

Year: 2022
Published: 2023-04-04
Status: Processed

Extracted ESG KPIs

KPIs are organized by ESG aspects.

Direct (Scope 1) and energy indirect (Scope 2) greenhouse gas emissions (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2018 2019 2020 2021 2022 2023 2025 Report Pages
2022 KPI: Methodology for collection of data and accounting of embodied carbon Completed 41
Building operation, HK Tonnes CO2e 613 209 0.61 125
Building operation, MC Tonnes CO2e 2407 2272 3791 125
Building operation, Total Tonnes CO2e 3020 2481 3792 125
Business travel (Cat 6), HK Tonnes CO2e 218 126
Business travel (Cat 6), MC Tonnes CO2e 208 126
Business travel (Cat 6), Total Tonnes CO2e 442 126
Carbon emission intensity (Scope 1 and 2) - building operations only, location-based, HK Tonnes CO2e/m2/year 0.0582 0.0556 0.0534 125
Carbon emission intensity (Scope 1 and 2) - building operations only, location-based, MC Tonnes CO2e/m2/year 0.0467 0.0438 0.0412 125
Carbon emission intensity (Scope 1 and 2) - building operations only, location-based, Total Tonnes CO2e/m2/year 0.0493 0.046 0.0432 125
Carbon emission intensity (Scope 1 and 2) - building operations only, market-based, HK Tonnes CO2e/m2/year 0.0582 0.0556 0.0534 125
Carbon emission intensity (Scope 1 and 2) - building operations only, market-based, MC Tonnes CO2e/m2/year 0.0467 0.0438 0.037 125
Carbon emission intensity (Scope 1 and 2) - building operations only, market-based, Total Tonnes CO2e/m2/year 0.0493 0.046 0.0397 125
Carbon emission intensity (Scope 1 and 2) - location-based, HK kg CO2e/m2/year 58.2 55.6 53.4 125
Carbon emission intensity (Scope 1 and 2) - location-based, MC kg CO2e/m2/year 46.7 43.8 41.2 125
Carbon emission intensity (Scope 1 and 2) - location-based, Total kg CO2e/m2/year 49.3 46 43.2 125
Carbon emission intensity (Scope 1 and 2) - market based, HK kg CO2e/m2/year 58.2 55.6 53.4 125
Carbon emission intensity (Scope 1 and 2) - market based, MC kg CO2e/m2/year 46.7 43.8 37 125
Carbon emission intensity (Scope 1 and 2) - market based, Total kg CO2e/m2/year 49.3 46 39.7 125
Carbon emission intensity figures of buildings in use (Hong Kong and Mainland) tonnes CO2e/m2/year 0.0643 0.0596 0.0493 0.046 129
Carbon emission intensity figures of buildings in use (Hong Kong) tonnes CO2e/m2/year 0.0785 0.0597 0.0521 129
Company vehicles and vessels, HK Tonnes CO2e 41 46 50.6 125
Company vehicles and vessels, MC Tonnes CO2e 90 109 99 125
Company vehicles and vessels, Total Tonnes CO2e 131 155 150 125
Downstream leased assets (Cat 13), HK Tonnes CO2e 43293 126
Downstream leased assets (Cat 13), MC Tonnes CO2e 85732 126
Downstream leased assets (Cat 13), Total Tonnes CO2e 129026 126
Embodied Carbon Intensity kg CO2e/m² for new development projects that begin in 2022 or later, compared to typical practice in an equivalent building 10% reduction 23
Employee commuting (Cat 7), HK Tonnes CO2e 455 126
Employee commuting (Cat 7), MC Tonnes CO2e 1061 126
Employee commuting (Cat 7), Total Tonnes CO2e 1516 126
GHG Emission Intensity tCO2e/m² 0.06 0.055 0.046 0.043 0.037 41
GHG Intensity kg CO2e/m² relative to 2018 40% reduction 23
GHG Intensity (Tenants) kg CO2e/m² from tenants' electricity consumption for properties in mainland China, relative to 2018 15% reduction 23
GHG Intensity (Tenants) reduction in GHG intensity from tenants' electricity consumption for properties in mainland China, relative to 2018 % 15 34
Gross Direct emission (Scope 1), HK Tonnes CO2e 654 255 51.2 125
Gross Direct emission (Scope 1), MC Tonnes CO2e 2497 2381 3890 125
Gross Direct emission (Scope 1), Total Tonnes CO2e 3151 2636 3942 125
Gross Indirect emission (Scope 2) - location-based, HK Tonnes CO2e 38585 126
Gross Indirect emission (Scope 2) - location-based, MC Tonnes CO2e 145468 126
Gross Indirect emission (Scope 2) - location-based, Total Tonnes CO2e 184053 126
Gross Indirect emission (Scope 2) - market-based, HK Tonnes CO2e 38585 126
Gross Indirect emission (Scope 2) - market-based, MC Tonnes CO2e 130237 126
Gross Indirect emission (Scope 2) - market-based, Total Tonnes CO2e 168822 126
Gross Indirect emission (Scope 3), HK Tonnes CO2e 107112 126
Gross Indirect emission (Scope 3), MC Tonnes CO2e 336261 126
Gross Indirect emission (Scope 3), Total Tonnes CO2e 443372 126
Reduction in embodied carbon intensity for Shouson Hill Road project (kg CO2e/m²) % ≥10 117
Scope 1 carbon emissions as percentage of total 1% 43
Scope 2 carbon emissions as percentage of total 27% 43
Scope 3 Emissions - Business travel (Cat 6) % 0.1% 42
Scope 3 Emissions - Capital goods (Cat 2) % 0.5% 42
Scope 3 Emissions - Downstream leased assets (Cat 13) % 29.1% 42
Scope 3 Emissions - Employee commuting (Cat 7) % 0.34% 42
Scope 3 Emissions - End-of-life treatment of sold products (Cat 12) % 0.01% 42
Scope 3 Emissions - Fuel and energy related activities (Cat 3) % 3.73% 42
Scope 3 Emissions - Investments (Cat 15) % 3.5% 42
Scope 3 Emissions - Purchased goods & services (Cat 1) % 56.8% 42
Scope 3 Emissions - Waste generated in operations (Cat 5) % 5.92% 42
Scope 3 carbon emissions as percentage of total 72% 43
Total GHG Emissions (Scope 1 and 2) - building operations only, location-based, HK Tonnes CO2e 42019 40189 38585 125
Total GHG Emissions (Scope 1 and 2) - building operations only, location-based, MC Tonnes CO2e 119245 136279 149259 125
Total GHG Emissions (Scope 1 and 2) - building operations only, location-based, Total Tonnes CO2e 161265 176469 187844 125
Total GHG Emissions (Scope 1 and 2) - building operations only, market-based, HK Tonnes CO2e 42019 40189 38585 125
Total GHG Emissions (Scope 1 and 2) - building operations only, market-based, MC Tonnes CO2e 119245 136279 134028 125
Total GHG Emissions (Scope 1 and 2) - building operations only, market-based, Total Tonnes CO2e 161265 176469 172614 125
Total GHG Emissions (Scope 1 and 2) - location-based, HK Tonnes CO2e 42060 40235 38636 125
Total GHG Emissions (Scope 1 and 2) - location-based, MC Tonnes CO2e 119335 136388 149358 125
Total GHG Emissions (Scope 1 and 2) - location-based, Total Tonnes CO2e 161395 176623 187994 125
Total GHG Emissions (Scope 1 and 2) - market based, HK Tonnes CO2e 42060 40235 38636 125
Total GHG Emissions (Scope 1 and 2) - market based, MC Tonnes CO2e 119335 136388 134127 125
Total GHG Emissions (Scope 1 and 2) - market based, Total Tonnes CO2e 161395 176623 172763 125
Total carbon emissions (Scope 1, 2, and 3) tonnes CO2e 552000 691000 615000 43

