GlobalData offers a comprehensive analysis of Sino-Ocean 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 Sino-Ocean Group’s ESG performance. GlobalData’s company profile on Sino-Ocean 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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Sino-Ocean Group, a Hong Kong-based company, has set net-zero targets by 2050 as part of its sustainable development strategy. In terms of GHG emissions, Sino-Ocean Group, reported a total of 146,315.49 tCO2e in 2022, with 7,144.32 tCO2e from scope 1 emissions and 133,631.82 tCO2e from scope 2 emissions and 5,539.35 tCO2e from scope 3 emissions. In the year 2022, Sino-Ocean Group, witnessed 0.032 tCO2e/RMB ten thousand revenue of greenhouse gas emission intensity.
The company emphasizes its commitment to sustainable development and the importance of reducing emissions. It mentions the implementation of a carbon neutral strategy and the announcement of a "2050 Net Zero" project, indicating its dedication to addressing climate change and reducing its environmental impact. The company has set a target to reduce Scope 1 & 2 carbon emission intensity by 19% by 2025 across its residential development, property development & operation business, and other sectors, relative to the 2020 base year. It aims for all new projects to meet the National Green Building Standard and pursue higher certifications like the National Two-star/Three-star Green Building Label, US LEED certification, and WELL certification. Additionally, the goal is for 100% of self-held projects to achieve a high-star level of green building standards by 2025.
Sino-Ocean Group has taken steps to reduce its emissions and achieve its net-zero targets. The company mentions its support for eco-friendly protection in communities, villages, and cities, promoting the concept of low carbon and health. It also focuses on education, providing support to students in underdeveloped areas. The company has invested in projects related to sustainable supply chains, integrity training, trademark and patent management, and occupational health and safety. It has also implemented initiatives for energy consumption, water resources management, resource consumption, and waste management.
In conclusion, Sino-Ocean Group has set net-zero targets by 2050 and is actively working towards reducing its carbon emissions and achieving sustainability. The company has implemented various initiatives and projects to address climate change and promote a low-carbon and healthy lifestyle. The company's commitment to sustainable development is evident through its investments and efforts to reduce its environmental impact.
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