Climate Change Data

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Employee Well-being
• Responsible Procurement
• Reform of State-owned Enterprises
• Greater Bay Area Development
• Green Operation
• Emergency Support
• Community Welfare
• Industrial Upgrade
• Rural Revitalization
• Servicing Public Life
• Low-carbon Operation
• Green Products
• Environmental Protection

Environmental Achievements

• Yuexiu Property won the Green Development Award for Six Indicators Evaluation of Chinese real estate-listed companies; Flagship Milk obtained Intertek’s Carbon Footprint certificates for 9 consecutive years (2013-2021); Guangzhou Paper Group became a certified company of China Environmental Labeling (Type II) products, and has been awarded the “Guangzhou Cleaner Producer” title by the Guangzhou Municipal Industry and Information Technology Bureau and Guangzhou Municipal Ecology and Environment Bureau for 12 consecutive years.
• Guangzhou Paper Group reported 0.45 mg/L ammonia nitrogen discharged in wastewater pollutants, down by 33%, and 23.06 mg/L COD discharged in wastewater pollutants, down by 15% and lower than the national standard discharge concentration of 60 mg/L.
• Yuexiu Property obtained 16 new green building certifications throughout the year with a total certified area of over 2.34 million m2 up by 58.3% from 2020

Social Achievements

• Yuexiu Group won 2021 China’s Best Employer of the Year by Zhaopin and 2021 China’s Best Employer in Real Estate by EH Consulting.
• Yuexiu Group recruited over 10,000 persons, a record high, throughout the year, up by 69% over the previous year
• Yuexiu Charity Foundation had donated over RMB 59 million.

Governance Achievements

• The Group was selected as a “Double Hundred Enterprise” for the reform of SOEs by the SASAC of the State Council.
• The Group advanced in depth the Three-Year Action for the Reform of SOEs by fully carrying out key reform tasks such as digital transformation, tenure system, and contractual management.
• Yuexiu Services, the first property management company of Guangzhou’s state-owned assets listed in Hong Kong, was included in HSPSM as a constituent stock in the first year of listing

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic
• Complex domestic and international situations
• Ever-changing industry environment
• Fierce market competition

Mitigation Strategies

• Coordinated epidemic prevention and business operations
• Deepening the reform of state-owned enterprises
• Optimizing the industrial layout
• Strengthening operation controls
• Improving the market-oriented operation mechanism

Supply Chain Management

Responsible Procurement

• Developing procurement management-related systems and processes at all levels, to strictly review supplier qualifications, optimize supplier evaluation indicators, improve the hierarchical evaluation method, implement the hierarchical classification management of suppliers, and achieve transparent and fair purchasing.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Standards (GRI Standards), The Guide to Reporting on Corporate Social Responsibility in China (CASSCSR4.0)

Sustainable Products & Innovation

• Green buildings
• Green finance products
• Leak-resistant paper bags

Awards & Recognition

• 299th in the 2021 list of Top 500 Chinese Enterprises
• 12th in the 2021 list of Top 100 Multinational Companies in China
• Five-star Charitable Organization in the 2021 Guangzhou Charity List
• Zhaopin 2021 China’s Best Employer of the Year
• Nanfang Media·Brand Enterprise of the Year Award