Core Values

The core values of HPH Trust revolve around the concept of UNITY, reflecting a commitment to excellence, integrity and strong partnerships. In particular, HPH Trust commits to a sustainable future.

Board Statement

Committed to sustainability, the Board of HPH Trust incorporates sustainability factors into its decision-making and strategy formulation. With overall responsibility for the sustainable development of the Trust, the Board regularly reviews and evaluates the relevance and importance of material sustainability topics (“Material Sustainability Topics”). It ensures accountability and oversees the management and monitoring of the Material Sustainability Topics. It also evaluates the performance of the Trust in relation to sustainability.

Managing Sustainability

HPH Trust grouped the Material Sustainability Topics into four pillars: Responsible Business, Environment, Our People, and Safety and Security.

In 2021, the Trust conducted a materiality assessment through external and internal stakeholder engagements, as well as an industry landscape review, to evaluate the Material Sustainability Topics relevant to the business. Subsequently, including in 2024, the Trust has conducted annual reassessments of these Material Sustainability Topics through desktop research and benchmarking exercises. The latest review confirmed that the previous list of 17 Material Sustainability Topics remains relevant to HPH Trust’s present circumstances.

For Climate Change, the Trust’s approach is aligned with the four pillars recommended by the Task Force on Climate-related Financial Disclosures (TCFD), leveraging them to analyse and disclose the risks and opportunities that climate change presents to HPH Trust’s businesses. In 2023, climate risk and opportunities ("R&O") assessment has been conducted in accordance with TCFD recommendations, and six key R&Os have been identified. In 2024, a climate scenario analysis was conducted in accordance with the TCFD framework, quantifying the impacts of climate related risks and opportunities. The Trust is also preparing for the alignment with the IFRS Sustainability Reporting Disclosure Standards for the coming year’s reporting.

The chart below summarises the Material Sustainability Topics. It also illustrates how these are particular areas of concern for specific stakeholders.

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