CLIMATE CHANGE RISK MANAGEMENT Yanlord acknowledges the potential impact that climate change could have on our operations and remains dedicated to enhancing our capacity to mitigate and adapt to these challenges. We have taken into account the risks related to climate and implemented measures to adapt to climate changes across the stages of our properties’ lifecycle. These efforts are outlined in the following figures. Assessing climate-related risk during investment/land acquisition At the initial stage of any investment or land acquisition, Yanlord’s Investment Team conducts a comprehensive assessment of non-financial risks. This evaluation covers a wide range of factors, including: • Purchasing power in different regions and cities • Demand for various projects • Environmental and climate conditions, such as biodiversity, and specific climate scenarios across regions and seasons. This includes periods of heavy rainfall, the flooding season in the Yangtze River Delta, cold waves, and typhoons If these risks are assessed as manageable, appropriate mitigation measures are incorporated into the project’s design and construction phases. However, if any risks are deemed uncontrollable or likely to raise significant concerns among stakeholders, the team will immediately suspend the acquisition or investment process. Eliminating and mitigating risks during design and construction phases Yanlord adopts a proactive approach to identifying and mitigating risks during the design and construction phases, working closely with the Planning and Design Department. Once potential risks are identified, we develop tailored solutions that align with project budgets and available resources to effectively eliminate or reduce these risks. Our commitment to sustainable development is reflected in our focus on energy efficiency and emissions reduction, primarily through the construction of green buildings designed with the principles of ‘Green, Health, Comfort, and Safety. For example, Yanlord Gardens in Haikou project features designs that enhance building’s resilience to typhoon, prevent backflow and improve air-conditioning efficiency. Besides, the Riverbay Century Gardens in Nanjing addressed anti-freezing measures for outdoor equipment and pipelines by successfully integrating an electric heat system into the water pipe infrastructure of the outdoor equipment platform at the stacked villa property. Monitoring and managing climate or environmental factors during operational phase During the operational phase, Yanlord’s building management teams monitor and manage climate and environmental factors meticulously across our residential and commercial properties using various features and systems, outlined as follows: • Implementation of early warning systems for the detection of typhoons, flooding, and hurricanes. • Hydrological monitoring to keep track of environmental changes. • Deployment of emergency response protocols for natural disasters, including floods, typhoons, earthquakes, and hurricanes. • Establishment of crisis management strategies to ensure business continuity and safeguard stakeholders. • Provision of training for employees and conducting regular emergency drills to enhance readiness. A structured feedback mechanism is in place to support the continuous improvement of our property management operations. This system allows the property management team to collect and analyse insights from the field, helping to refine day-to-day processes. Valuable suggestions received may also inform the planning and design of future projects, ensuring that lessons learned are applied across developments. In our Hotels & Serviced Apartments operations, similar systems have been implemented. These include contingency plans for extreme weather events and comprehensive crisis management protocols, ensuring operational readiness and enabling a swift return to normal business activities when disruptions occur. As Yanlord continues to strengthen its approach to climate-related risks, we remain committed to enhancing our processes for identifying, assessing, and managing such risks. These efforts form part of our broader strategy to embed climate considerations into our enterprise-wide risk management and decision-making frameworks, thereby supporting long-term resilience and sustainability. 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 62 Yanlord Land Group Limited Sustainability Report 2024
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