Total hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2022 2025 Report Pages
Capital goods (Cat 2), HK Tonnes CO2e 1096 126
Capital goods (Cat 2), MC Tonnes CO2e 489 126
Capital goods (Cat 2), Total Tonnes CO2e 1881 126
Hazardous waste disposed (HK) kg 576 128
Hazardous waste disposed (MC) kg 533 128
Hazardous waste disposed (Total) kg 1109 128
Hazardous waste intensity (HK) kg/m²/year 0.0008 128
Hazardous waste intensity (MC) kg/m²/year 0.0001 128
Hazardous waste intensity (Total) kg/m²/year 0.0003 128
Operational Waste % of operational waste diverted from landfill 70 23
Total hazardous waste collected (HK) kg 576 128
Total hazardous waste collected (MC) kg 533 128
Total hazardous waste collected (Total) kg 1109 128
Waste generated in operations (Cat 5), HK Tonnes CO2e 13340 126
Waste generated in operations (Cat 5), MC Tonnes CO2e 13591 126
Waste generated in operations (Cat 5), Total Tonnes CO2e 26262 126

Total non-hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2022 2025 Report Pages
Construction Waste % of construction waste diverted from landfill for new projects starting in 2022 with maximized recycling 60 23
Diversion rate (from landfill) (HK) % 2% 128
Diversion rate (from landfill) (MC) % 96% 128
Diversion rate (from landfill) (Total) % 56% 128
Municipal solid waste disposed (HK) tonnes 21722 128
Municipal solid waste disposed (MC) tonnes 21886 128
Municipal solid waste disposed (Total) tonnes 43608 128
Recycled WEEE (HK) pieces 88 128
Recycled WEEE (Total) pieces 88 128
Recycled food waste (HK) kg 213053 128
Recycled food waste (MC) kg 7939128 128
Recycled food waste (Total) kg 8152181 128
Recycled glass (HK) kg 10900 128
Recycled glass (MC) kg 12450 128
Recycled glass (Total) kg 23082 128
Recycled metal (HK) kg 2865 128
Recycled metal (MC) kg 19669 128
Recycled metal (Total) kg 22534 128
Recycled paper (HK) kg 103148 128
Recycled paper (MC) kg 56759 128
Recycled paper (Total) kg 179746 128
Recycled plastics (HK) kg 1247 128
Recycled plastics (MC) kg 16613 128
Recycled plastics (Total) kg 17860 128
Recycled textiles/clothing (HK) kg 123 128
Recycled textiles/clothing (MC) kg 5000 128
Recycled textiles/clothing (Total) kg 5123 128
Waste intensity (HK) kg/m²/year 30.5 128
Waste intensity (MC) kg/m²/year 8.3 128
Waste intensity (Total) kg/m²/year 12 128
municipal waste collected tonnes 52000 55
municipal waste recycled or sent to incineration tonnes 29000 55

Description of emissions target(s) set and steps taken to achieve them.

Indicator Unit 2020 2021 2022 2023 2024 2025 2026 2027 2030 2050 Report Pages
2025 Target: Embodied carbon intensity reduction for new development projects (compared to typical practice in equivalent building) reduction (kg CO2e/m²) 10% 41
2025 Target: cumulative reduction in GHG intensity (kg CO2e/m2) relative to 2018 % 40 40
BAU carbon costs across the four most ambitious NGFS scenarios HKD HKD 63 million–HKD 1 billion HKD 969 million–HKD 14 billion 47
Carbon dioxide avoided, Westlake 66 (Hangzhou, mainland China) tonnes 80 90
Carbon emissions avoided using Battery Energy Storage System during construction, 228 Electric Road Redevelopment (Hong Kong) tonnes 43 90
Carbon emissions avoided using Battery Energy Storage System during construction, The Aperture (Hong Kong) tonnes 66 90
Cumulative reduction in GHG intensity (kg CO2e/m²) relative to 2018 % ≥30 117
Divergent Net Zero scenario carbon costs HKD HKD 100 million–HKD 1.02 billion 47
Embodied carbon intensity reduction target for new development projects (compared to typical practice in equivalent building) reduction in kg CO2e/m2 at least 10% 45
GHG Emission Intensity Reduction from 2018 baseline 23.38% 28.47% 38.28% 41
GHG Emission Intensity Target Reduction from 2018 baseline 20% 25% 30% 35% 40% 70% 41
GHG Intensity cumulative reduction relative to 2018 % 40 34
GHG emissions intensity reduction (market-based) compared to 2018 baseline % 38.28 40
GHG emissions intensity reduction from GHG reductions associated with heating demand % 10.66 40
GHG emissions intensity reduction from Scope 1 reductions % 0.05 40
GHG emissions intensity reduction from energy efficiency and onsite renewable energy % 16.35 40
GHG emissions intensity reduction from grid decarbonization and Spring City 66's PPA contribution % 11.22 40
GHG intensity reduction plan for tenant electricity consumption in mainland China Plan implemented 117
GHG intensity reduction target from tenants' electricity consumption for properties in mainland China (relative to 2018) reduction in kg CO2e/m2 15% 45
Innovative solutions to reduce embodied carbon in concrete, steel, and curtain walls (number explored) solutions ≥2 117
Potential carbon cost reduction if SBTs are fully achieved (compared to BAU) % 47 95 47
Potential carbon cost savings under SBT pathway HKD HKD 47 million–HKD 481 million HKD 4.8 billion–HKD 13.4 billion 47

