Sustainability Report 2024

Year: 2024
Published: 2025-04-28
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 2019 2020 2021 2022 2023 2024 Report Pages
Direct GHG emissions (Scope 1) - Hong Kong Tonnes of CO2e 58 279 246 53 85
Direct GHG emissions (Scope 1) - The Mainland Tonnes of CO2e 4302 3952 4621 5041 85
Direct GHG emissions (Scope 1) - Total Tonnes of CO2e 5094 85
Energy indirect GHG emissions (Scope 2, location-based) - Hong Kong Tonnes of CO2e 20695 15172 14762 13755 85
Energy indirect GHG emissions (Scope 2, location-based) - The Mainland Tonnes of CO2e 77851 66289 72785 77998 85
Energy indirect GHG emissions (Scope 2, location-based) - Total Tonnes of CO2e 91753 85
Energy indirect GHG emissions (Scope 2, market-based) - Hong Kong Tonnes of CO2e 20695 15172 14762 13755 85
Energy indirect GHG emissions (Scope 2, market-based) - The Mainland Tonnes of CO2e 48055 52032 44607 77998 85
Energy indirect GHG emissions (Scope 2, market-based) - Total Tonnes of CO2e 91753 85
GHG (Location-based) Intensity Tonnes of CO2e/1000 ft² 9.87 9.03 8.44 7.15 7.04 7.3 28
GHG intensity (Location-based) - Hong Kong Tonnes of CO2e/1000ft2 7.41 5.8 5.9 5.47 85
GHG intensity (Location-based) - The Mainland Tonnes of CO2e/1000ft2 8.81 7.67 7.54 7.98 85
GHG intensity (Location-based) - Total Tonnes of CO2e/1000ft2 7.48 85
GHG intensity (Market-based) - Hong Kong Tonnes of CO2e/1000ft2 7.41 5.8 5.9 5.47 85
GHG intensity (Market-based) - The Mainland Tonnes of CO2e/1000ft2 5.61 6.12 4.84 7.98 85
GHG intensity (Market-based) - Total Tonnes of CO2e/1000ft2 7.48 85
GHG intensity (Scope 1&2, location-based) - Hong Kong Tonnes of CO2e/1000ft2 7.23 5.63 5.61 5.16 85
GHG intensity (Scope 1&2, location-based) - The Mainland Tonnes of CO2e/1000ft2 8.81 7.61 7.4 7.84 85
GHG intensity (Scope 1&2, location-based) - Total Tonnes of CO2e/1000ft2 7.3 85
GHG intensity (Scope 1&2, market-based) - Hong Kong Tonnes of CO2e/1000ft2 7.23 5.63 5.61 5.16 85
GHG intensity (Scope 1&2, market-based) - The Mainland Tonnes of CO2e/1000ft2 5.61 6.06 4.71 7.84 85
GHG intensity (Scope 1&2, market-based) - Total Tonnes of CO2e/1000ft2 7.3 85
Other indirect GHG emissions (Scope 3) - Hong Kong Tonnes of CO2e 528 464 764 809 85
Other indirect GHG emissions (Scope 3) - The Mainland Tonnes of CO2e 13 583 1407 1489 85
Other indirect GHG emissions (Scope 3) - Total Tonnes of CO2e 2298 85
Total GHG (Location-based) Emissions Tonnes of CO2e 111376 111172 102906 85491 92414 96847 28
Total GHG emissions (Location-based) - Hong Kong Tonnes of CO2e 21281 15915 15773 14617 85
Total GHG emissions (Location-based) - The Mainland Tonnes of CO2e 82166 70824 78813 84528 85
Total GHG emissions (Location-based) - Total Tonnes of CO2e 99145 85
Total GHG emissions (Market-based) - Hong Kong Tonnes of CO2e 21281 15915 15773 14617 85
Total GHG emissions (Market-based) - The Mainland Tonnes of CO2e 52370 56567 50636 84528 85
Total GHG emissions (Market-based) - Total Tonnes of CO2e 99145 85
Total GHG emissions (Scope 1&2, location-based) - Hong Kong Tonnes of CO2e 20753 15451 15009 13808 85
Total GHG emissions (Scope 1&2, location-based) - The Mainland Tonnes of CO2e 82513 70241 77406 83039 85
Total GHG emissions (Scope 1&2, location-based) - Total Tonnes of CO2e 96847 85
Total GHG emissions (Scope 1&2, market-based) - Hong Kong Tonnes of CO2e 20753 15451 15009 13808 85
Total GHG emissions (Scope 1&2, market-based) - The Mainland Tonnes of CO2e 52357 55984 49228 83039 85
Total GHG emissions (Scope 1&2, market-based) - Total Tonnes of CO2e 96847 85

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

Indicator Unit 2021 2022 2023 2024 Report Pages
Waste generated (hazardous) - Hong Kong Tonnes 1.8 1.2 0.6 0.6 86
Waste generated (hazardous) - The Mainland Tonnes 5.8 6.5 2.7 2.9 86
Waste generated (hazardous) - Total Tonnes 3.5 86

