Shanghai Zendai Property Limited
Climate Impact & Sustainability Data (2021, 2022)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:40,352 tonnes CO2e
Scope 1 Emissions:1,693 tonnes CO2e
Scope 2 Emissions:38,355 tonnes CO2e
Scope 3 Emissions:305 tonnes CO2e
Total Energy Consumption:72,481 Thousand kWh
Water Consumption:671,567 m3
Waste Generated:17,039 tonnes
Carbon Intensity:44.3 tonnes CO2e per person
ESG Focus Areas
- Environmental Sustainability
- Social Sustainability
- Governance
Environmental Achievements
- Reduced total greenhouse gas emissions by 0.4% compared to 2020.
- Reduced solid waste emissions by 10% compared to 2020.
- Increased paper recycling by 27% compared to 2020.
Social Achievements
- Implemented a comprehensive employee training program with 40,115 training hours provided.
- Maintained zero work-related fatalities and injuries for three consecutive years.
- Actively responded to COVID-19 by implementing safety measures and adapting business models.
Governance Achievements
- Established and implemented anti-corruption policies, including sunshine agreements and integrity pledges.
- Implemented a robust internal reporting system for handling complaints and irregularities.
- Complied with relevant laws and regulations on employment, health and safety, and anti-corruption.
Climate Goals & Targets
Short-term Goals:
- By 2025: Air pollutant emissions will not increase by more than 10% from 2021 baseline.
- By 2025: Total greenhouse gas emission intensity will decrease by approximately 18% from 2021 baseline.
- By 2025: Total solid waste emissions will decrease by 10% from 2021 baseline.
- By 2025: Water used and wastewater discharged will decrease by 5% year by year from 2021 baseline.
- By 2025: Electricity consumption will decrease by 10% from 2021 baseline.
- By 2025: Total energy consumption intensity will decrease by approximately 13% from 2021 baseline.
Environmental Challenges
- Increased waste gas emissions (SOx, NOx, PM) by 7%, 8%, and 16% respectively due to increased natural gas usage.
- Increased water consumption by 27% due to increased cleaning operations amid COVID-19.
- Climate-related risks such as extreme weather events and policy changes impacting operations.
Mitigation Strategies
- Implementing measures to optimize fleet and boiler operations to reduce waste gas emissions.
- Promoting energy-saving measures to reduce electricity and natural gas consumption.
- Developing and implementing emergency response plans to mitigate climate-related risks.
- Implementing water-saving measures to reduce water consumption.
Supply Chain Management
Supplier Audits: Annual evaluation of key suppliers (60% of total suppliers).
Responsible Procurement
- Open tendering
- Supplier qualification pre-examination
- Green procurement (60% coverage in property management, >30% in property development, 80% in hotel operations).
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Continuous high temperature
- Change in rainfall pattern
Transition Risks
- Updating of policies and regulations
Opportunities
- Green building development
Reporting Standards
Frameworks Used: HKEx ESG Guide
Certifications: ISO 14001, ISO 50001, ISO 45001, ISO 9001, ISO 27001
UN Sustainable Development Goals
- Goal 1: No Poverty
- Goal 3: Good Health and Well-being
- Goal 4: Quality Education
- Goal 11: Sustainable Cities and Communities
Initiatives contributing to poverty alleviation, employee well-being, employee training, and sustainable urban development.
Awards & Recognition
- 2021 Popular Business Hotel (Himalayas Qingdao Hotel)
- Grade A Unit for public hygiene reputation (Qingdao Municipal Health Commission)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:40,761 tonnes CO2e
Scope 1 Emissions:2,756 tonnes CO2e
Scope 2 Emissions:37,801 tonnes CO2e
Scope 3 Emissions:204 tonnes CO2e
Total Energy Consumption:77,989.7 thousand kWh
Water Consumption:615,474 m3
Waste Generated:17,565 tonnes (non-hazardous)
Carbon Intensity:68.9 tonnes CO2e per person
ESG Focus Areas
- Environmental Sustainability
- Social Sustainability
- Governance
Environmental Achievements
- Reduced wastewater discharged by 32% compared to 2021.
- Reduced total raw materials consumption by 26% compared to 2021.
- Reduced paper consumption by 25% compared to 2021.
- Achieved nearly 70% green procurement policy coverage in property development and management business.
- Achieved close to 40% green supplier policy coverage in hotel operations.
Social Achievements
- Provided 19,921 hours of training to 98% of employees.
- Implemented strict safety and health policies, resulting in zero work-related fatalities in the past three years.
Governance Achievements
- Established and enforced anti-corruption policy, including sunshine agreements and integrity pledges.
- Implemented a comprehensive whistleblowing system.
Climate Goals & Targets
Short-term Goals:
- Reduce air pollutant emissions by no more than 10% by 2025 (compared to 2021).
- Reduce total greenhouse gas emission intensity by approximately 18% by 2025 (compared to 2021).
- Reduce total solid waste emissions by 10% by 2025 (compared to 2021).
- Reduce water used and wastewater discharged by 5% year by year by 2025 (compared to 2021).
- Reduce electricity consumption by 10% by 2025 (compared to 2021).
- Reduce total energy consumption intensity by approximately 13% by 2025 (compared to 2021).
Environmental Challenges
- Economic challenges due to COVID-19 outbreaks.
- Stringent environmental regulations increasing operating costs.
- Potential impacts of climate change (extreme weather, sea level rise).
Mitigation Strategies
- Implemented energy-saving measures (e.g., optimizing equipment, closing hotel floors during low occupancy).
- Developed contingency plans for extreme weather events.
- Incorporated climate-related strategies into decision-making process.
Supply Chain Management
Responsible Procurement
- Open and transparent partner selection in procurement.
- Strict supplier selection and evaluation criteria.
- Priority given to suppliers with green environmental protection certificates.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Continued high temperature and rainfall pattern change
- Sea level rise
Transition Risks
- Updates on policies and regulations
- Increase in stakeholders’ expectations
Opportunities
- Green building opportunities
UN Sustainable Development Goals
- Goal 1: No Poverty
- Goal 3: Good Health and Well-being
- Goal 4: Quality Education
- Goal 6: Clean Water and Sanitation
- Goal 11: Sustainable Cities and Communities
The Group's initiatives contribute to these goals through various programs and policies related to poverty alleviation, employee well-being, training, water conservation, and sustainable urban development.
Awards & Recognition
- Popular Business Hotel (2021)
- Grade A Unit for public hygiene reputation (2021)