Protecting Ecosystems

We have integrated biodiversity considerations and protection efforts throughout all stages of our business operations and value chain. Our commitment to raising awareness and safeguarding ecosystems is reflected in the incorporation of biodiversity features within our projects.

In support of ecosystem protection, we are proud to be an inaugural Early Adopter of the TNFD. Moreover, we hold a silver membership with the World Wildlife Fund for Nature Hong Kong and have signed significant pledges, including the No Shark Fin Restaurant Pledge and the Earth Hour Pledge. Our dedication to these initiatives underscores our commitment to fostering a sustainable and biodiverse future.

Case Study

Biodiversity Features within CCG Projects

Nina Park

Our dedication to biodiversity conservation is reflected in the diverse plant species and wood fossils on display at Nina Park. The park proudly features six unique wood fossils, each organically shaped into symbols that represent love, celebration, and other essential aspects of life.

With over 30% of its area dedicated to greenery and more than 20 plant species, including rare specimens such as Araucaria cunninghamii and Ginkgo biloba, the park serves as a habitat for a diverse range of flora and fauna. The strategic planting of evergreen species and seasonal flowers attracts pollinators and small wildlife, providing shelter and a vital food source for local butterflies and birds, thereby supporting the ecosystem throughout the year. Nina Park also seamlessly connects to the nearby Tsuen Wan Park and Tsuen Wan Promenade, both of which are rich in biodiversity, creating a green belt that serves as an oasis in the bustling Tsuen Wan area. In addition, Nina Park collaborates with the University of Hong Kong and Lingnan University to conduct an Insect Pollinator Survey, which aims to study the diversity of insect pollinators in urban settings.

Biophilic Designs

We have incorporated biophilic designs in several of our buildings. For example, green walls are integrated in both the Nina Tower in Hong Kong and One New Street Square in London. Additionally, One New Street Square also features 6,300 plants and landscaped terraces, promoting biodiversity by providing habitats for various species.

Case Study

Working with Our Stakeholders in Promoting Biodiversity

We have been collaborating with various stakeholders to promote biodiversity and foster a deeper connection with the natural environment. As part of our initiatives, we supported The Green Earth’s Night Walk and the Green Council’s Green Run 2025, which empower our colleagues to engage with nature firsthand. These events not only encourage participation in outdoor activities but also emphasise the importance of a low-carbon, low-waste lifestyle. By participating in these night walks and runs, our colleagues are embracing sustainable practices and actively promoting greener lifestyles, thereby contributing to our collective efforts to protect and enhance biodiversity in our communities.

Governance on Nature-related Issues

The ESG Steering Committee, chaired by the CEO, is responsible for overseeing the Group’s overall ESG strategies, reviewing and endorsing plans, and monitoring progress. For more details on our ESG governance structure, please refer to the “Setting High Standards of ESG Governance” section. The Group’s commitment to environmental and nature protection is evident through our various policies, including the Climate Change Policy, Sustainability Policy, and Sustainable Procurement Guidelines. Moreover, the Group emphasises ecosystem balance in operations and procurement, assessing suppliers’ adherence to nature-related standards. We have integrated robust governance mechanisms into our supply chain management and are committed to monitoring nature- related impacts through controls and grievance mechanisms. The Group also engages with local stakeholders and hosts Sustainability Conferences to address nature-related issues.

Strategy on Nature-related Issues

At CCG, we recognise that our businesses is deeply intertwined with nature capital, and we are committed to managing our dependencies, impacts, risks, and opportunities related to nature in a responsible and sustainable manner. Our strategy begins with a thorough assessment of our reliance on natural resources, including water, land, and biodiversity, to ensure that our operations are resilient and sustainable. We actively work to minimise our environmental footprint by adopting innovative technologies and practices that reduce resource consumption and waste generation. To mitigate potential risks, we conduct regular environmental impact studies and engage in proactive risk management, which includes developing contingency plans for natural disasters and resource scarcity. We also see significant opportunities in aligning with nature-positive initiatives, such as investing in renewable energy, sustainable supply chains, and urban biodiversity enhancement projects. By fostering a strong relationship with nature, we aim to enhance our long-term business resilience, contribute to the health of ecosystems, and create shared value for our stakeholders and the communities we serve.