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

Indicator Unit 2021 2022 2023 2024 Report Pages
C&D waste - Hong Kong Tonnes 53995 38605 15444 79960 86
C&D waste - The Mainland Tonnes 10047 3943 1934 11268 86
C&D waste - Total Tonnes 91227 86
Food waste - Hong Kong Tonnes 18 56 52 52 86
Food waste - The Mainland Tonnes 4430 4227 4943 7526 86
Food waste - Total Tonnes 7578 86
Metals - Hong Kong Tonnes 4 1 1 1 86
Metals - The Mainland Tonnes 643 19 23 47 86
Metals - Total Tonnes 48 86
Paper - Hong Kong Tonnes 299 241 260 258 86
Paper - The Mainland Tonnes 356 236 278 306 86
Plastic - Hong Kong Tonnes 14 10 11 12 86
Plastic - The Mainland Tonnes 61 48 52 51 86
Plastic - Total Tonnes 63 86
Waste disposal (non-hazardous) - Hong Kong Tonnes 15670 39269 39114 80799 86
Waste disposal (non-hazardous) - The Mainland Tonnes 335939 331959 1096578 76539 86
Waste disposal (non-hazardous) - Total Tonnes 157337 86
Waste generated (non-hazardous) - Hong Kong Tonnes 7024 78191 54889 161088 86
Waste generated (non-hazardous) - The Mainland Tonnes 351476 340435 1103980 95679 86
Waste generated (non-hazardous) - Total Tonnes 256657 86
Waste recycled/reused (non-hazardous) - Total Tonnes 99520 86

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

Indicator Unit 2024 Report Pages
GHG intensity reduction % -26 4

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 2021 2022 2023 2024 Report Pages
Responsible Supply Chain Management - 100% of construction projects implement waste recycling programmes % 100 10
Waste recycled/reused (non-hazardous) - Hong Kong Tonnes 54353 38922 15774 80289 86
Waste recycled/reused (non-hazardous) - The Mainland Tonnes 15540 8476 7313 19231 86

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 2019 2020 2021 2022 2023 2024 Report Pages
Energy Intensity GJ/1000 ft² 60.39 56.57 58.9 51.75 52.36 57.36 28
Energy consumption data coverage as a percentage of total floor area, Office % 75.4 81.1 81.8 77
Energy consumption data coverage as a percentage of total floor area, Residential % 1.1 1.1 1.3 77
Energy consumption data coverage as a percentage of total floor area, Retail % 62.3 66.4 67.2 77
Like-for-like percentage change in energy consumption for the portfolio area with data coverage, Office % -11.7 12.6 17.1 77
Like-for-like percentage change in energy consumption for the portfolio area with data coverage, Residential % -37.6 -2.2 -26.1 77
Like-for-like percentage change in energy consumption for the portfolio area with data coverage, Retail % -9.8 -3.8 -1.9 77
Percentage of eligible portfolio that has an energy rating, Office 100% 100% 100% 77
Percentage of eligible portfolio that has an energy rating, Residential 91.9% 91.5% 99.7% 77
Percentage of eligible portfolio that has an energy rating, Retail 100% 100% 100% 77
Percentage of eligible portfolio that is certified to ENERGY STAR, Office Not Applicable to Hong Kong and the Mainland 77
Percentage of tenants that are separately metered or sub-metered for grid electricity consumption, Office % 100 100 100 79
Percentage of tenants that are separately metered or sub-metered for grid electricity consumption, Residential % 100 100 100 79
Percentage of tenants that are separately metered or sub-metered for grid electricity consumption, Retail % 100 100 100 79
Total Energy Consumption GJ 681362 700274 718688 620149 687428 760570 28
Total energy consumed by percentage grid electricity, Office % 52.9 61.5 60.8 77
Total energy consumed by percentage grid electricity, Residential % 65 66.7 78.3 77
Total energy consumed by percentage grid electricity, Retail % 79.7 78.4 74.6 77
Total energy consumed by percentage renewable, Office % 25.9 26 21.9 77
Total energy consumed by percentage renewable, Residential % 10.5 16.1 21 77
Total energy consumed by percentage renewable, Retail % 3.6 11.2 15.5 77
Total energy consumed by portfolio area with data coverage, Office GJ 582038 655208 767531 77
Total energy consumed by portfolio area with data coverage, Residential GJ 111922 109469 80848 77
Total energy consumed by portfolio area with data coverage, Retail GJ 579332 560641 627312 77

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

Indicator Unit 2022 2023 2024 Report Pages
Like-for-like percentage change in water withdrawn for portfolio area with data coverage, Office % -5.6 31 -21.5 78
Like-for-like percentage change in water withdrawn for portfolio area with data coverage, Residential % -44.6 13.6 -5.2 78
Like-for-like percentage change in water withdrawn for portfolio area with data coverage, Retail % -10.7 10.9 -19.7 78
Percentage of tenants that are separately metered or sub-metered for water withdrawals, Office % 100 100 100 79
Percentage of tenants that are separately metered or sub-metered for water withdrawals, Residential % 100 100 100 79
Percentage of tenants that are separately metered or sub-metered for water withdrawals, Retail % 100 100 100 79
Total water withdrawn by percentage in regions with High or Extremely High Baseline Water Stress, Office % 89.1 86.1 79.3 78
Total water withdrawn by percentage in regions with High or Extremely High Baseline Water Stress, Residential % 93.8 94.3 96.3 78
Total water withdrawn by percentage in regions with High or Extremely High Baseline Water Stress, Retail % 79.6 87.6 84.5 78
Total water withdrawn by portfolio area with data coverage, Office Thousand m3 1118 1465 1150 78
Total water withdrawn by portfolio area with data coverage, Residential Thousand m3 141 160 152 78
Total water withdrawn by portfolio area with data coverage, Retail Thousand m3 1261 1399 1123 78

