Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Upgraded and optimised various service standards according to different business environments, and provided differentiated services according to the different needs of property owner customers. In 2023, the Company successfully acquired nine management system certifications.
• Upgraded the intelligent environmental hygiene project to effectively reduce fuel consumption, save energy and reduce emissions.

Social Achievements

• Organised more than 450 community cultural activities such as “Community Summer Party”, “Military and Civilian Family”, “Enjoying the Mid-Autumn Festival” and “Healthy Sunset”, which greatly enriched the life of property owners within the managed area.
• The Company’s employees were awarded the honorary title of “Model of Good Samaritanism” and “Good Samaritanism Activist”, respectively in recognition of their courageous deeds.

Governance Achievements

• The Group has adopted the code provisions in Part 2 of the Corporate Governance Code as its own code of corporate governance since the Listing Date.
• The Company has adopted the Model Code as set out in Appendix C3 to the Listing Rules as a code of conduct for securities transactions by the Directors and supervisors since the Listing Date.

Climate Goals & Targets

Environmental Challenges

• Decrease in the number of projects delivered by property developers during the Year resulting from the downturn of the real estate market, which led to the decrease in the revenue from Design services and pre-delivery services.
• Decrease in our community sales business.
• Slowdown in collecting of trade receivables as a result of the downturn of the real estate market and adverse economic conditions in the PRC.

Mitigation Strategies

• Adjusted the composition of our remuneration in line with the industry conditions and strengthened the incentives for value-added operations, investment development and other specialized businesses in order to fully motivate our employees.
• Vigorously put various measures in place to ensure timely collection of trade and bill receivables.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: CASBE

Certifications: Standardized ranking, Quality Management System, Environmental Management System, Occupation Health and Safety Management System, Compliance Test for Performance Capability, After-sales Service, Integrity Management System, Safety Risk Management System and Training Management System

Awards & Recognition

• 2023 Top 100 Property Management Companies in China (No. 35)
• Leading Enterprise in Property Service Market in Shandong Province (No. 3)
• Star-Level Service Company of Qilu Red Property