Risk & Impact Management on Nature-related Issues

In 2024, we initiated our first TNFD study, aligning with the TNFD framework and adopting the LEAP (Locate, Evaluate, Assess, Prepare) approach. We have embarked on this journey to understand our impacts and dependencies on nature better and to manage the associated risks and opportunities.

Our LEAP Assessment Scope & Framework

Our LEAP assessment encompasses our 62 key assets, including hotels and residences, construction projects, as well as residential, industrial, and commercial properties in Hong Kong. Through the implementation of the LEAP approach, we have identified the locations of our operations and supply chains in critical ecosystems, evaluated our impacts and dependencies on nature, assessed the associated risks and opportunities, and devised strategies to lessen adverse effects and leverage beneficial outcomes. We have conducted stakeholder engagement to gather insights on the actual dependencies and impacts specific to the nature of the Group.

High Nature Impact/ Dependency Area	Protected Area near Assets	Key Biodiversity Area near Assets	Iconic Species
Tung Chung Area	No Protected Area is found within a 1 km buffer distance of our assets; six Protected Areas are found within a 5 km buffer distance.	No Key Biodiversity Area is located within a 1 km buffer distance of our assets. One Key Biodiversity Area is located within a five-km buffer distance. 186 International Union for the Protection of Nature ("IUCN") Red List Species and 31 Critically Endangered Species are found within a 50 km buffer distance.	Chinese Three-striped Box Turtle, Chinese Pangolin, Hawksbill Turtle, Small Persimmon, Steppe Eagle and Romer's Treefrog
Kowloon and New Territories Area	One Protected Area is located within a 1 km buffer distance of our assets, and 11 Protected Areas are situated within a 5 km buffer zone.	One Key Biodiversity Area is found within a 1 km buffer distance of our assets. Two Key Biodiversity Areas are located within a 5 km buffer distance. 183 IUCN Red List Species and 30 Critically Endangered Species are found within a 50 km buffer distance.	Caridina Apodosis, Spoon-billed Sandpiper, Baer's Pochard and Yellow-breasted Bunting
Hong Kong Island Area	One Protected Area is located within a 1 km buffer zone of our assets, and seven Protected Areas are located within a 5 km buffer zone.	One asset is located within a Key Biodiversity Area. One Key Biodiversity Area is found within a 5 km buffer distance. 184 IUCN Red List Species and 30 Critically Endangered Species are found within a 50 km buffer distance.	Wintry Starworm, Yellow Pond Turtle, King Horseshoe Bat and Indotyphlops lazuli (Hong Kong blind snake)

High Nature Impact/
Dependency Area

Tung Chung Area

Protected Area near Assets

No Protected Area is found within a 1 km buffer distance of our assets; six Protected Areas are found within a 5 km buffer distance.

Key Biodiversity Area near Assets

No Key Biodiversity Area is located within a 1 km buffer distance of our assets. One Key Biodiversity Area is located within a five-km buffer distance.

186 International Union for the Protection of Nature ("IUCN") Red List Species and 31 Critically Endangered Species are found within a 50 km buffer distance.

Iconic Species

Chinese Three-striped Box Turtle, Chinese Pangolin, Hawksbill Turtle, Small Persimmon, Steppe Eagle and Romer's Treefrog

Kowloon and New Territories Area

Protected Area near Assets

One Protected Area is located within a 1 km buffer distance of our assets, and 11 Protected Areas are situated within a 5 km buffer zone.

Key Biodiversity Area near Assets

One Key Biodiversity Area is found within a 1 km buffer distance of our assets. Two Key Biodiversity Areas are located within a 5 km buffer distance.

183 IUCN Red List Species and 30 Critically Endangered Species are found within a 50 km buffer distance.

Iconic Species

Caridina Apodosis, Spoon-billed Sandpiper, Baer's Pochard and Yellow-breasted Bunting

Hong Kong Island Area

Protected Area near Assets

One Protected Area is located within a 1 km buffer zone of our assets, and seven Protected Areas are located within a 5 km buffer zone.

Key Biodiversity Area near Assets

One asset is located within a Key Biodiversity Area. One Key Biodiversity Area is found within a 5 km buffer distance.

184 IUCN Red List Species and 30 Critically Endangered Species are found within a 50 km buffer distance.

Iconic Species

Wintry Starworm, Yellow Pond Turtle, King Horseshoe Bat and Indotyphlops lazuli (Hong Kong blind snake)

Based on the above results obtained from the study, our construction activities and operations will not significantly overlap with critical habitats or negatively impact ecosystem health. Additionally, habitats are situated at least 1 km from the assets thereby preventing direct and indirect disturbances to local ecosystems.

Locate

In the Locate phase, we examined the geographical distribution of our operations and their interactions with the natural surroundings. The aim was to pinpoint priority zones where these interactions could yield substantial risks or opportunities to guide our decision- making processes. Our prioritisation was based on the proximity of operational sites to areas of significant biodiversity value (e.g., IUCN Red List) through the utilisation of tools such as the Integrated Biodiversity Assessment Tool (“IBAT”), the World Wide Fund for Nature Hong Kong (“WWF”) Risk Filter, and comprehensive desktop research. In conducting the location-based analysis, we have shortlisted 23 sites that are near crucial biodiversity areas. We have conducted an assessment to identify the impacts and propose potential mitigation strategies.

Evaluate

To assess the dependencies and impacts related to nature throughout the real estate value chain, we have conducted an in-depth analysis. This evaluation offers a comprehensive view of the interactions between each aspect of the value chain and natural ecosystems, highlighting notable areas of concern and opportunities for improvement. By utilising the ENCORE (Exploring Natural Capital Opportunities, Risks, and Exposure) database, as recommended by the TNFD, along with insights from stakeholder engagement, we have identified the top five nature dependency and impact topics within our value chain.

Assess & Prepare

The LEAP approach recommends that, for better integration of nature-related considerations in businesses, a company should identify and prioritise the nature- associated risks and opportunities associated with the most significant impacts and dependencies highlighted during the initial “Locate” and “Evaluate” phases. The Group has acknowledged the nature-related physical and transition risks and opportunities that could influence our operations, outlined in the table presented below.

Physical Risks

Risks	Potential Impacts	Risk Mitigation
Biodiversity Loss: Construction activities near protected areas and key biodiversity zones can have a negative impact on local biodiversity	Increased costs for biodiversity mitigation measures (e.g. flood barriers, enhanced site management) Potential delays in project timelines due to stricter environmental regulations	Implement monitoring and reporting mechanisms for construction activities
Resource Scarcity: Supply chain disruptions for essential raw materials due to resource scarcity and ecosystem degradation	Project delays due to the unavailability of materials Raw materials extracted from ecologically sensitive areas may incur additional costs to comply with regulations	Diversify suppliers to reduce dependency on single sources Enforce compliance with the Supplier Code of Conduct ("SCOC"), prioritising suppliers with certified sustainable practices Optimise resource efficiency by adopting efficient construction practices to minimise consumption, such as the MiC method at ECHO HOUSE
Natural Disasters: Ecosystem degradation may reduce natural barriers, increasing vulnerability to natural disasters	Increased costs for disaster recovery and infrastructure repairs Potential damage to property and business continuity	Ensure all new major development projects achieve the second-highest sustainable building assessment scheme rating (such as BEAM Plus, LEED and WELL certifications) Integrate climate-resilient infrastructure (e.g. flood barriers) and biophilic design (e.g. green roofs) in new development projects Collaborate and support institutions and NGOs to conserve and protect biodiversity, such as partnering with The Green Earth to organise beach and trail clean-ups and supporting The University of Hong Kong and Lingnan University in conducting an Insect Pollinator Survey at Nina Park
Pollution: Air and noise pollution from construction activities may harm local ecosystems and communities	Increased health and safety costs, potential legal claims, and fines Negative community relations and opposition to future projects	Use low-emission and quieter construction methods, such as the adoption of electric-powered construction equipment, MiC and MiMEP methods

Risks

Biodiversity Loss: Construction activities near protected areas and key biodiversity zones can have a negative impact on local biodiversity

Potential Impacts

Increased costs for biodiversity mitigation measures (e.g. flood barriers, enhanced site management)
Potential delays in project timelines due to stricter environmental regulations

