With 22 representatives from distinct functions within the Company, the composition of our Partners Working Group reflects our commitment to engaging with as many partners as possible, including local partners in all places where we have a significant presence.
This year, we deepened engagement with our suppliers through the newly introduced Business Partner Sustainability Programme. This aims to build long-term, mutually beneficial relationships with our business partners, enhance the overall resilience of our value chain, help our suppliers mitigate ESG-related risks, achieve greater resource efficiency, enhance our reputation, and capture new business opportunities.
Our Green Performance Pledge (“GPP”) Programme also continued to gain traction with office tenants. In 2023 we announced the launch of the GPP Academy, a programme enabling office tenants to network, tap into extensive industry knowledge and share best practices to improve their energy, water and waste performance.
These initiatives and programmes allow us to build stronger and closer relationships with our partners while progressing towards our 2025 and 2030 KPIs.
Monitoring (Compliance)
2025 KPI
- Maintain 100% implementation of the Supplier Code of Conduct (“SCoC”) in all portfolios.
Progress Updates in 2023
- It is now standard practice to require all suppliers in Hong Kong, the Chinese Mainland and Miami, U.S.A. to comply with the SCoC.
- Piloted an ESG assessment with selected significant suppliers to ensure effective implementation of SCoC.
Driving Impact
2025 KPI
- 25% of products and services purchased for wholly-owned new and existing investment portfolios shall be sustainable.
Progress Updates in 2023
- 8% of these products and services purchased were sustainable.
Contractors Health and Safety
2025 KPI
- Reduce 5-year rolling average of accident rate per 1,000 contractor workers7 in our Hong Kong development projects by 50%.
Progress Updates in 2023
- Achieved a reduction of 58% in accident rate.
Tenant Engagement
2025 KPI
- 50% of office tenants in wholly-owned portfolios8 to sign the GPP to jointly improve environmental performance by 2025.
Progress Updates in 2023
- 90 tenants signed GPP, which covered 41% of tenants, equivalent to over 3.5 million sq ft LFA in our wholly-owned office portfolio in Hong Kong and the Chinese Mainland.
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