Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Human Resources and Community
• Governance

Environmental Achievements

• Implemented measures to reduce air pollution and carbon emissions on construction sites and in offices (wheel washing facilities, dust control, energy-efficient appliances, reduced paper use, video conferencing)
• Implemented measures to protect marine environment and water quality (fuel leakage defense equipment, silt curtains, underwater bubble curtains, material sorting and recycling)
• ISO14001 accreditation
• Monthly environmental inspection checklist in Macau construction site
• Water conservation measures (Save Water stickers, regular tap checks, wastewater reuse)

Social Achievements

• Promotes fair employment environment without discrimination
• Offers promotion opportunities based on performance
• Shares financial rewards with employees
• Endorses work/life balance policy and provides compensatory leave for overtime
• Tailor-made project safety plans and safety training for all staff
• Provides vocational training and sponsorship for external training courses
• Community investment through stock code balloting scheme and sponsorship of a wine tasting event

Governance Achievements

• Established four board committees (audit, remuneration, nomination, risk management)
• Annual training for directors on corporate governance
• Formal whistle-blowing programme for reporting corruption
• Systematic supplier selection process with at least 3 quotations for high-value contracts
• Annual review of subcontractor/supplier performance
• Subcontractor/supplier assessment form every six months

Climate Goals & Targets

Supply Chain Management

Supplier Audits: Annual review of subcontractor/supplier performance; Subcontractor/supplier assessment form every six months

Responsible Procurement

• At least 3 quotations for high-value contracts
• Supplier assessment considering management system (quality, health and safety, environmental and security management), experience and past performance

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: “Environmental, Social and Governance Reporting Guide” under Appendix 27 of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited

Certifications: ISO14001

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced GHG emissions to 6,067 tonnes of CO2 equivalent
• Implemented waste management practices at Qingdao redevelopment projects, resulting in 177 tonnes of non-hazardous waste
• Adhered to ISO 14001 environmental management system

Social Achievements

• Maintained a low staff turnover rate of 0.38%
• Provided 77.5 hours of training to 41 employees
• Implemented robust occupational health and safety measures, resulting in no lost workdays due to work-related injuries in 2020

Governance Achievements

• Established a formal whistle-blowing mechanism
• Provided anti-corruption training to directors and staff
• Engaged PricewaterhouseCoopers for third-party financial audit

Climate Goals & Targets

Environmental Challenges

• Extreme weather events impacting construction projects
• Managing GHG emissions from fuel consumption and electricity use

Mitigation Strategies

• Implemented measures to secure outdoor equipment and machinery before typhoons
• Adopted energy-saving measures such as reducing unnecessary vehicle trips and monitoring lighting usage
• Provided training on environmental protection and energy saving to employees

Supply Chain Management

Supplier Audits: Every six months

Responsible Procurement

• Company reputation and background
• Quality of products and/or service
• Project experience and past performance
• Environmental certifications (e.g., ISO 14001)
• Local procurement

Climate-Related Risks & Opportunities

Physical Risks

• Typhoons and rainstorms

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Appendix 27 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited

Certifications: ISO 14001, ISO 9001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Employment and Labour Management
• Operating Practices
• Community Investment

Environmental Achievements

• Reduced GHG emission through use of video conferencing and energy-saving equipment
• Reinforced anti-dust management measures at construction sites
• Prioritized procurement of electric vehicles
• Strengthened electronic operations and file management to reduce paper consumption

Social Achievements

• Strengthened occupational health and safety measures, enabling faster resumption of operations
• Implemented fair employment and anti-discrimination policies
• Provided compensation for voluntary overtime work
• Established a formal whistle-blowing mechanism

Governance Achievements

• Board of Directors oversees ESG aspects and ensures compliance with local laws and regulations
• Established ESG Steering Groups for implementation and a Policy Committee to coordinate practices
• Engaged PricewaterhouseCoopers for third-party financial audit

Climate Goals & Targets

Environmental Challenges

• Impacts of the novel coronavirus pandemic (occupational health risks, manpower shortage, supply chain risks)
• Global economic downturn and geopolitical disputes

Mitigation Strategies

• Strengthened occupational health and safety measures
• Formulating relevant policies and targets to align with the Group's sustainable development direction and regularly reviewing progress and performance

Supply Chain Management

Supplier Audits: Semi-annual assessments

Responsible Procurement

• Prioritization of suppliers with environmental certifications (e.g., ISO 14001)
• Preference for suppliers with environmentally friendly products/materials
• Localized procurement policy

