GlobalData offers a comprehensive analysis of Longfor Group, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Longfor Group‘s ESG performance. GlobalData’s company profile on Longfor Group offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Longfor Group, a real estate company based in China, is committed to reduce its carbon emissions as part of its sustainability efforts. In September 2020, China announced its carbon peak and carbon neutrality goals. In alignment with this, in 2022, a distinct Carbon Peak and Neutrality Team was established by Longfor Group, tasked with consistently monitoring carbon markets and regulatory mandates. For example, the company has established a goal to achieve a 15% reduction in carbon emission intensity per unit area by the year 2030.
In terms of carbon emissions, Longfor Group, reported a total of 608,998.11 tCO2e in 2022, with 21,372.96 tCO2e from scope 1 emissions and 587,625.15 tCO2e from scope 2 emissions. In the year 2022, Longfor Group witnessed a 15.2% decrease in carbon emissions per RMB10,000 of revenue, registering at 0.02430 tons of CO2 equivalent, in contrast to the figures from 2021. To achieve its carbon emission targets, the company has implemented measures aimed at reducing emissions. These initiatives include investments in low-carbon operations and green building projects and obtaining green building certification. Additionally, the company has introduced energy-saving practices, consumption reduction measures, and waste management strategies.
Longfor Group has internal policies and follows relevant laws and regulations to ensure environmental sustainability. These include policies on climate change, biodiversity, and environmental protection. The company also complies with laws such as the Water Pollution Prevention and Control Law and the Law of the People's Republic of China on the Prevention and Control of Environment Pollution Caused by Solid Wastes.
In conclusion, Longfor Group aims to reduce its carbon and GHG emissions. The company has implemented various measures and investments to achieve these targets, including initiatives for energy conservation, waste management, and green building.
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