Gemdale Properties and Investment Corporation Limited
Climate Impact & Sustainability Data (2020, 2022)
Reporting Period: 2020
Environmental Metrics
Total Carbon Emissions:1,189.44 tCO2e/year
Scope 1 Emissions:69.88 tCO2e/year
Scope 2 Emissions:1,119.56 tCO2e/year
Renewable Energy Share:2.5%
Total Energy Consumption:1,887,100 MWh/year
Water Consumption:33,305 m3/year
Waste Generated:1.84 tons/year
Carbon Intensity:0.39 tonnes of CO2e per employee
ESG Focus Areas
- Operation principle
- People-oriented
- Care for the environment
Environmental Achievements
- Green construction area in total 1,019m²
- Reduction in paper consumed per last year Over 40%
- Reduction in petroleum utilised per last year Over 30%
Social Achievements
- Customer satisfaction Over 98%
- Pandemic-related donation in 2020 RMB 10 million
- Staff trainings in 2020 11.6 hrs/person
Governance Achievements
- Established an ESG working group
Climate Goals & Targets
Environmental Challenges
- COVID-19 pandemic impact
- Tightening of macro-economic policies in the PRC
- Sharp changes in market competition
Mitigation Strategies
- Developed risk response strategies using quantitative and qualitative methods
- Reduced industry and market competition risks through various strategies (e.g., business combination, government cooperation, brand strategy)
- Implemented five-level prevention and control mechanism for resumption of work at Shenzhen plant
Supply Chain Management
Supplier Audits: 596 suppliers in 2020
Responsible Procurement
- Supplier selection system (supplier investigation, selection, bidding, supervision, evaluation)
- Green procurement
- Preference for local suppliers
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather (e.g., typhoons)
Reporting Standards
Frameworks Used: ESG Reporting Guide (Appendix 27 to the Main Board Listing Rules of The Hong Kong Exchanges and Clearing Limited)
Certifications: ISO14001, ISO22301, ISO27001, LEED-EB4.0 Platinum Certification (Beijing Gemdale Plaza)
Awards & Recognition
- Top 50 of Operators in Industrial Park in China
- Excellent Brand of Operators in Industrial Park in China
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:738.00 tonnes CO2e
Scope 1 Emissions:104.57 tonnes CO2e
Scope 2 Emissions:634.43 tonnes CO2e
Total Energy Consumption:1,179,300 kWh
Water Consumption:29,966 m3
Waste Generated:1,819.2 kg (paper and plastic bottles)
Carbon Intensity:0.23 tonnes CO2e per employee (2022)
ESG Focus Areas
- Environmental Protection
- Employee Well-being
- Corporate Social Responsibility
- Supply Chain Management
- Anti-corruption
Environmental Achievements
- Reduced power consumption intensity by 28%
- Reduced greenhouse gas emissions intensity by 30%
- Green construction area of 1,847,000 sqm
- Over 87% green building certification
Social Achievements
- Launched various employee wellbeing initiatives including annual dinners, festival celebrations, company trips, family day, staff birthday parties, group companies festival walking events, sports associations and company food festivals.
- Provided 8,000 budget housings through long-term rental apartment projects.
- Conducted 9 sessions of integrity training for nearly 2,500 employees.
Governance Achievements
- Established an ESG working group.
- Implemented a ‘red and yellow cards’ warning mechanism for quality and safety issues.
- Established clear whistle-blowing mechanisms and channels, including a 24-hour hotline.
Climate Goals & Targets
Medium-term Goals:
- Reduce non-hazardous waste intensity by 8% by 2030.
- Reduce petroleum usage intensity by 4% by 2030.
- Reduce electricity consumption intensity by 15% by 2030.
- Reduce water consumption intensity by 13% by 2030.
Environmental Challenges
- Supply chain disruptions due to the COVID-19 pandemic (Shanghai lockdown)
- Unfavorable real estate market conditions in 2022 leading to increased turnover in the 30-39 age group.
Mitigation Strategies
- Implemented dynamic prevention and control measures for COVID-19, including staggered working hours, shift work, and work from home.
- Controlled and optimized staffing through job transfer, rotation, and strict control of new recruits.
- Developed alternative sourcing strategies for supply chain management.
Supply Chain Management
Supplier Audits: 607 suppliers in 2022 (614 in 2021)
Responsible Procurement
- Supplier management system with on-site inspections and selection criteria.
- Preference for local suppliers to reduce transportation emissions.
- Requirement for suppliers to comply with national regulations on environmental protection and labor standards.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events (typhoons, floods)
Transition Risks
- Government regulations on energy efficiency and pollution control
- Market demand for green buildings
Opportunities
- Development of green buildings and energy-efficient products
Reporting Standards
Frameworks Used: ESG Reporting Guide (Appendix 27 to the Main Board Listing Rules of The Hong Kong Exchanges and Clearing Limited)
Certifications: ISO22301:2012 Business Continuity Management Systems Certification (Shenzhen Vision), LEED Platinum Certification (1 project), LEED Gold Certifications (3 projects), LEED Certification (1 project)
Sustainable Products & Innovation
- Green building design and construction
- Energy-efficient equipment (LED lighting, air source heat pumps, water-saving fixtures)
- Rainwater recycling
Awards & Recognition
- ESG Development Influencer of the Year 2022
- China Top 3 Industrial Mall Developers
- China Top 4 Industrial Park Operators
- China Top 5 Outstanding Biomedical Industrial Park Projects
- GRANDS PRIX DU DESIGN Bronze Certification
- American International Design Award Silver Award
- PRO+AWARD Gold Award
- Shanghai Creative Industry Park (Demonstration Park)
- Shanghai Class A Entrepreneurship Incubation Demonstration Base
- Demonstration Base of National Industrial Tourism
- Shanghai Base for International Cultural Exchange
- Shanghai Energy Saving and Consumption Reduction Demonstration Base for Old Factory Renovation