Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental footprint of own offices
• Energy management
• Water management
• Waste generation
• GHG emissions
• Employee diversity and inclusion
• Health and safety
• Social engagement
• Governance

Environmental Achievements

• International Finance Centre (IFC) awarded LEED certification in 2010
• 42% of Ying Li portfolio LEED certified

Social Achievements

• Maintained a zero injury and fatality record onsite
• Introduced company-wide fitness programs
• Provided special incentives to employees during festivals and holidays

Governance Achievements

• No dual brokerage activity
• No legal or regulatory fines or settlements

Climate Goals & Targets

Environmental Challenges

• Limited direct control over impacts of leased properties
• Majority of GHG emissions associated with purchased electricity

Mitigation Strategies

• Providing data analysis of water and electricity usage to tenants
• Communicating with new tenants on energy-saving measures
• Advocating water conservation and energy saving
• Developing initiatives to minimize resource use (insulation, ventilation, energy-efficient technologies)

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Working with strategic partners to procure quality construction materials that meet energy-saving and low-carbon emission environmental standards

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Greenhouse Gas Protocol, SASB Real Estate Services standard

Certifications: LEED

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Green Development
• Operational Safety
• Environmental Sustainability
• Employee Motivation

Environmental Achievements

• Carbon footprint intensity decreased 5% from the previous year due to continuous efforts to optimize eco-efficiency in our building operations.
• Water consumption intensity decreased 9% from the previous year due to the Group’s efforts in reducing water consumption at our properties.
• 22% of investment properties are LEED-certified.

Social Achievements

• Achieved zero fatalities and accidents.
• All employees are subject to an annual performance appraisal.
• Invested an average of 8.0 hours of training on each employee.

Governance Achievements

• No incidents of corruption.
• No incidents of discrimination.
• No non-compliance with socioeconomic laws and regulations.

Climate Goals & Targets

Environmental Challenges

• Emergence of COVID-19 created instabilities in the international economy and generated considerable negative impact.
• Slight increase in waste generation intensity from the previous year due to increase in tenant turnover.

Mitigation Strategies

• Complied with directives from the Chinese government and local authorities in Chongqing; instituted precautionary measures to protect employee health and safety; initiated business continuity planning.
• Plan to organize a tenant engagement event to encourage tenants to participate in activities that promote green initiatives.

Supply Chain Management

Responsible Procurement

• Rigorous supplier evaluation system

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core Option, Sustainability Reporting Guide in Practice Note 7.6 of the SGX-ST Listing Manual

Awards & Recognition

• “China's Most Outstanding Commercial Real Estate Business Award”
• “Chongqing's Top 50 Real Estate Enterprise Award”
• “Chongqing Real Estate Development Industry Trustworthy Brand Award”
• “Chongqing Real Estate Development Industry Trustworthy Brand Award (AAA-highest category)”
• “2012-2013 China Luban Prize”

Environmental Metrics

ESG Focus Areas

• Green Development
• Operational Safety
• Environmental Sustainability
• Employee Motivation

Environmental Achievements

• Carbon footprint intensity decreased 13% from the previous year (mainly due to COVID-19 impact and temporary closure of retail malls)
• Water consumption intensity decreased 29% from the previous year (due to COVID-19 impact and temporary closure of retail malls)
• 22% of investment properties are LEED-certified

Social Achievements

• Achieved zero fatalities and accidents
• Average of 10.0 hours of training per employee (25% increase from previous year)
• All employees subject to annual performance appraisal
• Organized employee activities to enhance teamwork and work-life balance

Governance Achievements

• Board has considered sustainability issues as part of its strategic formulation
• Developed comprehensive internal policies on safety management, subcontractor management, and human resources management
• No restatements were made from the previous report
• Full compliance with relevant construction laws and regulations

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic significantly affected market sentiment in the real estate industry during the first quarter of 2020
• Managing carbon footprint, water consumption, and waste generation

Mitigation Strategies

• Complied with directives from the Chinese government and local authorities
• Instituted precautionary measures to protect employee health and safety
• Initiated business continuity planning
• Replaced old lighting fixtures with more energy-efficient ones
• Installing water-efficient fittings and raising awareness of water scarcity issues

Supply Chain Management

Supplier Audits: Periodic evaluations on suppliers’ performance

Responsible Procurement

• Rigorous supplier evaluation system
• Honest procurement

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards: Core Option, Sustainability Reporting Guide in Practice Note 7.6 of the SGX-ST Listing Manual

Certifications: LEED

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Energy saving designs in building plans

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Green Development
• Operational Safety
• Environmental Sustainability
• Employee Motivation

Environmental Achievements

• 22% of investment properties LEED-certified
• Installed energy-efficient lighting and water-efficient fittings
• Use of recycled water systems for air conditioning
• All office paper purchased is Forest Stewardship Council certified

Social Achievements

• Organised periodic employee gatherings and sports competitions
• Provided a range of internal and external trainings with educational subsidies
• Implemented an effective human resource management system focusing on skills training and development
• Supported the “Everbright Group’s 3rd Agricultural Products Exhibition and Poverty Alleviation Live Streaming”

Governance Achievements

• Established a three-tier sustainability organisational structure
• Integrated sustainability into strategic planning
• Board of Directors has overall responsibility for the Group’s sustainability strategy

Climate Goals & Targets

Environmental Challenges

• 38% employee turnover rate (mainly due to the pandemic and staff restructuring)
• Managing carbon footprint and reducing GHG emissions
• Minimising water consumption
• Diverting waste from landfills