Climate-Related Risks & Opportunities

Physical Risks

• Typhoons and rainstorms

Reporting Standards

Frameworks Used: Appendix 27 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited

Certifications: ISO 14001, ISO 9001

Environmental Metrics

ESG Focus Areas

• Environmental protection
• Employment and Labour management
• Operating Practices
• Community Investment
• Safety
• Responsible Project Management
• Solid Waste Management
• Water Conservation

Environmental Achievements

• Reduced GHG emission from 7,038 to 4,900 tonne CO2 equivalent
• Reduced gasoline consumption from 68,818 to 50,784 liters
• Reduced diesel oil consumption from 1,687,481 to 1,318,421 liters
• Reduced electricity consumption from 2,599,112 to 2,214,806 kWh
• Implemented anti-dust management measures
• Strengthened electronic operations and file management to reduce paper consumption
• Reused water in wheel washing facilities

Social Achievements

• Maintained a safe working environment with no lost workdays due to work-related injuries in 2022
• Provided training on various topics including safety, new technologies, management skills, and environmental protection
• Established a formal whistle-blowing mechanism
• Provided regular training to board members on corporate governance and internal control
• Provided anti-corruption training to staff
• Supported the Taishan Students Foundation

Governance Achievements

• Established a robust ESG governance structure with a Board of Directors overseeing ESG matters and various committees for implementation
• Implemented a comprehensive risk management and enhanced internal control system
• Established a code of conduct for employees prohibiting fraudulent or corrupt behavior
• Established a whistle-blowing mechanism

Climate Goals & Targets

Environmental Challenges

• Adverse impacts on domestic real estate projects due to strict pandemic control measures in Mainland China during the first half of 2022
• Health risks and shortages of human resources caused by the pandemic

Mitigation Strategies

• Adopted a more prudential management strategy with strict implementation of comprehensive risk management and enhanced internal control system
• Effectively managed projects in different regions by addressing the health risks and shortages of human resources caused by the pandemic

Supply Chain Management

Supplier Audits: Every six months

Responsible Procurement

• Company reputation and background
• Quality of products and/or service
• Project experience and past performance
• Environmental certifications (e.g., ISO 14001)
• Local procurement

Climate-Related Risks & Opportunities

Physical Risks

• Typhoons and rainstorms

Reporting Standards

Frameworks Used: Appendix 27 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited

Certifications: ISO 14001, ISO 9001

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Employment and Labour Management
• Operating Practices
• Community Investment
• Quality
• Safety
• Anti-competition and anti-corruption
• Responsible Project Management
• Climate Change

Environmental Achievements

• Reduced total GHG emissions intensity by approximately 87.96% from approximately 53.26 tCO2e/person in 2022 to approximately 6.41 tCO2e/person in 2023 (mainly attributable to the change of reporting scope and different project progress).
• Reduced paper-based waste in the office through digitalization, double-sided printing, and recycling.
• Implemented measures to control exhaust gases and GHG emissions on construction sites (wheel washing, dust control, regular machine checks, engine shut-off).

Social Achievements

• Maintained a fair employment environment without discrimination.
• Implemented a 5-day work week with various leave options and compensation for overtime.
• Provided insurance coverage for work-related injuries and deaths.
• Conducted 27,632 hours of employee training in various areas, including safety, environmental protection, and anti-corruption.

Governance Achievements

• Established a formal whistle-blowing mechanism.
• Implemented anti-corruption policies and provided training to board members and staff.
• Engaged a third-party independent accountant for financial audit.

Climate Goals & Targets

Environmental Challenges

• Extreme weather events caused by climate change may delay project delivery, damage properties, increase costs, and threaten employee safety.
• Potential for non-compliance with new legal and regulatory requirements related to climate change.

Mitigation Strategies

• Formulated Policies for Climate Change, including disaster preparedness at project planning, contingency plans for extreme weather, securing outdoor equipment, and monitoring climate-related trends and regulations.
• Adopted energy saving and emission reduction measures to mitigate climate change.

Supply Chain Management

Supplier Audits: Every six months for construction sites

Responsible Procurement

• Prioritization of suppliers with environmental certifications (e.g., ISO 14001)
• Localized procurement policy to reduce transportation emissions

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (typhoons, rainstorms)

Transition Risks

• New legal and regulatory requirements

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Stock Exchange’s “Reporting Guide”

Certifications: ISO 14001, ISO 9001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed