CORPORATE SUSTAINABILITY REPORT
CORPORATE SUSTAINABILITY
Driving Collective Growth through SV2030+
Driving Collective Growth through SV2030+
To foster a future-proof society through innovation and sustainable growth, NWD values driving collective growth as its sustainability philosophy and strategic approach, connecting business success with environmental and social development and providing significant value to both our stakeholders and future generations across key business activities.
As a sustainable business approach, our Sustainability Vision 2030+ ("SV2030+") establishes a framework to focus on the most material and relevant sustainability topics to our business. SV2030+ is anchored in three pillars: Future-Fit Places, Organisational Resilience, and Enriched Lives. It enhances the integration of sustainability into our core business, generating economic, environmental, and social value.
Throughout this Corporate Sustainability section, we describe the leading targets associated with each pillar and how it drives collective growth with our stakeholders and for society.
U R S U S T A I N A B L E B U S O U E Y R L B E U A S D I N I N E G S S T A A C R T G I V E I T T I S E S OStakeholder Engagement and Materiality Assessment
Investment Management Deliver sustained value through
Future-Fit Places
Organisational Resilience
Future-Fit Places
diverse real
IN ECorporate Governance
U R KDevelopment Develop high-quality, bespoke real estate assets and infrastructure.
Future-Fit Places Design, build, and operate high-quality, future-fit, and resilient places that deliver
SS APPROACHenduring value for our stakeholders.
Climate Resilience
Transition to a Low Carbon Economy
Conserving Natural Resources
Organisational Resilience
OClimate adaptation and resilience plans set for all relevant investments and operations to protect value at risk
Net Zero Scope 1, 2 & 3 emissions from all assets and operations
THE VALUE WE CREATE WITH OUR STAKEHOLDERS
Corporate Governance
Our Customers
Stakeholder Engagement and Materiality Assessment
A developer and operator of best-in-class, sustainable and human-centric properties that meet customers' current and future needs.
Our Tenants
A landlord committed to fostering lasting
estate investment properties.
Asset Management
Operate and maintain high performing assets for ourselves and
our partners.
Services
Provide customer-focused services complementary to our core real
Enriched Lives
estate business.
Cultivating a forward-looking and agile mindset to build a resilient, adaptable and sustainable business.
Responsible Investment
Trusted Partner
Technology and Data Governance
Enriched Lives
Enhancing the health and economic wellbeing of our stakeholders.
Investing in Our People
Thriving Communities
Vibrant Local Economy
All new and existing investments aligned to our responsible investment principles, including our commitment to certified sustainable buildings
Maintain transparency in corporate disclosure and industry leadership in key ESG indices and ratings
NWD recognised as preferred employer of choice
Enriched Lives
All community programmes are aligned to our social impact investing framework
partnerships through innovative and sustainable solutions and quality services.
Our Investors and Partners
A high-performing organisation delivering long-term value with investors, business partners, NGOs, and the Government.
Our People
Organisational Resilience
A devoted employer growing together with a capable, engaged, and inclusive workforce.
Our Community
A reliable community partner that contributes to societal and economic progress, fosters creative thinking and promotes cultural development.
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CORPORATE SUSTAINABILITY
MESSAGE FROM THE SUSTAINABILITY COMMITTEEDriving Collective Growth through SV2030+
At NWD, our commitment to responsible business practices drives our sustainability journey and ensures long-term success for our stakeholders. Sustainability is deeply rooted in our strategic framework and decision-making processes, guiding us to create influential value for stakeholders.
Our New World Sustainability Vision 2030+ ("SV2030+") establishes the strategic foundation for a focused approach, targeting three pillars: Future-Fit Places, Organisational Resilience, and Enriched Lives. With regular progress review of our near-term science-based targets ("SBTs"), NWD has received verification of its net-zero science-based target by 2050 against a baseline of FY2023 from the Science Based Targets initiative ("SBTi"). Our Decarbonisation Roadmap guides our emissions reduction strategies, enabling us to make significant strides toward the Group's targets through collective effort.
Corporate Governance
From a governance and management perspective, climate resilience remains a strategic imperative for NWD. We initiated detailed asset-level risk analyses for our key projects, such as K11 ECOAST and 83 King Lam Street, enabling us to transform insights into strategic actions, developing targeted resilience measures and fully integrating climate considerations into our future project portfolio.
Stakeholder Engagement and Materiality Assessment
Beyond our own operations, we maintain collaborative relationships with the Government to advance the broader development of green buildings by leveraging our industry expertise. We are proud that our Qianhai CTF Finance Tower has been selected as a pilot project to contribute to the establishment of a new benchmark for green building standards in Qianhai.
We continue to improve our practices to conserve resources. NWD enhances controls to assess the reliability of procuring renewable energy sources, exemplifying our commitment to responsible business practices. To support biodiversity and nature-related conservation, we plan to further strengthen our disclosures in accordance with nature-related reporting standards by conducting risk assessments aligning with recognised methodologies.
Future-Fit Places
Responsible investment remains a core priority for NWD, ensuring that our capital is directed towards projects that deliver both environmental and social benefits. In December 2024, we upgraded our Sustainable Finance Framework, defining clear eligibility criteria for projects.
In support of tenant health and wellbeing, our projects incorporate relevant building concepts designed to deliver measurable benefits. Our commitment to advancing local development and creating thriving communities is also reflected in our community investment programmes, which align with SV2030+.
Organisational Resilience
We extend profound appreciation to our employees, whose expertise and dedication drive these sustainability achievements. We equally value investors, partners, and other stakeholders for their indispensable collaboration. As we continue to evolve our sustainability journey, the Group remains steadfast in deepening partnerships and advancing SV2030+, delivering enduring value for shareholders, communities, and the ecosystems we inhabit.
