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 by 44% 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 by 23% in 2030 as compared to 201923%

KEY HIGHLIGHTS

Sustainability Indexes

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   Hang Seng Climate Change 1.5°C Target Index Constituent
   Hang Seng SCHK SOEs High Dividend Yield ESG Index Constituent

Sustainability Rating

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Four-star rating in 2023

Rated A- in 2023

Rated BB in 2023

Sustainability Finance

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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 XX billion Green Bonds

April XX, 2024

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.

Sustainable supply chains

Strengthening ESG management in the supply chain helps to meet compliance and disclosure requirements, promote lean management and enhance brand value. Yuexiu Property has set up a "Green Supply Chain Working Group" under the ESG Executive Group to identify and respond to ESG risks in the supply chain.

SUSTAINABILITY NEWS

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Environmental, Social and Governance Report

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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