YING LI INTERNATIONAL REAL ESTATE LIMITED | ANNUAL REPORT 2022 | 57 |
SUSTAINABILITY
REPORT
ABOUT THIS REPORT
Board Statement
The Board of Directors ("Board") recognises and values the importance of the sustainable performance of Ying Li International Real Estate Limited ("Ying Li" or the "Company" and together with its subsidiaries, the "Group") and oversight of all environmental, social and governance ("ESG") matters, including without limitation to this Ying Li Sustainability Report 2022 ("SR" or the "Report"), various policies against ESG, stakeholder engagement and climate change. In order to ensure the material impacts of Ying Li are covered, the Board has the responsibility to regularly review, monitor and evaluate material ESG issues.
Reporting Scope
Ying Li publishes sustainability reports on an annual basis and they are included in Ying Li's Annual Reports ("AR").
The scope of this Report is to summarise Ying Li's sustainability performance between 1 January 2022 and 31 December 2022 (the "Reporting Period") unless otherwise indicated. It includes the operations and activities in Singapore headquarters and Chongqing offices, as well as investment properties and sales properties1 that are under the Group's direct operational control.
Reporting Standards and Principles
This Report has been prepared in accordance with the Global Reporting Initiative ("GRI") Standards, the Listing Manual of Singapore Exchange Securities Trading Limited ("SGX-ST") (Rules 711A, 711B and Practice Note 7.6 Sustainability Reporting Guide), and Rule 13.91 and Appendix 27 Environmental, Social and Governance Reporting Guide of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited ("SEHK")2.
GRI is widely accepted as a global standard for sustainability reporting. During the preparation for this SR, we applied GRI's principles for defining report content and report quality by considering the Group's activities, impacts and substantive expectations and interests of its stakeholders.
The seven principles listed below have been observed in this Report:
Stakeholder | We consider the interests of a wide range of stakeholders, mainly shareholders, investors, employees, |
Inclusiveness | customers, builders and suppliers, and regulatory authorities. |
Materiality | We identify the environmental, social, and governance-related topics that are most material to us and our |
stakeholders, through a materiality assessment and is reliably reflected in this SR. | |
Sustainability | Apart from material environmental, social, and governance-related factors, we also consider potential |
Context | contribution to fight climate change. |
Completeness | We incorporated material topics, topic boundaries, significant impacts and stakeholder feedbacks into |
this SR while adhering to the six other reporting principles to enhance its completeness. | |
Quantitative | We commit to quantifying the data accurately with clarification as far as practicable. |
Balance | We present the positive and negative aspects of our business in a transparent manner. |
Consistency | We adhere to the same reporting approach as the previous year to ensure clarity and comparability for |
our readers. |
Restatement
Water consumption intensity was re-stated due to the alignment of reporting boundary to exclude activities of tenants and sold properties' occupants in the Report.
- Including portions of Ying Li International Financial Centre (IFC)/Ying Li IMIX Park Jiefangbei (IMIX Park JFB), Ying Li International Plaza/Ying Li IMIX Park Daping (IMIX Park Daping), Ying Li International Hardware and Electrical Centre (IEC), San Ya Wan Phase 2 (Lion City Garden). For the avoidance of doubt, all ESG data related to the activities of tenants and sold properties' occupants are not included in the Report.
- As Ying Li is a subsidiary company of China Everbright Limited (CEL, 0165.HK), this Report also follows SEHK's rules in providing supplementary ESG information to help fulfil CEL's ESG disclosure obligations.
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Accessibility and Feedback
We warmly welcome your feedback on the Report and our sustainability-related approaches. Please share them with us through email to ir@yingligj.com.
Our AR and SR are accessible through our corporate website: https://www.yingligj.com/ar.
OUR APPROACH TO SUSTAINABILITY
Stakeholder Engagement
Ying Li truly understands that feedback from stakeholder is very valuable to its business development as well as sustainability performance. Therefore, we have set up numerous engagement channels to allow regular communication with stakeholders to have a better understanding of their expectations regarding the impacts on the economy, environment and society, as well as to evaluate the efficacy of our sustainability priorities and measures.
The table below shows how our approach and rationale is set out against different stakeholders and the feedbacks we have received from them.
