SUSTAINABILITY VISION
Our sustainability vision will continue to influence us to make a sustainable impact on society. We are focused on realising our sustainability vision through our sustainability strategy and management of ESG elements, contributing to climate change response and the achievement of our dual carbon goals, and providing additional support and sustainable examples to the value chain.
We are guided by the Sustainable Development Goals (SDGs) of the United Nations and we integrate the ESG concept into our corporate strategies. We are committed to responsible operations, aiming to create sustainable benefits across environmental, social, and economic aspects. This includes fulfilling our environmental, product, economic, supply chain, employee, and social responsibilities, while continuously improving our own sustainability abilities and striving to be a responsible corporate citizen.
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DUAL CARBON STRATEGY TARGETS
Total carbon emissions of Scope 1 and Scope 2 peak by 2030 and achieve carbon neutrality by 2060
Carbon emission intensity per unit area decreases by 44% in 2030 as compared to 201944%
Total carbon emissions of Scope 1 and Scope 2 peak by 2030 and achieve carbon neutrality by 2060
Carbon emission intensity per unit area decreases by 23% in 2030 as compared to 201923%
SUSTAINABILITY POLICIES
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Sustainable Supply Chain Policy
Yuexiu Property's Supplier Code of Conduct is designed to make the requirements of Yuexiu Property's Supplier Code of Conduct clear to suppliers and to ensure that each incoming supplier focuses on its own management of employee health and safety, environmental management, business ethics and product quality.
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Green and Low-carbon Policy
The Group exposes to environmental risks covering climate change, energy and resources utilization, waste management, biodiversity protection and other key issues. We will formulate strategies to respond to identified key environmental risks relating to our own operations to ensure steady and healthy operation of business.
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Healthy Residence Policy
We actively communicate with our customers and continuously improve the quality of our services through regular customer satisfaction surveys and analysis. We attach great importance to customer rights and interests, emphasizing customer health and safety and fair and responsible marketing, strictly complying with relevant laws and regulations, safeguarding customer privacy and building trust with our customers to achieve a harmonious and win-win situation.
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People-oriented Policy
The Group maintains fairness in the workplace and strives to provide a broad platform for the development of outstanding talents, continuously improving employee satisfaction and dedication. We adhere to our safety mission, vision and values to create a healthy and safe working environment for employees.
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Harmonious Society Policy
We are committed to developing a harmonious and integrated relationship between the enterprise and society, and promoting the common development of the Company and society. We continue to strengthen collaboration with suppliers, building a responsible supply chain, so as to transfer the concept of sustainable development to the upstream and downstream value chains.
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Corporate Governance Policy
The Group strictly complies with relevant national and industry laws and regulations, abides by business ethics and continues to improve its corporate risk management system and related measures to ensure that its business development meets compliance requirements and guarantees sound and compliant corporate operations.
KEY HIGHLIGHTS
Sustainability Indexes
• Hang Seng Climate Change 1.5°C Target Index Constituent
• Hang Seng SCHK SOEs High Dividend Yield ESG Index Constituent
Sustainability Rating
Rated BB in 2023
Four-star rating in 2023
Four-and-a-half-star Rating For 2022 ESG Report
Ranked No.4 in Greater Bay Area SOE ESG Development Index in 2023
Ranked No.32 in China ESG Listed Company Greater Bay Area Pioneer 50 in 2023
Climate Change Response
Yuexiu Property has incorporated climate change management into the responsibilities of the ESG governance structure, in line with the International Financial Reporting Sustainability Disclosure Guidelines No. 2 (IFRS S2)--Climate-related Disclosures, and pushed forward climate change-related work through coordination at all levels. Meanwhile, the Climate Change Response Working Group has been established, and the corresponding countermeasures have been formulated based on the identification and analysis of climate-related risks and opportunities.
SUSTAINABILITY REPORT
Yuexiu Property has issued Social Responsibility Report (CSR) since 2010. In accordance with the Company’s Sustainable Development Strategy, the Report has been renamed to Environmental, Social and Governance Report from 2016.
Your feedback is valuable to our continuous improvement and we welcome any comments and suggestions you may have on this Report or our ESG reporting in general. Please share any comments or suggestions regarding our ESG performance to : esg@yuexiuproperty.com
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