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CIFI publishes its first standalone ESG report, highlighting five key accomplishments
CIFI implements corporate responsibilities in five key aspects, including green buildings, construction with quality, compliance and integrity, staff welfare and philanthropy
HONG
KONG, CHINA – Media OutReach –
8 July 2020 – CIFI Holdings (Group) Co. Ltd.
(“CIFI” or the “Group”, HKEx stock code: 884), a leading
real estate developer engaged in the property development and investment
business in the first-, second- and robust third-tier cities in China,
published a standalone ESG report for the first time and early adopted
comprehensive disclosure requirements from HKEx’s ESG reporting guideline,
marking the Group’s leapfrog improvement in the level and richness of
disclosure.
CIFI has
been dedicated to playing a leading role in the practice of corporate social
responsibility and seeking breakthrough in its ESG indicators. In 2019, CIFI
established ESG Management Committee and ESG Work Group to advance the Group’s
sustainable development through committed efforts in environmental protection,
social responsibility and governance capacities. The Group commits the mission
of “building for a better life”, and constantly pursue quality development and
improvement in corporate governance capacity.
Its ESG
report demonstrates the Group’s praiseworthy efforts in implementing corporate
responsibilities in five key aspects, namely green buildings, construction
with quality, compliance and integrity, staff welfare and philanthropy, and
commitment to long-term sustainable development.
Green buildings have been the focus of CIFI’s ESG investing practice. The
Group brings full play to its expertise and enforces the green concept
throughout its process from product design, construction to supply chain
management. Besides, it actively engaged in the development and application of
the green building system, and has stipulated the standard of greenness and
health for residential and office projects, which offers guidance on delivery
of green and healthy buildings. In 2019, CIFI obtained a total of 15 green
building certifications. Specifically, the Metropolis Mansion project in
Hangzhou was granted with BREEAM four-star rating, and there were two other
projects certified with China Health Building Label.
CIFI has been consistently carrying out the management philosophy of
“quality our top priority”. The Group is certified by the ISO9001 quality
management system and has set up an all-rounded quality management system to
ensure high-quality delivery of its projects. It enforces “lifetime accountability” system to assure
construction quality and has defined five key responsible parties for
“geological survey, design, supervision, construction and contracting”
respectively and refined the management system of construction records. In
2019, CIFI added the indicator of client satisfaction rate into the performance
evaluation of the heads of regional offices. In this way, the staff put quality
management as top priority and seek to assure premium product quality. CIFI’s
all-rounded quality assurance efforts are highly acclaimed within the industry.
Its projects have won multiple prizes, such as the Tien-yow Jeme Civil
Engineering Prize, BALI National Landscape Award and the International Property
Awards etc. In particular, CIFI earned 57 titles at the 15th Kinpan Awards, and
retained the first place in the master tally.
By
combining regulations and corporate culture, CIFI has compiled a series of
audit and supervision regulations, and established a sound anti-fraud system.
Meanwhile, work procedures and accountability are implemented to avert power
vacuum and ensure the Group’s lawful and compliant operation. It launched the
WeChat public account– “CIFI Anti-Corruption” in 2019, the public account
regularly pushes updates about the Group’s integrity campaign and cases of
warning and offers a channel for online reporting, so as to raise its
employees’ awareness of anti-corruption. At the end of 2019, the Group was
named an “Advanced Unit” in the national enterprise anti-fraud campaign for its
outstanding performance in internal audit, supervision and anti-fraud efforts.
The Group also earned recognition from the capital market for its highly
acclaimed corporate governance capacity. Specifically, it won titles such as
China’s Top 50 Boards of Directors by the Fortune China, and the Best
Corporate Governing Body and Best ESG Metrics in Asia by the Institutional
Investor.
CIFI’s
special attention to employees’ health and safety are embodied in all aspects
of its governance. In addition to strict compliance with national mandatory
regulations regarding production safety, the Group has prepared and implemented
many guidelines on safety management, strict standards about on-site inspection
and management of compliant construction, safety and health, and environmental
protection, as well as each party’s responsibilities and power in safe and
compliant construction. At the same time, the Group endeavors to be named the
“national / provincial / municipal safety and compliance demonstration
construction site”, and includes corresponding mechanism into its project
incentive & penalty system. The ESG report reveals that no major construction
safety or quality accident was reported among CIFI’s projects in 2019. In
addition, 34 projects were named government’s demonstration construction sites,
and 29 projects won provincial or above level honors. It’s worth mentioning
that CIFI has been named the “Best Employer-China” by Aon Hewitt China for
three consecutive years since 2017, the one and only company within the
industry to win the title for three consecutive years.
