The Zhitong Finance App learned that on January 1, 2024, Yuexiu Real Estate (00123) officially launched the “Personal Carbon Footprint” module in the ESG management system, according to the official WeChat account of Yuexiu Real Estate (00123). The module calculates personal travel carbon emissions data in real time, which helps encourage and promote green travel and enables all employees to participate in carbon reduction actions. At the same time, the module will support Yuexiu Real Estate to carry out Scope 3 carbon inventory work, which is of great significance for Yuexiu Real Estate to manage ESG work and achieve “double carbon” goals.

In recent years, global climate change and environmental pollution problems have become increasingly serious, and have become global challenges. On September 22, 2020, China first proposed the “double carbon” goal at the 75th session of the United Nations General Assembly: striving to reach carbon peak by 2030 and carbon neutrality by 2060. After the “double carbon” target was proposed, national and local governments at all levels actively promoted dual carbon work in various fields and industries and implemented the “1+N” policy system. “Double carbon” has become an important strategic direction in China. In terms of the regulation of listed companies, the Hong Kong Stock Exchange requires issuers to disclose Scope 1 and Scope 2 greenhouse gas emissions and densities, and published a consultation paper on April 14, 2023, which places higher requirements on climate information disclosure requirements, and includes Scope 3 emissions in the disclosure requirements. The revised rules will take effect on January 1, 2025.

As a state-owned listed company, Yuexiu Real Estate has responded positively to the national “dual carbon” strategy and the regulatory requirements of the Hong Kong Stock Exchange, and has begun to formulate the company's own “double carbon” goals and carbon reduction action plans and measures. In September 2023, Yuexiu Real Estate completed the creation of an ESG management system, using digital technology to enable ESG data management and ESG management decisions. After the ESG system platform was created, Yuexiu Real Estate actively thought about how to further combine the digital system with “dual carbon” work. Employees are the foundation of the company's work, and it is particularly important to create a “green and low-carbon” atmosphere among employees. Therefore, it is considering connecting employee travel platform data to the ESG system to develop a “personal carbon footprint” module.

The “Personal Carbon Footprint” module will record each employee's annual flight and train travel itinerary, automatically calculate the individual's annual cumulative carbon emissions and annual carbon emission savings, and display statistics on a monthly basis. This module will help employees understand the carbon emissions and monthly changes generated by their own travel in real time, encourage employees to develop carbon reduction awareness and implement carbon reduction actions, and thus form a “green and low-carbon” travel culture throughout the company. In addition, the module will form a database on employees' travel carbon emissions, support the statistics and disclosure of the company's future 3 carbon emissions data, and better meet the disclosure needs of regulators and relevant stakeholders.

This year marks the fourth anniversary of the country's proposed “double carbon” target. Yuexiu Real Estate will be guided by the national “double carbon” strategy to actively promote the company's “double carbon” goal formulation and form its own sustainable development plan. At the same time, Yuexiu Real Estate will continue to carry out the “double carbon” campaign, using the “personal carbon footprint” as a starting point to promote the concept of carbon reduction and ESG among all employees, and contribute Yuexiu's strength to improving global climate change and achieving the country's “double carbon” goals.