CHANGEISCONSTANT
Sustainability Report 2018
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CONTENTS
02 ABOUT THIS REPORT
05 MESSAGE FROM THE SUSTAINABILITY
STEERING COMMITTEE
- SUSTAINABILITY STRATEGY
- OUR BUSINESS
- STAKEHOLDER ENGAGEMENT
- OUR OPERATION
- OUR TEAM
- OUR PROPERTIES
- OUR COMMUNITY
- PERFORMANCE DATA SUMMARY
- HKEX ESG REPORTING GUIDE CONTENT INDEX
- GRI CONTENT INDEX
- INDEPENDENT ASSURANCE OPINION STATEMENT
MESSAGE | |||||||||
FROM THE | |||||||||
ABOUT THIS | SUSTAINABILITY | SUSTAINABILITY | OUR | STAKEHOLDER | OUR | OUR | OUR | OUR | PERFORMANCE |
REPORT | STEERING | STRATEGY | BUSINESS | ENGAGEMENT | OPERATION | TEAM | PROPERTIES | COMMUNITY | DATA SUMMARY |
COMMITTEE |
ABOUT THIS REPORT
About the Company | Reporting Period and Scope |
Kerry Properties Limited ("Kerry Properties" or "KPL", which together with its subsidiaries referred to as the "Group"), is a world-class property company1with significant investments in the Mainland and Hong Kong. The Group's major focus is on developing high-quality residential and mixed-use developments encompassing office towers, apartments, shopping malls and hotels in prime locations2. Beyond the delivery of quality properties, the Group continues to serve its clients by offering professional management and a range of value-added services and diverse privileges.
The Group acts on principles of fairness and integrity, and we value the relationships we have developed over our long history with staff, suppliers, partners, government agencies, and other key stakeholders.
Kerry Properties is listed on The Stock Exchange of Hong Kong Limited ("SEHK") (Stock code: 683) and is also selected as a constituent stock in the Hang Seng Corporate Sustainability Benchmark Index.
Mixed-use development
Commercial property
Residential property
All properties
Shenyang
This report covers the Group's sustainability performance for the financial year from 1 January to 31 December 2018. It includes the sustainability performance of our operations in Hong Kong3and key properties in the Mainland4including seven mixed-use projects and seven selected properties. Compared with our previous report published in June 2018, which covered our operations in Hong Kong and six mixed-use projects, two commercial properties, and two residential properties in the Mainland, we have further expanded the reporting scope this year to include more properties. For details, please refer to the following map and table.
GFA under management (million square feet)
Hong Kong5 | 11.07 | |||||
Jing An Kerry Centre, Shanghai | 3.98* | |||||
Kerry Parkside, Shanghai | 2.26 | |||||
Beijing Kerry Centre | 1.79 | |||||
Shenzhen Kerry Plaza | 2.15* | |||||
Hangzhou Kerry Centre | 2.68* | |||||
Shenyang Kerry Centre6 | NEW | 8.79 | ||||
Qianhai Kerry Centre | 3.07 | |||||
Kerry Everbright City Phase III - | 1.56 | |||||
Enterprise Centre, Shanghai | ||||||
Beijing | Qinhuangdao | Shenzhen Kerry Centre | 0.84 | |||||||||
Shanghai Central Residences Phase II | 0.75 | |||||||||||
Tangshan | Habitat Phase I, Qinhuangdao | 2.06* | ||||||||||
Shanghai Central Residences Phase I NEW | 1.33* | |||||||||||
Shanghai | Putian Arcadia Court NEW | 3.88* | ||||||||||
Tangshan Arcadia Court NEW | 3.28* | |||||||||||
Hangzhou | ||||||||||||
Putian
Shenzhen
Hong Kong
- The Group is a property investment, development and management company headquartered in Hong Kong.
- As at 31 December 2018, the Group held a portfolio comprising properties under development, completed investment properties, hotel properties and properties held for sale, in the Mainland, Hong Kong, Macau and overseas.
- The scope of reported Hong Kong operations includes: a) properties under development; b) completed investment properties; and c) properties held for sale. Hotel properties are excluded.
