Included in S&P Global Sustainability Yearbook for the First Time
HONG KONG, March 8, 2023 /PRNewswire/ -- Sino Group is pleased to announce that Sino Land Company Limited ('Sino Land') has received recognition from international professional bodies marking an important ESG milestone in the Company's corporate sustainability efforts. Sino Land has had its MSCI ESG (Environment, Social, and Governance) Rating upgraded to "AA", been included in the S&P Global Sustainability Yearbook for the first time, and been rated a Regional Top-rated ESG Performer by Sustainalytics. All of these are considered stellar recognitions of its commitment to driving ESG in the real estate industry.
Mr Daryl Ng, Deputy Chairman and Chairman of the ESG Steering Committee of Sino Group, said, 'We believe that businesses play a key role in creating a more sustainable future and are committed to creating shared value to all our stakeholders. These international recognitions are testament to our sustained efforts in environmental stewardship and social responsibility, while motivating us to do more and better towards the best sustainable business practices among the world's leading companies. We are also heartened that our like-minded partners and dedicated colleagues are passionate to join us on our sustainability journey.'
MSCI ESG Ratings aim to measure a company's management of financially relevant ESG risks and opportunities relative to industry peers. AA rated companies are classified as 'leading its industry in managing the most significant ESG risks and opportunities'. With the upgrade in its rating to AA in the latest sustainability ratings, Sino Land has been recognised as an industry leader, demonstrating a marked improvement over the previous year's score.
S&P Global, a leading financial solutions provider, has released its Sustainability Yearbook 2023. The Yearbook recognises companies that demonstrate top sustainability practices within their industries based on the annual Corporate Sustainability Assessment (CSA). Being selected for the S&P Global Sustainability Yearbook indicates that Sino Land has scored within the top 15% among its real estate peers. From 7,800 assessed companies across 61 industries worldwide, only 712 top performing companies made it into the 2023 edition, of which 13 are based in Hong Kong.
Sino Land has also been recognised as a Regional Top-rated ESG Performer in Sustainalytics' ESG Risk Ratings, out of more than 14,000 companies across 42 industries globally, in recognition of effective management of ESG-driven risk. Morningstar Sustainalytics is a leading independent ESG research, ratings, and analytics firm that supports investors around the world with the development and implementation of responsible investment strategies.
Taking a further step to align our reporting with leading standards, Sino Land is pleased to present its standalone Climate Action Report, formulated in alignment with Task Force on Climate-related Financial Disclosures ("TCFD") recommendations. Being one of the pioneer developers in Hong Kong to publish a standalone Climate Action Report, Sino Land aims to disclose its efforts in identifying, assessing and managing climate-related risks and opportunities that are material to the business. The Report also covers Sino Land's comprehensive strategies and actions to mitigate climate-related risks, and to seize opportunities to bolster the climate resilience of our portfolio.
Sino Land Receives “AA” Rating from MSCI Signifying ESG Industry Leader Status