Risk Mitigation

Implement monitoring and reporting mechanisms for construction activities

Resource Scarcity: Supply chain disruptions for essential raw materials due to resource scarcity and ecosystem degradation

Potential Impacts

Project delays due to the unavailability of materials
Raw materials extracted from ecologically sensitive areas may incur additional costs to comply with regulations

Risk Mitigation

Diversify suppliers to reduce dependency on single sources
Enforce compliance with the Supplier Code of Conduct ("SCOC"), prioritising suppliers with certified sustainable practices
Optimise resource efficiency by adopting efficient construction practices to minimise consumption, such as the MiC method at ECHO HOUSE

Natural Disasters: Ecosystem degradation may reduce natural barriers, increasing vulnerability to natural disasters

Potential Impacts

Increased costs for disaster recovery and infrastructure repairs
Potential damage to property and business continuity

Risk Mitigation

Ensure all new major development projects achieve the second-highest sustainable building assessment scheme rating (such as BEAM Plus, LEED and WELL certifications)
Integrate climate-resilient infrastructure (e.g. flood barriers) and biophilic design (e.g. green roofs) in new development projects
Collaborate and support institutions and NGOs to conserve and protect biodiversity, such as partnering with The Green Earth to organise beach and trail clean-ups and supporting The University of Hong Kong and Lingnan University in conducting an Insect Pollinator Survey at Nina Park

Pollution: Air and noise pollution from construction activities may harm local ecosystems and communities

Potential Impacts

Increased health and safety costs, potential legal claims, and fines
Negative community relations and opposition to future projects

Risk Mitigation

Use low-emission and quieter construction methods, such as the adoption of electric-powered construction equipment, MiC and MiMEP methods

Transition Risks

Risks	Potential Impacts	Risk Mitigation
Policy & Regulatory: Stricter regulations on biodiversity, land use, and environmental impact assessments ("EIAs")	Increased compliance costs and potential project delays Risk of fines and legal repercussions for noncompliance	Proactively monitor and align with emerging policies and regulations Participant in industry coalitions (e.g. policy groups of HKGBC, Business Environment Council ("BEC") and Hong Kong Green Finance Association ("HKGFA") to advocate for balanced regulations Conduct regular training on environmental compliance
Market Risks: Fluctuating prices of alternative construction materials	Budget unpredictability and potential delays in project schedules Risk of reduced competitiveness if sustainable materials are not prioritised	Build strategic partnerships with certified sustainable suppliers Incubate and invest in R&D for innovative, low-environmental-impact solutions (e.g. "CCG Accel – Powered by HKSTP" accelerator programme and partnering with the Nano and Advanced Materials Institute ("NAMI") to green building technology)
Reputational: Increased public scrutiny and awareness of biodiversity and sustainability issues	Potential decline in revenue and customer trust Increased costs for marketing and public relations efforts	Disclose nature-related performance annually via TNFD-aligned reports Engage with stakeholders through different channels (e.g. focus groups and surveys, allowing stakeholders to report environmental concerns and feedback)
Technological: Growing market preference for alternative construction materials with lower environmental and biodiversity impacts	Higher procurement costs for sustainable materials Lagging behind industry innovation curves	Incubate and invest in R&D for innovative, low-environmental-impact solutions (e.g. "CCG Accel – Powered by HKSTP" accelerator programme and partnering with NAMI to green building technology)
Liability: Potential liability arising from non-compliance with environmental regulations or damage caused by the Group's activities	Legal costs and potential fines for regulatory breaches or environmental harm claims Restoration costs to remediate damaged ecosystems Long-term reputational damage leading to decreased customer trust and loss of business opportunities	Establish a robust compliance framework to ensure adherence to environmental regulations Implement monitoring and reporting mechanisms for construction activities Engage with stakeholders through different channels (e.g. focus groups and surveys allowing stakeholders to report environmental concerns and feedback)

Risks

Policy & Regulatory: Stricter regulations on biodiversity, land use, and environmental impact assessments ("EIAs")

Potential Impacts

Increased compliance costs and potential project delays
Risk of fines and legal repercussions for noncompliance

Risk Mitigation

Proactively monitor and align with emerging policies and regulations
Participant in industry coalitions (e.g. policy groups of HKGBC, Business Environment Council ("BEC") and Hong Kong Green Finance Association ("HKGFA") to advocate for balanced regulations
Conduct regular training on environmental compliance

