Climate Change Data

China New Town Development Company Limited

Climate Impact & Sustainability Data (2020, 2022)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:7,402.15 tonnes of CO2e
Scope 1 Emissions:604.44 tonnes of CO2e
Scope 2 Emissions:6,723.43 tonnes of CO2e
Scope 3 Emissions:74.28 tonnes of CO2e
Total Energy Consumption:15,849.8 MWh
Water Consumption:121,656.0 m3
Waste Generated:17.20 tonnes

ESG Focus Areas

  • Occupational health and safety
  • Employee development and training
  • Anti-corruption

Environmental Achievements

  • Reduced gasoline consumption for transportation by around 30%
  • Reduced electricity consumption for office operations by approximately 5%
  • Recycled approximately 42 kg of paper

Social Achievements

  • Nearly 100 students enrolled in kindergartens and elementary schools affiliated with the Reigate Grammar School Nanjing
  • Total training time of 7,070 hours provided to employees
  • Organized various employee activities to promote health and team spirit

Governance Achievements

  • No legal cases regarding corrupt practices were brought against the Group or any of its employees
  • Implemented a whistle-blowing policy
  • Held various anti-corruption activities and lectures

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality

Environmental Challenges

  • Increased credit risk in certain sectors due to the complex economic environment and the impact of the COVID-19 epidemic
  • Impact of COVID-19 pandemic on Wuhan operations
  • Potential risks related to the Nanchang Science and Technology Park Project
Mitigation Strategies
  • Accelerated efforts to address risky projects and recover funds
  • Adopted various scientific management methods to maintain occupancy rates and achieve positive profit growth in Wuhan
  • Proactively engaged in debt pre-restructuring and restructuring of the purchaser for the Nanchang project

Supply Chain Management

Responsible Procurement
  • Compliance with material environmental and social laws and regulations
  • Adherence to corporate ethics
  • Green Procurement

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme climate events affecting construction sites and project delivery
Transition Risks
  • Tougher environmental laws and regulations increasing project costs

Reporting Standards

Frameworks Used: GRI Standards, Sustainability Accounting Standards, TCFD

UN Sustainable Development Goals

  • Goal 3
  • Goal 4
  • Goal 6
  • Goal 7

Initiatives in healthcare, education, water conservation, and energy efficiency

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:9657.3 tCO2e/year
Scope 1 Emissions:1001.9 tCO2e/year
Scope 2 Emissions:9412.3 tCO2e/year
Scope 3 Emissions:83.3 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:20869.3 MWh/year
Water Consumption:157129.0 m3/year
Waste Generated:16.0 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Good health and well-being
  • Quality education
  • Gender equality
  • Clean water and sanitation
  • Affordable and clean energy

Environmental Achievements

  • Reduced GHG emissions by 8% compared to FY2021 (9,657.3 tonnes of CO2e in 2022 vs 10,456.7 tonnes in 2021). Significant reduction in paper consumption (55%) and increased paper recycling (100 times increase).
  • Recycled 2.3 tonnes of solid waste (2.0 tonnes paper, 0.3 tonnes plastic).

Social Achievements

  • Maintained zero work-related fatalities and zero lost days due to work-related injuries.
  • 103% of employees received training in FY2022.
  • Implemented extended maternity leave in Beijing.

Governance Achievements

  • Complied with all relevant laws and regulations.
  • Established robust internal policies to manage ESG risks and opportunities.
  • Actively engaged stakeholders in Materiality Assessment.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce 22.5% of GHG emissions in Scope 1 and Scope 2 by 2030 (using FY2021 as baseline).
  • Equip each employee with at least one training annually.
  • Eradicate work-related gender discrimination or sexual harassment within the Group.
Short-term Goals:
  • Maintain zero work-related injuries or incidence of occupational hazard in next five years.

Environmental Challenges

  • Slower construction progress in land development projects.
  • Impairment of land development for sale of Shenyang Lixiang project (RMB109 million).
  • Challenges in disposing of inefficient assets (Shenyang Lixiang project).
Mitigation Strategies
  • Implemented a “three-step” implementation strategy of “disposing of non-performing assets, reinforcing capital and improving quality”.
  • Accelerated the disposal of existing inefficient assets.
  • Negotiated with the government for overall withdrawal plan for Shenyang Lixiang project.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Green Procurement; prioritised suppliers based on quality, business license, delivery timeliness, ethics, social and environmental responsibility.

Climate-Related Risks & Opportunities

Physical Risks
  • More frequent and intense extreme weather events (torrential rain).
Transition Risks
  • Stricter regulations and standards; increased compliance costs; need for new technologies.
Opportunities
  • Responsible investments in low-carbon projects.

Reporting Standards

Frameworks Used: GRI Standards, TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 3, Goal 4, Goal 5, Goal 6, Goal 7

Details provided in section V. Stakeholder Engagement and section VI. Environmental Sustainability.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed