ANNUAL REPORT 2025 91 SUSTAINABILITY REPORT Reference number Requirement Page, reference or additional comment IFRS S2.36 For each greenhouse gas emissions target disclosed in accordance with paragraphs 33–35, an entity shall disclose: (a) which greenhouse gases are covered by the target Page 70 to 71 (Environment – Key Performance Indicators) (b) whether Scope 1, Scope 2 or Scope 3 greenhouse gas emissions are covered by the target Page 50 to 52 (Energy and Emissions) (c) whether the target is a gross greenhouse gas emissions target or net greenhouse gas emissions target. If the entity discloses a net greenhouse gas emissions target, the entity is also required to separately disclose its associated gross greenhouse gas emissions target (see paragraphs B68–B69) (d) whether the target was derived using a sectoral decarbonisation approach The target was not derived using a sectoral approach but developed based on HPH Trust emissions reduction plans at HIT and YANTIAN. (e) the entity’s planned use of carbon credits to offset greenhouse gas emissions to achieve any net greenhouse gas emissions target. In explaining its planned use of carbon credits the entity shall disclose information including, and with reference to paragraphs B70–B71: (i) the extent to which, and how, achieving any net greenhouse gas emissions target relies on the use of carbon credits Page 50 to 52 (Energy and Emissions) (ii) which third-party scheme(s) will verify or certify the carbon credits (iii) the type of carbon credit, including whether the underlying offset will be naturebased or based on technological carbon removals, and whether the underlying offset is achieved through carbon reduction or removal (iv) any other factors necessary for users of general purpose financial reports to understand the credibility and integrity of the carbon credits the entity plans to use (for example, assumptions regarding the permanence of the carbon offset).
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