Sino Ocean : Wins the "2021 China Green Real Estate Operation Index TOP10”

On July 29, the '2021 China International Green Finance and Green Building Forum' was held in Guangzhou. At the meeting, Sino-Ocean Group won the award of '2021 China Green Real Estate Operation Index TOP10' for its forward-looking exploration and outstanding performance in green building and healthy building.

The theme of this forum was 'Green Finance Facilitates Building Carbon Neutrality'. It brought together executives from more than 50 listed real estate companies, over 100 green finance practitioners, experts from ministries and commissions, media reporters and other guests, to have in-depth exchanges on the topics of the green development of real estate and construction industry as well as 'carbon neutrality'.

As a pioneer of green building in China, Sino-Ocean Group started the comprehensive research and practice of green building as early as 2006. At present, more than 110 projects have completed the registration of national green building standards, gaining a significant market competitive advantage in green design, green construction, green operation, and green office. Since 2015, Sino-Ocean Group has introduced the international healthy building standard WELL and coupled with its own development strategy to further explore the construction of healthy space, realizing concept and technology updates from 'green building' to 'healthy building'.

Driven by the national target of 'Carbon Peak 2030', 'Carbon Neutral 2060' and the '14th Five-Year Plan' on emission reduction, green and low carbon have become the key words for the development of real estate and construction industries. This April, Sino-Ocean Group once again made a clear statement 'to achieve net zero emissions by 2050', becoming the first real estate company to put forward the goal of 'carbon neutrality by 2050' in mainland China. At the same time, taking the establishment of the 'Building·Health 2030' alliance as an opportunity, Sino-Ocean Group actively cooperates with upstream and downstream industry chain partners to promote sustainable development of people, buildings, environment, and society together.

In addition, Sino-Ocean Group continues to proceed its own energy conservation and emission reduction efforts through financial instruments such as green bonds. At present, Sino-Ocean Group has established a green finance framework, and a third-party rating agency provides certification to the framework and issues a second-party opinion. In April of this year, Sino-Ocean issued US$400 million five-year offshore green bonds for the first time, attracting investment from numerous well-known domestic and foreign institutions, including multiple international green investors, and finally got 5.25 times oversubscription. In July of this year, it once again priced and issued US$320 million 3.5-year green bonds with a coupon rate of 2.7%, which was the lowest interest rate for its US dollar bond issuance in the overseas market, demonstrating the capital market highly recognized the company's deep operation in the fields of green real estate and healthy buildings.

Sino-Ocean Group will adhere to the concept of sustainable development, create more healthy and green products with ingenuity. It will also work with upstream and downstream industry chain partners to jointly promote the high-quality development of green real estate and healthy buildings and contribute to the realization of the goal of '2060 Carbon Neutrality'.