Tackle Climate Change

From the perspective of strengthening risk management and grasping development opportunities, Yuexiu Property has actively formulated and disclosed its climate risk response strategy to enhance its ability to manage and tackle climate change risks and seize the opportunities brought by climate change.

In light of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), Yuexiu Property has incorporated climate change management into the responsibilities of the ESG governance framework and promoted climate change-related work through coordination at all levels. Yuexiu Property has established a TCFD working group, and has identified and analysed climate-related risks and opportunities, and prepared corresponding solutions.

  • Board of Directors

    Responsible for the leadership and decision-making on strategic directions related to tackling climate change;

    Regularly hear and review the climate-related work reported by the ESG Committee;

    Empowering the ESG Committee to provide oversight of climate-related work;

  • ESG Committee

    Develop and review climate-related strategies;

    Develop key targets for climate-related risks and regularly review performance and report to the Board;

    Supervise the progress of climate management efforts;

  • ESG Leadership Group

    Coordinate and arrange climate-related risk mechanism and work mechanism;

    Take charge of overall implementation of climate-related strategies and targets;

    Assessing specific climate-related risks and opportunities;

    Supervise the implementation of climate-related risk and opportunity management;

    Review climate-related risk management performance and report to the ESG Committee;

  • ESG Executive Group

    Coordinate the implementation of specific climate-related risk and opportunity management tasks across departments and assist in resolving implementation issues;

    Timely feedback to superiors on climate-related work;

  • TCFD Working Group

    Identify specific climate-related risks and opportunities;

    Information collection and reporting, report the latest information on tackling climate change;

    Responsible for disclosing climate-related information in ESG reports and confirming the accuracy of climate information and data;

    Timely feedback on the achievement of climate risk-related performance indicators;