Market Risks: Fluctuating prices of alternative construction materials

Potential Impacts

Budget unpredictability and potential delays in project schedules
Risk of reduced competitiveness if sustainable materials are not prioritised

Risk Mitigation

Build strategic partnerships with certified sustainable suppliers
Incubate and invest in R&D for innovative, low-environmental-impact solutions (e.g. "CCG Accel – Powered by HKSTP" accelerator programme and partnering with the Nano and Advanced Materials Institute ("NAMI") to green building technology)

Reputational: Increased public scrutiny and awareness of biodiversity and sustainability issues

Potential Impacts

Potential decline in revenue and customer trust
Increased costs for marketing and public relations efforts

Risk Mitigation

Disclose nature-related performance annually via TNFD-aligned reports
Engage with stakeholders through different channels (e.g. focus groups and surveys, allowing stakeholders to report environmental concerns and feedback)

Technological: Growing market preference for alternative construction materials with lower environmental and biodiversity impacts

Potential Impacts

Higher procurement costs for sustainable materials
Lagging behind industry innovation curves

Risk Mitigation

Incubate and invest in R&D for innovative, low-environmental-impact solutions (e.g. "CCG Accel – Powered by HKSTP" accelerator programme and partnering with NAMI to green building technology)

Liability: Potential liability arising from non-compliance with environmental regulations or damage caused by the Group's activities

Potential Impacts

Legal costs and potential fines for regulatory breaches or environmental harm claims
Restoration costs to remediate damaged ecosystems
Long-term reputational damage leading to decreased customer trust and loss of business opportunities

Risk Mitigation

Establish a robust compliance framework to ensure adherence to environmental regulations
Implement monitoring and reporting mechanisms for construction activities
Engage with stakeholders through different channels (e.g. focus groups and surveys allowing stakeholders to report environmental concerns and feedback)

Opportunities

Opportunities	Potential Impacts	Opportunity Management
Sustainable Buildings & Certifications	Growing demand for sustainable-certified properties in Hong Kong's competitive market Higher rental premiums and enhanced tenant retention due to sustainable-focused designs (e.g., BEAM Plus and WELL certifications) Enhanced market positioning as a leader in sustainability	Integrate biophilic design elements (e.g., green walls at Nina Tower) and blue-green infrastructure (e.g., rainwater harvesting at Nina Park) to enhance sustainability and biodiversity Ensure all new major development projects achieve at least the second-highest ratings in sustainable building assessment schemes (such as BEAM Plus, LEED and WELL certifications)
Resource Efficiency & Circular Economy	Cost savings achieved through reduced material waste and energy/water consumption Regulatory compliance advantages with Hong Kong's tightened waste disposal regulations	Adopt MiC at ECHO HOUSE and recycled materials (e.g., applying materials with 96% recycled content in Shun Fook Barn) to reduce construction waste Install net-zero carbon chillers at Nina Tower and LED lighting/water-saving fixtures across hotels Establish effective and proper sorting and recycling practices for waste generated at construction sites
Eco-Tourism & Community Engagement	New revenue streams through biodiversity-focused offerings and activities Strengthened community relations and loyalty fostered through educational initiatives	Explore opportunities for eco-tours and workshops at Nina Park, highlighting the importance of pollinator habitats Partner with the Green Earth to organise beach and trail clean-ups
Innovation & Partnerships	First-mover advantage gained by adopting cutting-edge sustainable technologies Improved access to sustainable financing for TNFD-aligned projects	Incubate and invest in R&D for innovative and low-impact solutions (e.g. "CCG Accel – Powered by HKSTP" accelerator programme and partnering with NAMI to enhance green building technology) Participate in policy groups, including the HKGBC, the BEC and HKGFA, to shape future regulations
Reputation & ESG Leadership	Aligning with international guidelines (e.g., TNFD recommendations) to improve ESG ratings and overall market evaluation	Publish TNFD-aligned disclosure with third-party verification Highlight biodiversity efforts (e.g., pollinator habitats at Nina Park) in marketing campaigns

