Climate Change Response

In order to enhance risk management and seize development opportunities, Yuexiu Property has earnestly formulated and disclosed its climate risk response strategies, doubled its efforts to manage and respond to climate change risks, and promptly grasped the opportunities brought by climate change.

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.

Yuexiu Property has utilised a climate risk model to analyse the influences of climate risks of the 29 cities where it operates under the scenarios of temperature rises of 1.5°C and 3°C in accordance with international standards and the requirements of the Hong Kong Stock Exchange, and improved climate factors and incorporated them into its strategies and operations.

Analysis of Yuexiu Property’s Ten Categories of Physical Risks Exposure

Chronic physical risks

  • Extreme heat

    Temperature above 30°C and 35°C

    Extreme heat

    Significance of physical risks: 01

  • Extreme cold

    Temperature below 0°C and -10°C

    Extreme cold

    Significance of physical risks: 08

  • Extreme wind

    Wind speeds above 20 m/s and 27 m/s

    Extreme wind

    Significance of physical risks: 09

  • Extreme rainfall

    Rainfall above 2.5 mm/h and 7.6 mm/h

    Extreme rainfall

    Significance of physical risks: 04

  • Extreme snowfall

    Snowfall above 5 cm/day and 20 cm/day

    Extreme snowfall

    Significance of physical risks: 10

Acute physical risks

  • Tropical cyclones

    Once-in-a-century tropical cyclone Wind speed

    Tropical cyclones

    Significance of physical risks: 03

  • Coastal flooding

    Once-in-a-century flood

    Coastal flooding

    Significance of physical risks: 07

  • Fluvial flooding

    Once-in-a-century flood

    Fluvial flooding

    Significance of physical risks: 05

  • River low flow

    River flow below 2.5%

    River low flow

    Significance of physical risks: 06

  • Wildfire

    Probability of fire


    Significance of physical risks: 02

Heat Map of Yuexiu Property’s Physical Risks
Order of significance of physical risks faced by Yuexiu Property (from high to low):
  • Extreme heat
  • Wildfire
  • Tropical cyclones
  • Extreme rainfall
  • Fluvial flooding
  • River low flow
  • Coastal flooding
  • Extreme cold
  • Extreme wind
  • Extreme snowfall
Scenario under 3°C rise
Scenario under 1.5°C rise
Risk data from MSCI
climate risk model
  • 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;

  • Climate Change Response Working Group

    Identify specific climate-related risks and opportunities, and implement stewardship practices;

    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;