GlobalData offers a comprehensive analysis of China Jinmao Holdings 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 China Jinmao Holdings Group‘s ESG performance. GlobalData’s company profile on China Jinmao Holdings 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.
China Jinmao Holdings Group, a prominent real estate development company in China, actively pursues a green and low-carbon development model aligned with China's carbon peaking and carbon neutrality policies. The company has revised its management standards, outlining plans for carbon emissions and GHG reduction targets to advance energy conservation and carbon reduction initiatives systematically.
The excerpts from the company's 2022 ESG Report provide information on China Jinmao Holdings Group's carbon emission trends. In 2022, the company reported the following greenhouse gas (GHG) emissions figures: Scope 1 direct emissions amounted to 28,383.13 tonnes of CO2 equivalents, while Scope 2 indirect emissions totaled 240,987.49 tonnes of CO2 equivalents. The combined GHG emissions for the year reached 269,370.61 tonnes of CO2 equivalents, with a corresponding emission intensity of 17.91 kg of CO2 equivalents per square meter. In the building operation business, the GHG emission intensity per square meter for Scopes 1 and 2 emissions is targeted to decrease by 28.05% in 2025 compared to the base year of 2019.
As regards energy, the company's comprehensive energy consumption was 6.96 million tonnes of standard coal in 2022 as against 5.26 million tonnes in 2021. This upward trend suggests a need for more aggressive emission reduction measures. In terms of achievements, the excerpts mention a decrease in non-hazardous waste discharge from 5.62 million kg in 2021 to 2.97 million kg in 2022. Similarly, hazardous waste discharge decreased from 57,442 kg to 19,621 kg during the same period. These reductions indicate the company's efforts to minimize its environmental impact and promote sustainable waste management practices.
To achieve low-carbon and green operations, China Jinmao Holdings Group follows the "Ever Green Quality" strategy, emphasizing green health and smart technology. The company integrates green, low-carbon, and sustainable principles across the entire building lifecycle, including development, design, construction, operations, and management. Its commitment includes exploring and implementing practices for ultra-low-energy-consumption buildings, zero-carbon buildings, and enhancing energy efficiency in existing buildings. China Jinmao Holdings Group has also taken steps such as implementing management systems for health, safety, and environmental (HSE) responsibilities, as well as training programs for employees. The company has also established standards for supplier and contractor management, fire safety, and occupational health. These measures demonstrate the company's commitment to reducing emissions and ensuring the well-being of its workforce.
In conclusion, China Jinmao Holdings Group has set its focus on reducing its carbon emissions and achieving environmental sustainability. By implementing various management systems, promoting green building concepts, and investing in employee training, China Jinmao Holdings Group is actively working towards its emission reduction goals. The decrease in non-hazardous and hazardous waste discharge further demonstrates the company's progress in promoting sustainable practices.