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Sino Land Joins Fingers with Hong Kong College of Science & Know-how to Try for Internet Zero Carbon by 2050 and Decide to Science-Primarily based Targets Pledge

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HONG KONG, June 5, 2021 /PRNewswire/ — As a part of its purpose in the direction of web zero emission by 2050 and to mark World Surroundings Day 2021, Sino Group (the ‘Group’) broadcasts that Sino Land Firm Restricted (‘Sino Land’) has joined the worldwide pledge to assist the Enterprise Ambition for 1.5°C, a United Nations (‘UN’) led marketing campaign calling on companies to set science-based targets geared toward limiting international temperature rise to 1.5°C above pre-industrial ranges. To realize this, Sino Land will collaborate with Hong Kong College of Science and Know-how (‘HKUST’) to set science-based targets and develop a holistic strategy in the direction of web zero carbon by 2050.

Sino Group strives to assist renewable power by means of the set up of photovoltaic panels at properties beneath its administration.

The collaboration will see Sino Land working with main lecturers and younger professionals to strengthen the environmental footprint by means of setting a strong roadmap and targets. A key final result can be an analysis of how Sino Land can additional enhance accountable power use inside its property ecosystem and make an actual long-term distinction.

‘Our HKUST analysis staff is happy to collaborate with Sino Land to develop a roadmap in attaining web zero carbon by 2050. We may even work with the staff to develop science-based targets to fulfill the objectives set within the Paris Settlement and decarbonise the constructed atmosphere,’ mentioned Professor Irene Lo, Chair Professor on the Division of Civil and Environmental Engineering, Hong Kong College of Science and Know-how.

This pledge serves as one of many many commitments by Sino Land to fulfil Surroundings, Social and Governance (ESG) and going past the UN Sustainable Improvement Targets. ‘Local weather change is actual, and it’s as much as all of us to actively work in the direction of a sustainable mannequin for the long run. As we speak, on World Surroundings Day, we’re happy to announce that Sino Land is becoming a member of arms with the worldwide enterprise neighborhood by signing onto the Enterprise Ambition for 1.5°C marketing campaign. Alongside our ongoing ESG objectives, we goal to mitigate local weather change by means of decarbonisation. We’re excited to be working alongside distinguished HKUST lecturers and younger professionals to set targets and roadmaps that proceed Sino Group’s imaginative and prescient of Creating Higher Lifescapes,” mentioned Mr David Ng, Group Affiliate Director of Sino Group.

As we speak’s announcement furthers Sino Group’s testomony to sustainability. In 2020, Sino Group launched its Sustainability Imaginative and prescient 2030 (“SV 2030′), setting a transparent route for sustainability to be embraced throughout the Teams cross-functional operations. This consists of attaining BEAM Plus certification for all new buildings and WELLTM certification for all upcoming tasks by 2030. Sino Land additionally joined the UN World Compact as a signatory in 2020, selling environmental duty by means of using revolutionary applied sciences, with property expertise taking part in a serious half.

Sino Group’s dedication to ESG additionally incorporates the ‘social’ facet into the centre of its sustainability technique, with points resembling psychological wellbeing and aesthetics a key facet of their long-term technique. The Group stays dedicated to engaged on revitalisation tasks, heritage conservation promotion, supporting the neighborhood, and fostering the humanities and tradition sector.

In 2020, Sino Land was a constituent member of the Dangle Seng ESG 50 index, among the many high ten of the fifth Hong Kong Enterprise Sustainability Index in addition to receiving scores in MSCI ESG Indexes, GRESB and Sustainalytics benchmarks.

About Sino Group

Sino Group is among the main property builders in Hong Kong. It includes three listed corporations – Sino Land Firm Restricted (HKSE: 083), Tsim Sha Tsui Properties Restricted (HKSE: 0247) and Sino Resorts (Holdings) Restricted (HKSE: 1221) in addition to non-public corporations held by the Ng Household.

The Group’s core enterprise is growing residential, workplace, industrial and retail properties on the market and funding. Along with an in depth portfolio in Hong Kong, the Group has footprints in mainland China, Singapore and Australia. The Group has developed greater than 250 tasks, spanning a complete plot ratio space of over 84.6 million sq ft. Our core enterprise is complemented by the gamut of property companies encompassing administration, safety and environmental companies to make sure a seamless Sino Expertise. We’re additionally a key participant in lodge and membership administration.

The Group employs greater than 11,000 devoted staff, who share the imaginative and prescient of making higher lifescapes. Lifescape is our imaginative and prescient – to construct a greater life collectively, the place the neighborhood thrives in concord by embracing inexperienced residing and wellness, by partaking with all and pursuing significant designs, and by searching for innovation whereas respecting heritage and tradition. Dedicated and collectively, we create a greater neighborhood the place folks reside, work and play. Within the 12 months 2021, the Group celebrates its fiftieth anniversary, commemorating our 5 a long time of community-building and dedication to Creating Higher Lifescapes.

The Group focuses its sustainability efforts on three areas, particularly Inexperienced Residing, Progressive Design, and Neighborhood Spirit. Sino Land Firm Restricted (083) has been a constituent member of the Dangle Seng Company Sustainability Index Sequence since September 2012 for its continuous efforts in selling sustainability.

www.sino.com

SOURCE Sino Group

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