Report Scope and Approach

We have been reporting on our environmental performance since 1999/2000. We expanded the scope to include health and safety performance last year when we published our first environmental, health and safety (EHS) report. This year, in our second EHS Report, “Sustainable Housing: Today and Tomorrow”, we focus on our EHS performance and initiatives. For the first time in our reporting, we have highlighted the neighbourhood development aspects of our activities. These include the provision of community facilities in all our estates to encourage social cohesion and ultimately assist in the development of a vibrant neighbourhood. The report timeframe is from 1 April 2004 to 31 March 2005 unless otherwise specified.

In line with international reporting best practices, we have, in preparing this report, made reference to:

• the Global Reporting Initiative’s Sustainability Reporting Guidelines;
• the Association of Chartered Certified Accountants’ reporting criteria; and
• the Environmental Protection Department’s benchmark for environmental performance reports.

We understand the vital importance of partnering with the community as a basis for identifying and advancing sustainable development initiatives. As such, this report is prepared with all our stakeholders in mind. They are:

Comments on our EHS Report 2003/04 from stakeholders and the verifier were also reviewed and addressed where appropriate as part of the reporting process. The feedback is summarized in Annex A. As readers comments form an important chain in our reporting process, we once again earnestly invite your feedback on this year’s report.

Report Reading Guide

Building on our previous EHS report, this expanded report includes social information as well as key information relating to our operations, vision, policies, management governance and future objectives and targets.
The Reading Guide below illustrates the report structure and summarizes our EHS initiatives and performance.