Greenland Holdings

Greenland Holdings has not set any emissions 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. Additionally, the company should clearly report its base year emissions and disclose any use of offsets, to allow for a complete analysis of its targets and progress against them.

Greenland Holdings does not disclose its expected in-use emissions intensity data, or sufficient floor area and in-use absolute emissions data, for the buildings it developed in 2021 or previous years. As a result, it is not possible to provide a meaningful assessment of the company’s past emissions trend or projected future performance. Greenland Holdings also does not quantify commitments to perform renovations for clients to significantly reduce the emissions intensity of existing buildings. The company has not committed to developing low-carbon buildings in the future.

There is no evidence that Greenland Holdings has a low-carbon transition plan. The company should establish a time-bound action plan that outlines how it will transition to a low-carbon economy. This should include medium and long-term targets, verifiable and quantifiable key performance indicators and financial commitments. The plan should be informed by scenario analysis to ensure that the plan’s ambition is sufficient for a 1.5°C pathway.

Greenland Holdings has not set any emissions targets, nor any other quantified measures of success. The company has not developed a vision of what its business will look like in a low-carbon future.

The company does not have a low-carbon transition plan and there is no evidence it intends to develop one in the near future.

Greenland Holdings state that it is investing in ‘green technologies’ but does not provide further details. There is no other evidence that the company is transitioning to a low-carbon economy.

Greenland Holdings does not publish sufficient data to meaningfully assess its transition to a low-carbon economy to date.

The company lacks emissions data transparency and targets, as such it is unclear if it aims to transition to a low-carbon future or has the mechanisms in place to monitor this change.

No evidence was found that Greenland Holdings 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 of the company undertaking 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 Greenland Holdings’ 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 promotes these jobs 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.

No public commitment by Greenland Holdings was available stating its intention to re- and up-skill workers displaced by the transition to a low-carbon economy. Additionally, no evidence was found that the company re- and up-skills workers in a way that ensures gender balance and inclusion of vulnerable groups.

No relevant disclosure was found to show if Greenland Holdings 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 Greenland Holdings 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 Greenland Holdings 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.

No evidence of the Greenland Holdings’ policies or commitments related to 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 Greenland Holdings 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.