(Hong Kong, June 16, 2023) China Overseas Land & Investment Limited (“COLI” or “the Company”, stock code: 0688.HK) is delighted to announce its inaugural inclusion in the “2023 Golden Bee Corporate Social Responsibility China Honor Roll” organized by Golden Bee Think Tank and Sustainable Development Economic Guide, in collaboration with CSR Europe and the Council for Better Corporate Citizenship (CBCC) of Japan. The Company has also won the “ESG Competitiveness · Carbon Peak & Neutrality Pinner Award” for its outstanding ESG performance, particularly in the field of dual carbon emissions.
The “2023 Golden Bee Corporate Social Responsibility China Honor Roll” was first published in 2008 and attracted over 4,000 companies and organizations to participate to date. This year, more than 300 companies were evaluated and analyzed for their corporate social responsibility performance. The selection criteria remained high-quality and rigorous and the selected companies were recognized as the industry’s role model and benchmark. With the Company’s outstanding performance in energy conservation and emissions reduction, COLI stood out from the crowd and was honored with the ” ESG Competitiveness · Carbon Peak & Neutrality Pinner Award “.
The Company proactively responded to the “3060 Decarbonisation Targets” set by China via taking green and low carbon development as the main direction of its development. In order to promote the decarbonisation work in an effective manner, the Company has established the “COLI Carbon Peak and Carbon Neutrality Working Leadership” and completed background research and analysis on dual carbon work, as well as comprehensive carbon audit. Also, COLI is one of the few companies in the industry that has set and disclosed medium-to-long-term decarbonisation targets of reducing at least 30% Scope 1 and 2 carbon emissions intensity per unit area by 2030 (2019 baseline year), and striving to achieve carbon neutrality by 2060.
COLI has demonstrated outstanding performance in decarbonisation, particularly in the area of green buildings. As of the end of 2022, the total number of green building project of the Company amounted to 569, with a total certified GFA of 98.69 million square meters. Among them, the most prominent is the China Overseas Building which has obtained a variety of pre-certifications including national three-star green building, three-star healthy building, nearly zero-energy building, WELL platinum and LEED platinum, with an aim to become the first Grade 5A high-rise office building in China with nearly zero-energy consumption and zero-carbon emission (operating stage), and was the only commercial project of zero-carbon building technology demonstration projects successfully approved by the Ministry of Housing and Urban-Rural Development of the PRC in 2022. Furthermore, COLI actively promotes green supply chain management and supports the green upgrading of the industry chain, The Company was awarded “Green Supply Chain Enterprises” by the ELITE Science and Technology Award. As 41 suppliers have obtained green product certifications up to the end of 2022, representing 62% of the total, COLI strives to achieve the target of no less than 65% of procurement of green building materials and green products by 2023.
Looking ahead, COLI will actively promote and implement dual carbon action plans. Through a series of decarbonisation technologies and initiatives, the Company will effectively reduce operational carbon emissions, thus meeting China’s requirements on “early peaking, low peak value, less back loaded emissions, short plateau period and deep carbon neutrality”. These efforts will solidify the Company’s industry-leading position in dual carbon development.
China Overseas Land & Investment Limited won 2023 Golden Bee “ESG Competitiveness · Carbon Peak & Neutrality Pioneer Award”
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