ESR Group Limited
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Human Centric
- Property Portfolio
- Corporate Performance
- Supply Chain Management
Environmental Achievements
- ~100 MW Rooftop solar power capacity across the enlarged Group
- More than 314,000 GJ Rooftop solar power generated during the year
- 39% of the Group’s portfolio of completed directly managed assets awarded sustainable building certifications and ratings, representing approximately 11 million sqm in GFA
- 631 EV charging stations installed across our global portfolio of assets
- Hydrogen JV with SK Plug Hyverse and Coupang Fulfilment Services to develop Mokcheon LP into South Korea’s first hydrogen powered facility
Social Achievements
- ~45% Female representation at ESR
- Zero ESR workforce fatalities
- 60% Independent Non-executive Directors are women at Board level
- Inclusion Revamped corporate core values as an enlarged Group to strengthen diversity, equity & inclusion in the workplace
- Launched a series of comprehensive compliance online modules for all staff on topics relating to compliance, risk management and ESG
- Implementing 2 days of volunteer leave for all employees of the Group to encourage volunteerism
Governance Achievements
- Became a signatory to the United Nations-supported Principles for Responsible Investment (UN PRI) in June 2022
- 37 Private funds and REITs participated in the 2022 GRESB Assessment with outstanding results
- ESG Ratings MSCI “A” Sustainalytics “Low Risk”
Climate Goals & Targets
Long-term Goals:
- Net Zero Carbon commitment
Environmental Challenges
- Climate change and cybersecurity as emerging risks
- Supply chain disruptions
Mitigation Strategies
- Developed internal control processes and mechanisms and implemented action plans to proactively manage these risks to ensure business resilience
- Incorporated ESG considerations as part of supply chain management in areas relating to sustainable procurement, operational resilience, and sustainability performance of suppliers
- Suppliers are screened and assessed based on stringent criteria, facilitated by ComplianceDesktop® as part of our enhanced Counterparty Due Diligence Workflow
- Developing a decarbonisation plan across the enlarged Group to drive further carbon reduction in the long-term
Supply Chain Management
Responsible Procurement
- sustainable procurement
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI
Certifications: ISO 45001
UN Sustainable Development Goals
- Goal 3
- Goal 8
- Goal 5
- Goal 9
- Goal 7
- Goal 13
Our vision for sustainable development and ESG Framework is aligned to six of the Sustainable Development Goals (SDGs) from the United Nations 2030 Agenda
Awards & Recognition
- PERE 2022 APAC FUND MANAGER GUIDE ESR Group Ranked 1st among leading private equity real estate fund managers in APAC
- IR MAGAZINE AWARDS — GREATER CHINA 2022 ESR Group • Best in sector: Financials (including real estate) • Best IR during a corporate transaction
- HONG KONG BUSINESS MANAGEMENT EXCELLENCE AWARDS 2022 ESR Group • Executive of the Year — Logistics: Ms Rui Hua Chang
- 2022 BRITISH BUSINESS AWARDS British Chamber of Commerce in Japan Company of the Year: ESR Japan
- THE ECONOMIC TIMES BEST BRANDS CONCLAVE 2022 — INDIA'S BEST BRANDS ESR India
- THE 12TH CHINA LOGISTICS INVESTMENT AND FINANCING CONFERENCE AND CHENGDU CHONGQING SUPPLY CHAIN FORUM Company with the best investment value in the Logistics Industry for 2021–2022: ESR China
- SUZHOU FOREIGN-INVESTED COMPANY AWARD FOR OUTSTANDING CONTRIBUTION TO STABLE GROWTH (NEWLY ESTABLISHED PROJECT): ESR China
- GOVERNMENT OF BRIDGE TOWN, PUDONG NEW AREA, SHANGHAI The Economic Contribution Award: ESR China
- GOVERNMENT OF BRIDGE TOWN, PUDONG NEW AREA, SHANGHAI The Growth Elite Award: ESR China
- JD.COM GROUP Best Partner Award: ESR China
- 11TH SPACE DESIGN AWARD, PUBLIC CO., LTD Public Life Division Award: KLÜBB Lounge in Fujiidera Distribution Centre
- IEIJ GOOD LIGHTING AWARD 2022, The Illuminating Engineering Institute of Japan ESR Amagasaki Distribution Centre
- MIPIM ASIA AWARDS 2022 Best Refurbished Building (Bronze): Lazada One
- INDIAN GREEN BUILDING COUNCIL (IGBC) GREEN CHAMPIONS AWARD 2022 Pioneer in large-scale adoption of Green Logistics Parks and Warehouses: ESR India