CR Land Sustainability Policy
1 Purpose
China Resources Land (CR Land or the Company) has consistently prioritized sustainable development as a crucial component of our corporate strategy. To further elaborate our ESG concept, we have formulated the sustainability vision of “to become the most influential urban investor, developer and operator”. Focusing on the six areas of ESG performance (Corporate Governance, Employee Development, Product Service, Win-win Partnership, Environmental Benefit, Community Contribution), we have developed this policy to manage our impact on the environment, society, and economy by joining hands with our stakeholders, including shareholders, employees, customers, partners, environment and the public. We are committed to incorporating sustainability into every aspect across our business operations and collaborating with stakeholders to ensure a shared vision for a better life.
1.1 CR Land complies with all applicable sustainability-related laws, regulations and industry standards in the respective jurisdictions of business operations. Meanwhile, we have formulated multiple internal policies on sustainability-related issues such as CR Land Anti-corruption Policy, CR Land Whistleblowing Policy, CR Land Climate Change Response Policy to affirm our commitment to conducting business operations in environmental, social and economic responsible approaches.
1.2 This Policy is applicable to CR Land and its major regions, business divisions and specialized companies. All business partners (including partners, contractors and suppliers) are encouraged to comply with this Policy.
2 Content
2.1 Join hands with shareholders to integrate ESG concepts into business management, strengthen the identification and management of risks and opportunities, improve the transparency of business operations, disclose climate-related financial information in accordance with TCFD recommendations, and expand our influence in the capital market.
a) Adopt the board diversity policy by considering multiple factors including gender, age, educational background, professional knowledge, skills and industry experience to achieve board diversity.
b) To fully integrate the Board into sustainability management, Board members regularly receive related trainings to enhance their ESG awareness and establish effective and regular sustainability management system.
c) Formulate internal policies including Code of Business Conduct, CR Land Anti-corruption Policy and CR Land Whistleblowing Policy to clarify business compliance requirements for executives and all employees and provide training and publicity activities on business ethics and anti-corruption covering the supply chain.
2.2 Join hands with employees to improve the occupational health and safety management system, create a fair and diverse employment environment and a safe and healthy working environment, strengthen training and empowerment, and enhance employees' sense of occupational safety, gain and happiness.
a) Establish health and safety objectives covering the supply chain, protect the rights and interests of all employees and employment and labors across the supply chain, and ensure effective management to mitigate health and safety risks in business operations.
2.3 Join hands with customers to improve quality management, use "product innovation" and "product standardization" to ensure high quality, upgrade community products in an all-round way; improve product service quality and perception, promote affordable housing construction, and empower the regeneration of better city life.
a) Regularly launch responsible marketing and product quality and safety training for all employees and the supply chain, and organize business-related responsible marketing trainings for market practitioners to ensure sales and marketing practices in compliance with laws, regulations, social norms and ethical standards.
b) Provide customers with products and services beneficial to society and the environment, regularly make knowledge on green building and environmental-friendly products, as well as the positive impact on society and the environment of services widely attainable to consumers and guide them to purchase green building and environmental-friendly products.
2.4 Join hands with partners to deepen cooperation with tenants and jointly improve environmental and social benefits; trickle down the ESG concept to all links in the upstream and downstream of the supply chain, improve suppliers' awareness and effectiveness of responsibility fulfillment, and promote the symbiosis, win-win result and common growth of partners in different fields.
a) Continue to promote sustainable procurement, select suppliers advocating sustainable development, and encourage stakeholders including customers and tenants to use products and services of CR Land in a responsible manner.
2.5 Join hands with the environment to integrate the concept of green development into all aspects of business operations, improve the environmental management system, and promote the development of green buildings; actively respond to global climate change, and help achieve China’s "30·60" Decarbonization Goal.
a) Formulate and implement science-based short-term carbon reduction targets and long-term goal of realizing carbon peak by 2030 to reduce carbon emission.
2.6 Join hands with the community to consolidate the effective connection between the achievements of poverty alleviation and rural vitalization, actively carry out public welfare and charity activities, and form branded projects; actively build the vitality of the community where the project is located, maintain local characteristics, create long-term value, and promote positive interaction with the society.