STAKEHOLDERS | HOW WE LISTEN | WHY WE DO IT | WHAT YOU'VE TOLD US | |||||||||
Builders and | • | Daily project meetings | • | Ensure construction/maintenance/ | • Ability to meet the Group's | |||||||
suppliers | • | Periodic evaluations on | renovation projects are completed | quality standards | ||||||||
supplier performance | on time, with quality, and at a | • Ability to meet the Group's | ||||||||||
reasonable cost | delivery timelines | |||||||||||
Customers | • | Road shows | • | Safeguard | investment | value of | • | Optimising customer service | ||||
• | Feedbacks | customers | • Increase in investment value of | |||||||||
• | Company website | • | Ensure customer satisfaction is | properties | ||||||||
upheld | • | Emergency preparedness | ||||||||||
• | Ensure service standards | |||||||||||
Employees | • | Internal updates and | • | Improve | employee | capabilities | • | Health and safety | ||||
communication | through | internal | and | external | • | Career progression | ||||||
• | Events and functions | trainings | • | Benefits and rewards | ||||||||
• | Improve employee well-being | • External and internal courses | ||||||||||
through | managing | health | and | |||||||||
safety | ||||||||||||
Regulatory | • | Regular updates and | • | Adhere | to | environmental | • | Compliance with relevant laws | ||||
authorities | communication | regulations | for | building | and regulations | |||||||
(Governments, SGX, • | Reports and compliance | construction | ||||||||||
MOM, IRAS) | • | Periodical meetings with | • | Good | relationship | between | ||||||
government bodies | continuous | sponsors | and | the | ||||||||
Group |
- Dialogue with SGX
- Active participation in SGX events to increase visibility and transparency
Shareholders and | • | SGX announcements | • Committed | to | delivering | • | Long-term profitability | |
investors | • | Shareholder meetings | economic value to our capital | • | Sustainability matters | |||
• | Annual reports | providers | through | a strong | • | Group performance | against | |
• | Company's website | financial performance | and our | targets | ||||
• | Regular updates and | diverse methods of engagement | • Compliance with all | relevant | ||||
communication | requirements | |||||||
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SUSTAINABILITY
REPORT
Materiality and Targets
According to our annual review and current stakeholder engagement, our principal business and operational risks did not encounter significant changes during the Reporting Period. As a result, our materiality aspects have remained the same as previous years and we have continued to direct our sustainability strategy as shown in the matrix below.
The aspect boundaries "within" the organisation are limited to Ying Li and its subsidiaries, whereas the aspect boundaries "outside" the organisation include builders and suppliers, customers, regulatory authorities, shareholders and investors.
HIGH | Sustainable growth | |
Green construction | ||
Energy saving design | ||
Managing our carbon footprint | ||
Energy efficiency | ||
Water conservation | ||
MEDIUM | ||
Performance appraisal | ||
Skills competency and employee training | ||
Employee diversity and inclusion | ||
Encouraging work life balance | ||
Managing building contractors | ||
LOW | ||
stakeholders | Emergency | |
preparedness | ||
Responsible supply | ||
to | ||
chain | ||
Importance | ||
Relevance to Ying Li
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We have set up long-term goals for Ying Li below, according to the thirteen material aspects listed in the matrix above. Relevant ESG performance data are available in Appendix A: Sustainability Scorecard.