Description of how hazardous and non-hazardous wastes are handled, and a description of reduction target(s) set and steps taken to achieve them.

Indicator Unit 2022 2023 2025 Report Pages
2025 target for operational waste diverted from landfill 70% 55
End-of-life treatment of sold products (Cat 12), HK Tonnes CO2e 62 126
End-of-life treatment of sold products (Cat 12), Total Tonnes CO2e 62 126
Standardized waste data consolidation and streamlined handling procedures for Hong Kong properties Implemented 117
Total waste collected (HK) tonnes 22053 128
Total waste collected (MC) tonnes 29955 128
Total waste collected (Total) tonnes 52008 128
Total waste diverted from landfill (HK) tonnes 331 128
Total waste diverted from landfill (MC) tonnes 28894 128
Total waste diverted from landfill (Total) tonnes 29225 128
Waste management or reduction measures implemented across the portfolio measures 5 115
Waste reduction measures identified and implemented (2023-2025 plan) First iteration implemented 117

Direct and/or indirect energy consumption by type (e.g. electricity, gas or oil) in total (kWh in '000s) and intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2018 2019 2020 2021 2022 2023 2024 2025 Report Pages
2022 KPI - Direct procurement of renewables for at least one mainland property Completed 43
2022 KPI: portfolio-wide electricity intensity reduction (compared to 2018) % 8 51
Construction floor area (Total) m² 4348806 128
Diesel (for emergency generators) consumed (HK) GJ 8 127
Diesel (for emergency generators) consumed (MC) GJ 275 127
Diesel (for emergency generators) consumed (Total) GJ 283 127
Diesel (for vehicles and vessels) consumed (HK) GJ 253 127
Diesel (for vehicles and vessels) consumed (Total) GJ 253 127
Direct procurement of renewables for Spring City 66, Kunming and Parc 66, Jinan % renewable electricity 100 115
Electric Vehicle (EV) Charging provision of parking spaces with EV charging facilities across portfolio Wherever feasible exceed local regulations 34
Electricity Intensity kWh/m², kWh/m² relative to 2018 82.23 80.79 71.08 79.76 68.78 69.07 68.25 67.43 23, 52
Electricity intensity of buildings in use (HK) kWh/m²/year 94.83 127
Electricity intensity of buildings in use (MC) kWh/m²/year 63.6 127
Electricity intensity of buildings in use (Total) kWh/m²/year 68.78 127
Electricity purchased from non-renewable source (HK) MWh 68483 127
Electricity purchased from non-renewable source (MC) MWh 203931 127
Electricity purchased from non-renewable source (Total) MWh 272414 127
Electricity purchased from renewable source (Total) MWh 26707 127
Electricity self-generated (solar PV) and consumed (MC) MWh 659 127
Electricity self-generated (solar PV) and consumed (Total) MWh 659 127
Electricity self-generated (solar PV) and exported (for Feed-in Tariff) (HK) MWh 18 127
Electricity self-generated (solar PV) and exported (for Feed-in Tariff) (Total) MWh 18 127
Fuel and energy related activities (Cat 3), HK Tonnes CO2e 1409 126
Fuel and energy related activities (Cat 3), MC Tonnes CO2e 13493 126
Fuel and energy related activities (Cat 3), Total Tonnes CO2e 16527 126
Gross floor area (Total) m² 2917535 128
Group total energy consumption increase compared to 2021 GJ 115586 50
Mainland China portfolio electricity demand met by renewable energy % 18 117
Overall energy intensity MJ/m² 317 306 50
Petrol (for vehicles) consumed (HK) GJ 398 127
Petrol (for vehicles) consumed (MC) GJ 1218 127
Petrol (for vehicles) consumed (Total) GJ 1616 127
Purchased hot water (indirect energy) as percentage of energy consumption % 13.2 51
Purchased steam (indirect energy) as percentage of energy consumption % 2.3 51
Reduction in electricity intensity compared to 2018 (portfolio-wide) % reduction 16.4 115
Renewable Energy % of mainland China portfolio electricity demand met by renewable energy 25 23
Renewable Energy share of mainland China portfolio electricity demand met by renewable energy % 25 34
Steam (MC) GJ 30642 127
Steam (Total) GJ 30642 127
Total electricity consumed (HK) GJ, MWh 246537 127
Total electricity consumed (MC) GJ, MWh 832667 127
Total electricity consumed (Total) GJ, MWh 1079204 127
Total electricity consumed (indirect energy) as percentage of energy consumption % 81 51
Total energy consumed, HK GJ 247197 126
Total energy consumed, MC GJ 961621 126
Total energy consumed, Total GJ 1332869 126
Total energy intensity, HK MJ/m²/year 342 126
Total energy intensity, MC MJ/m²/year 299 126
Total energy intensity, Total MJ/m²/year 306 126
Total liquid fuels (direct energy) as percentage of energy consumption % 0.1 51
Total liquid fuels consumed (HK) GJ 659 127
Total liquid fuels consumed (MC) GJ 1493 127
Total liquid fuels consumed (Total) GJ 2153 127
Total natural gas (direct energy) as percentage of energy consumption % 3.4 51
Total natural gas consumed (MC) GJ 45386 127
Total natural gas consumed (Total) GJ 45386 127

