China Resources Land

CR Land plans to align its strategy with the Chinese government’s target of achieving carbon neutrality by 2060. However, it has not set any interim reduction targets. The company should introduce targets to cover emissions from both its own operations and its value chain. The company should ensure that these targets align with its 1.5°C pathway. Furthermore, the company should set regularly spaced intermediate targets at gaps of no more than five years to incentivise near-term action.

There is evidence that the company makes steps toward low-carbon transition, such as conducting research and promoting green construction, but it does not have a clear low-carbon transition plan. The company should establish a time-bound action plan that outlines how it will transition to a low-carbon economy.

In 2021, CR Land completed the construction of the first zero-energy consumption model venue in China, the first nearly zero-energy consumption building complex in Shenzhen, and the demonstration centre for future advanced application and emissions reduction. The company can improve by developing more projects like these and making them a part of its future low-carbon business model. 

CR Land has not set emissions reduction targets, apart from carbon neutrality by 2060, in line with the Chinese government strategy. The company has not developed a vision of what its business will look like in a low-carbon future beyond small-scale actions. 

The company describes different measures to mitigate climate change, but all these initiatives lack details. CR Land plans to align its strategy with the Chinese government’s target of achieving carbon neutrality by 2060. However, it has not set any interim reduction targets and has not developed a transition plan. 

In 2021, the company completed 68 projects covering 9.4 million square metres that obtain green building certification. It invests in R&D in mitigation technologies, which include developing new building control technology and efficient operation of chiller plants in two pilot projects in China.  

In 2021, CR Land completed the construction of the first zero-energy consumption model venue in China, the first nearly zero-energy consumption building complex in Shenzhen, and a demonstration centre for future advanced application and emissions reduction. 

The company acknowledges climate change, invests in R&D in mitigation technologies and build low-carbon buildings. However, the company has not set emissions reduction targets and does not have a clear plan to achieve carbon neutrality.  

No evidence was found that CR Land commits to social dialogue or engages with the categories of stakeholders on a just transition. Furthermore, no evidence was found to demonstrate the company’s ongoing social dialogue and meaningful engagement with affected stakeholders.  

No evidence was found that the company undertakes low-carbon transition planning to mitigate the social impacts of the transition on workers, affected stakeholders and its business relationships. Additionally, no evidence was found to demonstrate the company’s engagement in social dialogue and with stakeholders in its just transition planning. 

No public commitment was found stating CR Land’s intention to create and support access to green and decent jobs as part of the low-carbon transition. Moreover, no evidence was found that the company’s action to promote these jobs is in a way that ensures gender balance and inclusion of vulnerable groups. Additionally, no relevant disclosure was found of the company’s assessment of employment dislocation risks.  

CR Land discloses the actions it takes to provide training opportunities for workers and affected stakeholders. For instance, it offers vocational skills training to villagers and provides online learning opportunities to its employees. However, no relevant disclosure was found of the company embedding equality of opportunity for women and vulnerable groups in these actions. Furthermore, no evidence was found that the company has a process for identifying skills gaps for workers and affected stakeholders or a public commitment to help workers displaced by the transition to re- or up-skill. 

No relevant disclosure was found to show if CR Land identifies impacts of the low-carbon transition on social protection for workers and affected stakeholders, nor how it contributes to social protection. Additionally, no evidence was found that the company expects its business relationships to contribute to the social protection of their workers and affected stakeholders.  

No relevant disclosure was found to show how the company identifies any misalignment of its lobbying activities with policies and regulations that support the just transition, nor of the measures it takes to address misalignment. Furthermore, no evidence was found that the company lobbies for policies and regulations for green and decent job creation; retention, education and reskilling; and social protection for workers. 

No policies or commitments of CR Land related to respect for human rights were found in the public domain. This includes the necessary policies and systems by which the company can ensure respect for basic human rights in its operations and supply chain. 

CR Land discloses some indicators of workforce diversity, including the age and gender of its workforce by employee category. However, no relevant disclosure was found of additional indicators of workforce diversity. Moreover, no evidence of the company’s policies or commitments related to other key decent work issues were found in the public domain. These issues include the provision of secure, safe and healthy workplaces, where workers are fairly renumerated and have a meaningful say in decision-making. 

No policies or commitments of CR Land related to key ethical business topics – personal data protection, tax, bribery and corruption, and lobbying and political engagement – were found in the public domain. This includes ensuring ethical business conduct throughout its operations and in its relationships with business partners.