Guangdong Land focuses on the internal promotion and implementation of awareness in social responsibility-related measures and hopes to externally demonstrate a sense of responsibility and act as an exemplary role. Our core values of "three honests" and "four stricts" ("three honests" are to be honest in thought, word and deed; "four stricts" are to set strict standards for work, organisation, attitude and observance of discipline), and our corporate culture of "integrity, honesty, responsibility, collaboration and efficiency", fulfills the mission of corporate social responsibility and bring benefits to our employees, partners and the communities in which we operate.
As the society pays attention to sustainability issues, we are committed to integrating the concepts of environmental protection, social responsibility and corporate governance into our daily business operations. We have also established a sustainable development management structure with clear responsibilities and authorities, and delegated the responsibilities of supervision and execution to the Board-level committees and the management-level departments and business units to actively respond to market and future climate risks and challenges.
Environmental, Social and Governance Organisational Structure and their Respective Responsibilities
In order to improve the environmental, social and governance framework and implement the corporate philosophy of sustainable development, we established the ESG Committee in 2021, and set up the ESG Working Group to assist in managing the sustainable development performance of Guangdong Land. The ESG Committee has been delegated authority from the Board to determine the ESG management objectives, approaches and implementation paths. In response to the relevant policies and practices adopted, the Committee regularly monitors the implementation progress and effectiveness, leads and supervises the tasks of the ESG Working Group.
The enhanced management organisational structure is as follows. Corresponding terms of reference are in place to ensure that each governance unit clearly defines its responsibilities and effectively manages the ESG issues of each operation unit:
Highest hierarchy of leadership
Possesses the ultimate decision-making and supervision of environmental, social and governance (ESG) matters, including assessment of material ESG issues, management approach, strategy, and setting of objectives
Environmental, Social and Governance (ESG) Committee
Oversees the development and progress of ESG strategies and related matters
Determines ESG management objectives, approaches and implementation paths
Coordinates and supervises the work of the ESG Working Group
Environmental, Social and Governance (ESG) Working Group
Assists in facilitating the development of ESG strategy and related matters
Assists in the integration and implementation of corporate social responsibility, ESG measures and related information management and control