Climate change and its subsequent impacts can contribute to financial risks, including heightened insurance costs, potential damage to our physical assets due to extreme weather events, and the uncertainty of evolving regulatory landscapes.
Climate change presents both challenges and opportunities that require continuous review.
Climate change is a catalyst for increased investment in renewable energy, more energy-efficient practices, and heightened commitment to develop sustainable products and services that align with our customers’ needs.
- Updated our Group Policies and Authorities (GPA) to include sustainability considerations and proactive risk management
- Progressing our alignment to the Taskforce on Climate-Related Financial Disclosures (TCFD)
- Undertaking climate scenario analysis
- Rolling out training for senior executives helping to identify climate-based risks and opportunities
- Managing our emissions by using an internal carbon calculator which facilitates our decarbonisation strategy
We implemented the Leadership in Energy and Environmental Design (LEED) Certification for some of our Motors dealerships in China. Began to extend a range of eco-friendly measures across our construction projects, including:
- Installation of solar panels
- Utilisation of sustainable materials
- Integration of advanced smart control systems
- Implementation of innovative water recycling systems
- Partnered with Bureau Veritas (BV) Group to extend these sustainability principles to the construction of the new business centres in Shenzhen and Foshan.