ESG | MATERIAL | RELEVANT GRI | ||||||||||||||||||
FACTORS | TOPIC | MATERIAL TOPIC | TARGET | VALUE CREATED | ||||||||||||||||
Sustainable | Yes | GRI 302: Energy 2016 | To create long-term sustainable | Clear | governance | structure | ||||||||||||||
growth | GRI 303: Water | growth in economic, environmental | is set out to incorporate ESG | |||||||||||||||||
and Effluents 2018 | and social aspects. | considerations into the formulation | ||||||||||||||||||
GRI 305: Emissions 2016 | and implementation of our business | |||||||||||||||||||
GRI 306: Waste 2020 | strategies. | |||||||||||||||||||
Green | Yes | GRI 302: Energy 2016 | To | enforce | green | construction | Minimised | environmental | ||||||||||||
construction | materials, | installations | and | implications by seeking Leadership | ||||||||||||||||
practices in our projects. | in | Energy | and | Environmental | ||||||||||||||||
Design ("LEED") | certification | for | ||||||||||||||||||
our portfolio as far as practicable. | ||||||||||||||||||||
Energy saving | Yes | GRI 302: Energy 2016 | To prioritise energy saving designs | Maximised energy saving as early | ||||||||||||||||
design | in our projects. | since the design stage by seeking | ||||||||||||||||||
LEED certification for our portfolio | ||||||||||||||||||||
as far as practicable. | ||||||||||||||||||||
Emergency | No | / | To | conduct | more | employee | With | the | emergency | response | ||||||||||
preparedness | trainings | to | enhance | their | procedures | set | out as | part | of | |||||||||||
preparedness and response in case | our safety management, we will | |||||||||||||||||||
of various emergencies. | consider | providing | emergency | |||||||||||||||||
preparedness-specific trainings. | ||||||||||||||||||||
Managing | No | / | To | ensure environmentally | and | Established strict guidelines as part | ||||||||||||||
building | socially | responsible | actions | are | of our subcontractor management | |||||||||||||||
contractors | taken by building contractors. | to ensure the quality of their | ||||||||||||||||||
products and services. | ||||||||||||||||||||
Responsible | No | / | To | prioritise | environmentally | and | Established strict guidelines as part | |||||||||||||
supply chain | socially responsible suppliers. | of our subcontractor management | ||||||||||||||||||
to ensure the quality of their | ||||||||||||||||||||
products and services. | ||||||||||||||||||||
Managing our | Yes | GRI 305: Emissions 2016 | To provide the tools to better | Keeping account of our Scope 1 to | ||||||||||||||||
carbon | monitor and evaluate our carbon | 3 emissions to better monitor our | ||||||||||||||||||
footprint | footprint in order to minimise our | impacts on the environment and | ||||||||||||||||||
carbon emissions. | society. | |||||||||||||||||||
Energy | Yes | GRI 302: Energy 2016 | To adopt energy saving installations | Installed | energy | efficient | lighting | |||||||||||||
efficiency | and enforce energy saving policies | installations | to | reduce | energy | |||||||||||||||
within the offices, malls and | consumption. | |||||||||||||||||||
development projects. | ||||||||||||||||||||
Water | Yes | GRI 303: Water and | To adopt water saving installations | Installed | water | efficient | fittings | |||||||||||||
conservation | effluents 2018 | and enforce water saving policies | and water meters, and raised | |||||||||||||||||
within the offices, malls and | awareness among stakeholders to | |||||||||||||||||||
development projects. | conserve water. | |||||||||||||||||||
Skills | Yes | GRI 404: Training and | To provide a wider range of training | Procedures | in place | for setting | ||||||||||||||
competency | Education 2016 | types to | enhance | employee | up | internal | trainings, | subsidies | ||||||||||||
and employee | competency. | available for external trainings. | ||||||||||||||||||
training | ||||||||||||||||||||
Performance | Yes | GRI 404: Training and | To | ensure | that | employees' | Appraisals are conducted annually | |||||||||||||
appraisal | Education 2016 | performance | is | monitored, | for each employee. | |||||||||||||||
reviewed | and | evaluated | without | |||||||||||||||||
prejudice or discrimination. | ||||||||||||||||||||
Employee | Yes | GRI 405: Diversity and | To build a diverse and inclusive | As stipulated in the Staff Handbook, | ||||||||||||||||
diversity and | Equal Opportunity 2016 | office | environment | for | our | recruitment, | remuneration, | |||||||||||||
inclusion | employees. | promotion, | and | benefits | are | not | ||||||||||||||
discriminated in any way. | ||||||||||||||||||||
Encouraging | Yes | GRI 401: | To optimise schedules to prevent | Periodic gatherings, competitions | ||||||||||||||||
work-life | Employment 2016 | overtime | work and | introduce | or activities are organised to | |||||||||||||||
balance | physical activities to promote well- | advocate | physical | and | mental | |||||||||||||||
being. | well-being. |
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SUSTAINABILITY
REPORT
Supply Chain Management
Procurement and supply chain management are an integral part of Ying Li's business operations. We strive to incorporate our sustainable practices into our supply chain in an effort to build and maintain a sustainable connection with our stakeholders. Our requirements and expectations of our suppliers are laid forth in our Supplier Management Policy (供方管理制度) and the Bidding and Procurement Management Policy (公司招标采购管理制度). The products and services provided by our suppliers are mainly related to office supplies, property maintenance and retrofitting projects.
We have maintained good relationships with our suppliers and subcontractors, continuously improved the bidding and procurement management system with environment and social considerations, and further strengthened strategic cooperation with outstanding partners for the sake of shared development under a strict supplier evaluation system, increasing the overall capacity of the supply chain.
