Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainable Bonds

Environmental Achievements

• Construction of green buildings meeting national standards
• Sponge City Project for stormwater management and water pollution prevention

Social Achievements

• Development of affordable housing
• Creation of employment opportunities at Taizhou Agricultural and Sideline Products Distribution Centre
• Construction and expansion of Taizhou Agricultural and Sideline Products Distribution Centre to promote food security

Governance Achievements

• Established a comprehensive corporate governance structure
• Developed protocols relating to financial management, budget management, capital management, management of physical assets, discipline inspection and supervision, management of external guarantees, management of connected transactions, management of subsidiaries, human resources management and management of information disclosure

Climate Goals & Targets

Environmental Challenges

• Slowdown in the growth of China’s economic development
• Effects of global economic events
• Significant influence of Taizhou Municipal Government
• Significant accounts receivables
• Net cash outflows from operating and investing activities
• Substantial capital expenditure requirements
• Fluctuations in operating profit
• Significant indebtedness
• Risks related to inventory
• Project development risks and cost overruns
• Reduction in government subsidies and grants
• Potential fines or penalties from the PRC government
• Risks related to toll road business
• Risks related to real estate sector
• Risks related to implementing growth strategy
• Compliance with PRC laws and regulations
• Compliance with environmental, safety, and health regulations
• Retaining and hiring qualified employees
• Fraud or misconduct
• Litigation risks
• Inconsistent PRC legal system
• PRC foreign currency policy
• Depreciation of the Renminbi
• Rising inflation rates
• Restrictions on dividend payments
• Risks related to SAFE registration
• Risks related to NDRC filings
• Unsecured obligations
• Lack of active trading market for Bonds
• Interest rate fluctuations
• Exchange rate risks
• Developments in other markets
• Differences in insolvency laws
• Potential early redemption of Bonds
• Issuance of additional securities
• Potential indemnity requests from Trustee
• Modifications and waivers to Bond terms
• Reliance on clearing system procedures
• Tax implications for Bondholders
• Restrictions on dividend payments from subsidiaries
• Additional procedures for legal disputes
• Potential change in English law
• Potential rating downgrade
• Influence of significant Bondholders
• Sustainability-related risks

Mitigation Strategies

• Diversified financing channels
• Comprehensive internal control procedures
• Strict financial management policies
• Insurance coverage
• Investment in employee development
• Discipline Inspection Office for combating corruption
• Hedging against foreign exchange risk
• Reliance on government support

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Green Bond Principles 2021, Social Bond Principles 2023, Sustainability Bond Guidelines 2021, Green Loan Principles 2023, Social Loan Principles 2023

Third-party Assurance: Sustainable Fitch

UN Sustainable Development Goals

• Goal 7
• Goal 13

The report mentions alignment with several SDGs, including Goal 7 (Affordable and Clean Energy) and Goal 13 (Climate Action), through initiatives like green buildings and climate change adaptation projects.