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The climate-related risks that enterprises are currently facing are closely related to the attributes of their respective industries. By referring to common types of climate risks recommended by the Task Force on Climate-Related Financial Disclosures (TCFD) and combining these with the development of China's real estate industry and industrial chain, CMSK has identified two acute physical risks as "typhoons" and "extreme precipitation", two chronic physical risks as "high-temperature weather" and "sea level rise", and three transition risks as "policy and legal risks", "technology risks" and "reputation risks", and assessed their potential impacts on business and responses to them in view of our principal business (real-estate development, property operation and urban services), while gaining a clear understanding of the potential opportunities including Adaptability, Innovation, Policy and Resource Efficiency ahead amid climate change.
Based on the relevant analysis results and the principle of "high comparability, balance and science", CMSK selected two shared socioeconomic paths (SSPs) in the sixth report (AR6) of the Intergovernmental Panel on Climate Change (IPCC)–SSP1-2.6 (the low-greenhouse-gas (GHG) emission scenario) and SSP5-8.5 (the high-GHG emission scenario) so as to analyze climate scenarios in the short-term (2021-2040), mid-term (2041-2060) and long-term (2081-2100).
| Acute Physical Risks | Chronic Physical Risks | Transistion Risks |
|---|---|---|
| ● Typhoons● Extreme precipitation | ● High-temperature weather● Sea level rise | ● Policy and legal risks● Technology risks● Reputation risks |
| Opportunities | |||
|---|---|---|---|
| ● Adaptability | ● Innovation | ● Policy | ● Resource Efficiency |
While planning and designing new projects,we took into full account the physical risks that
may cause extreme weather in the future,and improved building resilience to
get well prepared for changing external environment conditions brought by climate change.
Case: Addressing Climate Change Strategy for Newly-built Project
- Rainstorm and waterlogging proofing
By making a reasonable difference in floor height between indoors and outdoors and adopting enhanced drainage trenches, reservoirs, underground water collection wells and other engineering practices, we made buildings flood- and waterlogging-proofing.
- Extreme cold and extreme heat
We improved the thermal performance of the external envelope structures of buildings to block the flow of heat inside and outside of buildings, to reduce the energy demand under extreme cold or extreme heat and lower the workload of air conditioning and heating units. We designed air conditioning systems based on predicted outdoor temperatures in extreme climates.
- Drought
We grew indigenous species, installed water-saving irrigation systems and took non-conventional water reuse measures to effectively reduce municipal water demands.
Ideal Lab for Garden City
Click and Download CMSK Carbon Peaking and Carbon Neutrality White PaperBecome a practitioner and
demonstrator of green transformation and
development in the real estate industry
2025
Increase of no more than 116% in total carbon emissions in 2025 over 2020
2030
Peak carbon emissions by domestic standard by 2030
2060
Achieve carbon-neutral by 2060
emissions internally
transformation of society
clean energy
chain
building
- Total carbon emissions in 2025 will increase by no more than 116% over 2020
（2022-2025）
- Carbon peak by 2030, and the peak value will increase by no more than 146% over the baseline year
- Carbon peak by 2030, and the carbon emissions will decrease by 21.50% over the BAU scenario 1
target
（2026-2030）
- After achieving the carbon peak by 2030, the total carbon emission and carbon emission intensity will be steadily reduced
- Achieve carbon-neutral by 2060
（2030-2060）
| Carbon Emission Performance | ||||
|---|---|---|---|---|
| Indicators | Unit | 2025 | 2024 | 2023 |
| Direct GHG emissions (Scope 1) | tCO₂e | 98,811.43 | 89,181.21 | 81,499.45 |
| Indirect GHG emissions (Scope 2) | tCO₂e | 213,975.51 | 235,992.80 | 223,328.64 |
| Indirect GHG emissions (Scope 3) | tCO₂e | 280,485.22 | 360,937.56 | 307,171.22 |
| Total GHG emissions (Scope 1 + Scope 2) | tCO₂e | 312,786.94 | 325,174.01 | 304,828.09 |
| Of which: Development business | tCO₂e | 15,786.80 | - | - |
| Asset operation | tCO₂e | 279,652.42 | - | - |
| Property services | tCO₂e | 17,347.72 | - | - |
| GHG emissions intensity (Scope 1 + Scope 2) | tCO₂e/CNY10,000 | 0.0202 | 0.0182 | 0.0174 |
| Of which: Development business | tCO₂e/CNY10,000 | 0.0012 | - | - |
| Asset operation | tCO₂e/CNY10,000 | 0.3899 | - | - |
| Property services | tCO₂e/CNY10,000 | 0.0104 | - | - |
Note: Scope 3 emissions include the emissions from CMSK's operation downstream leasing assets.
Disclaim · Contact Us
Y.ICP.B. No. 12006351
Address: Building 3, Nanhai ECOOL, 6 Huangxing Road, Shekou, Nanshan District, Shenzhen City
Tel：0755-26818600
Fax：0755-26691037
Postal Code: 518067
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