GREEN BUILDINGS | TARGET AND PERFORMANCE Waste Management The scope of waste generation1 includes all Managed Properties, Hotels & Serviced Apartments in the PRC and Singapore. All waste is disposed through licensed third-party contractors in the PRC and Singapore. Both hazardous and non-hazardous waste are segregated within the premises and collected regularly by the third-party vendors for proper disposal. Hazardous waste comprises waste cooking oil and batteries from our hotels. Non-hazardous waste comprises domestic waste and recyclables. The respective waste generation and intensity2 for Managed Properties and Hotels & Serviced Apartments are presented in the charts below. PRC In FY 2024, total waste generated3 from our operations in the PRC increased significantly to 26,439 tonnes, up from 16,343 tonnes in FY 2023. The increase was primarily driven by the first full-year operation of Yanlord’s shopping malls in Haikou and Suzhou, as well as newly opened office buildings in Shenzhen. These additions, coupled with higher footfall and intensified commercial activities, led to increase volumes of daily operational waste. The rise was mainly observed in general refuse, including food waste, packaging materials, and cleaning waste commonly generated in high-traffic commercial and hospitality environments. As in previous years, the vast majority of the waste generated was non-hazardous in nature. In addition, our Hotels & Serviced Apartments business implemented effective resource management measures during the reporting period, reducing the supply of consumables and thereby reducing waste generation. Singapore In Singapore, only non-hazardous waste — comprising general waste and recyclables such as paper, plastic, metals, and glass — was generated and disposed of. In FY 2024, total waste generated3 reached 1,174 tonnes, a slight increase from 1,155 tonnes in FY 2023. The increase was mainly due to higher occupancy rates in our managed shopping centres and office buildings. Dairy Farm Mall’s waste data was not collected separately during the reporting period and is therefore not included in the total waste generated. 1 The waste generated of Managed Properties and Serviced Apartments covers buildings’ common area only. 2 Waste generated intensity is calculated based on the total amount of waste generated per GFA. 3 Discrepancies between the total waste generated and the sum of waste generated of both business units are due to rounding adjustments. Hotels & Serviced Apartment Hotels & Serviced Apartment Managed Properties Managed Properties 8.24 8.05 3.89 2.95 7.94 10.26 3.73 2.13 15.81 7.90 3.69 1.36 25.73 7.14 3.13 1.29 FY 2021 FY 2022 FY 2023 FY 2024 FY 2021 FY 2022 FY 2023 FY 2024 FY 2021 FY 2022 FY 2023 FY 2024 FY 2021 FY 2022 FY 2023 FY 2024 5,262 1,002 828 120 2,690 1,678 5,819 1,214 765 87 15,536 1,107 802 2 4 48 25,655 1,129 747 30 8 46 Waste Generated in the PRC Waste Generated in Singapore n Non-hazardous Waste (tonnes) n Hazardous Waste (tonnes) • Intensity (kg/m2) 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 73 Yanlord Land Group Limited Sustainability Report 2024
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