Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Community Development
• Environment and Natural Resources
• Emission
• Protection of Intellectual Property Rights
• Development and Training
• Health and Safety
• Employment Benefits and Welfare
• Customer Satisfaction and Privacy
• Quality Control of Projects
• Labour Standards
• Green Building
• Anti-corruption
• Use of Resources
• Supply Chain Management

Environmental Achievements

• Achieved zero employee injuries and fatalities for three consecutive years (including the Reporting Period).
• Adopted green building practices to save energy and resources.

Social Achievements

• Established and executed numerous human resources management policies, including recruitment, training, promotion, resignation, working hours, leaves and holidays, welfare and remuneration and equal opportunities.
• Organised various types of trainings, including new staff trainings, general skills trainings, leadership trainings, professional skills trainings and E-learning.
• Achieved a 42.87% overall training rate and a total training hour of 5,367.5 hours.

Governance Achievements

• Established a core governance framework to ensure the alignment of ESG governance with strategic growth.
• Engaged an external internal control consultant firm to conduct an independent internal control review.

Climate Goals & Targets

Environmental Challenges

• Restructuring of Peking University Founder Group Company Limited leading to a slower pace of internal development.
• Significant cash shortfall of approximately RMB3,278,071,000 at 31 March 2022.
• Material uncertainties relating to the results of measures to be undertaken by the Group which may cast significant doubt on the Group’s ability to continue as a going concern.

Mitigation Strategies

• Actively implemented various prudent operation measures, such as “slowing down development, ensuring delivery, destocking, facilitating returns and adjusting structure”, optimising existing projects, controlling new projects, expanding sources of income, lowering expenditure, reducing costs, enhancing efficiency and strengthening risk management and control.
• Considering various proposals, including but not limited to disposal of equity interest of certain group entities engaging in property development or pledges of the Group’s properties for sales, in order to obtain additional funds to support the Group’s working capital needs.
• Actively negotiating with existing lenders for loan extension, the waiver of the repayable on demand clause and the waiver of possible breach of the undertaking and restrictive covenant requirements relating to certain bank and other borrowings.
• Prepared a business strategy plan focusing on accelerating pre-sale of properties and implementing cost control measures.

Supply Chain Management

Supplier Audits: 1,328 suppliers from 14 regions in China

Responsible Procurement

• Rigorous supplier selection process
• Prioritising local suppliers and environmentally friendly products and services

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events threatening employee safety and damaging infrastructure

Transition Risks

• Tightening of national policies, generation of environment-related taxes, and client’s preference for companies that operate in a more environmentally-friendly manner.

Opportunities

• Development of energy-efficient products and buildings

Reporting Standards

Frameworks Used: ESG Reporting Guide under Appendix 27 to the Rules Governing the Listing of Securities on the Main Board of The Stock Exchange of Hong Kong Limited

Sustainable Products & Innovation

• Green buildings