Yuexiu Property \nSustainable Development Policy
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SUSTAINABILITY
SUSTAINABILITY
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.
Yuexiu Property takes into full consideration its own strategic planning, core competencies and the interrelationships with SDGs. We actively respond to the 17 SDGs, establish an optimal SDGs strategic structure, and integrate ESG concepts into the Company’s own development strategy. We are committed to operating with a responsible attitude to create sustainable environmental, social, and economic benefits. We continuously enhance our own sustainable development capabilities to become a responsible corporate citizen.
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SUSTAINABILITY GOVERNANCE
The Group has established an Environmental, Social and Governance (ESG) framework
directly led by the Board and imposed supervision on ESG level by level, forming a
whole process from decision-making, communication to implementation.
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DUAL CARBON STRATEGY TARGETS
Public building projects
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 in 2030 as compared to 201944%
Residential projects
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 in 2030 as compared to 201923%
SUSTAINABILITY POLICIES
Sustainable Development Policy Category
Sustainable Supply Chain Policy Category
Yuexiu Property \nSupplier Code of Conduct
Yuexiu Property \nSustainable Procurement Policy
Yuexiu Property \nRelevant Parties Safety Management Rules
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Green and Low-carbon Policy Category
Yuexiu Property \nClimate Change Policy
Yuexiu Property \nMeteorological Disaster Emergency Response Plan
Yuexiu Property \nSustainable Water Resources Policy
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Healthy Residence Policy Category
Yuexiu Property \nSustainable Building Policy
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People-oriented Policy Category
Yuexiu Property \nHealth and Safety Policy
Yuexiu Property \nOccupational Health Management Rules
Yuexiu Property \nProduction Safety Management Approach
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Harmonious Society Policy Category
Yuexiu Property \nCustomer Relationship Management Approach
Yuexiu Property \nDetailed Provisions on Customer Complaint Management
Yuexiu Property \nManagement Rules of Data Security
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Corporate Governance Policy Category
Yuexiu Property \nWhistleblower Policy
Yuexiu Property \nComprehensive Risk Management Approach
Yuexiu Property \nCompliance Management Approach
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KEY HIGHLIGHTS
Sustainability Indexes
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• Hang Seng ESG 50 Index Constituent
• Hang Seng Corporate Sustainability Benchmark Index Constituent
• Hang Seng Climate Change 1.5°C Target Index Constituent
Sustainability Finance
In order to effectively integrate the concept of sustainable development into various dimensions of business development so as to promote ESG works steadily and comprehensively, Yuexiu Property set up a Sustainable Finance Framework for the first time in 2024, which is planned to finance projects, assets and developments in line with Yuexiu Property's sustainability vision and strategy through sustainable financing transactions.
Yuexiu Property successfully issued RMB 1.690 billion Green Bonds
July 05, 2024
“Towards Net Zero”
Yuexiu Healthy House System
In order to carry on the concept of “YES My Life” YES Healthy Living System, Yuexiu Property formally applied the “Healthy House Technology System” in August 2024, focusing deeply on the healthy lifestyles of our customers and meticulously creating good houses and communities that integrate health, comfort, green technology, and smart safety, leading the future of healthy living towards "Net Zero".
Sustainability Badge
To further advance Yuexiu Property's “Towards Net Zero” strategy and enhance corporate sustainability level, the Group has established the “Yuexiu Property Sustainability Badge” commendation measures.
Climate Change Response
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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.
Yuexiu Property publised in April of every year, covers the topics which reflect Yuexiu Property impacts on people, the environment and economy.
2023 Environmental, Social and Governance Report
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Your feedback is valuable to our continuous improvement and we welcome any comments and suggestions regarding our ESG performance, please feel free to contact us:
esg@yuexiuproperty.com