Climate Change Data

泛海控股股份有限公司

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Stable operation and improved liquidity
  • Risk management
  • Green development
  • Customer service
  • Party building and employee care
  • Charity and rural revitalization

Environmental Achievements

  • Company headquarters building saved over 2 million kWh of electricity in 2022.
  • Hangzhou Fanhai Diaoyutai Hotel received the "Low-carbon Hotel" award.
  • Increased online operations and paperless office practices.

Social Achievements

  • Successfully delivered Yunhaiyuan project.
  • Completed the construction and registration of Guifu project.
  • Fanhai Property expanded its market reach, winning bids for projects such as the Beijing Fire Brigade and Wuhan Bookstore.
  • MinSheng Trust actively explored transformation and innovation, including exploring new business models under the new trust business classification framework.
  • Asia-Pacific Property & Casualty Insurance launched 38 innovative products.
  • Asia-Pacific Property & Casualty Insurance improved its risk rating to BB.
  • Fanhai Property maintained high customer satisfaction.
  • Construction of Wuhan Library's new branch in the CBD.
  • Various employee training programs conducted.
  • Continued charitable trust projects, including support for military families and border defense.
  • Various community engagement activities organized by Fanhai Property.

Governance Achievements

  • Strengthened risk control measures and established a comprehensive risk management system.
  • Improved internal control systems and compliance procedures.
  • Implemented a risk preference system and key risk indicator limit system at Asia-Pacific Property & Casualty Insurance.

Climate Goals & Targets

Environmental Challenges

  • Significant financial pressure due to macroeconomic factors.
  • Challenges in the real estate and financial sectors due to regulatory changes and market conditions.
Mitigation Strategies
  • Focus on stabilizing operations, improving liquidity, reducing debt, and ensuring project delivery.
  • Strengthened asset optimization and debt risk management.
  • Implemented measures to increase cash flow, control costs, and optimize fund utilization in the real estate business.
  • Focused on risk resolution and asset disposal in the financial business.
  • Exploration of new business models and optimization of organizational structure in the financial sector.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO/IEC 27001 (Fanhai Property), ISO 50001 (Fanhai Property)

Awards & Recognition

  • Shenzhen City May 1st Labor Award (Asia-Pacific Property & Casualty Insurance)
  • Annual Excellent Property Insurance Company (Asia-Pacific Property & Casualty Insurance)
  • 2022 China Insurance Industry Digital Operation Excellent Case Award (Asia-Pacific Property & Casualty Insurance)
  • Real Estate Project Excellent Product Power Award (Wuhan Fanhai International Residence)
  • Best Luxury Hotel Award (Wuhan Fairmont Hotel)
  • 2022 China Property Service Top 100 Enterprises (Fanhai Property)
  • 2022 China Characteristic Property Service Leading Enterprise (Fanhai Property)
  • 2022 China High-end Property Service Leading Enterprise (Fanhai Property)