2023 Sustainability Performance Highlights
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, HPH Trust conducted a comprehensive materiality assessment through engagement with external and internal stakeholders. 23 Material Sustainability Topics were identified, with a follow-up peer benchmarking review in 2022.
In 2023, through the materiality review exercise, the Material Sustainability Topics were streamlined and retitled to 17 topics, grouping them into 12 "Material Topics" and five "Relevant Topics" and also mapped to the United Nations Sustainable Development Goals (“SDGs”).
For Climate Change, progressive disclosures are also made with reference to the Task Force on Climate-related Financial Disclosures (TCFD) framework, with full implementation of TCFD framework expected for the financial year ending 31 December 2024. 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.
The chart below summarises the Material Sustainability Topics. It also illustrates how these are particular areas of concern for specific stakeholders.
Photo Highlights
