(Hong Kong, 19 May 2022) China Overseas Land & Investment Ltd. (“COLI” or the “Company”, stock code: 0688.HK) releases 2021 Environmental, Social and Governance Report.
During the year of 2021, we were named China’s Real Estate Industry Leading Company Brand for the 18th consecutive year, and ranked No. 1 in China’s real estate brand value and among the Top 30 Listed Mainland Real Estate Companies. Taking sustainability management as a necessary agenda towards our corporate vision and mission, we took initiatives to integrate ESG and other sustainability elements into our business model, where the Board of Directors is responsible for overall sustainability governance as well as assessing, determining and supervising the ESG risks related to our business.
COLI has firmly adhered to its sustainable development strategic framework of “a Company of Four Excellences”, for planning and achieving qualitative and quantitative sustainability targets. Given its strong performance in ESG rating, COLI continued to be included as a constituent of the Hang Seng Corporate Sustainability Index (for the 12th consecutive year) and Hang Seng ESG 50 index, and was rated as “low risk” by Sustainalytics in 2021. We were also rated BB in MSCI ESG Ratings, received 2-star rating under the Global Real Estate Sustainability Benchmarks (GRESB), and won many awards such as the “ESG Benchmark Awards – The ESG Leader (Platinum)” by the Institute of ESG & Benchmark.
Under China’s goal of achieving carbon neutrality by 2060, green and low-carbon development has become a key note for COLI in the future. We gradually refined TCFD climate-related disclosure and actively carried out assessment of regional climate risks, proactively carried out research on the development strategy and implementation roadmap for achieving carbon peak and carbon neutrality. On the financing side, we successfully issued the second green bond in 2021, the first green carbon neutrality bond among domestic peers.
2022 is the 30th anniversary of COLI’s listing on the Hong Kong Stock Exchange. The Company’s fruitful results today owe much to the long-term support and trust of various stakeholders. We hereby express our heartfelt gratitude to shareholders, employees, customers and different sectors of the community. Looking ahead, we will adhere to our brand philosophy of “building happiness and leading the trend”, core value of “Four Excellences” and the responsibility concept of “Each and Every Detail of Each and Every Project”, earnestly respond to the low-carbon green development goal and undertake our commitment to building a healthy and sustainable community for the new era.
COLI’s 2021 Environmental, Social and Governance Report is available on our official website. Please click and enjoy reading. (Chinese version) (English version)
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