Water consumption in total and intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2020 2022 2025 Report Pages
Estimated water consumption of Hong Kong portfolio m3 500000 129
Hot water (MC) GJ 175483 127
Hot water (Total) GJ 175483 127
Operational Water Use water intensity (m³/m²/year) relative to 2018 10% reduction 23
Total municipal water consumed (HK) 000 m³ 469 127
Total municipal water consumed (MC) 000 m³ 1641 127
Total municipal water consumed (Total) 000 m³ 2110 127
Water consumption, Hong Kong m³ 469000 54
Water consumption, Mainland China m³ 1641000 54
Water intensity (MC) m³/m²/year 0.45 127
Water intensity (Total) m³/m²/year 0.49 127
Water reduction pilots including faucet flow restrictors replacements, urinal flush rate adjustments, and water recycling pilots 3 115
percentage of total annual water consumption recycled at Center 66 mall more than 1% 55
total water recycled at Center 66 mall m³ 2769 55

Description of energy use efficiency target(s) set and steps taken to achieve them.

Indicator Unit 2021 2022 2023 2024 2025 Report Pages
2025 Target: cumulative reduction in electricity intensity (kWh/m²) relative to 2018 % 18 51
Cumulative reduction in electricity intensity (kWh/m²) relative to 2018 % ≥16 117
EV charging pilot projects conducted (Hong Kong and Mainland) projects 2 117
Electricity Intensity Reduction Target (compared to 2018 baseline) 3% 16.35% 16% 17% 18% 52
Electricity Intensity cumulative reduction relative to 2018 % 18 34
Electricity intensity reduction compared to 2018 baseline % 16.35 51
Electricity intensity reduction, Riverside 66 (Tianjin, mainland China) % 20 90
Water intensity reduction measures identified and implemented (2023-2025 plan) First iteration implemented 117

Description of whether there is any issue in sourcing water that is fit for purpose, water efficiency target(s) set and steps taken to achieve them.

Indicator Unit 2022 2025 Report Pages
2022 KPI: Portfolio-wide water reduction plan for 2023-2025 Completed 54
2022 KPI: Water Saving Initiatives, water audits or pilots on Mainland At least 3 54
2025 Target: Reduction in water intensity relative to 2018 m³/m² 10% reduction 54
2025 Target: Water Saving Initiatives, reduction in water intensity relative to 2018 m³/m² 10% reduction 54
Water recycled (Total) m³ 46986 127

Description of the significant impacts of activities on the environment and natural resources and the actions taken to manage them.

Indicator Unit 2020 2021 2022 2023 2025 Report Pages
50% of total debts and available facilities from sustainable finance through Hang Lung Properties percent 50 24
50% of total debts and available facilities from sustainable finance through our subsidiary Hang Lung Properties by the end of 2023 percent 50 118
Incorporate sustainability provisions in fitout manuals for all Hong Kong projects Hong Kong projects all 118
Number of active construction sites in Hong Kong 2 2 2 97
Number of active construction sites in mainland China 7 7 6 97
Obtain China Healthy Building Label or equivalent in at least one property in mainland China property China Healthy Building Label or equivalent 118
Obtain WELL Gold certificate or equivalent for at least one new property in Hong Kong and mainland China property 1 24
Obtain WELL Gold rating or above for at least one Mainland or Hong Kong property property WELL Gold rating or above 118
Pilot research study to improve construction waste recycling and circularity (Mainland development project) study 1 117
Reuse and circularity initiatives piloted in Hong Kong and mainland China operations initiatives ≥4 117

Description of the significant climate-related issues which have impacted, and those which may impact, the issuer, and the actions taken to manage them.

Indicator Unit 2022 2023 2024 2025 Report Pages
Climate Adaptation technical analysis for climate adaptation measures for all properties Complete 34
Properties in Hong Kong assessed in 2022 technical analysis properties 11 38
Properties in mainland China assessed in 2022 technical analysis properties 5 38
Properties in mainland China assessed in 2023 technical analysis properties 4 38
Properties in mainland China assessed in 2024 technical analysis properties 3 38
Properties in mainland China with climate adaptation enhancement works in 2023 properties 2 38
Properties in mainland China with climate adaptation enhancement works in 2024 properties 4 38
Properties in mainland China with climate adaptation enhancement works in 2025 properties 4 38
Technical analysis for climate adaptation (number of properties in mainland China or Hong Kong) properties ≥2 117
Technical analysis for climate adaptation (number of properties in mainland China) properties 4 117
Technical analysis for climate adaptation in Mainland and Hong Kong properties properties 15 115

Total workforce by gender, employment type (for example, full- or part-time), age group and geographical region.

