42 Environmental, Social and Governance Report 2023 PILLAR 2: PROPERTY PORTFOLIO Sustainable & Efficient Operations China ESR China has actively pursued renewable energy initiatives to reduce its environmental footprint. As part of the efforts made in 2023, rooftop solar panels were installed at the Shenyang Yibei Logistics Park which contributed 1 MW of renewable energy to the grid. Looking ahead, ESR China has ambitious plans to launch substantially more rooftop solar projects over the next few years. In addition to the solar projects, the construction of ESR Shangyang Hualong E-commerce Industrial Park was completed, featuring a 2 MW solar power generation system connected to the grid. These initiatives demonstrated ESR China’s commitment to harnessing renewable energy sources and contributing to a sustainable future for the industry. Shenyang Yibei Logistics Park CASE STUDY ESR China Renewables Subsidiary Completed First Domestic Rooftop Solar Project ESR China sets an ambitious goal of launching over 70 rooftop solar projects in collaboration with strategic partners. Through its subsidiary, E-Power Technology Co. Ltd., ESR China aims to establish a self-sustaining renewable energy ecosystem that benefits the entire value chain within the industry. In FY2023, ESR China has successfully implemented rooftop solar projects with a total capacity of 21.6 MW across various locations in China, including Fujian, Tianjin, Shenyang, Hangzhou and Guangzhou. By the end of 2024, the company expects its solar installation capacity to increase to 100 MW, generating over 100,000 MWh of solar energy annually. These efforts exemplify ESR China’s commitment to sustainable practices and its dedication to making a positive impact on the environment. The new industrial park with ESR’s first owned rooftop solar project located in Jiedong District, Jieyang, China
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