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Environmental

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Environmental concepts and Performance

In 2021, Longfor Group established the carbon peaking and carbon neutrality team. Focusing on the three main points: low carbon, green and health, Longfor Group implants sustainability within the entire life cycle of buildings throughout the five phases - siting, design, construction, operation and renewal. The aim is to improve the ESG environmental benefits of Longfor Group and work towards achieving scientific 'carbon peaking' for all projects throughout their entire life cycle. Ultimately, Longfor aims to reach the target of 'carbon neutrality' in the medium-to-long term.

100 %

In 2023, all new projects of the Group reach the national green building star rating standard
130 million sqm +

As of the end of 2023, the Group's accumulated area for projects that meet national green building standards
41 %

In 2023, the percentage of hot water generated by air-source heat pump in new projects applying air-source heat pump technology
27 %

In 2023, the percentage of hot water generated by solar energy in new projects applying solar water heating technology

Low-carbon and Green Development

Low-carbon and Green Development

Longfor Group combines sustainability throughout the entire life cycle of buildings, striving for green construction and the creation of 100% environmentally friendly and healthy buildings. Longfor continues to explore ultra-low-energy design, low-emission buildings, smart operation and maintenance. Our goal is to create healthy communities and realize our vision of low-carbon, green and healthy development.
Low-Carbon and Green Operations

Low-Carbon and Green Operations

Longfor Group leverages the closely integrated technologies of IoT, Internet and Platform to develop a remote monitoring platform for IBMS equipment, which covers all major equipment, and optimises energy consumption efficiency.
Urban Renewal

Urban Renewal

By renovating and upgrading the existing inefficient urban space, Longfor Group changes the functionality of the spaces, introduces high-quality industries, and implements rich scenes. This helps enhance the urban and industrial atmosphere of the entire region while promoting sustainable organic regeneration within the city."

Response to Climate Change

Dual Carbon Management
Response Strategies

Longfor Group has established a climate change governance system. This system is led by the Group's management, coordinated by the Carbon Peaking and Carbon Neutrality Team, and overseen by the ESG Committee. Its purpose is to promote the comprehensive implementation of the Group's climate strategy and climate risk management. The Board of Directors of Longfor Group holds the ultimate responsibility for risks and opportunities associated with climate change. They can authorize the ESG Committee to oversee the overall ESG management work, which includes identifying, assessing, and managing climate risks.

With reference to the information disclosure framework of the TCFD, and considering the Company's operational context, Longfor Group has conducted climate risk identification and analysis, and formulated corresponding countermeasures. The Group consistently monitors global climate change policies and industry trends and formulates a comprehensive Climate Change Policy. Longfor Group has rigorously assessed its carbon emissions and developed specific emission reduction strategies to effectively address and mitigate climate change risks.

Climate Change Policy

Low Carbon and Green Practices

Low Carbon Development of Residential
Green Mall Operation
Low-carbon Construction
Low-carbon Operation
Green Urban Renewal

Ecological Governance and Biodiversity

Longfor Group strictly complies with laws and regulations such as the Law of the People’s Republic of China on Environmental Impact Assessment, the Outline of the Natural Protection of the People’s Republic of China, and the Regulations on Environmental Protection Management of Construction Projects. We also have formulated the Biodiversity Framework, dedicated to fostering the symbiotic evolution of humanity and nature.
Throughout the construction phase, we integrate ecological preservation principles into our planning and design endeavors, actively conducting environmental impact assessments, ecological stewardship, and biodiversity conservation initiatives, with the aim of perpetuating environmental awareness among the populace and contributing to an eco-friendly urban landscape.

