Climate Change Data

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Labour Relations
• Project Quality
• Green Environmental Protection
• Community Investment

Environmental Achievements

• Added 3 new green building projects, all receiving national Green Building One-Star or higher certifications. Total GFA of green buildings exceeds 40 million square meters.
• Overall air emissions down 36% compared to 2022.
• Overall carbon emissions down 30% compared to 2022.
• Overall wastewater emissions down 46% compared to 2022.
• Intensity of non-hazardous and hazardous wastes down 19% compared to 2022.
• Water consumption decreased by 37% compared to last year.

Social Achievements

• Granted awards to 267 outstanding employees in 2023.
• Organized 1,380 sessions of cultural and recreational activities for staff.
• Overall customer satisfaction reached 85.0 points, and satisfaction for service delivery reached 84.4 points.
• Organized 8,003 sessions of diversified community recreational activities in 2023, attracting over 5.80 million residents.
• Over 50,280 hours of volunteer services provided, benefiting over 21,120 individuals.
• RMB 1,089,200 in philanthropic donations.

Governance Achievements

• ESG rating upgraded to “A” by MSCI.
• Established a complete reporting and whistleblowing mechanism.
• Held over 60 incorruptibility and anti-corruption training sessions with 1,440 attendees.
• Conducted 450 incorruptibility culture campaigns for suppliers.
• Completed national classified protection of cybersecurity, obtaining level 3 for Logan Treasury.

Climate Goals & Targets

Environmental Challenges

• Weak real estate market.
• Potential financial misappropriation in reimbursements and benefits.

Mitigation Strategies

• Enhanced competitiveness through innovative building technologies, stakeholder engagement, and responsible supply chain management.
• Established a robust internal control system, clarifying employee responsibilities and approval authority.
• Implemented a “3+6” full-cycle risk control system.

Supply Chain Management

Supplier Audits: More than 3,020 supply chain site visits in 2023; third-party independent audits conducted.

Responsible Procurement

• Green procurement (RMB 650 million in 2023)
• Local procurement (all suppliers located in China)

Climate-Related Risks & Opportunities

Physical Risks

• Typhoons and floods
• Sea-level rise
• Increasing average temperatures
• Changes in rainfall patterns

Transition Risks

• Regulations and policies related to climate change
• Carbon pricing
• Building energy codes and guidelines
• Market risks and reputation risks
• Technical risks (green technologies, environmental materials)

Opportunities

• Investors’ demand for sustainability investment
• Growing market demand for green buildings

Reporting Standards

Frameworks Used: Environmental, Social and Governance Reporting Guide (Appendix C2 to the Listing Rules of The Stock Exchange of Hong Kong Limited), United Nations Sustainability Development Goals

Certifications: ISO9001, ISO14001, OHSAS18001 (Property Management)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 7
• SDG 9
• SDG 11
• SDG 13
• SDG 16

The report mentions alignment with several SDGs throughout the description of their initiatives.

Sustainable Products & Innovation

• Green buildings
• Monolith Cloud Engineering Quality Management System
• Logan Construction 2.0

Awards & Recognition

• “Caring Enterprise” under Public Welfare Subscription Program (2023)
• 2022 Advanced Private Enterprise in Guangxi-Guangdong Cooperation
• 2021 Guangdong Province Poverty Alleviation Cotton Cup Gold Cup Award
• 2021 China Real Estate Annual Rural Revitalization Model Enterprise
• MSCI ESG rating “A” (2023)