Sino Land Recognised Among World's Most Sustainable Companies by Time Magazine

Rhea-AI Summary

Sino Land has been recognized among the World's Most Sustainable Companies 2024 by Time Magazine and Statista, ranking 153rd out of the top 500 globally. This accolade highlights Sino Land's dedication to sustainable business practices and transparency in ESG disclosures. The ranking process evaluated over 5,000 influential companies using more than 20 key performance indicators (KPIs), including external sustainability commitments, CDP and SBTi ratings, and adherence to international standards like GRI and TCFD. Sino Land's notable sustainability recognitions include the Global 100 Most Sustainable Corporations, CDP 2023 'A-', DJSI Asia Pacific, S&P Global Sustainability Yearbook, and MSCI ESG 'AA' rating. The company has also integrated disclosure metrics from the TCFD and published its Sustainability Report referencing ISSB's new IFRS standards and the TNFD framework.

Positive

• Sino Land ranked 153rd among the World's Most Sustainable Companies 2024.
• Recognition covers over 5,000 influential companies worldwide.
• Evaluation based on more than 20 KPIs, including CDP, SBTi, and international standards like GRI and TCFD.
• Sino Land has received high ratings in prestigious indices such as Global 100 Most Sustainable Corporations, CDP 'A-', DJSI Asia Pacific, S&P Global Sustainability Yearbook, and MSCI ESG 'AA'.

Negative

• None.

HONG KONG, June 26, 2024 /PRNewswire/ -- Sino Group is pleased to announce that Sino Land Company Limited ('Sino Land'; Stock Code: 0083.HK) has been named one of the World's Most Sustainable Companies 2024 by Time Magazine and Statista. Placed 153^rd among the top 500 companies across over 30 countries, this ranking reaffirms Sino Land's ongoing dedication to the implementation of sustainable business practices and transparency in ESG disclosures, which have been recognised by the international community.

The sustainability performance evaluation process of this inaugural rating involved analysing over 5,000 of the world's largest and most influential companies. It considered more than 20 key performance indicators (KPIs), including external sustainability commitments and ratings like the CDP, Science Based Targets initiative (SBTi), and S&P Global Sustainability Yearbook. Sustainability reporting and transparency were evaluated based on international standards like the Global Reporting Initiative (GRI) and the Task Force on Climate-related Financial Disclosures (TCFD). The companies' corporate sustainability efforts, including metrics like emission reduction and gender equality, were also taken into account. From this extensive pool, the final ranking recognised the top 500 companies with the highest scores.

Mr Daryl Ng, Deputy Chairman and Chairman of the ESG Steering Committee of Sino Group, said, 'We are honoured to be recognised among esteemed, high-performing companies with this international accolade for our commitment to upholding international standards in sustainable practices. This achievement humbles and motivates us to continue our sustainability journey. Guided by the Sustainability Vision 2030 (SV2030), our long-term strategies and goals are clearly defined and transparent. We extend our heartfelt gratitude to our employees and partners whose invaluable support has enabled us to make a positive impact. Our dedication remains resolute as we engage stakeholders in building a more sustainable future.'

Sino Land's sustainability efforts have received recognition on the international stage, including prestigious indices and ratings like the Global 100 Most Sustainable Corporations led by Corporate Knights, the CDP 2023 Climate Change 'A-' rating, the Dow Jones Sustainability Asia/Pacific Index ('DJSI Asia Pacific'), S&P Global Sustainability Yearbook, and MSCI ESG 'AA' rating. To ensure credibility and transparency in ESG disclosure, the company has incorporated disclosure metrics recommended by the Task Force on Climate-related Financial Disclosures (TCFD). Sino Land was also among the pioneering developers in Hong Kong to publish its Sustainability Report with reference to the International Sustainability Standards Board (ISSB)'s new IFRS S1 and S2, along with the Taskforce on Nature-related Financial Disclosures (TNFD) beta v0.4 framework. Furthermore, the Science Based Targets initiative (SBTi) has validated its near-term science-based emissions reduction targets.

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SOURCE Sino Group

FAQ

What accolade did Sino Land receive from Time Magazine in 2024?

Sino Land was named one of the World's Most Sustainable Companies 2024 by Time Magazine, ranking 153rd among the top 500 companies globally.

How was Sino Land evaluated for the World's Most Sustainable Companies 2024?

Sino Land was evaluated using over 20 KPIs, including external sustainability commitments, CDP and SBTi ratings, and international standards like GRI and TCFD.

What are some of the international recognitions Sino Land has received for sustainability?

Sino Land has received recognition from the Global 100 Most Sustainable Corporations, CDP 2023 'A-', DJSI Asia Pacific, S&P Global Sustainability Yearbook, and MSCI ESG 'AA' rating.

Which sustainability standards does Sino Land follow in its reports?

Sino Land follows international standards like the Global Reporting Initiative (GRI), Task Force on Climate-related Financial Disclosures (TCFD), ISSB's new IFRS standards, and the TNFD framework.

What is the significance of Sino Land's ranking in Time Magazine's list?

Sino Land's ranking signifies its strong commitment to sustainable business practices and transparency in ESG disclosures, positioning it among the top 500 companies globally.