Climate Change Data

GCL New Energy Holdings Limited

Climate Impact & Sustainability Data (2015)

Reporting Period: 2015

Environmental Metrics

Total Carbon Emissions:750,000 tCO2e (reduction)
Scope 1 Emissions:0
Scope 2 Emissions:0
Scope 3 Emissions:Not disclosed
Renewable Energy Share:100%
Total Energy Consumption:18,200 MWh
Water Consumption:Negligible (mainly rainwater)
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental Protection
  • Social Responsibility
  • Governance

Environmental Achievements

  • Reduced CO2 emission by 750,000 tonnes in 2015 by generating 870,293 MWh of electricity from solar power plants, equivalent to reducing the use of 27.85 tonnes of coal.

Social Achievements

  • Established a system of appraisal for employees with salary increments based on appraisal results; offered competitive remuneration packages and various benefits; provided an average of 60 hours of training per employee; achieved zero fatal accident in production safety.
  • Actively involved in community caring programs, sponsoring events like the “Mountains Beyond Mountains” Chinese Painter Invitation Exhibition and the Solar Impulse 2 Solar Powered Aircraft Salon; organized a Children’s Environmental Protection Art Competition.

Governance Achievements

  • Established a Risk Management Committee (renamed Strategic Planning Committee in April 2016) to provide risk management with a clear supervisory mechanism; issued the Anti-Corruption and Reporting Standards; adhered to the Employee Handbook for fair competition in hiring and supplier selection; established Standards for Safety in the Operations of Power Plants.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Become one of the most professional and competitive solar energy enterprises in China in the next five years.
Short-term Goals:
  • Increase installed capacity by 2 to 2.5 GW in 2016.

Environmental Challenges

  • Competition for talent in the solar energy industry.
  • Maintaining safe operations and production in power plants located on harsh terrain.
Mitigation Strategies
  • Offering competitive remuneration packages and regular reviews to attract and retain talents; developing a smart robot for efficient and water-free cleaning of solar panels; establishing Standards for Safety in the Operations of Power Plants and holding regular safety training sessions.

Supply Chain Management

Supplier Audits: Regular review of suppliers’ environmental, health and safety performance.

Responsible Procurement
  • Abiding by GCL Group’s Guidance on Supplier Management and Tender Management Standards; selecting reliable suppliers that comply with all related laws and regulations.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI G4 Sustainability Reporting Guidelines (Core option), The Stock Exchange of Hong Kong Limited’s ESG Reporting Guide

Certifications: Provincial companies progressively preparing for ISO14000 certification

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Smart robots for maintenance, level uniaxial solar tracking system

Awards & Recognition

  • Best Deal 2014 (Acquisition International Magazine)
  • Hong Kong’s Most Outstanding Investment Holdings Company and Outstanding Green Energy Innovation Newcomer (Corporate Livewire)
  • 2014 China Top Photovoltaic Brands 1st place for power station investment brand
  • 2015 China’s Most Innovative Company (Economic Observer)
  • CREC Solar Energy Cup’s Outstanding Power Station Developer, Outstanding EPC Company, and Innovative Business Model