RiseSun Real Estate Development

RiseSun does not have a designated person in senior management or on its board of directors responsible for climate change management and has not publicly announced plans to release a transition plan. The company implements several measures to improve the energy efficiency of the buildings managed, however a time-bound action plan that outlines how the company will transition to a low-carbon economy has not been developed. The plan should include medium and long-term targets, verifiable and quantifiable key performance indicators and financial commitments. It should be informed by scenario analysis to ensure that the plan’s ambition is sufficient for a 1.5°C pathway.

RiseSun has not set any emissions reduction targets. The company should develop a target that aligns with its 1.5°C pathway. This target should cover all of its building activities and value chain. Additionally, the company should set intermediate targets at gaps of no more than five years to incentivise near-term actions on the longer-term goal. The company should clearly report its base year emissions and any offsetting it intends to use to allow for a complete analysis of its targets and progress against them.

RiseSun only reports its sales area in the reporting year and the area of properties that meet the China Green Building Standard requirements. The company does not disclose in-use emissions intensity data or sufficient floor area and absolute in-use emissions data for the buildings in its portfolio 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.

RiseSun does not have a client engagement strategy. The company is engaged with its customers, but the topics of engagement mostly include customer satisfaction and feedback. Emissions reduction is not included in the scope of the engagement. The company can improve by creating a client-engagement strategy, governed by a clear policy and integrated into business decision-making.

RiseSun has not set any emissions reduction 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 beyond small-scale actions.

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

RiseSun implements several measures such as electric underfloor heating systems and heat pumps to increase the energy efficiency of the buildings it manages.

RiseSun does not disclose sufficient emissions intensity, absolute emissions or floor area data to analyse its performance to date. There is no evidence that the company has a strategy to engage its clients and suppliers to reduce emissions.

RiseSun does not explicitly acknowledge climate change as an issue. It is taking some steps towards increasing the energy efficiency of the properties it manages. The lack of targets, strategy and emissions intensity data suggests that RiseSun is not yet committed to the low-carbon transition.

No evidence was found of RiseSun’s commitment to social dialogue or of the categories of stakeholders the company engages with 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 by RiseSun was found stating its intention to create and support access to green and decent jobs as part of the low-carbon transition. Moreover, no evidence was found of the company’s action to promote 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 the company was found 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 RiseSun 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 RiseSun 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 RiseSun’s 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 RiseSun 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.