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

Indicator Unit 2024 Report Pages
Energy intensity reduction % -5 4
GHG Emissions and Energy Efficiency - Conduct carbon audits for office tenants across 100% of our Investment Properties (New) % 4.4 10
GHG Emissions and Energy Efficiency - Reduce 2% of our Scope 1 and 2 GHG emission intensity every year (New) N/A 10

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 2023 2024 Report Pages
Water Consumption and Conservation - Implement rainwater harvesting system across 100% of Investment Properties % 61 10
Water withdrawal data coverage as a percentage of total floor area in regions with High or Extremely High Baseline Water Stress, Office % 100 100 100 78
Water withdrawal data coverage as a percentage of total floor area in regions with High or Extremely High Baseline Water Stress, Residential % 39.9 39.9 41.1 78
Water withdrawal data coverage as a percentage of total floor area in regions with High or Extremely High Baseline Water Stress, Retail % 100 100 100 78
Water withdrawal data coverage as a percentage of total floor area, Office % 100 100 100 78
Water withdrawal data coverage as a percentage of total floor area, Residential % 22.4 23.3 23.7 78
Water withdrawal data coverage as a percentage of total floor area, Retail % 77.7 76.8 76.8 78

Total packaging material used for finished products (in tonnes) and, if applicable, with reference to per unit produced.

Indicator Unit 2021 2022 2023 2024 Report Pages
Glass - Hong Kong Tonnes 23 7 5 5 86
Glass - The Mainland Tonnes 2 2 81 33 86
Glass - Total Tonnes 38 86
Paper - Total Tonnes 563 86

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

Indicator Unit 2024 Report Pages
Investment Properties in the Mainland with all three reputable sustainable building accreditations % 40 4
Investment Properties obtained WELL Core/WELL Health-Safety Rating certifications % 84 4
Major Mixed-Use Developments (MUDs) received 3-Star/Gold or above sustainable building certifications 100% 4
Sustainable Buildings - Achieve green certifications for 100% of New Investment Properties % 100 10
Sustainable Buildings - Adopt biophilic design features across 50% of New Investment Properties % 100 10
Sustainable Buildings - Adopt wellness features in building design across 100% of Investment Properties % 95 10

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 2024 Report Pages
Climate Change and Resilience - Adopt climate-resilient building features across 100% of Investment Properties % 94 10
Climate Change and Resilience - Conduct CRVA across 100% of Investment Properties % 100 10
Investment Properties completed Climate Risk and Vulnerability Assessment (CRVA) 100% 4

