On 30 May 2024, the Symposium on "Building a Livable, Competitive and Sustainable City" and the Award Presentation Ceremony of "Hong Kong Green and Sustainable Contribution Awards 2024" organised by the Hong Kong Quality Assurance Agency (HKQAA) were held at the Hong Kong Convention and Exhibition Centre.Yuexiu Property was awarded the "Mentor Pioneer Award for ESG Connect"in recognition of its outstanding practices in promoting the development of the ESG ecosystem, and in the areas of environment (especially as a pioneer in green building), society and governance.

Mr Jiang Yongjin, Assistant General Manager of Yuexiu Property (Left), Mr Chan Pui-cheong, Chief Executive Officer of HKQAA(Right)

Building inclusive, safe and resilient sustainable cities is one of the Sustainable Development Goals (SDGs) proposed by the United Nations, and the event was attended by more than 1,000 senior executives from different sectors, including government departments, regulatory bodies, chambers of commerce, social enterprises, Chinese and foreign financial and industrial institutions, academic institutions and environmental protection associations. Through the "ESG Connect Programme", different types of organisations will be led to build an ESG ecosystem, and organisations with practical experience in ESG will be encouraged to share their valuable experience with the industry to promote the sustainable development of ESG.

Nearly 200 companies participated in the "Hong Kong Green and Sustainable Contribution Awards 2024", andonly 10 organisations were awarded the "Mentor Pioneer Award for ESG Connect", of which Yuexiu Property was one of the winners. This award recognises Yuexiu Property's outstanding performance and contribution to the sustainability goals, and encourages more companies to contribute to environmental protection and social development through its influence, thus promoting the sustainable development of the ESG ecosystem.

Yuexiu Property Was Awarded “Mentor Pioneer Award for ESG Connect”

Initiated by the HKQAA, the "HKQAA ESG Connect Programme" aims to promote the sustainable development of ESG through the establishment and development of the ESG Connect ecosystem. As a company listed on the Hong Kong Stock Exchange, Yuexiu Property is the first to join the "HKQAA ESG Connect Programme" and become a mentor organisation, demonstrating leadership in ESG practices, promoting the development of the ESG ecosystem, and contributing to the sustainable development of the industry and the community.

Yuexiu Property has always adhered to the concept of sustainable development, and it has included ESG management of the whole life cycle of buildings in its 2023 ESG report for the first time to create a property enterprise with a sustainable whole life cycle of buildings. We insist on carrying out green and low-carbon management for the whole life cycle of buildings, and continuously improve the positive impact on the environment in all aspects of the projects. In recent years, Yuexiu Property has vigorously developed ultra-low-energy buildings and near-zero-energy buildings, established an ultra-low-energy building system, continuously improved energy conservation and carbon reduction, improved building quality, and provided customers with green, low-carbon, and healthy residential and commercial products, contributing to carbon peaking and carbon neutrality in the construction sector. In 2024, Yuexiu Property will build the company's first "double-zero" energy-consumption building.

To help the country achieve the goals of carbon peaking by 2030 and carbon neutrality by 2060, Yuexiu Property disclosed the company's dual-carbon targets and carbon reduction blueprint for the first time in the 2023 ESG report, and plans to further develop a Science-Based Targets (SBT). Based on Yuexiu Property's sustainable development philosophy of understanding the whole life cycle of a building, Yuexiu Property plans for more in-depth targets in the dimensions of building carbon emission reduction, green construction, circular economy, and water neutrality, such as achieving net-zero emissions in the value chain by 2060, reaching water neutrality in its own operations by 2060, and zero waste to landfill by 2060, to continuously reduce the environmental impact in the project development process.

Looking ahead, Yuexiu Property will continue to uphold the corporate mission of "Where Good Living Starts" and commit to enhancing the effectiveness of ESG management and promoting sustainable development. Yuexiu Property always believes that its sustainable development philosophy will create a positive societal impact, and is willing to play its part in sharing its ESG practice experience with the industry and building an ESG ecosystem; and is willing to co-operate with all stakeholders to create a prosperous and better future.