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China Vanke, established in 1984 and headquartered in Shenzhen, China, is a prominent real estate entity with a portfolio that extends across China, Hong Kong, the UK and the US, including nine megacities. The company ranked 173 on the Fortune Global 500 in 2023, marking its eighth consecutive year in the list. China Vanke specialises in real estate development and provides comprehensive services for city and town development. In 2023, the company sold 24.66 million square metres of property.
Summary
China Vanke discloses information on some topics related to urban sustainability but lacks disclosure on many important topics. The company discloses its materiality assessment for identifying its key sustainability risks and opportunities. It has also assigned clear accountability to its board members for oversight of its sustainability strategy and has established an environmental, social, and governance (ESG) execution team for implementing the strategy. The company can further improve its sustainability governance by disclosing its formal policies for lobbying, political engagement, and the protection of human rights, and by disclosing its stakeholder engagement activities, particularly its engagement with marginalized or vulnerable stakeholder groups.
The company reports annually on its energy efficiency, scope 1 and 2 emissions, and water consumption. However, its reporting is limited to specific business divisions, making it difficult to assess the full environmental impact of its operations. Next to expanding the scope of this reporting, the company should also report regularly on air pollution, waste generation, and water quality, and establish time-bound targets to minimize its negative impacts in these areas.
Ranking position
#166
/300
Total score
7.7
/100
Measurement area
Score
Rank (0-300)
Measurement area
Governance & Strategy
Score
# 1
12.5
/100
Rank (0-300)
#89
Measurement area
Inclusive Cities
Score
# 1
20.0
/100
Rank (0-300)
#119
Measurement area
Healthy Cities
Score
# 1
0.0
/100
Rank (0-300)
#174
Measurement area
Climate Proof & Resilient Cities
Score
# 1
3.3
/100
Rank (0-300)
#148
Measurement area
Core Social Indicators
Score
# 1
2.8
/100
Rank (0-300)
#174
Industries
Industries
Real estate
#64
More about the company
Headquarters
China
Ownership structure
Public
Revenue
USD 74,753 billion (2022)
Number of employees
131817 (2022)
Website
https://www.vanke.com
63716