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

Indicator Unit 2021 2022 2023 2024 Report Pages
Average employment tenure in years (Hong Kong) years 7.2 7.1 7 7.3 91
Average employment tenure in years (The Mainland) years 6 6.2 6.1 6.6 91
Average employment tenure in years, Female (Hong Kong) years 7.5 7.1 6.8 6.8 91
Average employment tenure in years, Female (The Mainland) years 5.7 5.9 5.8 6.3 91
Average employment tenure in years, Male (Hong Kong) years 7 7.2 7.4 7.5 91
Average employment tenure in years, Male (The Mainland) years 6.2 6.4 6.3 6.8 91
Days scheduled to work (Hong Kong) days 389750 387500 377750 366000 92
Days scheduled to work (The Mainland) days 804000 841250 843250 813750 92
Days scheduled to work (Total) days 1193750 1228750 1221000 1179750 92
Days scheduled to work - Female (Hong Kong) days 133500 135000 134250 128750 92
Days scheduled to work - Female (The Mainland) days 317500 333500 338500 330500 92
Days scheduled to work - Female (Total) days 451000 468500 472750 459250 92
Days scheduled to work - Male (Hong Kong) days 256250 252500 243500 237250 92
Days scheduled to work - Male (The Mainland) days 486500 507750 504750 483250 92
Days scheduled to work - Male (Total) days 742750 760250 748250 720500 92
Diversity, Equity, and Inclusion - At least one third of senior positions are held by women % 42 10
New hires by age group (30 to 50, Total) 16.0% 89
New hires by age group (Over 50, Total) 12.6% 89
New hires by age group (Under 30, Total) 41.6% 89
New hires by employee category (General staff, Total) 736 89
New hires by employee category (Management, Total) 8.5% 89
New hires by employee category (Managerial, Total) 93 89
New hires by employment contract (Permanent, Hong Kong) 343 89
New hires by employment contract (Permanent, The Mainland) 14.6% 89
New hires by employment contract (Permanent, Total) 823 89
New hires by employment contract (Temporary/fixed term, Total) 28.4% 89
New hires by employment type (Full-time, Hong Kong) 25.5% 89
New hires by employment type (Full-time, The Mainland) 474 89
New hires by employment type (Full-time, Total) 17.9% 89
New hires by gender (Female, Hong Kong) 157 89
New hires by gender (Female, The Mainland) 14.6% 89
New hires by gender (Female, Total) 350 89
New hires by gender (Male, Hong Kong) 215 89
New hires by gender (Male, The Mainland) 14.5% 89
New hires by gender (Male, Total) 17.2% 89
Number of employees aged 30 to 50 (Total) 3046 88
Number of employees over 50 (Total) 1163 88
Number of employees under 30 (Total) 510 88
Number of female employees (Hong Kong) 515 88
Number of female employees (The Mainland) 1322 88
Number of female employees (Total) 1837 88
Number of full-time employees (Total) 4715 88
Number of general staff employees (Total) 3858 88
Number of hours worked (Hong Kong) hours 549146 2794290 2928553 3269835 92, 93
Number of hours worked (The Mainland) hours 2720689 13140592 15078948 16660957 92, 93
Number of hours worked (Total) hours 9550000 9830000 9768000 19589510 92, 93
Number of male employees (Hong Kong) 949 88
Number of male employees (The Mainland) 1933 88
Number of male employees (Total) 2882 88
Number of management employees (Total) 201 88
Number of managerial employees (Total) 660 88
Number of part-time employees (Total) 4 88
Number of permanent employees (Total) 4638 88
Number of temporary/fixed term employees (Total) 81 88
Ratio of Basic Salary of Female Employees to Male Employees (General staff, Hong Kong) 1:1.06 89
Ratio of Basic Salary of Female Employees to Male Employees (General staff, The Mainland) 1:1.11 89
Ratio of Basic Salary of Female Employees to Male Employees (Management, Hong Kong) 1:0.93 89
Ratio of Basic Salary of Female Employees to Male Employees (Management, The Mainland) 1:0.85 89
Ratio of Basic Salary of Female Employees to Male Employees (Managerial, Hong Kong) 1:1.06 89
Ratio of Basic Salary of Female Employees to Male Employees (Managerial, The Mainland) 1:0.98 89
Ratio of Remuneration of Female Employees to Male Employees (Hong Kong) 1:1.02 89
Ratio of Remuneration of Female Employees to Male Employees (The Mainland) 1:1.04 89
Total number of employees (Hong Kong) 1559 1550 1511 1464 88
Total number of employees (The Mainland) 3216 3365 3373 3255 88
Total number of employees (Total) 4719 88
Total number of employees that should return to work after parental leave ended, Female (Hong Kong) 11 9 12 12 91
Total number of employees that should return to work after parental leave ended, Female (The Mainland) 41 36 45 55 91
Total number of employees that should return to work after parental leave ended, Female (Total) 67 91
Total number of employees that should return to work after parental leave ended, Male (Hong Kong) 16 11 7 13 91
Total number of employees that should return to work after parental leave ended, Male (The Mainland) 35 32 38 29 91
Total number of employees that should return to work after parental leave ended, Male (Total) 42 91
Total number of employees that took parental leave, Female (Hong Kong) 11 9 12 12 91
Total number of employees that took parental leave, Female (The Mainland) 57 47 58 55 91
Total number of employees that took parental leave, Female (Total) 67 91
Total number of employees that took parental leave, Male (Hong Kong) 16 11 7 13 91
Total number of employees that took parental leave, Male (The Mainland) 35 35 38 29 91
Total number of employees that took parental leave, Male (Total) 42 91
Total number of employees that were entitled to parental leave, Female (Hong Kong) 532 540 537 515 91
Total number of employees that were entitled to parental leave, Female (The Mainland) 1270 1580 1581 1322 91
Total number of employees that were entitled to parental leave, Female (Total) 1837 91
Total number of employees that were entitled to parental leave, Male (Hong Kong) 1019 1010 974 949 91
Total number of employees that were entitled to parental leave, Male (The Mainland) 1946 2409 2447 1933 91
Total number of employees that were entitled to parental leave, Male (Total) 2882 91
Women in senior positions % 42 4

