Integrating ESG factors in Operations

Sustainability Governance

Sound sustainability governance directs the Group towards the right and promising road. The Sustainability Steering Committee (“SSC”) is chaired by our CEO. Other members are Chief Operating Officer, Chief Financial Officer, Deputy Chief Financial Officer, Chief Business Impact Officer, Director of Business Transformation and Innovation and senior management staff from Hotel and Development.

The SSC oversees the Group’s development and implementation of ESG strategies and reviews on an annual basis the performance in achieving reduction targets and other Sustainability Key Performance Indicators (“SKPIs”). A cross-department Sustainability Task Force executes and monitors the sustainability strategies developed by the SSC and reports the progress to the SSC quarterly. Sustainability Sub-Task Force(s) is formed from time to time to work on particular tasks or projects in a focused manner, such as the “Green Tenancy Sub-Task Force”.

The Group has planned to revamp its sustainability governance structure in the near future by forming ESG sub-committees and task-specific working groups to further the Group’s ESG credentials and ambitions.

Corporate Governance

The Group is overseen by an Executive Committee (“ExCo”). The ExCo comprises seven executive members. The nomination and selection processes are pursuant to the instruction of Joint Administrators. The Chairman of ExCo shall be elected by a simple majority vote on each occasion by members present at the meeting. The Group is dedicated to the highest standards of openness, integrity and accountability to facilitate effective oversight and execution of business strategies. Colleagues are encouraged to report any suspected misconduct, malpractice and irregularity to the Audit Committee.

EXECUTIVE
COMMITTEE

AUDIT
COMMITTEE

INTERNAL
AUDIT

CHIEF EXECUTIVE
OFFICER

Donald Choi

FINANCE

OPERATION

ASSET
MANAGEMENT

DEVELOPMENT

NINA HOSPITALITY
& ENTERTAINMENT

BUSINESS
TRANSFORMATION
AND INNOVATION

BUSINESS IMPACT,
BRANDING &
MARKETING

Materiality Assessment

We have undertaken a comprehensive materiality assessment involving engaging stakeholders to identify and prioritise the topics most relevant and important to our sustainability operations. This process helped the Group better understand the risks and opportunities that are aligned with its sustainability vision and the Group’s continued growth.

To begin, we identified 27 material topics based on global sustainability trends, the latest reporting guidelines, and industry practices. We then surveyed our internal and external stakeholders to determine their priorities across these topics. Finally, we validated these material risks and opportunities with our management.

During the Reporting Period, we collaborated with a third-party consultant to conduct workshops and online surveys with 147 stakeholders, including customers, tenants, suppliers, and colleagues at various levels. The results of the materiality assessment are reflected in the table.

Sustainability Focuses	Strategic Topics	How We Address Them (relevant sections in this Report)
People	Development and Training	Unleashing the Potential of Our Talents
	Community Involvement	Creating The Vibrant Communities, Ramping Up Our People; Caring the Communities during COVID-19
	Tenant and Customer Engagement	Delivering the Best Experience through Service Excellence and Customer Engagement
Prosperity	Technology and Innovation	Developing Technologies for the Evolving Communities’ Needs
Planet	Sustainable Building	Building Sustainable Places with Heart
	Energy Use and Conservation	Valuing Our Resources
	Waste Management	Valuing Our Resources
	Water Consumption and Conservation	Valuing Our Resources
	Material Management and Selection	Fostering Sustainable Procurement
	Greenhouse Gas Emission	Accelerating Low-carbon Transformation
	Climate Resilience	Climate-related Financial Disclosures
Governance	Corporate Governance	Bringing Impacts by Our Sustainability Governance
Governance	Stakeholder Engagement	Bringing Impacts by Our Sustainability Governance