KE Holdings Inc. Unveils Its Comprehensive ESG Strategy for 2024

KE Holdings Inc. Paving the Way for Sustainable Housing

KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE; HKEX: 2423), recognized as a leader in the housing transaction sector, recently released its 2024 Environmental, Social and Governance (ESG) report. This document not only highlights the company's commitment to sustainability but also showcases its strategic initiatives designed to enhance service quality and empower its industry partners.

Focus on People and Trust

Mr. Stanley Yongdong Peng, Beike's Co-founder and CEO, emphasized the importance of consumer trust and satisfaction in today's evolving residential service landscape. Beike aims to create a collaborative environment that builds a healthier ecosystem, encouraging sustainable growth and progress for all stakeholders involved.

Understanding the 2024 ESG Report

The 2024 ESG Report encapsulates Beike’s achievements in corporate governance, talent development, service quality, and environmental sustainability. These initiatives aim to deliver shared value while positively influencing all parties connected to the company.

Key Achievements in Corporate Governance

Beike continues to promote a transparent business approach, increasing information security measures to foster sustainable expansion. To ensure accountability, the company integrated sustainability goals into senior management’s performance reviews, reinforcing long-term ESG progress. A notable assessment conducted by Beike involved double materiality, identifying significant ESG impacts from both financial and societal perspectives, thereby steering its Sustainable Development Strategy.

Enhancing Service Quality

The company is committed to establishing a cycle of high-quality service and customer satisfaction. To cater to the changing consumer landscape, Beike launched the "3+3" service commitments applicable across its brokerage brands. This initiative includes the establishment of a substantial RMB100 million compensation fund aimed at protecting consumer rights and fortifying service provider security.

Support for Service Provider Development

Professional growth among service providers is vital to Beike’s mission. In 2024, training programs were implemented resulting in comprehensive engagement across its real estate agent network, where agents received an average of 109 hours of training. Additionally, the 'Erudite Examination' was further expanded to cover new sectors like home renovation and rentals, yielding nearly 3.2 million participations in 2024 alone.

Leveraging Technology for Service Improvement

Beike is at the forefront of utilizing advanced technologies to enhance user experiences and operational efficiencies. The launch of the "Beike Immersion" solution showcases how the company facilitates improved construction quality control and overall customer satisfaction. Smart technologies, including the Elderly Guardian initiative, are also making strides in home rental services, ensuring safety for vulnerable residents.

Commitment to Low-Carbon Strategies

To align with global green development initiatives, Beike has embedded environmentally friendly principles into every facet of its business operations. The introduction of the "Lianjia Green Store Standard" signifies the company's proactive approach to energy conservation, focusing on sustainable building practices and resource recycling.

Accessibility of the 2024 ESG Report

The comprehensive 2024 ESG Report can be accessed in both English and Chinese. For environmental considerations, Beike encourages viewing the electronic version available on their investor relations website.

About KE Holdings Inc.

Established as a premier integrated platform for housing transactions and services, KE Holdings Inc. has redefined how customers and service providers interact in the real estate sphere. With over 23 years of experience through its leading brand, Lianjia, Beike is adept at creating efficient frameworks for various housing needs including sales, rentals, and renovations.

Frequently Asked Questions

What is the primary focus of KE Holdings Inc.'s 2024 ESG Report?

The 2024 ESG Report primarily focuses on the company's initiatives in environmental sustainability, service quality enhancement, and corporate governance.

How does Beike ensure quality service for its clients?

Beike ensures quality service through the introduction of the "3+3" service commitments and the establishment of a compensation fund for consumer protection.

What training initiatives has Beike established for service providers?

Beike has created extensive training programs covering various sectors to support the professional development of service providers, focusing on comprehensive training for real estate agents.

How is Beike improving safety and quality in home services?

Beike leverages technology with initiatives like the "Beike Immersion" for construction quality control and the Elderly Guardian program for enhancing safety in home rentals.

What are Beike's commitments toward environmental sustainability?

Beike is committed to integrating eco-friendly practices throughout its operations, focusing on energy conservation and the Lianjia Green Store Standard to support a low-carbon future.

About The Author

Riley Hayes here, a financial writer and specialist committed to assisting individuals in navigating the intricate world of finance. My love is using my blog and articles to simplify complex financial ideas into understandable, doable guidance. Having worked in finance for many years, I try to give my readers the information and resources they need to make wise financial choices.

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