Mitigation Strategies

• Formulated various employment measures including competitive remuneration packages, comprehensive employee benefits and development opportunities to retain talents
• Appointed a consultant to study the Task Force on Climate-Related Financial Disclosure (“TCFD”) framework with aims of reporting climate risks and opportunities in the near future
• Installed water-efficient fittings and water meters
• Adheres to local waste management regulations on waste disposal, segregation, and collection; encourages environmentally friendly options when purchasing office supplies

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Management Policy
• Bidding and Procurement Management Policy
• Rigorous supplier evaluation system

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards: Core option, ESG Reporting Guide under Appendix 27 to the Rules Governing the Listing of Securities on SEHK

Certifications: LEED

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental protection
• Operational safety
• Environmental sustainability
• Employee motivation
• Green construction
• Energy saving design
• Managing our carbon footprint
• Energy efficiency
• Water conservation

Environmental Achievements

• Completion of the first-phase integration of comprehensive energy-saving features within its IMIX Park Daping, reducing electricity consumption by 2,221 MWh annually.
• 22% of investment properties have been awarded with LEED certification.

Social Achievements

• Organised 23 professional knowledge and skill training programs for employees, with an average of 62 training hours per employee.
• 9% employee turnover rate.

Governance Achievements

• Amendment and waiver of the terms and conditions of the Company’s Perpetual Convertible Securities (PCS) approved by shareholders, enhancing the Group’s capital structure and reducing financing costs.
• All Board members completed mandated sustainability training.

Climate Goals & Targets

Environmental Challenges

• Decrease in sales of properties and rental income due to fewer property units being sold, softening of the rental market due to COVID-19 measures and extreme weather conditions.
• Weakening of commercial property market in Chongqing and tougher policies maintained by local authorities in the property sector, prolonging the property development and sales period.
• Climate-related risks including extreme weather events, increased average temperature, and power outages.

Mitigation Strategies

• Granting rental reliefs to support tenants’ businesses and attract new tenants.
• Strategic review to calibrate business model, moving from asset heavy to asset light, focusing on property management services.
• Implementing energy-saving measures, water conservation strategies, and waste management initiatives.
• Developing a climate resilience strategy aligned with TCFD recommendations.

Supply Chain Management

Supplier Audits: Periodic evaluations on supplier performance

Responsible Procurement

• Supplier Management Policy, Bidding and Procurement Management Policy, prioritising environmentally and socially responsible suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events, increased average temperature, power outages

Transition Risks

• Tightened requirements and regulations on building energy efficiency, implementation of carbon pricing, stricter requirements on climate resilience strategy disclosure, stricter requirements on sustainable and green properties

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards, SGX-ST Listing Manual, SEHK Rules

Certifications: LEED

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• 2020 Health & Wellness Innovation Organization, 2018 National Green Mall, 2017 Chongqing Real Estate Development Association Top 50 Enterprises, 2017 Five-Star Rated Office Building, 2016 Outstanding Member Award, 2015 Most Outstanding Commercial Real Estate Business, 2014-2015 Trustworthy Credit Enterprise

Environmental Metrics

ESG Focus Areas

• Green Development
• Operational Safety
• Environmental Sustainability
• Employee Motivation

Environmental Achievements

• Completed "Central Air-Conditioning Energy-saving Transformation" project at Ying Li IMIX Park, achieving a 16.46% energy-saving rate and reducing CO2 emissions by approximately 315 tonnes annually.
• 22% of investment properties awarded LEED certification.

Social Achievements

• Zero work-related employee injuries and fatalities in 2023.
• 100% of employees received annual performance appraisals.
• 100% of employees who took parental leave returned to work.

Governance Achievements

• Established a robust anti-corruption mechanism and conducted several trainings related to integrity and anti-corruption.
• No violations of compliance reported in 2023.

Climate Goals & Targets

Environmental Challenges

• Tightened requirements and regulations on building energy efficiency and green building standards.
• Implementation of carbon pricing.
• Stricter requirements and framework on disclosure.
• Increased frequency and severity of extreme weather events.
• Increase in average temperature and frequency of extreme hot days.

Mitigation Strategies

• Close attention to regulations related to climate change.
• Engaged a third-party consultant for sustainability reporting.
• Collaboration with tenants in collecting environmental data.
• Exploration and use of low-carbon and energy-saving products.
• Risk factors considered in planning and design phases.
• Emergency plan formulated to minimize potential losses under extreme weather events.

Supply Chain Management

Supplier Audits: 67% of new suppliers underwent supplier evaluation in 2023

Responsible Procurement

• Supplier Management Policy (供方管理制度)
• Bidding and Procurement Management Policy (公司招标采购管理制度)

Climate-Related Risks & Opportunities

Physical Risks

• Increased frequency and severity of extreme weather events such as typhoons and rainstorms
• Increase in average temperature and frequency of extreme hot days

Transition Risks

• Tightened requirements and regulations on building energy efficiency and green building standards
• Implementation of carbon pricing
• Stricter requirements and framework on disclosure
• Increased expectation from stakeholders

Opportunities

• Development of energy-efficient products and technologies

Reporting Standards

Frameworks Used: GRI Standards, SGX-ST Listing Manual (Rules 711A, 711B and Practice Note 7.6), SEHK Rule 13.91 and Appendix 27

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 11 (Sustainable Cities and Communities)
• Goal 8 (Decent Work and Economic Growth)
• Goal 13 (Climate Action)

Ying Li's contributions to SDGs through green and low-carbon transformation, energy efficiency, employee well-being, community investment, and sustainable supply chain practices.