Indicator Unit 2020 2021 2022 2025 Report Pages
Contract / Temporary - Female - HK Number 9 130
Contract / Temporary - Female - Total Number 9 130
Contract / Temporary - HK Number 20 130
Contract / Temporary - Male - HK Number 11 130
Contract / Temporary - Male - Total Number 11 130
Contract / Temporary - Total Number 20 130
Employees by age group - 30–50 - HK Number 555 130
Employees by age group - 30–50 - MC Number 2498 130
Employees by age group - 30–50 - Total Number 3053 130
Employees by age group - Over 50 - HK Number 394 130
Employees by age group - Over 50 - MC Number 276 130
Employees by age group - Over 50 - Total Number 670 130
Employees by age group - Under 30 - HK Number 97 130
Employees by age group - Under 30 - MC Number 429 130
Employees by age group - Under 30 - Total Number 526 130
Employees by employee category - Administrative staff - HK Number 412 130
Employees by employee category - Administrative staff - MC Number 1408 130
Employees by employee category - Administrative staff - Total Number 1820 130
Employees by employee category - Executive staff - HK Number 166 130
Employees by employee category - Executive staff - MC Number 176 130
Employees by employee category - Executive staff - Total Number 342 130
Employees by gender - Female - HK Number 454 130
Employees by gender - Female - MC Number 1290 130
Employees by gender - Female - Total Number 1744 130
Employees by gender - Male - HK Number 592 130
Employees by gender - Male - MC Number 1913 130
Employees by gender - Male - Total Number 2505 130
Employees covered by collective bargaining - Percentage of total employees (HK) % 0% 0% 0% 133
Employees covered by collective bargaining - Percentage of total employees (MC) % 33% 40% 39% 133
Employees covered by collective bargaining - Percentage of total employees (Total) % N/A N/A N/A 133
Female-to-Male pay ratio ratio, to 1 1 24, 64
Gender ratio by employee category - Administrative staff (HK) - Number (%) of female 64.3% 265 132
Gender ratio by employee category - Administrative staff (MC) - Number (%) of female 58.7% 827 132
Gender ratio by employee category - Administrative staff (Total) - Number (%) of female 60.0% 1092 132
Gender ratio by employee category - Executive staff (HK) - Number (%) of female 45.8% 76 132
Gender ratio by employee category - Executive staff (MC) - Number (%) of female 33.5% 59 132
Gender ratio by employee category - Executive staff (Total) - Number (%) of female 39.5% 135 132
Gender ratio by employee category - Operational staff (HK) - Number (%) of female 24.1% 113 132
Gender ratio by employee category - Operational staff (MC) - Number (%) of female 25.0% 404 132
Gender ratio by employee category - Operational staff (Total) - Number (%) of female 24.8% 517 132
Gender ratio by job function - Executive staff in revenue-generating functions (HK) - Number (%) of female 49% 132
Gender ratio by job function - Executive staff in revenue-generating functions (MC) - Number (%) of female 34% 132
Gender ratio by job function - Executive staff in revenue-generating functions (Total) - Number (%) of female 42% 132
Gender ratio by job function - STEM-related positions (HK) - Number (%) of female 35% 132
Gender ratio by job function - STEM-related positions (MC) - Number (%) of female 11% 132
Gender ratio by job function - STEM-related positions (Total) - Number (%) of female 20% 132
New hires (Total number) 559 778 618 131
New hires by age group (30–50, Rate) 10.3% 15.0% 13.1% 131
New hires by age group (30–50, Total number) 328 461 399 131
New hires by age group (Over 50, Rate) 4.3% 6.0% 3.9% 131
New hires by age group (Over 50, Total number) 31 39 26 131
New hires by age group (Under 30, Rate) 32.0% 50.3% 36.7% 131
New hires by age group (Under 30, Total number) 200 278 193 131
New hires by gender (Female, Rate) 12.3% 24.7% 19.0% 131
New hires by gender (Female, Total number) 212 417 332 131
New hires by gender (Male, Rate) 12.4% 14.0% 11.4% 131
New hires by gender (Male, Total number) 347 361 286 131
Operational staff (Total) 2438 2210 2087 131
Percentage of staff aged 30-50 % 71.9 77
Percentage of staff over 50 % 15.7 77
Percentage of staff under 30 % 12.4 77
Permanent Full Time - Female - HK Number 440 130
Permanent Full Time - Female - MC Number 1290 130
Permanent Full Time - Female - Total Number 1730 130
Permanent Full Time - HK Number 1021 130
Permanent Full Time - MC Number 3203 130
Permanent Full Time - Male - HK Number 581 130
Permanent Full Time - Male - MC Number 1913 130
Permanent Full Time - Male - Total Number 2494 130
Permanent Full Time - Total Number 4224 130
Permanent Part time - Female - HK Number 5 130
Permanent Part time - Female - Total Number 5 130
Permanent Part time - HK Number 5 130
Permanent Part time - Total Number 5 130
Ratio of basic salary of women to men by employee category - Administrative staff (HK) 1.173 132
Ratio of basic salary of women to men by employee category - Administrative staff (MC) 1.201 132
Ratio of basic salary of women to men by employee category - Administrative staff (Total) 1.121 132
Ratio of basic salary of women to men by employee category - All staff (HK) 1.092 132
Ratio of basic salary of women to men by employee category - All staff (MC) 1.031 132
Ratio of basic salary of women to men by employee category - All staff (Total) 1.078 132
Ratio of basic salary of women to men by employee category - Executive staff (HK) 1.285 132
Ratio of basic salary of women to men by employee category - Executive staff (MC) 1.179 132
Ratio of basic salary of women to men by employee category - Executive staff (Total) 1.214 132
Ratio of basic salary of women to men by employee category - Operational staff (HK) 1.152 132
Ratio of basic salary of women to men by employee category - Operational staff (MC) 1.031 132
Ratio of basic salary of women to men by employee category - Operational staff (Total) 1.105 132
Return to work rate by gender - Female % 100% 132
Supervised workers - HK 70 130
Supervised workers - MC 26 130
Supervised workers - Total 96 130
Total hours worked (Total) Hours 9128648 8571496 8811882 134
Total man-hours in Hong Kong 97434 203580 881970 97
Total man-hours in mainland China 7769227 4721091 6388380 97
Total number of employees entitled to parental leave (HK) Number 1046 132
Total number of employees entitled to parental leave (MC) Number 3203 132
Total number of employees entitled to parental leave (Total) Number 4249 132
Total number of employees entitled to parental leave - Female (HK) Number 454 132
Total number of employees entitled to parental leave - Female (MC) Number 1290 132
Total number of employees entitled to parental leave - Female (Total) Number 1744 132
Total number of employees entitled to parental leave - Male (HK) Number 592 132
Total number of employees entitled to parental leave - Male (MC) Number 1913 132
Total number of employees entitled to parental leave - Male (Total) Number 2505 132
Total number of employees took parental leave (HK) Number 11 132
Total number of employees took parental leave (MC) Number 89 132
Total number of employees took parental leave (Total) Number 100 132
Total number of employees took parental leave - Female (HK) Number 6 132
Total number of employees took parental leave - Female (MC) Number 56 132
Total number of employees took parental leave - Female (Total) Number 62 132
Total number of employees took parental leave - Male (HK) Number 5 132
Total number of employees took parental leave - Male (MC) Number 33 132
Total number of employees took parental leave - Male (Total) Number 38 132
Total workforce (employees and supervised workers) - HK Number 1116 130
Total workforce (employees and supervised workers) - MC Number 3229 130
Total workforce (employees and supervised workers) - Total Number 4345 130

Employee turnover rate by gender, age group and geographical region.

Indicator Unit 2020 2021 2022 Report Pages
Absentee rate (HK) % 1.63 2.17 2 135
Absentee rate (MC) % 1.7 1.63 1.56 135
New hires (Rate of new hires) 12.4% 18.2% 14.5% 131
Number of voluntary turnover 441 622 440 66
Turnover (Rate) 16.9% 23.8% 17.3% 131
Turnover (Total number) 763 1016 735 131
Turnover by age group (30–50, Rate) 13.5% 14.5% 15.9% 131
Turnover by age group (30–50, Total number) 337 459 486 131
Turnover by age group (Over 50, Rate) 15.6% 15.1% 17.3% 131
Turnover by age group (Over 50, Total number) 113 98 116 131
Turnover by age group (Under 30, Rate) 30.6% 43.4% 24.9% 131
Turnover by age group (Under 30, Total number) 191 240 131 131
Turnover by gender (Female, Rate) 18.6% 26.7% 19.1% 131
Turnover by gender (Female, Total number) 322 451 333 131
Turnover by gender (Male, Rate) 15.8% 21.9% 16.0% 131
Turnover by gender (Male, Total number) 441 565 400 131
Voluntary turnover rate % 9.8 14.6 10.4 66

Number and rate of work-related fatalities occurred in each of the past three years including the reporting year.

Indicator Unit 2020 2021 2022 Report Pages
High-consequence work-related injuries (Total) Number 4 4 3 134
Injury rate (per 100 employees) (Total) N/A 1.05 1.31 1.18 134
Number of accidents in Hong Kong 1 97
Number of accidents in mainland China 1 97
Rate of high-consequence work-related injuries (per 100 employees) (Total) N/A 0.09 0.09 0.07 134
Work-related injuries (Total) Number 48 56 52 134

Lost days due to work injury.

Indicator Unit 2020 2021 2022 2025 Report Pages
Absentee rate (Total) % 1.68 1.78 1.67 135
Lost Time Injury Rate for employees or below 1.5 24, 64
Lost day rate (per 100 employees) (Total) N/A 30.17 31.85 31 134
Lost days due to work-related injuries (Total) Days 1377 1365 1349 134
Lost-time injury frequency rate (LTIFR) (Total) Number of injuries/ million hours worked 4.6 6.18 3.74 134
Lost-time work-related injuries (Total) Number 42 53 33 134
Number of accidents per 100000 man-hours in Hong Kong 0.113 97
Number of accidents per 100000 man-hours in mainland China 0.013 97
Rate of lost-time work-related injuries / Lost-time injury rate (LTIR) (Total) N/A 0.92 1.24 0.75 134

Description of occupational health and safety measures adopted, and how they are implemented and monitored.

Indicator Unit 2020 2021 2022 2023 Report Pages
Number of near-misses in Hong Kong 1 1 97
Number of near-misses in mainland China 2 1 97
Provide health and safety training to 100% of employees in mainland China and Hong Kong employees 100% 118
Provide health and safety training to 100% of main contractors in mainland China and Hong Kong main contractors 100% 118
Return to work rate by gender - Male % 100% 132
Total construction safety training hours in Hong Kong hours 510 5377 8955 97
Total construction safety training hours in mainland China hours 450 7082.5 691.5 97
Training hours by topics - Occupational health and safety (Total) hours N/A 11583 13813 134

The percentage of employees trained by gender and employee category (e.g. senior management, middle management).

Indicator Unit 2020 2021 2022 2023 2025 Report Pages
Develop and deliver at least 500 hours of ESG training including at least 100 hours focused on delivering climate-related competencies hours, hours (climate-related) 100 118
Embodied carbon training delivered to design and project management colleagues hours 226 45
Employee engagement rating greater than or equal to the 75th percentile percentile >=75 24, 64
Employees receiving regular performance and career development reviews - Percentage of total employees (HK) % 100% 100% 100% 133
Employees receiving regular performance and career development reviews - Percentage of total employees (MC) % 100% 100% 100% 133
Employees receiving regular performance and career development reviews - Percentage of total employees (Total) % 100% 100% 100% 133
Percentage of employee trained by employee category - Administrative staff (HK) % 99.5% 133
Percentage of employee trained by employee category - Administrative staff (MC) % 99.9% 133
Percentage of employee trained by employee category - Administrative staff (Total) % 99.8% 133
Percentage of employee trained by employee category - Executive staff (HK) % 100.0% 133
Percentage of employee trained by employee category - Executive staff (MC) % 99.4% 133
Percentage of employee trained by employee category - Executive staff (Total) % 99.7% 133
Percentage of employee trained by employee category - Operational staff (HK) % 99.4% 133
Percentage of employee trained by employee category - Operational staff (MC) % 99.4% 133
Percentage of employee trained by employee category - Operational staff (Total) % 99.4% 133
Percentage of employee trained by gender - Female (HK) % 99.8% 133
Percentage of employee trained by gender - Female (MC) % 99.8% 133
Percentage of employee trained by gender - Female (Total) % 99.8% 133
Percentage of employee trained by gender - Male (HK) % 99.3% 133
Percentage of employee trained by gender - Male (MC) % 99.6% 133
Percentage of employee trained by gender - Male (Total) % 99.5% 133

The average training hours completed per employee by gender and employee category.

