5-Year ESG Roadmap

Focus areas

ESG Governance

Topics

ESG management

Financial Year / Plan

2022

• Establish group-wide ESG Committee

Topics

ESG reporting

Financial Year / Plan

2022 - 2027

• Participate in annual GRESB assessment

Focus areas

Corporate governance

Topics

Anti-corruption training

Financial Year / Plan

2022 - 2024

• Continue to provide anti-corruption training annually to employees, including Executive Directors, in collaboration with the ICAC

2025 - 2027

• Annual declaration of Code of Conduct compliance by all new and existing employees

Focus areas

Circular economy

Topics

Waste reduction

Financial Year / Plan

2022/2023

• Establish waste data (including recycling data) collection system at all property management assets

• Set FY2027 waste targets and action plan of property management assets

2024 - 2026

• Report waste data in ESG reports (at a minimum all property management assets) and progress on FY2027 target

2027

• Meet or exceed FY2027 targets

Focus areas

Climate Action and Resilience

Topics

GHG reduction

Financial Year / Plan

2022/2023

• Set FY2027 GHG reduction target (based on Energy reduction target and plan) for property management assets (at a minimum all common areas)

2024 - 2026

• Report GHG data in ESG reports (at a minimum all property management assets) and progress on FY2027 target

2027

• Meet or exceed FY2027 targets

Topics

Physical climate risks

Financial Year / Plan

2025 - 2027

• Develop Climate Resilience Design Guidelines for greater intensity and frequency of typhoons and floods

Topics

Renewable energy

Financial Year / Plan

2022 - 2027

• Install at least one renewable energy (e.g. solar panels) system for all new Development projects

Topics

Energy reduction

Financial Year / Plan

2022/2023

• Set FY2027 energy targets and action plan (based on energy audit/commissioning studies) for property management assets (at a minimum all common areas)

2024 - 2026

• Report energy data in ESG reports (at a minimum all property management assets) and progress on FY2027 target

• Undertake energy modelling for all new assets to assess opportunities for reducing energy demand and prevention of overheating (e.g. use of different façade designs and specifications at concept stage)

• Commission a review of the current WOP engineering standards to ensure compliance with the Building Energy Efficiency Ordinance (BEEO) and consider the impact of more stringent design limits on future designs

2027

• Meet or exceed FY2027 targets

Topics

Water reduction

Financial Year / Plan

2022/2023

• Report water data in ESG reports (at a minimum all property management assets)

2024

• Set water consumption and recycling targets and action plan (Based on water audit) for property management assets (at a minimum all common areas)

2025 - 2026

• Report water data in ESG reports (at a minimum all property management assets) and progress on FY2027 target

2027

• Meet or exceed FY2027 water targets

Focus areas

Sustainable certifications

Topics

Resource conservation

Financial Year / Plan

2022/2023

• By FY2027, 100% of Development project portfolio attain BEAM Plus certification (minimum Bronze) by GFA (2022: 25%)

2024 - 2026

• Report on progress towards FY2027 target in annual ESG Report

2027

• Meet or exceed FY2027 targets

Focus areas

Driven employees

Topics

Employee diversity & inclusion

Financial Year / Plan

2025 - 2027

• Disclose gender pay ratio

Topics

Employee safety & well-being

Financial Year / Plan

2022 - 2027

• Conduct employee satisfaction (including health and wellness) survey annually (GRESB)

• Implement action plan based on survey

• Improve Net Promoter Score year-on-year

Topics

Employee development

Financial Year / Plan

2022/2023

• By FY2027 raise average training hour to 6 per employee. (2022: 0.85 hrs / employee), especially for ESG-specific training (any training related to environment, social, safety, anti-corruption etc.)

2024 - 2026

• Report on progress towards FY2027 target in annual ESG Report

2027

• Meet or exceed FY2027 training targets

Focus areas

Satisfied clients

Topics

Client/tenant satisfaction

Financial Year / Plan

2022 - 2027

• Conduct tenant satisfaction survey for each property management asset minimum every 3 years.

Focus areas

Healthy supply chains

Topics

ESG supply chain risk

Financial Year / Plan

2022 - 2027

• Integrate contractor ESG Assessment into tender process and monitoring

Topics

Worker safety

Financial Year / Plan

2022/2023

• By FY2027 maintain portfolio-wide contractor injury rate below 2 cases per 100 workers (2022: 0.97) and develop action plan

2024 - 2026

• Report on progress towards FY2027 target in annual ESG Report

2027

• Meet or exceed FY2027 target

Focus areas

Prosperous communities

Topics

Community development

Financial Year / Plan

2025 - 2027

• Establish long-term Wang On Social Impact Programme