- Continuous downturn in the overall real estate market in the PRC.
- Reduced cash collection from sales.
- Difficulty in asset disposal and refinancing.
- Liquidity pressure due to limited access to external capital.
- Various litigation cases for unpaid borrowings, outstanding payables, and delayed project delivery.
Sino-Ocean Group Holding Limited
Greenhouse gas emissions & sustainability report data
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.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022 | 3.7M tCO2e (Legend Holdings and subsidiaries excluding Lenovo) |
| 2019-04 to 2020-03 | 168.28 tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Achieved the highest overall score among property developers in Mainland China in the S&P Global Corporate Sustainability Assessment (CSA).
- Received the highest five-star rating once and four-star rating three times in the Global Real Estate Sustainability Benchmark (GRESB) assessment.
- Achieved a CDP climate change rating of B, marking the highest rating among property developers in Mainland China.
- Maintained a “Low” ESG risk rating from Morningstar Sustainalytics.
- Implemented Sino-Ocean Healthy Building System in more than 145 projects in 51 cities across China, covering an area of over 27 million sq.m.
- 30 projects completed WELL registration, 14 projects officially obtained WELL certification.
🎯 Climate & Sustainability Targets
🔜 Short-term
- High-quality delivery, sustainable operation, promotion of an asset-light model.
📅 Medium-term
- Accelerate disposal of non-efficient resources, maintain stable operation of non-development businesses, steadily process domestic and offshore debts management.
🔭 Long-term
- Achieving carbon neutrality by 2050.
🌱 ESG Focus Areas
Climate ChangeEnvironmental ProtectionEmployee Well-beingCommunity InvestmentSustainable Development