Indicator Unit 2020 2021 2022 2023 Report Pages
Average hours of employee training per employee (HK) hours per employee 5 9.6 15.3 133
Average hours of employee training per employee (MC) hours per employee 27.9 26.3 26.8 133
Average hours of employee training per employee (Total) 22.1 22.2 24 133
Average training hours by employee category - Administrative staff (HK) Hours 6.2 9.6 10.5 133
Average training hours by employee category - Administrative staff (MC) Hours 23.8 23.1 20.9 133
Average training hours by employee category - Administrative staff (Total) 19.2 20 19 133
Average training hours by employee category - Executive staff (HK) Hours 9.8 13.8 27.9 133
Average training hours by employee category - Executive staff (MC) Hours 19.7 40.5 36.3 133
Average training hours by employee category - Executive staff (Total) 16.1 26.9 32 133
Average training hours by employee category - Operational staff (HK) Hours 2.8 8.3 15 133
Average training hours by employee category - Operational staff (MC) Hours 31.8 27.6 30.9 133
Average training hours by employee category - Operational staff (Total) 25.2 23.2 27 133
Average training hours by gender - Female (HK) Hours 4.9 9.5 15.3 133
Average training hours by gender - Female (MC) Hours 27.9 26 27.1 133
Average training hours by gender - Female (Total) 21.5 21.6 24.1 133
Average training hours by gender - Male (HK) Hours 5.2 9.7 15.2 133
Average training hours by gender - Male (MC) Hours 27.9 26.5 26.6 133
Average training hours by gender - Male (Total) 22.5 22.6 23.9 133
Deliver at least 2200 mentorship hours and 4400 leadership training hours to selected female university students in Hong Kong and mainland China leadership training hours, mentorship hours 2200 118
Total hours of employee training (HK) Hours 5736 10178 15959 133
Total hours of employee training (MC) Hours 94389 84471 85865 133
Total hours of employee training (Total) Hours 100125 94649 101824 133
Training hours by topics - Crisis management (Total) hours N/A N/A 5057 134

Number of suppliers by geographical region.

Indicator Unit 2022 Report Pages
Purchased goods & services (Cat 1), HK Tonnes CO2e 31843 126
Purchased goods & services (Cat 1), MC Tonnes CO2e 219950 126
Purchased goods & services (Cat 1), Total Tonnes CO2e 251793 126

Description of practices used to identify environmental and social risks along the supply chain, and how they are implemented and monitored.

Indicator Unit 2025 Report Pages
100% of marketing events evaluated for their sustainability impacts percent 100 24
100% of potential asset acquisitions include ESG due diligence percent 100 24

Description of practices used to promote environmentally preferable products and services when selecting suppliers, and how they are implemented and monitored.

Indicator Unit 2025 Report Pages
100% of leases incorporate sustainability provisions percent 100 24

Number of products and service related complaints received and how they are dealt with.

Indicator Unit 2023 Report Pages
Evaluate the sustainability impacts of 100% of centrally led marketing events centrally led marketing events 100% 118

Description of consumer data protection and privacy policies, and how they are implemented and monitored.

Indicator Unit 2020 2021 2022 Report Pages
Training hours by topics - Data privacy and cyber security (Total) hours N/A N/A 4315 134

Description of anti-corruption training provided to directors and staff.

Indicator Unit 2020 2021 2022 Report Pages
Percentage of employee received anti-corruption training - Administrative staff (Total) % 99 100 99 134
Percentage of employee received anti-corruption training - Executive staff (Total) % N/A 100 98 134
Percentage of employee received anti-corruption training - Operational staff (Total) % 98 100 98 134
Training hours by topics - Anti-corruption Training (Total) hours N/A 4699 5003 134

Focus areas of contribution (e.g. education, environmental concerns, labour needs, health, culture, sport).

Indicator Unit 2022 2025 Report Pages
Investments (Cat 15), HK Tonnes CO2e 15395 126
Investments (Cat 15), Total Tonnes CO2e 15395 126
Number of venue sponsorships provided 19 77
Wellbeing community initiatives at all properties by 2025 properties all 24

Resources contributed (e.g. money or time) to the focus area.

Indicator Unit 2022 Report Pages
Charitable donations million HKD 62 77
Number of people benefitted by community investment (Hong Kong and mainland China) people 60631 77
Number of volunteer activities completed 135 77
Number of volunteers 1925 77
Total volunteer service hours hours 18597 77
Volunteer hours in Hong Kong hours 11765 77
Volunteer hours in Mainland China hours 6832 77

The types of emissions and respective emissions data.

Standard Indicator Unit
Airborne Particulate Matter (PM) Emissions kg
NOâ‚“ Emissions kg
SOâ‚“ Emissions kg

Direct (Scope 1) and energy indirect (Scope 2) greenhouse gas emissions (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2018 2019 2020 2021 2022
Direct GHG Emissions (Scope 1) Tonnes CO2e 3151 2636 3942
Indirect Energy Emissions (Scope 2) Tonnes CO2e 184053
Scope 3 GHG Emissions (Business Travel) Tonnes CO2e 442
Scope 3 GHG Emissions (Capital Goods) Tonnes CO2e 2216.86
Scope 3 GHG Emissions (Downstream Leased Assets) Tonnes CO2e 129026
Scope 3 GHG Emissions (Employee Commuting) Tonnes CO2e 1516
Scope 3 GHG Emissions (End-of-life Treatment of Sold Products) Tonnes CO2e 44.3372
Scope 3 GHG Emissions (Fuel and Energy-related Activities (Not Included in Scope 1 or Scope 2)) Tonnes CO2e 16538.7956
Scope 3 GHG Emissions (Investments) Tonnes CO2e 15518.02
Scope 3 GHG Emissions (Purchased Goods/Services) Tonnes CO2e 251015.296
Scope 3 GHG Emissions (Waste Generated in Operations) Tonnes CO2e 26247.4224
Total GHG Emissions tonnes CO2e 552000 691000 615000
Total GHG Emissions Intensity (By Area) tCO2e/m² 0.0643 0.059 0.046 0.043 0.037
Total Other Indirect Energy Emissions (Scope 3) Tonnes CO2e 443372

Total hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2022
Hazardous Waste Disposed kg 1109
Total Hazardous Waste kg 1109
Total Hazardous Waste Intensity (By Area) kg/m²/year 0.0003

Total non-hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2022
Diversion Rate of Non-Hazardous Waste % 56
Glass Waste tonnes 23.082
Non-Hazardous Waste (Electronic Waste) pieces 88
Non-Hazardous Waste (Kitchen Waste) tonnes 8152.181
Non-Hazardous Waste Landfilling tonnes 43608
Non-Hazardous Waste Recycled tonnes 29000
Paper Waste tonnes 179.746
Plastic Waste tonnes 17.86
Total Non-Hazardous Waste Intensity (By Area) kg/m²/year 12

Description of emissions target(s) set and steps taken to achieve them.

