As part of its goal towards net zero emission by 2050 and to mark World Environment Day 2021, Sino Group (the ‘Group’) announces that Sino Land Company Limited (‘Sino Land’) has joined the global pledge to support the Business Ambition for 1.5°C, a United Nations (‘UN’) led campaign calling on businesses to set science-based targets aimed at limiting global temperature rise to 1.5°C above pre-industrial levels. To achieve this, Sino Land will collaborate withHong Kong University of Science and Technology (‘HKUST’) to set science-based targets and develop a holistic approach towards net zero carbon by 2050.
The collaboration will see Sino Land working with leading academics and young professionals to strengthen the environmental footprint through setting a robust roadmap and targets. A key outcome will be an evaluation of how Sino Land can further boost responsible energy use within its property ecosystem and make a real long-term difference.
‘Our HKUST research team is pleased to collaborate with Sino Land to develop a roadmap in achieving net zero carbon by 2050. We will also work with the team to develop science-based targets to meet the goals set in the Paris Agreement and decarbonise the built environment,’ said Professor Irene Lo, Chair Professor at the Department of Civil and Environmental Engineering, Hong Kong University of Science and Technology.
As at May 2021, Sino Land is one of the first five real estate developers in Asia to join this global pledge. This pledge serves as one of the many commitments by Sino Land to fulfil Environment, Social and Governance (ESG) and going beyond the UN Sustainable Development Goals. ‘Climate change is real, and it is up to all of us to actively work towards a sustainable model for the future. Today, on World Environment Day, we are pleased to announce that Sino Land is joining hands with the global business community by signing onto the Business Ambition for 1.5°C campaign. Alongside our ongoing ESG goals, we aim to mitigate climate change through decarbonisation. We are excited to be working alongside distinguished HKUST academics and young professionals to set targets and roadmaps that continue Sino Group’s vision of Creating Better Lifescapes,” said Mr David Ng, Group Associate Director of Sino Group.
Today’s announcement furthers Sino Group’s testament to sustainability. In 2020, Sino Group launched its Sustainability Vision 2030 (“SV 2030’), setting a clear direction for sustainability to be embraced across the Groups cross-functional operations. This includes achieving BEAM Plus certification for all new buildings and WELL™ certification for all upcoming projects by 2030. Sino Land also joined the UN Global Compact as a signatory in 2020, promoting environmental responsibility through the use of innovative technologies, with property technology playing a major part.
Sino Group’s commitment to ESG also incorporates the ‘social’ aspect into the centre of its sustainability strategy, with issues such as mental wellbeing and aesthetics a key aspect of their long-term strategy. The Group remains committed to working on revitalisation projects, heritage conservation promotion, supporting the community, and fostering the arts and culture sector.
In 2020, Sino Land was a constituent member of the Hang Seng ESG 50 index, among the top ten of the 5th Hong Kong Business Sustainability Index as well as receiving ratings in MSCI ESG Indexes, GRESB and Sustainalytics benchmarks.