Achievements

We have been honoured with a wide variety of awards and accolades, reflecting not only commercial success and the quality of our products and services, but also our commitment to the community and the environment.

To support our strategic sustainability goals, we published our Sustainable Finance Framework in January 2026, which provides a structured and transparent approach to financing and refinancing eligible green and social projects. The Framework governs the issuance of green, social and sustainability financing instruments, aligns with internationally recognised principles including the International Capital Markets Association (“ICMA”)’s Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines, and reinforces the linkage between our funding activities and measurable environmental and social outcomes. The Framework covers a wide range of scope of eligible investments including environmental and social projects which deliver respective environmental and social benefits to the community. A Second-Party Opinion was obtained from Moody’s Ratings, which has assigned Sustainability Quality Score of “SQS2 (Very good)” Framework.

We also deepened our sustainable finance efforts through a strategic partnership with DBS Bank (Hong Kong) Limited (“DBS Hong Kong”), reflecting our commitment to responsible investment and community-focused initiatives. Our collaboration with DBS Hong Kong led to the successful closing of an HK$5 billion bilateral, multi-tranche Sustainability-Linked Loan (“SLL”) and social loan. The package, including a four-year HK$2 billion SLL, a 5-year HK$2.9 billion SLL, and an HK$100 million social loan, was awarded “Best Sustainability Loan - Hong Kong” in “The Asset Triple A Awards for Sustainable Finance 2026”.

Through this partnership, we jointly designed a tailored set of sustainability performance targets that reflect our current ESG profile and our “2030 Sustainability Vision”, ensuring the loan structure meaningfully incentivises environmental and social progress. We also worked with DBS Hong Kong to recognise our ongoing investments in community initiatives, with proceeds from the social loan earmarked for eligible projects such as Transitional Housing and the Community Living Room, supporting wider community well-being.

In addition, the Group issued HK$8 billion guaranteed convertible bonds due 2030, further diversifying its longterm funding sources. The issuance enhances funding flexibility and supports the Group’s long-term development and sustainable finance objectives.

As of 31 December 2025, we have initiated green finance partnerships with a cohort of 18 local and international banks, securing over HK$50 billion of green finance facilities, including green loans, green undertakings, social loans and sustainability-linked loans, to support our sustainable development activities across the Group.

Below highlights the green and sustainable finance facilities we utilised to support our sustainable development activities throughout 2025:

Type of facilities: Sustainability-Linked Loan with Bank of China (Hong Kong) Limited
Amount utilised: HK$1.8 billion

Type of facilities: Sustainability-Linked Loan and social loan facility with DBS Bank (Hong Kong) Limited
Amount utilised: HK$3 billion

Use of proceeds: The proceeds are used to strengthen the Group’s green portfolio of investment and development properties by obtaining green and healthy building certifications, minimising the accident frequent rate of construction workers, reducing carbon emissions, and introducing green and sustainable initiatives in our business operations. This supports the solidification of the Group’s long-term ESG goal and “2030 Sustainability Vision”.

The Social Loan sub-limit will be used to finance eligible community projects, including transitional housing and community living room, reflecting both parties’ ongoing commitment to responsible investment and the promotion of community well-being.

Type of facilities: Green Loan with Hang Seng Bank Limited
Amount utilised: HK$0.8 billion

Type of facilities: Green Loan with Industrial Bank Co., Ltd., Hong Kong Branch
Amount utilised: HK$2 billion

Use of proceeds:The proceeds are applied to eligible green projects, including the development of new commercial or residential buildings, the adoption of smart technologies in new buildings, and the upgrading of facilities or equipment in existing developments.

In 2025, HK$2.8 billion green financing has been used to refinance eligible expenditures for the new commercial building The Henderson.