Hang Lung Wins String of Awards for its Environmental, Social and Governance Achievements

HONG KONG
SAR – Media
OutReach – 6 January 2022 – Hang Lung Group Limited (Stock Code: 00010)
and Hang Lung Properties Limited (Stock Code: 00101) (collectively, “the Companies” or “Hang Lung”), are pleased to announce that they have
recently garnered a number of awards for their achievements in
the areas of environmental, social and governance (ESG) over the past year.
These awards include:

• The Chamber of Hong Kong Listed Companies and The Centre for Corporate
  Governance and Financial Policy of Hong Kong Baptist University: Corporate
  Governance Excellence Awards – Hang Seng Index Constituent Companies
• The Hong Kong Institute of Certified Public Accountants: Best
  Corporate Governance and ESG Awards – Special Mention for ESG in the Non-Hang
  Seng Index (Medium Market Capitalization) Category
• Hong Kong Economic Times: Excellent ESG Enterprise of 2020-2021
• Social Responsibility Conference (奧納獎): 2021 Top CSR Company
• The 11^th China Charity Festival: 2021 Responsible Brands

Hang Lung Properties receives the Corporate Governance
Excellence Awards – Hang Seng Index Constituent Companies from The Chamber of
Hong Kong Listed Companies and The Centre for Corporate Governance and Financial
Policy of Hong Kong Baptist University

Hang Lung is committed to integrating
sustainability into all aspects of its work, with a particular focus on its
four Priorities of Climate Resilience, Resource Management, Wellbeing and
Sustainable Transactions. In 2021, the Company made significant strides forward
on its journey to becoming one of the most sustainable real estate companies in
the world, underscored by the establishment of its 25 targets to be achieved by
the end of 2025 (“25 x 25 Sustainability Targets“). The Company is also
committed to enriching lives and promoting diversity and inclusion in
communities. Despite the ongoing pandemic situation and under stringent
precautionary measures in 2021, the Hang Lung As One Volunteer Team held over
130 online and physical volunteering activities, with participation from more
than 1,800 volunteers in Hong Kong and 11 projects in nine cities across
mainland China. These activities collectively contributed over 14,500 service
hours and benefited more than 14,800 people in need in Hong Kong and mainland
China. 

In addition to its recent awards, Hang
Lung received a 4-Star performance rating and an A-grade disclosure rating
under GRESB, and was included as a constituent of the FTSE4Good Index Series in
2021. The Company has been listed as an Index Component of the Dow Jones
Sustainability Indices in the Asia Pacific Index since 2017, and was selected
as a constituent of the Hang Seng Corporate Sustainability Index and the Hang
Seng (Mainland and Hong Kong) Corporate Sustainability Index with an “AA-”
rating or above since 2010. Hang Lung has also received a BBB rating by the
MSCI ESG Ratings since 2015 and a low ESG risk rating by Sustainalytics since July
2020.