On August 29th, the International Data Corporation (IDC) officially released the 2024 IDC China Sustainable Development Pioneer Case. With its forward-looking exploration and in-depth practice in digital transformation, Yuexiu Property's Commercial Smart Building Energy Management Platform project has received unanimous praise from the judges, standing out from more than 500 participating cases and successfully winning the 2024 IDC Sustainable Development Pioneer Case (ESG30) as one of the 10 selected cases, further demonstrating the company's practical achievements in the field of sustainable development.
As a forward-looking, public, and international award in the field of information technology, the IDC Sustainable Development Pioneer Case aims to recognize organizations that commit to sustainable development in their business, bring beneficial long-term impacts to stakeholders through sustainable development, and bring innovation to the markets they serve.
The Yuexiu Property Commercial Smart Building Energy Management Platform, which won this award, serves as the "smart brain" for building information exchange and centralized management. With a focus on safety, doubled efficiency, and energy conservation, it integrates advanced technologies such as the Internet of Things, big data, and AI to transform building management from a single security monitoring mode to a "4+N" multi-dimensional digital management mode centered on smart operation and maintenance, smart security, smart energy, and smart services, helping to achieve refined operation and sustainable development of Super Grade A office buildings.
The smart building energy management platform was launched as a pilot application at Guangzhou International Financial Center in 2022. During the construction process, it has overcome multiple challenges such as large project management area, multiple equipment and complex spatial relationships. Through the comprehensive use of full-cycle energy management, automatic equipment inspection, standardized operation management and other means, it has reduced carbon emission intensity and energy consumption costs. At present, the energy management platform has been promoted and applied in 7 commercial projects of Yuexiu Property, with a cumulative energy-saving potential of 3.43 million kW·h, reducing the comprehensive energy consumption cost of buildings by about 5%, and achieving positive guidance for the development of building quality.
Yuexiu Property implements the concept of sustainable development and continues to promote ESG digital empowerment. As an important form of ESG practice, Yuexiu Property focuses on creating "smart spaces" for residential, commercial, and other formats, using digital technology to create green, low-carbon, and healthy living and business experiences. While improving customer satisfaction, it reduces carbon footprint and achieves environmentally friendly operations. This year, the Commercial Smart Building Energy Management Platform has achieved comprehensive data integration with Yuexiu Property's ESG management system. By integrating energy management into the company's daily ESG management through a digital platform, it assists in monitoring and managing the energy consumption of commercial projects. Through detailed and in-depth energy consumption data analysis and optimization suggestions, reliable data support has been provided for the company to further explore the potential of energy conservation and cost reduction, and create green buildings, further consolidating the foundation of sustainable development.
In recent years, Yuexiu Property has continuously deepened and improved its ESG management system, and its ESG performance has continued to improve. In 2024, it was successfully included as a constituent stock in the "Hang Seng ESG 50 Index" and "Hang Seng Corporate Sustainability Benchmark Index", and has been selected for two consecutive years in the "Greater Bay Area State-owned Enterprises ESG Development Index" and "China ESG Listed Company Greater Bay Area Pioneer 50". In the future, Yuexiu Property will continue to adhere to the concept of sustainable development, continuously enhance the company's ESG digital development level, innovate and create more ESG digital technologies to empower ESG management, and drive high-quality development and green transformation in the real estate industry.