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

Indicator Unit 2021 2022 2023 2024 Report Pages
Absentee rate (The Mainland) 2.5% 5.2% 2.6% 2.6% 92
Absentee rate - Female (Total) 2.0% 4.9% 3.3% 3.1% 92
Absentee rate - Male (Total) 1.6% 4.0% 2.0% 2.1% 92
Employee turnover by age group (30 to 50, Total rate) 18.3% 90
Employee turnover by age group (30 to 50, Total) 556 90
Employee turnover by age group (Over 50, Total rate) 24.0% 90
Employee turnover by age group (Over 50, Total) 279 90
Employee turnover by age group (Under 30, Total rate) 39.2% 90
Employee turnover by age group (Under 30, Total) 200 90
Employee turnover by employee category (General staff, Total rate) 23.6% 90
Employee turnover by employee category (General staff, Total) 909 90
Employee turnover by employee category (Management, Total rate) 12.9% 90
Employee turnover by employee category (Management, Total) 26 90
Employee turnover by employee category (Managerial, Total rate) 15.2% 90
Employee turnover by employee category (Managerial, Total) 100 90
Employee turnover by employment context (Permanent, Total rate) 21.5% 90
Employee turnover by employment context (Permanent, Total) 998 90
Employee turnover by employment context (Temporary/fixed term, Total rate) 45.7% 90
Employee turnover by employment context (Temporary/fixed term, Total) 37 90
Employee turnover by employment type (Full-time, Total rate) 21.8% 90
Employee turnover by employment type (Full-time, Total) 1029 90
Employee turnover by employment type (Part-time, Total rate) 150% 90
Employee turnover by employment type (Part-time, Total) 6 90
Employee turnover by gender (Female, Total rate) 23.7% 90
Employee turnover by gender (Female, Total) 435 90
Employee turnover by gender (Male, Total rate) 20.8% 90
Employee turnover by gender (Male, Total) 600 90
Employee voluntary turnover (Hong Kong rate) 21.6% 90
Employee voluntary turnover (Hong Kong) 316 90
Employee voluntary turnover (The Mainland rate) 10.6% 90
Employee voluntary turnover (The Mainland) 344 90
Employee voluntary turnover (Total rate) 14.0% 90
Employee voluntary turnover (Total) 660 90
Number of absent days (Hong Kong) days 717 10227 8544 8769 92
Number of absent days (The Mainland) days 20157 43418 22045 20889 92
Number of absent days (Total) days 20874 53645 30589 29658 92
Number of absent days - Female (Total) days 8858 22915 15571 14356 92
Number of absent days - Male (Total) days 12016 30730 15018 15302 92
Total number and rate of employee turnover (Hong Kong rate) 25.0% 24.7% 31.2% 26.8% 90
Total number and rate of employee turnover (Hong Kong) 390 383 472 419 90
Total number and rate of employee turnover (The Mainland rate) 18.1% 18.5% 21.0% 18.9% 90
Total number and rate of employee turnover (The Mainland) 583 624 708 616 90
Total number and rate of employee turnover (Total rate) 21.9% 90
Total number and rate of employee turnover (Total) 1035 90
Total number and rate of new hires (Hong Kong) 23.9% 373 28.5% 25.4% 89
Total number and rate of new hires (The Mainland) 701 24.5% 530 14.6% 89
Total number and rate of new hires (Total) 17.9% 89
Total number of employees that did return to work after parental leave ended, Female (Hong Kong) 9 9 12 12 91
Total number of employees that did return to work after parental leave ended, Female (The Mainland) 37 33 43 50 91
Total number of employees that did return to work after parental leave ended, Female (Total) 62 91
Total number of employees that did return to work after parental leave ended, Male (Hong Kong) 16 11 7 13 91
Total number of employees that did return to work after parental leave ended, Male (The Mainland) 35 31 38 26 91
Total number of employees that did return to work after parental leave ended, Male (Total) 39 91

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

Indicator Unit 2021 2022 2023 2024 Report Pages
High-consequence work-related injuries, Number of high-consequence work-related injuries reported (Hong Kong) 4 2 1 91
High-consequence work-related injuries, Number of high-consequence work-related injuries reported (Total) 4 2 1 91
High-consequence work-related injuries, Rate per 1000 employees (Hong Kong) 2.58 1.32 0.68 91
High-consequence work-related injuries, Rate per 1000 employees (Total) 0.81 0.41 0.21 91
High-consequence work-related injuries, Rate per 200000 hours worked (Hong Kong) 0.26 0.13 0.07 91
High-consequence work-related injuries, Rate per 200000 hours worked (Total) 0.08 0.04 0.02 91
Number of recordable work-related injuries reported (Hong Kong) 1 4 7 93
Number of recordable work-related injuries reported (The Mainland) 2 93
Number of recordable work-related injuries reported (Total) 3 4 7 93
Occupational Health and Safety - Maintain record of zero work-related fatalities of all our employees Maintained Zero 10
Occupational Health and Safety - Reduce work-related injury rate of employees to 10 per 1000 8.1 10
Rate of recordable work-related injuries per 200000 hours worked (Hong Kong) 0.4 0.3 0.5 93
Rate of recordable work-related injuries per 200000 hours worked (The Mainland) 0.2 93
Rate of recordable work-related injuries per 200000 hours worked (Total) 0.2 0.1 0.1 93
Recordable work-related injuries, Number of recordable work-related injuries reported (Hong Kong) 13 17 21 20 91
Recordable work-related injuries, Number of recordable work-related injuries reported (The Mainland) 16 17 22 18 91
Recordable work-related injuries, Number of recordable work-related injuries reported (Total) 29 34 43 38 91
Recordable work-related injuries, Rate per 1000 employees (Hong Kong) 8.34 10.97 13.9 13.66 91
Recordable work-related injuries, Rate per 1000 employees (The Mainland) 4.98 5.05 6.52 5.53 91
Recordable work-related injuries, Rate per 1000 employees (Total) 6.07 6.92 8.8 8.05 91
Recordable work-related injuries, Rate per 200000 hours worked (Hong Kong) 0.83 1.1 1.39 1.37 91
Recordable work-related injuries, Rate per 200000 hours worked (The Mainland) 0.5 0.51 0.65 0.55 91
Recordable work-related injuries, Rate per 200000 hours worked (Total) 0.61 0.69 0.88 0.81 91
Work-related injury rate (per 1000 employees) per 1000 employees 8.1 4

Lost days due to work injury.

Indicator Unit 2021 2022 2023 2024 Report Pages
Absentee rate (Hong Kong) 0.2% 2.6% 2.3% 2.4% 92
Absentee rate (Total) 1.8% 4.4% 2.5% 2.5% 92
Lost day rate (Hong Kong) 0.1% 0.3% 0.2% 0.2% 92
Lost day rate (The Mainland) 0.1% 0.1% 0.1% 0.1% 92
Lost day rate (Total) 0.1% 0.2% 0.1% 0.1% 92
Lost day rate - Female (Total) 0.03% 0.1% 0.1% 0.03% 92
Lost day rate - Male (Total) 0.1% 0.2% 0.1% 0.2% 92
Number of lost days due to work-related injuries/occupational diseases (Hong Kong) days 200 1221 768 569 92
Number of lost days due to work-related injuries/occupational diseases (The Mainland) days 655 1053 772 666 92
Number of lost days due to work-related injuries/occupational diseases (Total) days 855 2274 1540 1235 92
Number of lost days due to work-related injuries/occupational diseases - Female (Total) days 157 427 670 160 92
Number of lost days due to work-related injuries/occupational diseases - Male (Total) days 698 1847 870 1075 92

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

Indicator Unit 2021 2022 2023 2024 Report Pages
Return to work rate of employees that took parental leave, Female (Hong Kong) % 91.7% 95.6% 90.9% 81.8% 91
Return to work rate of employees that took parental leave, Female (The Mainland) % 90.2% 91
Return to work rate of employees that took parental leave, Female (Total) % 100% 100% 100% 92.5% 91
Return to work rate of employees that took parental leave, Male (Hong Kong) % 100% 100% 100% 89.7% 91
Return to work rate of employees that took parental leave, Male (The Mainland) % 100% 96.9% 91
Return to work rate of employees that took parental leave, Male (Total) % 100% 100% 100% 92.9% 91

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

Indicator Unit 2021 2022 2023 2024 Report Pages
Diversity, Equity, and Inclusion - 100% of employees receive gender equality, anti-sexual harassment, and related ethical training % 91 10
Diversity, Equity, and Inclusion - 100% of employees receive labour rights, diversity, and social inclusion training % 97 10
Employee trained rate % 99 4
Number of female employees trained (Total) 1834 93
Number of general staff trained (Hong Kong) 1222 1169 1105 1085 93
Number of general staff trained (The Mainland) 2476 2865 2852 2723 93
Number of male employees trained (Hong Kong) 985 973 929 905 93
Number of male employees trained (The Mainland) 1870 2031 2019 1928 93
Number of male employees trained (Total) 2833 93
Number of management employees trained (Hong Kong) 80 85 78 82 93
Number of management employees trained (The Mainland) 121 126 129 121 93
Number of management employees trained (Total) 203 93
Number of managerial employees trained (Hong Kong) 211 226 243 248 93
Number of managerial employees trained (The Mainland) 489 374 392 408 93
Number of managerial employees trained (Total) 656 93
Rate of employees trained (Hong Kong) 97.0% 95.5% 94.4% 96.7% 93
Rate of employees trained (The Mainland) 96.0% 100% 100% 99.7% 93
Rate of employees trained (Total) 98.3% 93
Rate of female employees trained (Hong Kong) 98.9% 93.9% 92.6% 99.0% 93
Rate of female employees trained (The Mainland) 95.7% 100% 100% 100% 93
Rate of female employees trained (Total) 99.8% 93
Rate of general staff trained (Hong Kong) 97.0% 94.8% 93.6% 96.2% 93
Rate of general staff trained (The Mainland) 89.6% 100% 100% 99.7% 93
Rate of general staff trained (Total) 98.7% 93
Rate of male employees trained (Hong Kong) 96.1% 96.3% 95.4% 95.4% 93
Rate of male employees trained (The Mainland) 96.1% 100% 100% 99.7% 93
Rate of male employees trained (Total) 99.8% 93
Rate of management employees trained (Hong Kong) 92.0% 98.8% 94.0% 100% 93
Rate of management employees trained (The Mainland) 103.4% 100% 100% 100% 93
Rate of management employees trained (Total) 100% 93
Rate of managerial employees trained (Hong Kong) 99.5% 97.8% 98.4% 97.6% 93
Rate of managerial employees trained (The Mainland) 145.1% 100% 100% 100% 93
Rate of managerial employees trained (Total) 99.4% 93
Total number of employees trained (Hong Kong) 1513 1480 1426 1415 93
Total number of employees trained (The Mainland) 3086 3365 3373 3252 93
Total number of employees trained (Total) 4667 93

