Building on our achievements since the launch of our SD 2030 Strategy in 2016, we are in a good position to advance to our next targets for 2025 and 2030. These new targets are challenging and will require innovation, creative thinking and considerable effort as we strive to achieve our SD vision: to be the leading sustainable development performer in our industry globally by 2030.
Talent Attraction
Talent Management
Occupational
Health and Safety
Health and Safety
Diversity
and Inclusion
and Inclusion
Suppliers
Tenants
Climate Change
Energy
Resource and
Circularity
Circularity
Water
Biodiversity
Occupant Wellbeing
Building/Asset
Investment
Investment
Sustainable and
Green Financing
Green Financing
Corporate
Governance
Governance
Safety
2025 KPI
- Maintain an LTIR at or below 1.2 for non-hotels operations; and at or below 2.0 for hotels operations
- Maintain zero work-related fatalities and zero serious incidents38 for employees
2030 KPI
- Maintain zero work-related fatalities and zero serious incidents38 for employees and contractors
Policy, Strategy and Governance
2025 KPI
- Maintain a female representation of no less than 40% in the workforce
- Maintain a gender balance in senior management
- Maintain gender pay ratio at 1:1
2030 KPI
- Maintain a gender balance in senior management
- Maintain gender pay ratio at 1:1
Monitoring (Compliance)
2025 KPI
- Maintain 100% implementation of the Supplier Code of Conduct in all portfolios
2030 KPI
- Maintain 100% implementation of the Supplier Code of Conduct in all portfolios
Driving Impact
2025 KPI
- 25% of products and services purchased for wholly-owned new and existing investment portfolios shall be sustainable
Health and Safety
2025 KPI
- Reduce 5-year rolling average of accident rate per 1,000 contractor workers39 in our Hong Kong development projects by 50%
2030 KPI
- Reduce 5-year rolling average of accident rate per 1,000 contractor workers39 in our Hong Kong development projects by 70%
Decarbonisation
2025 KPI
- Operational GHG Emissions (Scope 1 and 2 SBT): Reduce absolute GHG emissions by 25%41
2030 KPI
- Operational GHG Emissions (Scope 1 and 2 SBT): Reduce absolute GHG emissions by 46%41
- Value Chain Emissions (Scope 3 SBT – Downstream Leased Assets): Reduce carbon intensity from the tenant-controlled portion of downstream leased assets by 28% per sqm42
- Value Chain Emissions (Scope 3 SBT – Capital Goods): Reduce embodied carbon intensity from new major developments by 25% per sqm (construction floor area)43
Energy Reduction44
2025 KPI
Hong Kong Portfolio45
- Reduce annual electricity use intensity by
20%41
Chinese Mainland Portfolio46
- Reduce annual electricity use intensity by
13%41
2030 KPI
Hong Kong Portfolio45
- Reduce annual electricity use intensity by
40%41
Chinese Mainland Portfolio46
- Reduce annual electricity use intensity by
35%41
Renewable Energy
2025 KPI
- Generate 4-6% of landlord’s building energy from on-site renewable or clean energy sources for selected newly completed office projects
Resource Recycling and Waste Diversion
2025 KPI
Waste Diversion Rates
Hong Kong Portfolio45
- 30% of commercial waste
Hong Kong (projects under development)
- 85% of demolition waste
- 70% of construction waste
Waste Diversion Rates
Chinese Mainland (projects under development)46
- 50% of total waste
Waste Recycling Rates
Chinese Mainland Portfolio47
- 40% of commercial waste
2030 KPI
Waste Diversion Rates
Hong Kong Portfolio45
- 50% of commercial waste
Hong Kong (projects under development)
- 90% of demolition waste
- 75% of construction waste
Waste Diversion Rates
Chinese Mainland (projects under development)46
- 60% of total waste
Waste Recycling Rates
Chinese Mainland Portfolio47
- 45% of commercial waste
Environmental Building Assessment Schemes49
2025 KPI
- 100% of wholly-owned new development projects50 to achieve the highest environmental building assessment scheme rating
- 90% of all wholly-owned existing developments50 to achieve the highest environmental building assessment scheme rating
2030 KPI
- 100% wholly-owned new and existing developments50 to achieve the highest environmental building assessment scheme rating
Anti-bribery & Anti-corruption
2025 KPI
- Annual bribery and corruption risk review by Executive Committee
Executive Compensation
2025 KPI
- Establish corporate SD performance metrics and goals that are linked to the Chief Executive and senior executive’s variable compensation
Board Diversity
2025 KPI
- Maintain no less than 30% of female representation on the Board
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