Sponge City
Ecological Governance

Chongqing Yunyao Yubi Project

By integrating the natural topography of the hilly slopes where the project is situated and considering the catchment of the site, Longfor Group employs low-impact development features such as permeable paving, green roofs, and rain gardens and from the perspectives of functionality, cost-effectiveness, practicality, and landscape aesthetics. Additionally, we install permeable slow-discharge pipes to facilitate rainwater infiltration, storage, and regulation, enhancing water utilization efficiency.
Chongqing Jingjing Jiuxu Project

To improve the water storage capacity, the project adopts low-impact technological facilities like bioretention system, green roofs, and permeable paving. As a result, we've achieved an annual runoff control rate of 74.30% and a pollutant removal rate of 50.91%. When selecting plants for rainwater garden construction, it's imperative to prioritize local species to effectively combat biological invasions. Furthermore, we undertake a comprehensive evalsuation of vegetation, taking into account its capacity for water storage, resistance to pollution, and drought resistance. This approach aims to enhance water efficiency while safeguarding biodiversity.

Water Ecological Treatment Project in Baxin Pond, Fuxian Lake, Longfor Xingtong Town

Longfor has developed a tailored ecological plan for the Baxin Pond water site in Xingtong Town, Fuxian Lake, Yunnan, aimed at enhancing the local environment and fostering biodiversity around Fuxian Lake. Our approach focuses on creating underwater ecological forests by planting diverse aquatic flora and reintroducing indigenous aquatic fauna, bolstered by microorganisms and benthic animals, fostering a stable, near-native aquatic ecosystem. Additionally, we employ eco-friendly water storage facilities to filter and harness rainwater, amplifying its retention capacity. To ensure the artificial lake's ecological equilibrium, dedicated personnel conduct daily monitoring and maintenance, ensuring river water purity even during dry seasons.
Ecological Management of Longtang Lake Park in Chongqing

Longtang Lake Park was constructed by the Group in the vicinity of Longhu Lijia Paradise Walk to uphold urban ecological stability. The park, prior to treatment, encountered challenges like hardened barges, aging equipment, and weak hydrophilicity. As a result, we developed a comprehensive ecological planning and design for Longtang Lake Park to safeguard and rejuvenate the original vegetation while creating an ecological barge to sustain ecological stability. Simultaneously, we integrated public recreation and entertainment functions without disrupting the park’s ecology, fostering an enhanced connection between humans and nature, and realizing the harmonious coexistence of both.

Green Finance

Longfor Group actively practices the concept of green finance. In 2020, Longfor established its green finance framework and obtained certification from an independent third-party rating agency, marking a significant stride in embracing green finance practices. During the reporting period, Longfor capitalized on green finance opportunities to advance sustainable development management, robustly fostered the growth of eco-friendly structures, and engaged in the establishment of sponge cities and smart cities.

2017

The National Development and Reform Commission approved the Group’s plan to issue three green bonds with a total offering size of RMB4.04 billion to develop the new Chongqing Longfor Lijia project and Shanghai Hongqiao Business District Phase I No.5 plot.
2020

The Group established a green finance framework in 2020. With strong financial standing and extensive experience in green building development, the Company has obtained the green certification and the Second-Party Opinion from Sustainalytics, a third-party organization, to be fully prepared for the future issuance of green bonds. All funds raised from the green bonds would be strictly used for the financing and refinancing of qualified green projects. The Group will disclose the use and allocations of funds in the annual sustainability report. The Group has established a special working group to concentrate on the development and certification of green building projects and implement the development and management of green projects systematically.
2022-2023

The Group was approved for a HK$3.45 billion syndicated loan facility with the SLL framework (Sustainability Linked Loan Framework). It requires the Company to select three ESG-related indicators and set corresponding goals, the attainment of which will result in cost savings. According to the implemented terms and conditions, the Company selects three ESG-related indicators and establishes corresponding targets that, when accomplished, will result in cost reductions. In pursuit of this objective, the Longfor Group has set annual targets for greenhouse gas emission intensity, as well as water use intensity (including water consumption by general contractors). Additionally, the Group monitors and enhances its sustainability performance by setting targets for the percentage of female employees in relation to the total workforce across its regions.