As the PRC advances toward its 2060 carbon neutrality target through strategies such as expanding renewable energy, implementing a national carbon market, improving energy efficiency, and exploring carbon capture technologies, and as Singapore drives its Green Plan 2030 to achieve net-zero emissions and promote sustainable economic growth, the role of corporate environmental responsibility has become increasingly critical. Operating within these dynamic policy landscapes, Yanlord recognises the importance of managing its environmental footprint and addressing the reciprocal impact of climate change on its business. As a leading property developer, we are committed to supporting national climate goals while strengthening the resilience of our operations through responsible and forward-looking environmental practices. CLIMATE CHANGE Our commitment extends to adhering and exceeding the environmental and climate-related standards established by the policies in the regions where we operate. This section outlines Yanlord’s strategic measures and initiatives aimed at mitigating climate-related risks, enhancing resilience against climate impacts, and leveraging opportunities for sustainable development. These efforts reflect our dedication to positively contributing to the global fight against climate change, while ensuring the sustainability of our operations and the communities we serve. Yanlord adopts a two-pronged approach, focusing on: 1. Managing climate-related risks and identifying opportunities. 2. Promoting responsible use of natural resources through operational optimisation. GOVERNANCE Addressing climate-related issues is a key part of Yanlord’s broader sustainability agenda. To this end, Yanlord has established a dedicated Climate Change Risk Assessment Team to monitor and evaluate climate-related risks. STRATEGY Yanlord’s strategy for responding to climate change is part of our broader commitment to sustainable development. We aim to manage climate-related risks and opportunities to strengthen our resilience and sustainability throughout our entire value chain. Identification and Assessment: Our climate strategy begins with systematic identification and assessment of climate-related risks and opportunities. We evaluate the potential physical impacts of climate change on our properties and the transitional risks and opportunities arising from a transition to a low-carbon economy. Our goal is to understand how these elements may impact our investment portfolio and operational procedures. Decision-Making Integration: Insights from the climate-related risk and opportunity assessment are considered and integrated into our decision-making processes. The Climate Change Risk Assessment Team ensures that our strategic planning and operational decisions incorporate climate considerations and align our business objectives with environmental sustainability. Mitigation and Adaptation Measures: In response to identified risks and opportunities, Yanlord implements targeted mitigation and adaptation measures. These include enhancing energy efficiency, actively monitoring our energy consumption and emission, and improving resource management across our developments. Such actions are aimed at reducing our environmental impact while also mitigating potential financial risks associated with climate change. Stakeholder Engagement: Yanlord recognises the importance of collaborative efforts in addressing climate change. We engage with both internal and external stakeholders to implement green initiatives focused on energy, emissions, water, and waste. By sharing knowledge and driving collective action, Yanlord aims to advance sustainability across its operations and communities. Crisis Management: Yanlord has developed a Crisis Management Plan to strengthen our resilience to climate-related crises, particularly within our property investment and hotel operations. This plan aims to ensure preparedness and establish effective response mechanisms, thereby safeguarding our assets and stakeholders. The Crisis Management Committee of hotel operations supervises its implementation and regularly reviews its relevance and effectiveness to ensure its support is sufficient. Contents Introduction Approach to Sustainability Upholding Good Governance Caring for Our Customers Empowering Our People Preserving Our Planet Creating Shared Value for Our Society GRI Content Index 60 Yanlord Land Group Limited Sustainability Report 2024
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