On June 5, 2016, SEE, China Urban Realty Association (CURA), China Real Estate Chamber of Commerce (CRECC), Vanke Enterprise Co., Ltd., and Landsea Green Properties Co., Ltd. jointly launched “The Green Supply Chain Action of the Real Estate Industry in China", aiming to promote and regulate the environmental performance of upstream suppliers, through implementing practices according to “Green Only Procurement". With the technical assistance of third-party organizations, the GSC Action list the environmentally well-performed suppliers, who will be eligible for prioritized procurement by the real estate companies. So far, a total of 100 real estate companies have joined the Action. The “White List” lists 3841 suppliers in total, encompassing 10 categories. New mechanisms, namely the “Black List” and the “Green List” were launched.
Real estate companies, when conducting procurement, should promote the idea of green development, and take into account factors of environmental protection, resource consumption, public health and safety, circular economy, prioritizing procurement of materials, services, and products that are environment and public health friendly, energy, water, and resource saving.