- The scope of reported properties in the Mainland excludes: a) properties under development; and b) hotel properties.
- For managed properties in Hong Kong, compared to 2017, added Enterprise Square Five, and excluded Larvotto since it is no longer managed by the Group.
- Included all properties in the project in 2018 (Shenyang Kerry Parkside, Enterprise Square Tower 2 and Shenyang Arcadia Height are added in 2018, on top of the Enterprise Square Tower 1 and Shenyang Arcadia Court in 2017).
- Includesnon-accountable GFA, if any, such as basement, underground car parks and floors serving mechanical purposes.
Excludes Environmental Key Performance Indicators
2 | Kerry Properties Limited | |
MESSAGE | |||||||||
FROM THE | |||||||||
ABOUT THIS | SUSTAINABILITY | SUSTAINABILITY | OUR | STAKEHOLDER | OUR | OUR | OUR | OUR | PERFORMANCE |
REPORT | STEERING | STRATEGY | BUSINESS | ENGAGEMENT | OPERATION | TEAM | PROPERTIES | COMMUNITY | DATA SUMMARY |
COMMITTEE |
In addition, this report includes environmental key performance indicators ("KPIs") of operations in Hong Kong as well as five mixed-use projects, five residential properties and two commercial properties in the Mainland (eight additional projects compared to last year)7. For properties that are yet to be covered, baseline data collection has been undertaken for future extension of the reporting scope.
Reporting Standards
This report has been prepared in accordance with the Global Reporting Initiative ("GRI") Standards: Core option and with reference to the GRI G4 Construction and Real Estate Sector Disclosures ("G4 CRE"). This report also satisfies the "comply or explain" provisions as well as "recommended disclosures" of Environmental, Social and Governance ("ESG") Reporting Guide ("ESG Guide") issued by SEHK.
Data Preparation
The content of this report follows a pathway from identification of material sustainability issues to validation of the information reported.
The Group has established internal controls and a formal review process to ensure that any information presented in this report is as accurate and reliable as possible.
Our Operational Committee members are responsible for the establishment and disclosure of relevant targets and KPIs. Our Sustainability Steering Committee has also reviewed and approved the final content.
In order to ensure the credibility and transparency of our report, an independent sustainability consultancy, Carbon Care Asia, was engaged to oversee and facilitate the preparation of this report in a rigorous manner.
Reporting Principles
During its preparation, the Group adheres to the reporting principles of stakeholder inclusiveness, sustainability context, materiality, completeness, accuracy, balance, clarity, comparability and consistency, reliability, timeliness and quantitative. For details, please refer to the following table.
7Excluding environmental KPIs of projects/properties under development or those with occupancy rate lower than 80% in the reporting year.
Principle | What it means | The Group's Response |
Stakeholder | The report should include views and |
inclusiveness | expectations among its stakeholders. |
Stakeholder engagement is conducted for obtaining direct inputs and feedback from stakeholders. The outcome of the stakeholder engagement processes is consistent with the material topics included in the report.
Sustainability | The report should examine performance with |
context | reference to broader sustainable development |
considerations and goals. | |
Materiality | The report should cover aspects that reflect |
significant economic, environmental and social | |
impact or substantively influence the assessments | |
and decisions of stakeholders. | |
Completeness | The report should sufficiently cover the chosen |
material aspects, taking care not to leave out any | |
aspects that are significant to stakeholders. | |
Accuracy | The report should present information that is |
sufficiently accurate and detailed for stakeholders | |
to evaluate the organisation's performance. |
Discussions of material sustainability issues are supplemented with the Group's long-term strategy, risks, opportunities and goals whenever feasible.
Material sustainability issues are identified through stakeholder engagement, in which the Group's business nature, operational practices and locations have also been taken into account.
All aspects in SEHK's ESG Guide are covered in this report. All material sustainability issues identified are also addressed in this report.
A rigorous due diligence process is conducted to ensure quality and veracity of information disclosed.
Sustainability Report 2018 | 3 | |
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Disclaimer
Kerry Properties Ltd. published this content on 28 June 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2019 11:05:05 UTC