Number of Suppliers by Geographical Region
China: 161
Singapore: 24
Ying Li selects suppliers who will best meet its requirements and deliver value at an acceptable level of risk. We consider our suppliers as valued business partners and have built a variety of efficient communication channels with them in order to achieve shared goals for long-term sustainable development. We collaborate extensively with our suppliers to understand their sustainability policies, initiatives and monitoring systems, whist assisting them in complying to our standards. This collaboration can increase Ying Li's ability to negotiate and manage risk and supplier relationships, which can result in tangible commercial benefits for each business. Through year-round operational, business and executive reviews, Ying Li regularly enhances its Supplier Management Policy and the Bidding and Procurement Management Policy for strategic suppliers to consistently measures supplier's performance and drive improvements and alignments. At the same time, suppliers' feedback will also be taken into consideration as this provides a candid two-way communication and continuous improvements to Ying Li in the long- run. We believe that a reliable supply chain that meets our sustainability requirements would undoubtedly contribute to the seamless running of our business.
The intellectual property rights ("IPR") of Ying Li is fundamental to our business. We pledge to protect our IPR including trademarks, copyrights, designs and patents by proper registration, as well as to ensure our suppliers will recognise and respect the Group's IPR. Similarly, we have confidential measures in place to safeguard customer's data and privacy.
OUR GOVERNANCE
An effective and robust corporate governance structure is crucial to our business success. It promotes and safeguards the interests of shareholders and attract other new stakeholders. Ying Li is committed to sustain a rigorous framework of corporate governance that can uphold the Group's credibility and reputation.
Our commitment to sustainability begins at the top. Based on our Organisation Structure and Employee Responsibilities Policy (组 织架构及岗位职责汇编), the Board actively promotes the success of the Group by directing and overseeing the Group's sustainability strategies to ensure they act in the best interests of the Company and its stakeholders. Besides, the Board is also responsible for reviewing and monitoring corporate policies and strategies.
LEADERSHIP | ORGANISERS | EXECUTIVES | ||
The Board and CEO formulate related | Corporate Social Responsibility | Assigned staff at the subsidiaries are | ||
strategies and guidelines. | ("CSR") Coordinator helps organise | responsible for the organisation and | ||
and coordinate the CSR efforts of all | implementation of CSR initiatives. | |||
departments and subsidiaries. |
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Sustainability Strategy
Sustainability has been the core of Ying Li's business and will continue to be integrated into the Group's decision making. Our sustainability strategy aims to manage our business in an ethically, socially and environmentally responsible manner, while creating shared value for our stakeholders. The Board conducts regular board meetings to review and enhance the alignment of our ESG matters with market trends, international standards and relevant laws and regulations.
We have committed to the following focused areas to fulfil our sustainability vison and improve our sustainable performance for the future.
Green | Operational | Environmental | Employee |
Development | Safety | Sustainability | Motivation |
The sustainability strategy is underpinned by our comprehensive internal policies on the following:
- Safety Management Policy (安全技术管理政策), which covers aspects on safety culture, safety training and development, rewards and penalties, safety inspections, incidence reporting, and emergency response procedures in the event of safety incidents.
- Subcontractor Management Policy (分包单位管理政策), which covers aspects on subcontractor listing, subcontractor jobs and responsibilities, quality of goods and services delivered, and subcontractor evaluations.
- Human Resources Management Policy (人事管理政策), which covers aspects on Staff Handbook, department-specific performance evaluations, rewards and penalties.
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SUSTAINABILITY
REPORT
ENVIRONMENTAL PROTECTION
Overview
Ying Li has a strong reputation for innovative design with green and eco-friendly development. We strive to embed green practices into our property development using our integrated business model and operations, from design and construction to operation and management. According to our Design Management System (设计管理制度), Construction Application Management System (开发 报建管理制度) and Engineering Management System (工程管理制度), these show our commitment to ensure our developments and properties are aligned or possibly exceed the regulatory requirements and minimise the impacts on the environment and natural resources as well as being one of the industry good practices on climate change mitigation, adaptation and resilience.
To illustrate our commitment on addressing climate change, we have taken collaborative steps to decarbonise. For example, we actively communicate and cooperate with our tenants to collect feedbacks and their water and electrical consumption data to analyse the necessity to implement any policies or equipment in reaching our climate targets. Posters and guidance signs are posted in all common areas, including lift lobbies and car parks. We also provide technical advice to tenants, if required, to ensure high energy efficiency with our properties.
In 2022, the Group have cooperated with State Power Investment Corporation Chongqing Electric Power Co., Limited (国家电投重 庆电力有限公司) to enhance the central air-conditioning system in Ying Li IMIX Park through the establishment of the SmartEco System. The SmartEco System included a self-monitoring function that allow data and information can be shared more efficiently and accurately. Besides, the SmartEco System can also improve the operating life and reduce the maintenance cost of the air- conditioning system by 20-40% and 10-50% respectively. We have also predicted that 2,221 MWh of electricity consumption can be reduced annually in Ying Li IMIX Park with the help of SmartEco System.
Climate Change
In recent years, climate change has become one of the world's most significant and challenging issues. Reducing and controlling carbon emission have become an inevitable responsibility for all enterprises. Ying Li proactively develops and discloses our climate resilience strategy with reference to the recommendations of the Task Force on Climate-Related Financial Disclosure ("TCFD") to provide our stakeholders with consistent and comparable information on our climate-related risks and opportunities.
In order to pursue strategies that able to maintain the Group's resilience to climate change, we have conducted a climate change risk assessment with reference to the TCFD recommendations by analysing the potential impacts on different business sector and develop solutions to mitigate and adapt to climate change.
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Below is a summary of the prioritised climate related risks and potential impacts:
TYPE OF RISKS | RISKS | POSSIBLE IMPACTS | ||||||
Policy and legal | Tightened requirements and regulations on building | • | Increased capital expenditures in construction and | |||||
energy efficiency and green building standards | operations. | |||||||
• | Increased risk of non-compliance with stricter | |||||||
standards and reduced revenue. | ||||||||
Implementation of carbon pricing | • | Increased capital expenditures in construction | ||||||
materials, fuel, electricity and waste management. | ||||||||
Stricter requirements and framework on disclosure | • | Increased capital expenditures to adopt the | ||||||
of climate resilience strategy | framework and requirement for disclosing climate | |||||||
risk and strategy. | ||||||||
• | Necessity to further implement sustainable and | |||||||
green facilities and strengthen data management. | ||||||||
Risks | • | Potential | increase | in demand | of | building | ||
modifications and resources for climate resilience | ||||||||
Transition | that may lead to cost implications. | |||||||
certifications | competitiveness in the industry. | |||||||
Stricter requirements on our sustainable and | • | Increased | capital | expenditures | in | improving | ||
green properties in achieving more green building | our sustainability strategy and maintain | |||||||
Market | Increased expectation from stakeholders | • | Increase capital expenditures in providing a | |||||
detailed climate resilience strategy to gain | ||||||||
confidence from stakeholders, where further | ||||||||
measures and commitment are required. | ||||||||
• | Potential negative impacts on share price if the | |||||||
efforts paid in climate risk disclosure could not | ||||||||
meet investors' expectations. | ||||||||
Technology | Stricter technical requirements for construction | • | Increased capital expenditures in construction | |||||
of new energy development are in place due to an | and operations for the procurement of new | |||||||
increase in demand in renewable energy | technologies. | |||||||
• Decreased profitability due to an increased cost of | ||||||||
sustainable materials. | ||||||||
Acute | Increased frequency and severity of extreme weather | • | Decreased revenue due to extreme weather events | |||||
events such as typhoons and rainstorms | that would delay construction progress. | |||||||
• | Increased capital expenditures for the | |||||||
implementation of climate mitigation and | ||||||||
Risks | adaptation measures. | |||||||
• Supply chain disruption occurs more often, leading | ||||||||
Physical | to shortage of key supplies and escalated cost. | |||||||
Chronic | Increased in average temperature and frequency of | • | Increased capital expenditures for the | |||||
extreme hot days | implementation of mitigation measures required. | |||||||
• Supply chain disruption occurs more often, leading | ||||||||
to shortage of key supplies and escalated cost. | ||||||||
• As the frequency of power outage increases, the | ||||||||
government implemented restrictions on energy | ||||||||
usage which affect our daily operation. | ||||||||
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SUSTAINABILITY
REPORT
GREENHOUSEGAS("GHG")EMISSIONS WATER RESOURCES
As greenhouse gas emissions is the main source that led to global warming and climate change, we are committed to minimise our carbon footprint by lowering GHG emissions in order to support China and Singapore in achieving carbon neutrality.
