With 89 representatives from distinct functions within the Company and several external partners, 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, the group was significantly expanded to include representatives from 17 suppliers and members of our Office, Retail and Residential teams.

We have deepened engagement with our suppliers through our Business Partner Sustainability Programme which 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, boost our reputation, and capture new business opportunities.

In 2023, we began partnering with EcoVadis, becoming the first real estate company in Hong Kong and the Chinese Mainland to launch a supply chain sustainability engagement programme through EcoVadis’ proprietary ESG assessment platform. A pilot of the programme was rolled out to 60 of our top suppliers in 2024, after which we reviewed the programme and added three-tier assessments as a pre-risk screening

In terms of tenant engagement, our Green Performance Pledge (“GPP”) Programme continued to gain traction with office tenants, with growing numbers of tenants committed. We also expanded GPP offerings, including the GPP Academy, a programme giving office tenants opportunities to network, tap into extensive industry knowledge and share best practices to improve their energy, water and waste performance.

We also continued to grow and refine our Green Kitchen Initiative (“GKI”) and our new Green Retail Partnership (“GRP”) initiative, allowing us to build stronger and closer relationships with our partners as we progress towards our 2050 vision.