Climate Change Data

Yuzhou Properties Company Limited

Climate Impact & Sustainability Data (2019, 2020)

Reporting Period: 2019

Environmental Metrics

ESG Focus Areas

  • Green Buildings
  • Employee Health and Safety
  • Customer Satisfaction
  • Probity and Anti-Corruption
  • Community Investment
  • Sustainable Development Goals (SDGs)

Environmental Achievements

  • Achieved 100% green building certifications for projects by 2019. Over 8 million sq.m. of green GFA.
  • Implementation of green technologies such as BIM, prefabricated buildings, and sponge city design.
  • High rainwater utilization rates (e.g., 84% in Yuzhou Luna Sea Mansion).

Social Achievements

  • 98.9% employee training rate with an average of 58.3 training hours per employee.
  • 91.8% customer satisfaction rate.
  • Significant community investment (nearly RMB 4 million in Mainland China and over HK$30 million in Hong Kong).
  • Launched "Yuzhou Care for Children" initiative.

Governance Achievements

  • Established a sustainability taskforce in 2018.
  • Linked senior management remuneration to occupational health and safety performance.
  • Zero-tolerance policy on corruption.
  • MSCI ESG rating upgraded to BBB in 2019.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

  • SDG 1
  • SDG 3
  • SDG 8
  • SDG 11

Yuzhou Group's initiatives align with these SDGs through various programs related to poverty reduction, health and well-being, decent work, and sustainable cities.

Awards & Recognition

  • MSCI ESG rating upgraded to BBB
  • CarbonCare® Label
  • Charity Practice Award

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Green Buildings
  • Energy Efficiency
  • Pollution Prevention and Control
  • Renewable Energy

Environmental Achievements

  • Plans to increase green construction by about 35% in the next 3 years, resulting in reduced energy and material consumption.
  • All 800,000 m2 of projects under construction are expected to be compliant with Chinese Green Building Evaluation Label 1 star or above.
  • Monitoring and measuring GHG emissions at its offices since 2016.
  • Implemented initiatives to minimize construction waste through careful planning and maximizing reusable materials.

Social Achievements

  • Has a ‘Standardization Guideline on Safe and Civilized Operations’ which sets out guidelines and a mandate for on-site safety practices.
  • Compliant with ISO 45001 Occupational health and safety and holds regular employee health seminars.
  • Set out criteria for selecting suppliers and a tender mechanism under its “Regulations Governing Suppliers” and “Operational Guidelines for Procurement, Invitation and Submission of Tenders”.

Governance Achievements

  • Established a Sustainability Taskforce comprised of senior representatives from its Design Management Department, Property Management Department, Cost Management Center, and Finance Management Center to govern and implement the Green Finance Framework.

Climate Goals & Targets

Short-term Goals:
  • Increase green construction by about 35% in the next 3 years.

Environmental Challenges

  • Air, water, and soil pollution during the construction phase.
  • Biodiversity loss and land use change as a result of new project development.
  • Workers’ health and safety during construction.
  • Public opposition on project development.
  • Potential relocation risks posed on the local communities due to the new project developments.
Mitigation Strategies
  • Requires its contractors to strictly perform the duties of controlling emissions, including construction sewage, dust, as well as segregation of hazardous and non-hazardous waste which is then processed according to the local laws and regulations.
  • Implemented sufficient measures to mitigate environmental and social risks commonly associated with the eligible categories.
  • Encourages communications and engagement practices with existing residents and communities where the Company operates.

Supply Chain Management

Responsible Procurement
  • Set out criteria for selecting suppliers and a tender mechanism under its “Regulations Governing Suppliers” and “Operational Guidelines for Procurement, Invitation and Submission of Tenders”.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Green Bond Principles 2018, Green Loan Principles 2018

Certifications: ISO 45001

Third-party Assurance: Sustainalytics

UN Sustainable Development Goals

  • 7
  • 9
  • 11

The Green Finance Framework advances the UN Sustainable Development Goals 7 (Affordable and Clean Energy), 9 (Industry, Innovation and Infrastructure), and 11 (Sustainable Cities and Communities).