Standard Indicator Unit 2022 2023 2030
Percentage of Reduction in GHG Intensity Compared to Last Year % 9.81 ≥-8.28
Scope 1 and 2 Emissions Reduction Percentage Compared to Last Year % 9.81
Scope 3 Emissions Reduction Percentage Compared to Last Year % -3.8
Target Scope 1 and 2 Emissions Reduction Percentage by 2030 Compared to 2018 % 70

Direct and/or indirect energy consumption by type (e.g. electricity, gas or oil) in total (kWh in '000s) and intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2018 2019 2020 2021 2022 2023 2024 2025
Diesel Fuel Consumption GJ 536
Energy Consumption Intensity (By Area) MJ/m² 317 306
Gasoline Consumption GJ 1616
Natural Gas Consumption GJ 45386
Percentage of Renewable Energy Consumption % 8
Purchased Electricity MWh 299779
Purchased Steam GJ 30642
Renewable Energy Consumption MWh 27366
Solar Energy MWh 659
Sold Electricity MWh 18
Total Direct Energy Consumption GJ 2153
Total Electricity Consumption MWh 299779
Total Electricity Consumption Intensity (By Area) kWh/m²/year 82.23 80.79 71.08 79.76 68.78 69.07 68.25 67.43
Total Energy Consumption GJ 1332869
Total Indirect Energy Consumption GJ 1079204
Total Purchased Energy MWh 299779

Water consumption in total and intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2022
Municipal Water Consumption m3 2110000
Recycled Water Percentage % 2.23
Recycled Water Usage m3 46986
Water Consumption m3 2110000
Water Consumption Intensity (By Revenue) m3/m2/year 0.49

Description of energy use efficiency target(s) set and steps taken to achieve them.

Standard Indicator Unit 2023
Number of Energy-saving and Carbon Reduction Demonstration Projects Achieved projects 2

Description of whether there is any issue in sourcing water that is fit for purpose, water efficiency target(s) set and steps taken to achieve them.

Standard Indicator Unit 2025
Target Water Consumption Reduction Percentage Compared to Last Year % 10

Total workforce by gender, employment type (for example, full- or part-time), age group and geographical region.

Standard Indicator Unit 2022
Number of Employees Aged 30-50 Number 3053
Number of Employees Aged Above 50 Number 670
Number of Employees Aged Below 30 Number 526
Number of Employees in Hong Kong Number 1116
Number of Employees in Hong Kong and Mainland China Number 4345
Number of Employees in Mainland China Number 3229
Number of Female Employees Number 1744
Number of Full-time Employees Number 4224
Number of Full-time Employees (Female) Number 1730
Number of Full-time Employees (Male) Number 2494
Number of Male Employees Number 2505
Number of New Employees Number 618
Number of New Employees (Above 50) Number 26
Number of New Employees (Aged 30-50) Number 399
Number of New Employees (Aged Below 30) Number 193
Number of New Employees (Female) Number 332
Number of New Employees (Male) Number 286
Number of Part-time Employees Number 5
Number of Part-time Employees (Female) Number 5
Number of Temporary Workers Number 20
Number of Temporary Workers (Female) Number 9
Number of Temporary Workers (Male) Number 11
Number of Total Employees Number 4249
Percentage of Employees Aged 30-50 % 71.9
Percentage of Employees Aged Above 50 % 15.7
Percentage of Employees Aged Below 30 % 12.4

Employee turnover rate by gender, age group and geographical region.

Standard Indicator Unit 2020 2021 2022
Turnover Rate of Employees Aged 30-50 % 13.5 14.5 15.9
Turnover Rate of Employees Aged Above 50 % 15.6 15.1 17.3
Turnover Rate of Employees Aged Below 30 % 30.6 43.4 24.9
Turnover Rate of Female Employees % 18.6 26.7 19.1
Turnover Rate of Male Employees % 15.8 21.9 16
Turnover Rate of Total Employees % 16.9 23.8 17.3

Lost days due to work injury.

Standard Indicator Unit 2020 2021 2022
Lost Days Due to Work-related Injuries Days 1377 1365 1349
Lost Time Injury Frequency Rate (LTIFR/LTIR) Number of injuries/ million hours worked 4.6 6.18 3.74
Number of Work-related Injuries Number 42 53 33
Rate of Work-related Injuries N/A 0.92 1.24 0.75

Description of occupational health and safety measures adopted, and how they are implemented and monitored.

Standard Indicator Unit 2021 2022 2023
Participation Rate of Safety Training % 100
Total Hours of Safety Training for Employees hours 11583 13813

The percentage of employees trained by gender and employee category (e.g. senior management, middle management).

Standard Indicator Unit 2022
Percentage of Trained Administrative Employees % 99.8
Percentage of Trained Executive Employees % 99.7
Percentage of Trained Female Employees % 99.8
Percentage of Trained Hong Kong Employees % 99.5
Percentage of Trained Mainland China Employees % 99.8
Percentage of Trained Male Employees % 99.5
Percentage of Trained Operational Employees % 99.4

The average training hours completed per employee by gender and employee category.

Standard Indicator Unit 2020 2021 2022
Average Training Hours (Administrative Employees) hours 19.2 20 19
Average Training Hours (Executive Employees) hours 16.1 26.9 32
Average Training Hours (Female) hours 21.5 21.6 24.1
Average Training Hours (Hong Kong Employees) hours per employee 5 9.6 15.3
Average Training Hours (Mainland China Employees) hours per employee 27.9 26.3 26.8
Average Training Hours (Male) hours 22.5 22.6 23.9
Average Training Hours (Operational Employees) hours 25.2 23.2 27
Average Training Hours per Employee hours per employee 22.1 22.2 24
Total Training Hours hours 100125 94649 101824

Description of consumer data protection and privacy policies, and how they are implemented and monitored.

Standard Indicator Unit 2022
Employee Coverage of Data Security Training % None

Description of anti-corruption training provided to directors and staff.

Standard Indicator Unit 2020 2021 2022
Coverage Rate of Ethical Standards and Anti-Corruption Training % 99 100 98
Total Hours of Anti-corruption Training hours 4699 5003

Resources contributed (e.g. money or time) to the focus area.

Standard Indicator Unit 2022
Number of Employees Participating in Volunteer Activities 1925
Number of Volunteer Activities Sessions 135
Total Volunteer Service Hours hours 18597