The first-ever transaction made under the Panda Standard came from Franshion Properties, affiliated with Sinochem Group, under the impression of gaining carbon neutrality. By trading with Yunnan Mengxiang Bamboo industry, Franshion Properties used 16,800 tons worth of voluntary emission reductions (VERs) to plant over 50,000 hectares of forests while developing the forest industry to decrease poverty in the areas worked. This transaction had other effects such as promoting the real estate industry for greener land and ownership.
