Climate Change Data

Shining Building Business Co., Ltd.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Environmental, Social Responsibility, and Governance (ESG)

Environmental Achievements

  • Both projects reserve large areas as outdoor green spaces, with rooftop solar panels for energy-saving installations. They are designed to incorporate self-grown fruits and vegetables from rooftop gardens into meals, and the exterior and structure are designed for zero net carbon emissions, embodying the company's social responsibility for ESG environmental sustainability.

Social Achievements

  • The company reported net loss after tax in 2023. Directors' remuneration is only for transportation fees, and there is no other remuneration.
  • In 2023, a total of 33 trainees participated in 24 external training courses with a total of 159.6 training hours and a total of 2,049 trainees participated in 49 internal training courses, including mobilization meetings and newcomer trainings, with a total of 37.5 training hours.

Governance Achievements

  • The Company has established a spokesperson and a unit for stock affairs to deal with shareholders’ doubts, concerns, etc., as a whole.
  • The Company masters the shareholding status of directors, managerial officers, and major shareholders holding more than 10% of the shares at all times and declares the shareholding of major shareholders on schedule.
  • Both the Company and its reinvestment businesses are financial autonomy and business independence and the "Regulations and Procedures Governing Financial and Business Operation of Conglomerate, Specific Companies, and Related Parties", is stipulated, in which the implementation status is regularly audited by internal auditors.

Climate Goals & Targets

Long-term Goals:
  • develop into the construction company in the Greater China region
Medium-term Goals:
  • achieve the target of reduction (20%) in 2030
Short-term Goals:
  • reduce the operational and financial impacts of climate change and strengthen organizational climate resilience

Environmental Challenges

  • In Taiwan, over the past two years, due to the government's intensive efforts to curb speculation in the housing market, it has implemented various anti-speculation policies, which have also suppressed the performance of the housing market.
  • Starting from 2024, the government has raised the minimum wage, adjusted military and police salaries, adjusted electricity prices, and other measures.
  • With the implementation of the COP28 United Nations Climate Change Conference's carbon rights, all production prices will rise.
  • Since the real estate industry is the most sensitive to global economic performance, it is estimated that prices of building materials such as steel bars, cement, aluminum, copper, and glass will rise, raising construction costs.
  • It takes three to four years for each new project to be completed and delivered. There is temporarily no room for price reduction in housing prices.
Mitigation Strategies
  • Shining has 20 years of experience in commercial real estate layout. After crossing into mainland China with Taiwan's experience, it is continuously preparing for the second Hanbi building in Taiwan. It will also layout in the United States, Southeast Asia, and other places, accelerating internationalization.
  • With a total planned sales of about NT$100 billion in land cases, it is sufficient for future five-year project launches, with an annual plan to maintain a project launch volume of NT$20 to NT$30 billion.
  • Shining Group is currently actively preparing to implement the ESG plan (Environmental, Social Responsibility, and Governance) to respond to the accelerated actions of various countries and enterprises in promoting carbon neutrality and net zero carbon emissions.

Supply Chain Management

Responsible Procurement
  • For the safety and health management of suppliers, the company has a standard table for contractors to deduct project funds in violation of safety and health management rules.
  • For environmental protection manufacturers, they must have legal certificates or licenses from the government; Personnel related to occupational safety shall have complete education and training hours, relevant licenses and health certificates; And the manufacturer's safety maintenance management on the construction site. If there is any deficiency, the project payment will be deducted.

Climate-Related Risks & Opportunities

Physical Risks
  • floods
  • droughts
  • typhoons
  • high temperatures
Transition Risks
  • policy, legal, technology, market and reputational risks
  • The limitation of total greenhouse gas emissions, carbon tax and carbon fee
  • The transformation of consumer demands and preferences, transition into low-carbon/plastic-reducing technologies, new renewable energy-related laws and regulations, and the response of insufficient climate actions which led to a decline in brand reputation.
Opportunities
  • Research and development (R&D) and innovation of new low-carbon products and services
  • Improve resource utilization
  • Improve the Company's reputation

Reporting Standards

Frameworks Used: GRI Standards

Awards & Recognition

  • Architecture Gold Award-Best Quality
  • Architecture Gold Award-Golden Lion Award for Office
  • Architecture Gold Award-Best Planning
  • Architecture Gold Award-Best Quality
  • 2006 Taiwan Real Estate Excellence Award Excellence Award-Planning and Design
  • 2006 Taiwan Real Estate Excellence Award Gold Tier Award-Construction Quality
  • 2012 iResearch Award Best Award-National Habitation and City
  • 2012 Golden Stone Award-Chinese Architecture Gold Award-Outstanding in Planning and Design
  • 2013 Golden Stone Award-Chinese Architecture Gold Award-Outstanding in Planning and Design
  • 2017 EEWH Green Building Label-Silver Grade
  • 2018 EEWH Green Building Label-Silver Grade
  • A' Design Award, Italy
  • 2021 EEWH Green Building Label-Silver Grade
  • 2023 The National Golden Award For Architecture-First prize