Sharing Research Results and Promoting the Sustainable Growth of the Industry
SHANGHAI, CHINA – Media OutReach Newswire – 16 January 2024 – Hang Lung Properties (SEHK stock code: 00101) (“the “Company” or “Hang Lung”) and The Hang Lung Center for Real Estate at Tsinghua University (“the Center”) successfully hosted the Sustainability in Real Estate Conference 2023 cum Annual Research Results Announcement at the new Civil Engineering Building of Tsinghua University recently. At the conference, the Center’s research achievements in the field of sustainable real estate development over the past year were presented.
Professor Liu Hongyu, Vice Director of the Management Committee of The Hang Lung Center for Real Estate at Tsinghua University, also emphasized in his opening speech, “The real estate industry is currently grappling with significant transformational pressures. Driving the improvement of housing and management systems in accordance with the principles of sustainable development is crucial for constructing a new model of real estate development. Real estate enterprises should also adjust their operational strategies under the new institutional and policy frameworks, to promote green and low-carbon development and provide society with higher quality products and services. As a school-level research institution at Tsinghua University, the Center carries the mission of serving as an interdisciplinary platform and disseminating cutting-edge science. In 2023, the Center launched the ‘Sustainable Real Estate Scheme’ and the ‘Research for ESG Development and the Outlook of the Real Estate Industry’. Going forward, we aspire to continue our collaboration with Hang Lung, providing sustained support for the sustainable development of real estate.”
At the conference, Professor Wu Jing, Director of The Hang Lung Center for Real Estate at Tsinghua University, unveiled the “Research for ESG Development and the Outlook of the Real Estate Industry” report. The research, a collaborative effort by the Center, the National Real Estate Chamber of Commerce, and the Urban Construction Special Committee of Tsinghua University Alumni Association, aims to offer insights into the ESG development status, driving forces, and obstacles for real estate professionals. The research report indicates that the overall development of ESG in the current real estate industry is in its initial stages. There is considerable room for improvement in related practices and satisfaction levels, with foreign-funded enterprises and central state-owned enterprises demonstrating the best overall performance in ESG. The future development prospects for ESG in Chinese real estate enterprises are promising, with respondents who have deeper experience showing a greater emphasis on ESG development. Furthermore, companies with higher satisfaction in ESG performance are more willing to increase their investment in this area.
