- New commercial property gross sales decreased 6.5% nationwide from the previous year
- Real estate market continued the downward trend in 2023
- Climate change risks
China Overseas Land & Investment Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, China Overseas Land & Investment Ltd. disclosed greenhouse gas emissions of 144.5K tCO2e/year. By scope: Scope 1: 10.4K tCO2e/year; Scope 2: 2.1K tCO2e/year; Scope 3: 134.1K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
144.5K tCO2e/year
2023
Renewable Energy
68% (Beijing China Overseas Finance Centre)
of total energy
Waste
32.6K tons/year (10 shopping malls)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 10.4K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 2.1K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 134.1K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Cumulative area of green building certification reached 110 million square metres
- Beijing China Overseas Finance Centre became the first zero-carbon commercial office building in Beijing
- Shenzhen China Overseas Building is the first Grade 5A high-rise office building in China with nearly zero-energy consumption in its operating stage
- Commitment to reduce ≥30% Scope 1 and 2 carbon emissions intensity per unit area by 2030 (2019 baseline year)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce at least 30% Scope 1 and 2 carbon emissions intensity per unit area by 2030 (2019 baseline year)
📅 Medium-term
- Reduce at least 30% Scope 1 and 2 carbon emissions intensity per unit area by 2030 (2019 baseline year)
- Achieve carbon neutrality by 2060
🔭 Long-term
- Achieve carbon neutrality by 2060
🌱 ESG Focus Areas
Good ProductsGood ServicesGood EffectivenessGood Citizen