Abiding
by the philosophy of “altruism through philanthropy”, CIFI has been
consistently committed to philanthropy in areas such as repaying hometown and
subsidizing education for many years, making all-out contribution to pandemic
and disaster relief, and striving for better life. Up to now, CIFI has made
aggregated donations worth over RMB 300 million. When the COVID-19 pandemic
broke out at the beginning of 2020, CIFI granted RMB 20 million as the
containment and relief fund to combat the disease. Meanwhile, the Group’s
leasing apartments, commercial properties and education businesses also has
waived the rent and relevant costs and offered special discounts to medical
workers, through which it joins hands with all parties to weather through the
tough time.
Mr. Lin
Zhong, Chairman of CIFI Holdings’ Board of Directors, said: “We are facing an era that full of
uncertainties and volatilities, a successful enterprise is not only about
improvements on short-term financials, but more about its potential of and
dedication to sustainable development. In response to customers’ needs and
creating values to our employees, CIFI will continue to uphold its
environmental accountability and repay the society with its accomplishments
going forward. Looking ahead, CIFI will continue to fuse the ESG element into
corporate strategies, endeavor to add presence in key EGS indexes, and strive
to develop itself into a sustainable centenary group as a benchmark of an ESG
elites within the real estate industry.”
About CIFI (Group):
Headquartered in Shanghai,
CIFI is one of China’s top real estate developers. CIFI principally focuses on
developing high-quality properties in first-, second- and selective third-tier
cities in China. CIFI develops various types of properties, including
residential, office and commercial complexes.
To learn more about the
Company, please visit CIFI’s website at: http://www.cifi.com.cn/
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Dachser and Fraunhofer IML continue research partnership on new technologies
The international logistic service provider and the renowned German research institute are focusing on developing digital process and service innovations for Dachser’s global logistic network
HONG KONG, CHINA/KEMPTEN,
GERMANY/DORTMUND, GERMANY – Media
OutReach – 22 October 2020 – The Fraunhofer Institute for
Material Flow and Logistics IML and Dachser are extending their collaboration
in the DACHSER Enterprise Lab for a further three years. Their partnership will
continue to focus on research and development projects with practical
application benefits for the Dachser network. These include digital
technologies such as data science and artificial intelligence (AI), real-time
locating systems (RTLS), 5G and the Internet of Things (IoT), autonomous
vehicles, and adaptive warehouse systems.
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Image caption: DACHSER and
Fraunhofer IML continue research partnership.
“The first step in our joint research work in the
DACHSER Enterprise Lab is to gain a detailed understanding of new technologies
and their potential for logistics. Then we build on that to develop prototypes
and concepts that add tangible value for Dachser and our customers, turning
them into innovations,” explains Stefan Hohm, Corporate Director Corporate
Solutions, Research & Development at Dachser, who will head the new IT
& Development executive unit as of January 1, 2021. “So far, the work we’ve
done together has proven that we can transform research results from the
DACHSER Enterprise Lab into new processes and services throughout the entire
logistics network,” Hohm says.
“We’re delighted that Dachser is continuing its collaboration with
Fraunhofer IML. Our research results up to now and our new research contracts
show just how important applied research is for logistics and supply chain
management,” says Prof. Michael ten Hompel, Managing Director of Fraunhofer
IML. “We’re particularly proud that the lab teams have continued to work
effectively despite the restrictions imposed by the coronavirus pandemic. Of
course, technical aids such as video conferences and collaboration tools have
been a great help. But above all, it’s the extraordinary commitment and motivation
of everyone working at the DACHSER Enterprise Lab that is key to successful
research in challenging times,” ten Hompel says.
In the DACHSER Enterprise Lab, Dachser logistics
experts and scientists from Fraunhofer IML work in mixed lab teams on various
research and development assignments. The partnership between the logistics
service provider and the research institute was launched in October 2017 and
will now run until October 2023.
About Dachser
Headquartered in Germany, Dachser is one of the world’s leading
logistics providers. Using its own in-house developed IT-systems, Dachser
incorporates transport, warehousing, and value-added services to provide
comprehensive supply chain solutions. Thanks to some 31,000 employees based in
393 locations all over the globe, Dachser generated a consolidated net revenue
of approximately EUR 5.7 billion in 2019. The same year, the logistics provider
handled a total of 80.6 million shipments weighing 41.0 million metric tons. Country
organizations represent Dachser in 44 countries.
In Asia, Dachser employs more than 1,696 people in 48 locations in 12
Business Areas. Its Asia Pacific Regional Head Office is located in Hong Kong.
For more information about Dachser, please visit www.dachser.hk
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