Referencing the final version of the ISSB's new IFRS S1 and S2 and TNFD beta v0.4 framework
HONG KONG, Oct. 5, 2023 /PRNewswire/ -- Sino Land Company Limited ('Sino Land'), a listed company of Sino Group (the 'Group'), reaffirms its commitment to sustainability with the adoption of eight principal local and global sustainability reporting standards and frameworks in its Sustainability Report 2023 (the 'Report'). Sino Land is one of the first developers in Hong Kong to publish the Report with reference to the International Sustainability Standards Board (ISSB)'s new IFRS S1 and S2, along with the Taskforce on Nature-related Financial Disclosures (TNFD) beta v0.4 framework, highlighting the solid progress in environmental, social and governance (ESG) performance of Sino Land during the period from 1 July 2022 to 30 June 2023 (the 'Period').
Sino Land has prepared its Sustainability Report 2023 with reference to eight key local and international standards and frameworks.
Keeping Abreast of Global Sustainability Reporting Standards
Mr K.T. Ting, Chief Operating Officer, Hong Kong Quality Assurance Agency (HKQAA), said, "We are delighted to help verify Sino Land's sustainability report and see the company has taken a significant step in sustainability reporting with reference to the final version of the ISSB's IFRS S1 and S2, published in June 2023, and the TNFD beta v0.4 framework. These contemporary and widely recognised standards have gained support from international bodies, enabling Sino Land to effectively communicate its sustainability performance to stakeholders while fostering accountability and driving continuous improvement."
Mr Daryl Ng, Deputy Chairman and Chairman of the ESG Steering Committee of Sino Group, said, "We hold a strong belief in the crucial role of businesses in driving decarbonisation and bolstering climate resilience. 2022 is a memorable year for the Group as our ongoing efforts to sustainability have been recognised by the international community. Sino Land participated in multiple ESG ratings and is humbled that our corporate efforts were recognised, including being selected as a constituent of the Dow Jones Sustainability Asia/Pacific Index, and our MSCI ESG Rating has been upgraded to "AA". These recognitions further underscore our dedication to sustainable practices and solidify our position as a dedicated industry participant. We extend an invitation to everyone to join us in actively working towards a greener and more sustainable future."
Strengthening Climate Resilience
Committed to strengthening climate resilience of our portfolio, Sino Land remains steadfast in its pursuit of addressing climate risk and implementing innovative green solutions. Performance highlights for the Period include:
Engaging the Public to Enhance Biodiversity
The Group recognises the vital role of biodiversity conservation in protecting our planet's well-being. In line with this, it has implemented meaningful initiatives aimed at promoting and preserving biodiversity, including:
Empowering Stakeholders and Communities
Sino Land appreciates the immense significance of individuals and remains steadfast in its commitment to empowering stakeholders. The company has achieved remarkable milestones during the Period, which include: