Shui On Land Becomes First Chinese Developer on TIME's Impact List

The selection process, conducted by TIME in collaboration with Statista, utilized the Upright Project’s Net Impact Model to evaluate how core business activities align with United Nations Sustainable Development Goals. By analyzing data from the World Bank, WHO, and IPCC, the ranking identifies firms that balance commercial growth with societal and environmental contributions. For Shui On Land, this validation centers on its "Xintiandi" communities, which utilize a mixed-use model to revitalize urban centers in cities such as Shanghai, Wuhan, and Chongqing.

Stephanie Lo, Vice Chairman of the company, credited the achievement to a human-centric philosophy that prioritizes intergenerational continuity. The firm’s "5C Sustainability Strategy" serves as the operational engine for these efforts, focusing on community, clean energy, culture, care, and corporate governance. Since establishing a 2019 baseline, the developer reports a 57% reduction in Scope 1 and 2 carbon intensity, bolstered by a full transition to renewable electricity across its Shanghai Xintiandi properties as of July 2024. Through partnerships like the "Deep Green Lease" with the U.S. Green Building Council, the company continues to push for systemic decarbonization within its broader tenant ecosystem.