SUSTAINABILITY REPORT

Sustainability report

Built on traditional industry and prepared for future's growth, Longfor Group has been working towards a future-oriented enterprise.

Longfor Group always fulfills its responsibility as a corporate citizen as it clings to firm strategy and steady development.

Thanks to its prominent performance in environmental protection, social responsibility, and corporate governance, Longfor Group was selected as a constituent of the HSCEI ESG Index. The world's largest index provider MSCI has upgraded the ESG rating for Longfor Group to BBB, GRESB has identified Longfor Group as"3 Green Star", and Sustainalytics, the global leading ESG rating and research company, issued the ESG rating for Longfor Group to"Low Risk"with risk score of 15.8, the lowest among Chinese developers.

  • Board
  • ESG Committee
  • ESG Working Group
GOVERNANCE

In August 2020, Longfor Group officially launched the Environmental, Social and Governance (ESG) Committee at board level to oversee sustainability at the Group's decision-making body.

Furthermore, it set up a group-wide ESG Working Group to systematically manage the work and ensure the execution of policies and measures.

Sustainable
Development Policy

To more effectively facilitate all departments to perform the sustainability strategy of Longfor Group, the Group has developed sustainability policies including Environmental Management Policy of Longfor, Human Rights Policy of Longfor, and Supplier Code of Conduct of Longfor.

The ESG committee supervises the sustainability policies of Longfor Group, and the ESG Working Group is responsible for further implementation of policies as all business lines carry out the policies.

CARBON?PEAK
AND?NEUTRALITY

Dual carbon practice and exploration

Longfor is committed to becoming a leading space construction service enterprise in the industry. In the future, Longfor will focus on low-carbon, green and health, combine sustainable development with the full life cycle of buildings, and run through five stages: site selection, design, construction, operation and renewal.

Help to improve the environmental benefit performance of Longfor ESG, and strive to achieve scientific "carbon peak" in the full life cycle of all projects until the goal of "carbon neutralization" is completed in the medium and long term.

Green Finance

In December 2020, Longfor Group established a green finance framework and received Second-Party Opinion from Sustainalytics, an independent third-party rating agency.

Based on this framework, Longfor Group will continue to practice the green concept and invest in qualified green projects in the future.

longfor in action