Yango Group

Yango group 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, i.e. property management, property development and construction. Additionally, the company should set intermediate targets at gaps of no more than five years to incentivise near-term actions on a 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.

Yango Group does not disclose any emissions intensity, absolute emissions or floor area for its property management activities between 2016 and 2021. As a result, it is not possible to provide a meaningful assessment of the company’s past emissions trend or projected future performance. The company can improve by addressing these data gaps. By filling these data gaps, the company would be able to gain an understanding of its emissions intensity trend, whether it is aligned with its 1.5°C pathway and whether the company will exceed its future carbon budget.

Yango Group lacks data on the future emissions intensity of its property development and construction activities, which account for 53% of the company’s revenue. Disclosing this data would allow stakeholders to assess whether the company is aligned with its 1.5°C pathway. The extent to which the company is forecast to remain within its future carbon budget could not be assessed due to this lack of emissions intensity, absolute emissions and activity data. Reporting this information would give stakeholders and the company an understanding of how the company is performing and the level of action required.

There is no evidence that Yango Group 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. Although the company has implemented board-level oversight of climate change, there is no evidence that its board has adequate climate expertise.

Yango Group has not set any emissions reduction targets. Although the company is utilising funds from a green bond on green building projects, 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.

Yango Group is obtaining green certification for construction projects, for example from the China Green Building Standard. The company is using green principles and technologies, however, the specifics of these techniques are not disclosed.

Yango Group has established the Green Smart Home Research Institute. To reduce energy use the company is company is phasing out and retrofitting electricity-intensive sites, but is only focusing on its own operations.

Yango Group acknowledges climate change, uses green bonds for green building projects and is obtaining green certification from Sustainalytics. However, the company lacks emissions data and targets and it is unclear if it aims to transition to a low-carbon future or has systems to monitor this change.

No evidence was found that Yango Group commits 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 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 by Yango Group 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 that the company actions 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 Yango Group 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 are available to display that Yango Group relates to respecting human rights was 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.

While Yango Group reports that the supervisors are entirely female, no evidence that the company commits to gender equality and women’s empowerment. 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 are available to display that Yango Group relates to key ethical business topics – personal data protection, tax, bribery and corruption, and lobbying and political engagement – was found in the public domain. This includes ensuring ethical business conduct throughout its operations and in its relationships with business partners.