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China Merchants Group

China Merchants Shekou Industrial Zone Holdings is the Shenzhen-listed subsidiary of the state-owned conglomerate China Merchants Group. The company is principally engaged in the development and operation of communities, cruise businesses and industrial parks. The community segment provides residential properties for families under the brand of China Merchants. Its total assets in 2022 exceeded USD 1708 billion.

Summary

China Merchants discloses information on some topics related to urban sustainability but lacks disclosure on many important topics. The company particularly falls short in its corporate governance disclosure, lacking transparency on its materiality assessment, sustainability strategies, and stakeholder engagement activities. It also lacks commitments to protect human rights and ensure the health and safety of its workers, and should consider increasing female representation at the board level.

China Merchants discloses its disaster response efforts, including emergency plans and regular inspections, to mitigate the impacts of typhoons and rainstorms. However, it can strengthen its resilience efforts by disclosing the natural disaster risk assessments that underpin these plans.

The company reports annually on water withdrawal parameters and scope 1 and 2 greenhouse gas emissions. However, it should also disclose how it measures, monitors, and mitigates its impacts on air and water quality and waste generation. Furthermore, it has the opportunity to report its scope 3 emissions and ensure stable reductions in scope 1 and 2 emissions over time, particularly from natural gas and electricity consumption.

Ranking position: #180 /300
Total score: 5.4 /100

Measurement area	Score	Rank (0-300)
Governance & Strategy	#1 0.0 /100	#181
Inclusive Cities	#1 16.7 /100	#142
Healthy Cities	#1 2.8 /100	#162
Climate Proof & Resilient Cities	#1 7.5 /100	#119
Core Social Indicators	#1 0.0 /100	#195

Industries
Real estate	#70

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More about the company

Headquarters: China
Ownership structure: Government
Revenue: USD 73,145 billion (2022)
Number of employees: 275072 (2022)
Website: https://www.cmhk.com

This company is part of the SDG2000, the 2000 most influential companies

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