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Sun Hung Kai Properties is a publicly listed company headquartered in Hong Kong, China. Sun Hung Kai is the largest property developer in Hong Kong, operating both on the island and in mainland China. Founded by Kwok Tak-seng in 1963, it is now controlled by the Kwok Family Trust.
Summary
Sun Hung Kai Properties reports transparently on numerous sustainability topics. However, there is clear potential for the company to strengthen its performance in many areas. The company discloses its materiality assessment and assigns responsibility to its board and executive committee for overseeing and implementing its sustainability strategy. However, it can strengthen its strategy by incorporating specific actions for managing its material topics. Furthermore, it should link sustainability performance criteria to its remuneration policy for senior executives to ensure that sustainability considerations are integrated in daily business operations.
While the company has collaborated with the Hong Kong government to address housing shortages and improve living conditions for underprivileged individuals, it can step up its efforts by regularly reporting and setting targets to ensure a long-term commitment to affordability. Additionally, the company should strengthen its overall human rights commitments and disclose its process for identifying and mitigating key human rights risks. From a climate perspective, the company should set more ambitious decarbonisation targets aligned with the 1.5°C pathway and covering its entire portfolio to demonstrate a stronger commitment to climate action.
Ranking position
#70
/300
Total score
19.6
/100
Measurement area
Score
Rank (0-300)
Measurement area
Governance & Strategy
Score
# 1
15.8
/100
Rank (0-300)
#81
Measurement area
Inclusive Cities
Score
# 1
35.0
/100
Rank (0-300)
#37
Measurement area
Healthy Cities
Score
# 1
3.3
/100
Rank (0-300)
#151
Measurement area
Climate Proof & Resilient Cities
Score
# 1
7.5
/100
Rank (0-300)
#119
Measurement area
Core Social Indicators
Score
# 1
36.1
/100
Rank (0-300)
#27
Industries
Industries
Real estate
#24
More about the company
Headquarters
Hong Kong
Ownership structure
Public
Revenue
USD 9,093 billion (2022)
Number of employees
26425 (2022)
Website
https://www.shkp.com
63716