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

Indicator Unit 2021 2022 2023 2024 Report Pages
Average training hours of employees (Hong Kong) hours 13.7 15.6 16.2 16.8 94
Average training hours of employees (The Mainland) hours 23.1 26.9 31.7 21.7 94
Average training hours of employees (Total) hours 20.2 94
Average training hours of employees by employee category (General staff, Hong Kong) hours 13 14.9 16.7 17.6 94
Average training hours of employees by employee category (General staff, The Mainland) hours 20.4 27.1 33.2 21.4 94
Average training hours of employees by employee category (General staff, Total) hours 20.3 94
Average training hours of employees by employee category (Management, Hong Kong) hours 16.6 14.9 7.7 15.4 94
Average training hours of employees by employee category (Management, The Mainland) hours 41.7 24.5 21.8 52.9 94
Average training hours of employees by employee category (Management, Total) hours 37.6 94
Average training hours of employees by employee category (Managerial, Hong Kong) hours 16.9 19 16.9 13.7 94
Average training hours of employees by employee category (Managerial, The Mainland) hours 39 25.7 23.5 14 94
Average training hours of employees by employee category (Managerial, Total) hours 13.9 94
Average training hours of employees by gender (Female, Hong Kong) hours 13 14.7 14.4 16.6 94
Average training hours of employees by gender (Female, The Mainland) hours 20.2 24.9 26.1 19.5 94
Average training hours of employees by gender (Female, Total) hours 18.7 94
Average training hours of employees by gender (Male, Hong Kong) hours 14 16 17.2 17 94
Average training hours of employees by gender (Male, The Mainland) hours 25 28.2 35.4 23.1 94
Average training hours of employees by gender (Male, Total) hours 21.1 94
Number of female employees trained (Hong Kong) 528 507 497 510 93
Number of female employees trained (The Mainland) 1216 1334 1354 1324 93
Number of general staff trained (Total) 3808 93

Description of steps taken to eliminate such practices when discovered.

Indicator Unit 2024 Report Pages
Diversity, Equity, and Inclusion - Maintain zero discrimination cases in all operations by treating all people fairly, impartially and with dignity and respect Maintained Zero 10
Responsible Supply Chain Management - 100% of contractors/suppliers are governed by Vendor Code of Conduct which forbids forced labour, slave labour, and child labour % 92 10

Number of suppliers by geographical region.

Indicator Unit 2021 2022 2023 2024 Report Pages
Others (clothes and cloth hangers) - Hong Kong Tonnes 2 1 1 1 86
Others (clothes and cloth hangers) - The Mainland Tonnes 2 1 1 86
Others (clothes and cloth hangers) - Total Tonnes 1 86
Total number of vendors/suppliers for property development (Hong Kong) 1185 1237 1362 1379 94
Total number of vendors/suppliers for property development (The Mainland) 646 682 954 1026 94
Total number of vendors/suppliers for property development (Total) 2405 94
Total number of vendors/suppliers for property management (Hong Kong) 860 947 525 585 94
Total number of vendors/suppliers for property management (The Mainland) 2160 1247 1367 1241 94
Total number of vendors/suppliers for property management (Total) 1826 94

Description of practices relating to engaging suppliers, number of suppliers where the practices are being implemented, and how they are implemented and monitored.

Indicator Unit 2024 Report Pages
Contractors/suppliers are governed by Vendor Code of Conduct % 92 4

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

Indicator Unit 2024 Report Pages
Operations are governed by green procurement guidelines % 87 4
Responsible Supply Chain Management - 100% of building contractors/suppliers are governed by sustainable procurement guidelines which contain mandatory diversity requirements % 33 10
Responsible Supply Chain Management - 100% of operations are governed by green procurement guidelines which include use of sustainable resources throughout property development and operation % 87 10

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

Indicator Unit 2024 Report Pages
Customers are satisfied with our services % 87 4

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

Indicator Unit 2024 Report Pages
Community Engagement, Development and Investment - 100% of New MUDs are planned and designed through a mandatory community engagement process % 100 10
Community Engagement, Development and Investment - 100% of New MUDs are planned and designed with cultural and heritage conservation consideration % 100 10
Community initiatives 690+ 4

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

Indicator Unit 2024 Report Pages
Donations HK$ million 17 4
Sustainability-linked Loan Facilities as % of Group’s total loan facilities % 58 4

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 2019 2020 2021 2022 2023 2024
Direct GHG Emissions (Scope 1) Tonnes of CO2e 4360 4231 4867 5094
Indirect Energy Emissions (Scope 2) Tonnes of CO2e 98546 81461 87547 91753
Total GHG Emissions Tonnes of CO2e 111376 111172 102906 85491 92414 96847
Total GHG Emissions Intensity (By Area) Tonnes of CO2e/1000 ft² 9.87 9.03 8.44 7.15 7.04 7.3
Total Other Indirect Energy Emissions (Scope 3) Tonnes of CO2e 541 1047 2171 2298

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

Standard Indicator Unit 2021 2022 2023 2024
Total Hazardous Waste Tonnes 7.6 7.7 3.3 3.5

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

Standard Indicator Unit 2021 2022 2023 2024
Non-Hazardous Waste (Construction Waste) Tonnes 64042 42548 17378 91227
Non-Hazardous Waste (Kitchen Waste) Tonnes 4448 4283 4995 7578
Non-Hazardous Waste Disposed Tonnes 351609 371228 1135692 157337
Non-Hazardous Waste Recycled Tonnes 358500 418626 1158870 99520
Paper Waste Tonnes 655 477 538 563
Plastic Waste Tonnes 75 58 63 63

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

Standard Indicator Unit 2024
Percentage of Reduction in GHG Intensity Compared to Last Year % -26

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

Standard Indicator Unit 2022 2023 2024
Non-Hazardous Waste Intensity Reduction Percentage Compared to Last Year % -36.6 -62.2 471.7

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 2019 2020 2021 2022 2023 2024
Energy Consumption Intensity (By Area) GJ/1000 ft² 60.39 56.57 58.9 51.75 52.36 57.36
Total Energy Consumption GJ 681362 700274 718688 620149 687428 760570

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

Standard Indicator Unit 2022 2023 2024
Total Water Withdrawal Thousand m3 2520 3024 2425

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

Standard Indicator Unit 2024
Energy Consumption Reduction Percentage Compared to Last Year % -5

Total packaging material used for finished products (in tonnes) and, if applicable, with reference to per unit produced.

