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Governance

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Sustainability Commitment and Material Issues

  • Sustainability Commitment

    Longfor aims to fulfill its corporate mission of LONGFOR FOR YOU FOREVER by aligning with the UNSDGs and the 2030 Agenda. We have established five core pillars for sustainable development: "Exemplary Service," "Public Good," "Collaborative Excellence," "Environmental Stewardship," and "Employee Care." By emphasizing ‘Compliance Management’ and ‘Sustainable Development’ as strategic imperatives, we strengthen our foundation for sustainable growth and foster company-wide sustainability.

  • Material Issues

    Longfor Group attaches importance to the identification, assessment, and management of sustainability issues. Based on business deployment and development, we have developed a matrix of material issues, which is informed by the compliance requirements of the Stock Exchange, the ESG rating system of the capital market, industry benchmarks, as well as the expectations and demands of diverse stakeholders.

  • ESG Committee

    Longfor Group continues to enhance corporate ESG governance and refine governance structure. To achieve this, Longfor has set up an Environmental, Social, and Governance (ESG) Committee at the Board level. This committee, chaired by Mr. Chan Chi On, an independent non-executive director, includes the Chairman of the Board, one executive director, and two independent non-executive directors as members. The primary purpose of this committee is to assist the Board in overseeing sustainability management policies and ensuring balanced and effective ESG decision-making processes.

  • Risk Management

    Longfor Group adheres to the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Companies Ordinance of Hong Kong, the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited, and other relevant laws and regulations, as well as advanced international laws and regulations. Furthermore, we refer to our peers and the Committee of Sponsoring Organizations of the Treadway Commission (COSO) Internal control framework. We have established the Longfor Risk Management System and other internal policies, which define the risk management organizational system, specific responsibilities, overall risk management process, risk assessment methodology, and regular risk reporting mechanism. We strengthen the risk management system and internal control and compliance system, so as to effectively safeguard the quality of the Group's risk control as well as the effective operation of the responsibilities at all levels.

  • Integrity and Compliance

    Longfor Group abides by the Anti-Money Laundering Law of the People's Republic of China, the Anti-Unfair Competition Law of the People's Republic of China, the Prevention of Bribery Regulations, and other relevant national and local policies and regulations. All employees, including executives and new hires, are required to sign the Code of Longfor Business Conduct, which covers anti-corruption and bribery, anti-monopoly and unfair competition, anti-money laundering, and whistleblowing. We provide diversified business ethics reporting channels and have formulated the Group’s Whistleblower Protection Policy to further improve the whistleblower protection mechanism.