How can a holding group select an encompassing and realistic decarbonisation path?
Low carbon has become a new focus for real estate development in recent years. As a result, Sino-Ocean Group launched its ‘2050 Net Zero Emissions Plan’ in 2022 to support China’s dual carbon goals and build more sustainable cities and communities.
The Group’s primary business includes residential and real estate development, property services, and construction services covering all company activity. Decarbonisation at a Group level will require high collaboration among different departments.
Sino-Ocean Group wanted to take practical steps to ensure they could reach its Net Zero emissions by 2050 commitment. The Group sought to balance climate action with strategic development, assessing the cost, practicality, and feasibility of different carbon reduction pathways. In doing so, Sino-Ocean hoped to select the most effective path for the Group.