About this report

Reporting Period and Reporting Scope

This Report is the 4th Sustainability Report (“the Report”) of the Group. The Reporting Period covers the Group’s financial year 2022/23 (FY2022/23) from 1 July 2022 to 30 June 2023. The sustainability data and information focus on our key businesses, including the property management subsidiaries and Nina Hospitality. During the Reporting Period, the reporting scope includes the headquarters office, 34 commercial, industrial and residential properties and seven hotels, where the Group has majority financial ownership and operational control.

Reporting Standards and Principles

The Report is prepared in accordance with the GRI Standards and its latest Universal Standards 2021. We have also prepared this Report with reference to the Environmental, Social and Governance Reporting Guide (“the ESG Reporting Guide”) contained in Appendix C2 to The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (“HKEx”) and the TCFD recommendations. In addition, our report makes reference to the IFRS S2 Climate-related Disclosures (“IFRS S2”) issued by the International Sustainability Standards Board (“ISSB”).

We have followed the Reporting Principles as recommended by GRI Standards and as set out in the ESG Reporting Guide to define the report content and to ensure the quality of information presented in this Report, including:

Materiality

We conduct materiality assessments and stakeholder engagements to identify material sustainability and financial issues.

Quantitative

We provide quantitative figures and give updates on performance indicators.

Balance

We disclose positive and negative impacts of our performance and areas for further improvements.

Consistency

We keep consistency in the use of reporting standards and methodologies. Explanations are provided where applicable.

External Assurance

We obtained external independent assurance for the content of this Report. Hong Kong Quality Assurance Agency (“HKQAA”) was engaged to provide reasonable assurance and ensure the Report was prepared in accordance with the GRI Standards and its latest Universal Standards 2021, the ESG Reporting Guide and IFRS S2. The scope of work carried out by HKQAA is set out in their verification statement.

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