On 27 August 2024, the 4th Forum on Social Value of State-owned Enterprises (SOEs) and the ESG China-Guangdong, Hong Kong and Macao Greater Bay Area Corporate Social Responsibility Conference were held in Guangzhou. The forum officially released research reports, including the “Blue Book of Corporate Social Value of State-owned Enterprise in the Greater Bay Area (2024)” and the “ESG Blue Book of State-owned Enterprise Listed Companies in the Greater Bay Area (2024)”. It also announced the lists for the “Greater Bay Area State-owned Enterprises ESG Development Index (2024)” and the “China ESG Listed Company Greater Bay Area Pioneer 50 (2024)”, honoring outstanding cases and pioneering units. Yuexiu Property Co., Ltd. was once again selected as one of the “Greater Bay Area State-owned Enterprises ESG Development Index” and “China ESG Listed Company Greater Bay Area Pioneer 50” for its outstanding ESG performance.

The forum was jointly organised by the China Enterprise Reform and Development Research Association, Guangdong SASAC, and the Responsibility Cloud Research Institute, with the participation and coverage from CCTV. Attendees included the SASAC of the State Council, SASAC of Guangdong Province, SASAC from nine municipalities in the Greater Bay Area, SASAC from other provinces and municipalities, central enterprises and their subsidiaries in Guangdong, over a hundred provincial and municipal enterprises and holding listed companies, as well as representatives from renowned media outlets.

The “Greater Bay Area State-owned Enterprises ESG Development Index” evaluates 100 listed companies controlled by state-owned enterprises in the Greater Bay Area, using an ESG management questionnaire as a basis. It systematically analyses the current state of ESG governance among these companies. Enterprises are selected based on their overall performance and specific achievements in three areas: ESG governance, social value, and risk management. Yuexiu Property ranked 9th among the top 30 companies.

The “China ESG Listed Companies Greater Bay Area Pioneer 50” was released by CCTV. A total of 972 listed companies were selected in the sample, from which 202 listed companies in the Greater Bay Area were selected for evaluation. Through the comprehensive assessment of ESG governance, social value and risk management level, 50 listed companies were identified for their excellence in ESG governance, practices and significant results. Among them, Yuexiu Property ranked 46th on the list of “China ESG Listed Companies Greater Bay Area Pioneer 50”.

In addition, the forum also included a ceremony to present rating certificates to state-owned enterprises in the Greater Bay Area. Yuexiu Property's 2023 ESG Report received a "Four-and-a-half-star" rating, and was evaluated by experts as having an “industry-leading level of development”.

Yuexiu Property's re-selection as part of the "Greater Bay Area State-owned Enterprises ESG Development Index" and "China ESG Listed Company Greater Bay Area Pioneer 50" acknowledges its efforts and outstanding performance in ESG over the past year. Moving forward, Yuexiu Property will continue to uphold the principles of sustainable development, steadfastly pursue this path, and align with the national “30|60 dual-carbon” goals. Embracing the corporate spirit of “Beyond Excellence”, the company will enhance its ESG management system, actively promote green and low-carbon buildings, green finance, and a green supply chain. Yuexiu Property aims to achieve even greater ESG performance and make significant contributions to the low-carbon transformation of the real estate industry and the overall green transformation of economic and social development.