Sinyi Achieves CDP Climate Change A List for the 3rd Time
CDP
Sinyi Realty is proud to announce its inclusion in the Carbon Disclosure Project (CDP) Climate Change Questionnaire “A List” for 2024, marking our third time receiving this highest grade and being recognized again as one of the companies committed to environmental transparency.
In 2024, over 22,400 companies worldwide participated in the CDP Climate Change questionnaire, with only 2% achieving “A-list” recognition. Among these, 32 out of 741 companies from Taiwan made this achievement, and Sinyi Realty being the sole representative from the real estate sector in Taiwan.
Our success in this evaluation stems from our comprehensive climate governance strategy. At Sinyi, we've integrated climate change considerations into our corporate risk management framework. Our Board of Directors serves as the highest supervisory unit for risk management, identifying high-risk climate factors and developing corresponding governance strategies and goals.
We've embraced transparency in our climate-related disclosures, aligning with the Task Force on Climate-Related Financial Disclosures (TCFD) framework. Our TCFD report has been independently verified, earning us a conformity statement with a maturity model rating of [Level 5 plus: Excellence].
Sinyi Realty has set ambitious targets for 2030, including a 90% reduction in greenhouse gas emissions compared to 2017 levels and achieving 100% renewable energy usage. Since 2017, we've expanded our greenhouse gas inventory to cover all our branch locations, with 100% of our operational sites completing ISO 14064-1 greenhouse gas inventories.
We are actively participating in domestic and international sustainability initiatives, including CDP, SBTi, the UN's Race to Zero campaign, and the Taiwan Net Zero Action Alliance. Our efforts have been recognized with a “Green Level” Net Zero Label. On the supply chain front, we are implementing innovative approaches like sample house ground projection to reduce construction materials and costs for reception centers. We are also encouraging our key upstream and downstream suppliers to conduct Scope 2 greenhouse gas inventories, promoting a collective effort towards carbon reduction.
Disclosing and sharing environmental information is a crucial first step in taking meaningful climate action. Sinyi embed green awareness into the value chain, we consider environmental impacts - from design, procurement, manufacturing, packaging, use and recycling - aiming to reduce harm and build a sustainable value chain. Sinyi Realty is honored to be also recognized as a leader in CDP’s 2024 Supplier Engagement Assessment (SEA), which affirms Sinyi Realty's actions to reduce climate risks in its supply chain.
About Carbon Disclosure Project (CDP)
Founded in 2000 in London, CDP is a global non-profit that runs the world’s only independent environmental disclosure system for companies, capital markets, cities, states and regions to manage their environmental impacts. To surface new information, enabling Earth-positive decisions to protect future generations. This is why we exist and is what drives decisions every day at CDP. A record 22,700+ companies were scored by CDP in 2024, assessing their transparency and action as they work to integrate Earth-positive decisions and build more resilient business models.
Recognizing our responsibility, we continue to build on our independent and convening role to accelerate the change needed.
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