Standard Indicator Unit 2021 2022 2023 2024
Packaging Material Consumption (Glass) Tonnes 25 9 86 38

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

Standard Indicator Unit 2021 2022 2023 2024
Number of Employees Aged 30-50 3046
Number of Employees Aged Above 50 1163
Number of Employees Aged Below 30 510
Number of Employees in Hong Kong 1559 1550 1511 1464
Number of Employees in Mainland China 3216 3365 3373 3255
Number of Female Employees 1837
Number of Full-time Employees 4715
Number of Male Employees 2882
Number of New Employees 869
Number of New Employees (Above 50) 147
Number of New Employees (Aged 30-50) 487
Number of New Employees (Aged Below 30) 212
Number of New Employees (Female) 350
Number of New Employees (Hong Kong) 372
Number of New Employees (Mainland China) 474
Number of New Employees (Male) 496
Number of Part-time Employees 4
Number of Temporary Workers 81
Number of Total Employees 4775 4915 4884 4719
Percentage of Employees Aged 30-50 % 64.6
Percentage of Employees Aged Above 50 % 24.6
Percentage of Employees Aged Below 30 % 10.8
Percentage of Female Employees % 38.9
Percentage of Full-time Employees % 99.9
Percentage of Male Employees % 61.1
Percentage of New Employees % 18.4
Percentage of New Employees (Above 50) % 12.6
Percentage of New Employees (Aged 30-50) % 16
Percentage of New Employees (Aged Below 30) % 41.6
Percentage of New Employees (Female) % 19.1
Percentage of New Employees (Hong Kong) % 25.5
Percentage of New Employees (Mainland China) % 14.6
Percentage of New Employees (Male) % 17.2
Percentage of Part-time Employees % 0.1
Percentage of Temporary Workers % 1.7

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

Standard Indicator Unit 2021 2022 2023 2024
Turnover Rate of Employees Aged 30-50 % 18.3
Turnover Rate of Employees Aged Above 50 % 24
Turnover Rate of Employees Aged Below 30 % 39.2
Turnover Rate of Employees in Hong Kong % 25 24.7 31.2 26.8
Turnover Rate of Employees in Mainland China % 18.1 18.5 21 18.9
Turnover Rate of Female Employees % 23.7
Turnover Rate of Full-time Employees % 21.8
Turnover Rate of General Employees % 23.6
Turnover Rate of Male Employees % 20.8
Turnover Rate of Middle Management Employees % 15.2
Turnover Rate of Part-time Employees % 150
Turnover Rate of Senior Management Employees % 12.9
Turnover Rate of Temporary Workers % 45.7
Turnover Rate of Total Employees % None 21.9

Lost days due to work injury.

Standard Indicator Unit 2021 2022 2023 2024
Lost Days Due to Work-related Injuries days 855 2274 1540 1235
Lost Days Due to Work-related Injuries (Hong Kong) days 200 1221 768 569
Lost Days Due to Work-related Injuries (Mainland China) days 655 1053 772 666

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

Standard Indicator Unit 2021 2022 2023 2024
Percentage of Employees Trained % 97 95.5 94.4 99
Percentage of Trained Female Employees % 98.9 93.9 92.6 99.8
Percentage of Trained General Employees % 97 94.8 93.6 98.7
Percentage of Trained Hong Kong Employees % 97 95.5 94.4 96.7
Percentage of Trained Mainland China Employees % 96 100 100 99.7
Percentage of Trained Male Employees % 96.1 96.3 95.4 99.8

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

Standard Indicator Unit 2021 2022 2023 2024
Average Training Hours (Female) hours 13 24.9 14.4 18.7
Average Training Hours (General Staff) hours 13 27.1 33.2 20.3
Average Training Hours (Hong Kong Employees) hours 13.7 15.6 16.2 16.8
Average Training Hours (Mainland China Employees) hours 23.1 26.9 31.7 21.7
Average Training Hours (Male) hours 25 16 17.2 21.1
Average Training Hours (Middle Management) hours 16.9 25.7 23.5 13.9
Average Training Hours (Senior Management) hours 16.6 14.9 7.7 37.6
Average Training Hours per Employee hours 13.7 15.6 16.2 20.2

Number of suppliers by geographical region.

Standard Indicator Unit 2021 2022 2023 2024
Number of Suppliers in Hong Kong 2045 2184 1887 1964
Number of Suppliers in Mainland China 2806 1692 2321 2267
Number of Total Suppliers 4851 3876 4208 4231

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

Standard Indicator Unit 2024
Percentage of Suppliers Adopting Green Procurement Standards % 33