Climate Change Data

LVGEM (CHINA) REAL ESTATE INVESTMENT COMPANY LIMITED

Climate Impact & Sustainability Data (2021-01 to 2021-06)

Reporting Period: 2021-01 to 2021-06

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

  • The prevention and control situation of the COVID-19 pandemic remained severe globally.
  • The macro-economy continued to face challenges, while the real estate industry tended to be under more strict adjustment and control. The real estate financing has tended to be strained accordingly.
Mitigation Strategies
  • The Group adopted diverse domestic and overseas financing means in their highest and best use and actively prepared for the refinancing schemes to secure sufficient capital for the Group’s development.
  • The Group actively improved its financial structure and adapted itself to the national regulatory requirements of the “three red lines” for real estate enterprises.
  • The Group adopted the strategy of conserving resources and environmental protection in project development. As such, the Baishizhou Urban Renewal Project has incorporated the specific design aiming for a habitable environment, conservation of resources and healthy product quality.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: HKAS 34

Third-party Assurance: Deloitte Touche Tohmatsu