Sustainability Committee
Enriched Lives
Hong Kong, China, September 2025
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CORPORATE SUSTAINABILITY
MAJOR ACHIEVEMENTS AND ESG HIGHLIGHTSDriving Collective Growth through SV2030+
Corporate Governance
Stakeholder Engagement and Materiality Assessment
Sustainability forms the foundation of our corporate culture, aligning sustainability priorities and aspirations with our business activities. By empowering people to collaborate, innovate, and realise their potential, our sustainability efforts are acknowledged by various ESG ratings.
Global ESG Ratings:
DISCLOSURE INSIGHT ACTION
MSCI1 ESG
Rating of 'BBB'
Rated Low ESG Risk
by Sustainalytics since 2019
4-star rating for Standing Investments Benchmark of Global's Real Estate Sustainability Benchmark ("GRESB") 2024
Achieved a 'B' in CDP Climate Change Assessment 2024
S&P Global's Sustainability Yearbook Member since 2021
Top 15% of real estate industry globally
One of 160 companies to be included in S&P Global's Sustainability Yearbook (China) 2025
Constituent of FTSE4Good Index Series since 2020
Constituent of Hang Seng Corporate Sustainability Index since 2014-2015
Rated AA+
ESG Highlights:
Future-Fit Places
Conducted in-depth asset-level climate risk analyses at K11 ECOAST and 83 King Lam Street to identify further adaptation strategies.
Received approval from SBTi on
our net-zero SBT by 2050.
Organisational
Resilience
Upgraded Sustainable Finance Framework to better guide future fundraising efforts in alignment with sustainability objectives.
Obtained Shenzhen's first office building dual "Excellent" ratings in BEAM Plus EB for Qianhai CTF Finance Tower and contributed to the establishment of Qianhai's
new green building standard.
Enriched Lives
Obtained WELL Health-Safety Rating (WELL HSR) for 100% of Mainland China's regional head offices, ensuring safe and healthy workplaces.
Approved a Group-level Workforce Diversity, Equity and Inclusion Policy to guide and strengthen our DEI
strategy across the organisation.
Signatories and Memberships:
Future-Fit Places
Organisational Resilience
Complementing our memberships, we have obtained accreditation through charters and pledges in the areas of climate change, environmental protection, diversity and inclusion, employment, and supply chain from recognised organisations. For more details on ESG ratings, memberships, charters and sustainability awards, please visit our website.
Enriched Lives
1 THE INCLUSION OF NEW WORLD DEVELOPMENT COMPANY LIMITED IN ANY MSCI INDEX AND THE USE OF THE MSCI LOGO, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DOES NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT OR PROMOTION OF NEW WORLD DEVELOPMENT COMPANY LIMITED BY MSCI OR ITS AFFILIATES. THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI, MSCI AND THE MSCI INDEX NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI OR ITS AFFILIATES.
Annual Report 2025 49
CORPORATE SUSTAINABILITY
CORPORATE GOVERNANCECorporate Governance
Driving Collective Growth through SV2030+
Beyond complying with the HKEX Corporate Governance Code and Listing Rules through monitoring market trends, regulations, and development, NWD's corporate governance structure oversees and manages sustainability matters from board-level committees to management-level group functions and business units ("BUs") in a leadership-driven approach.
BOARD OF DIRECTORS
Audit Committee
Sustainability Committee
Risk Management &
Internal Control
Risk Management Committee
Sustainability Governance
& ESG Risk Management
Group Sustainability Steering Committee
Group Audit and Management
Services Department
Group Sustainability
Department
NWD Departments &
Heads of Business Units
NWD Departments &
Heads of Business Units
Future-Fit Places
Stakeholder Engagement and Materiality Assessment
The Board of Directors is responsible for overseeing and managing the SV2030+ sustainable business approach and key sustainability matters. The Board also delegates operational management responsibilities to five board-level committees. The Board receives regular updates on corporate governance, climate resilience, and sustainable finance matters, including recommendations and international best practices, to inform strategic insights and decision-making. For further details on each committee, please see the 'Corporate Governance Report' section in this Annual Report.
Organisational Resilience
The Sustainability Committee is chaired by one NWD Executive Director and comprises four Independent Non-executive Directors. The Committee oversees sustainability issues, risks, and progress toward targets, supporting the Board in managing the sustainability approach and assessing compliance with relevant policies, procedures, and regulations. The climate topic remains a key focus area for continuous improvement. As a result, NWD has conducted Vulnerability Assessments for over 200 physical assets and locations since FY2024. Please refer to the two asset-level in-depth case studies of our key projects: K11 ECOAST and 83 King Lam Street in the 'Future-Fit Places' section. Looking forward, NWD will complete the remaining Vulnerability Assessments and expand the in-depth asset-level analyses to other assets in our portfolio when needed.
Management supports the Board and the Committee in establishing sustainability governance and achieving the ESG risk management objectives. The Group Sustainability Steering Committee, comprising senior executives from the Group's functions and major BUs, supports and reports to the Board-level Sustainability Committee. By identifying, evaluating, and managing material ESG-related issues, the Steering Committee guides the attainment of ESG-related goals through the practical implementation of sustainability initiatives and performance tracking.
Enriched Lives
The Group Sustainability Department is responsible for implementing relevant Group-wide policies and initiatives that align with our SV2030+ sustainable business approach across major businesses and functions. The Department also coordinates BUs to assess and monitor risks and opportunities for strategic planning, contributing to the development of sustainable properties.
The remuneration of the CEO and employees is performance-based and linked to the Company's profitability, which includes overall sustainability performance and sustainable business growth.
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