Beijing Vantone Real Estate Co Ltd, a leading high-end property developer, has launched a project focused on sustainability.
The company will develop 10 million square meters of "green" buildings within five years, said its Chairman Feng Lun, who added it would save 2.45 million tons of carbon emissions that traditional structures would have consumed.
Meanwhile, the company has set up a research and development center for green products financed from 0.5 percent of its annual revenues. The initial outlay will be 25 million yuan.
"Vantone has embedded 'green' into its corporate strategy, which contains green values, green behavior and green products, thereby leading to long-term competitiveness within the industry," said Feng.
The green supply chain starts with product design, includes the procurement of materials and continues through construction and the products' final use.
There is a green evaluation system at Vantone. Those suppliers whose green score is below 60 will not be able to take part in the bidding process for contracts. Others may be asked to donate a proportion of the deal value to nongovernmental organizations involved in protection of the environment. Vantone calls this a "green compensation scheme".
Vantone has signed a strategic cooperation deal with the United States Green Building Council (USGBC), which developed the Leadership in Energy & Environmental Design (LEED) internationally recognized green building certification system. This provides third-party verification that a building or community was designed and built using strategies intended to improve performance in metrics such as energy savings, water efficiency, CO2 emissions reduction, improved indoor environmental quality, and stewardship of resources and sensitivity to their impacts.
Developed by the US Green Building Council (USGBC), LEED is intended to provide building owners and operators a concise framework for identifying and implementing practical and measurable green building design, construction, operations and maintenance solutions.
Since its inception in 1998, the USGBC has grown to encompass more than 14,000 projects in the United States and 30 countries covering 1.062 billion square feet (324,000 sq km) of development area.
Vantone Tianzhu Legacy Homes, for instance, is China's first residential project that meets LEED's green community standard.
The project, with a planned area of 220,000 sq m, is located in Beijing's Central Villa District. It is being hailed as a fully ecological and livable community.
To make the project environmentally sound, the planner is trying to cut down energy consumption by adopting recyclable sources. More than 20 types of green technology have been used in Vantone Tianzhu Legacy Homes. For instance, as much as 60 percent of the hot water used in homes will be produced by solar energy. Meanwhile, the developer will also send saplings and bicycles to owners as gifts and organize tree-planting activities.
As China is still at the initial stage of urbanization, construction is an important field in which to save energy. Han Qide, vice-chairman of the Standing Committee of the National People's Congress, said at a recent forum that energy consumed during construction accounts for 28 percent of total national energy consumption.