Governing a Sustainable Supply Chain

Our dedication to sustainability reaches far beyond our internal operations. To align with our values, we have implemented a specific governance system that fosters collaboration with our value chain partners.

To ensure that our suppliers uphold our rigorous standards, we conduct extensive due diligence on accuracy, pricing, response times, after-sales service quality, and operational regions. Our supplier screening process requires the completion of supplier registration form covering business ethics, regulatory compliance, anti corruption measures, environmental performance, labour practices (including the prohibition of forced and child labour) and occupational health and safety systems. We also prioritise suppliers with recognised sustainability certifications during the selection process.

We introduced enhanced sustainable procurement guidelines in March 2022 to direct our purchasing decisions towards greater sustainability, reduce our environmental footprint and achieve positive social impacts. Furthermore, we released the guidelines for sustainable design and procurement in April 2024 to implement sustainable designs, products and services, which strives to achieve Net Zero. The guidelines also aim to promote sustainability in property development, and to reduce consumption on the natural resources and damage to the Earth. Recognising the importance of effective supply chain management, we regularly assess our supply chain to ensure compliance with our sustainable procurement commitments, as well as environmental and social standards. To effectively manage supply chain risks and enhance our sustainability performance, we refined our Suppliers’ Code of Conduct (“SCOC”) in March 2023 to deepen ESG integration in our procurement process. The updated SCOC, which was developed in accordance with our business values to promote sustainable development, defines our expectations and requirements for suppliers, along with their responsibilities towards stakeholders, society, and the environment. All registered suppliers are required to adhere to the SCOC. In addition, we encourage both new and existing suppliers to provide relevant environmental and safety certifications or standards during the bidding process to support their proposals.

For additional information on our sustainable procurement practices and decarbonisation initiatives, please refer to the ”Protecting Our Planet” section.