Our GHG emissions data is calculated and presented generally in line with the Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standards issued by the World Resources Institute and the World Business Council for Sustainable Development in order to represent a fair account of GHG emissions and allow aggregation, comparability and trend analysis with historical data.
The Group's major sources of GHG emissions are divided into two categories. Fuel consumption and fugitive emissions are categorised as direct GHG emissions (Scope 1); whilst electricity consumption, water and paper consumption, and air travel by employees for business trips are categorised as indirect GHG emissions (Scope 2 and Scope 3).
According to the Design Management System (设计管理制度) and Construction Application Management System (开发报建管 理制度), Ying Li strives to show its support and commitments by developing long term strategies and policies to actively reduce its GHG emissions.
Water is an elementary natural resource and having access to safe and clean water is a basic requirement for human being. As water is becoming increasingly scarce globally, we are committed to conserving and consuming water wisely and responsibly during our operation.
In Chongqing of the PRC, all of the water consumed by our operations including freshwater, cooling, toilet flushing and landscaping are supplied by Chongqing Water Supply Limited Company (重庆自来水有限公司), Chongqing Zhongfa Water Supply Ltd. (重庆中法供水有限公司) and Chongqing Jiangjin Tap Water Company (重庆市江津区自来水公司).
Ying Li has implemented a series of water management strategies under Construction Application Management System (开发报建管理制度) and Engineering Management System (工 程管理制度) to actively reduce water consumption and increase water efficiency. At our managed properties and offices, water-efficient fittings and water meters have been installed to allow regular monitoring and ensure all usage are tracked and reported. In case of any unusual variation or incidents, we can ensure the equipment can be fixed immediately to avoid unnecessary water consumption. Besides, water-conservation guidelines and slogans are posted in common area, including toilets to increase the awareness among employees, tenants, customers, and communities.
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ENERGY USAGE | WASTE MANAGEMENT |
The Group regards energy-saving transformation as an important part of its management system as energy consumption has been one of our major operating expenses. Therefore, we aim to beef up our efforts in energy conservation and strive to embed the concepts of sustainability into the design and construction stages.
Ying Li has adopted energy-saving measures in different operations to improve the energy efficiency. We have implemented high energy efficient designs into our building design plans, including using appropriate insulation and ventilation with exhaust heat recycling systems and recycled water systems for air conditioning which maximise the use of efficient heating, ventilation, and air conditioning (HVAC). Furthermore, smart lighting and efficient LED luminaires are being used throughout our properties to reduce unnecessary lighting and improve energy efficiency with remote control function. We also share updates and provide advice through various communication channels to encourage our tenants to reduce consumption and allow them to understand energy efficient measures in the property and provide technical energy- saving advice if needed. Besides, the Group has continuously cooperated with other specialists to improve the electricity system in our properties to improve energy efficiency.
We are committed to develop sustainable and green properties which not only benefit our tenants, but also the environment. As of 31 December 2022, 22% of our investment properties have been awarded with Leadership in Energy and Environment Design (LEED) certification. Nevertheless, we will continue to improve our sustainability strategy to pursue green building certifications and contribute to raise the industry standards to build a better environment for the future.
The Group is committed to the goal of minimising waste generation and maximising diversion from landfills. As a real estate developer and manager, our main sources of waste are generated from construction and tenant activities. Therefore, we are constantly consolidating ideas and solutions to improve our waste management practice and adhere to the local regulations on waste segregation, collection, and disposal.
As tenant activities are one of the main sources of waste in our managed properties, we have various initiatives to encourage them to reduce, reuse and recycle waste. For example, we provide recycling bins in properties which increase convenience and accessibility for the tenants.
Paper waste constitutes the largest portion of office waste in our operation. We extend the mindset of responsible procurement through our operations, for instance, all the office paper purchased are certified by the Forest Stewardship Council. We also encourage our staff to consider environmentally friendly options when purchasing other office supplies. Besides, our office has introduced the use of online servers where all office documents and information can be accessed via laptop and electronic devices. However, in case printing is needed, our offices have posted up advertisements to encourage our staff to use black and white printing, double-sided printing as well as recycled paper for internal documents printing wherever possible.
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Ying Li International Real Estate Ltd. published this content on 06 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 March 2024 05:44:05 UTC.