Opportunities

Sustainable Buildings & Certifications

Potential Impacts

Growing demand for sustainable-certified properties in Hong Kong's competitive market
Higher rental premiums and enhanced tenant retention due to sustainable-focused designs (e.g., BEAM Plus and WELL certifications)
Enhanced market positioning as a leader in sustainability

Opportunity Management

Integrate biophilic design elements (e.g., green walls at Nina Tower) and blue-green infrastructure (e.g., rainwater harvesting at Nina Park) to enhance sustainability and biodiversity
Ensure all new major development projects achieve at least the second-highest ratings in sustainable building assessment schemes (such as BEAM Plus, LEED and WELL certifications)

Resource Efficiency & Circular Economy

Potential Impacts

Cost savings achieved through reduced material waste and energy/water consumption
Regulatory compliance advantages with Hong Kong's tightened waste disposal regulations

Opportunity Management

Adopt MiC at ECHO HOUSE and recycled materials (e.g., applying materials with 96% recycled content in Shun Fook Barn) to reduce construction waste
Install net-zero carbon chillers at Nina Tower and LED lighting/water-saving fixtures across hotels
Establish effective and proper sorting and recycling practices for waste generated at construction sites

Eco-Tourism & Community Engagement

Potential Impacts

New revenue streams through biodiversity-focused offerings and activities
Strengthened community relations and loyalty fostered through educational initiatives

Opportunity Management

Explore opportunities for eco-tours and workshops at Nina Park, highlighting the importance of pollinator habitats
Partner with the Green Earth to organise beach and trail clean-ups

Innovation & Partnerships

Potential Impacts

First-mover advantage gained by adopting cutting-edge sustainable technologies
Improved access to sustainable financing for TNFD-aligned projects

Opportunity Management

Incubate and invest in R&D for innovative and low-impact solutions (e.g. "CCG Accel – Powered by HKSTP" accelerator programme and partnering with NAMI to enhance green building technology)
Participate in policy groups, including the HKGBC, the BEC and HKGFA, to shape future regulations

Reputation & ESG Leadership

Potential Impacts

Aligning with international guidelines (e.g., TNFD recommendations) to improve ESG ratings and overall market evaluation

Opportunity Management

Publish TNFD-aligned disclosure with third-party verification
Highlight biodiversity efforts (e.g., pollinator habitats at Nina Park) in marketing campaigns

Metrics & Targets

To effectively monitor and track nature-related performance, CCG is currently identifying and gathering relevant metrics. The selection of the metrics outlined below addresses the identified nature-related risks and opportunities:

Spatial Footprint	Resources	Engagement Workshop
% of controlled/managed surface area for which the biodiversity factor has been assessed Extent of land/freshwater/ocean ecosystem use change	Water Total wastewater discharged Total reclaimed water Number of water pollution incidents Plastics Total plastic packaging material used	Number of engagement workshops that have discussed biodiversity-related matters

Spatial Footprint

Resources

Engagement Workshop

% of controlled/managed surface area for which the biodiversity factor has been assessed
Extent of land/freshwater/ocean ecosystem use change

Water

Total wastewater discharged
Total reclaimed water
Number of water pollution incidents

Plastics

Total plastic packaging material used

Number of engagement workshops that have discussed biodiversity-related matters

CCG will take steps to collect accurate and reliable data for the identified metrics. Targets will be established for both the short and long term concerning key metrics that reflect the significant nature-related dependency and impact, ensuring effective linkage with the Group’s overall strategy.

During the reporting year, CCG has not violated any nature-related laws or regulations, nor has it incurred any fines or penalties.

Summary

CCG leverages its deep roots in real estate to lead the way in green building development, integrating innovation and sustainable practices across its portfolio. Beyond incorporating environmentally conscious features and cuttingedge technologies in new developments, CCG has implemented a wide range of energy-efficiency measures in existing buildings. These initiatives, such as replacing chiller plants, installing LED lighting and occupancy sensors, have contributed to a reduction in carbon and energy intensity in FY2024/25. Through our collective efforts, CCG achieved a 27.7% reduction in operational carbon intensity in 2024 compared to the 2020 baseline.

Complemented by strong stakeholder partnerships through our Green Tenant Engagement Programme, CCG continues to accelerate its decarbonisation journey, driving meaningful progress toward a low-carbon future.

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