Climate Change Data

Fuyao Glass Industry Group Co., Ltd.

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:858,719.01 tCO2e/year
Scope 1 Emissions:10,605.46 tCO2e/year
Scope 2 Emissions:848,113.55 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:5,714,549.54 MWh/year
Water Consumption:5,798,906.18 tonnes/year
Waste Generated:11,872.89 tonnes/year
Carbon Intensity:0.6953 tonnes of CO2eq/10,000 yuan of output

ESG Focus Areas

  • Climate Change
  • Environmental Management
  • Employee Well-being
  • Supply Chain Sustainability
  • Corporate Governance
  • Business Ethics
  • Product Quality
  • Community Investment

Environmental Achievements

  • Received EcoVadis Gold Medal in 2022
  • Winning CDP’s Environmental Leadership Award
  • Installed capacity of renewable energy 94 MW
  • Power generation capacity of renewable energy 91,936 MWh
  • Avoided emitting 204,303.36 tonnes of CO2 equivalent of greenhouse gases through various measures
  • Reduced FYE external quality loss by 1.43 million yuan (55%)

Social Achievements

  • Average employee satisfaction survey result of 89.97%
  • Helped 10 employees in need, giving 910,000 yuan in total
  • 100% of employees received regular performance evaluations
  • Launched various employee wellbeing initiatives (Zongzi making, Women's Day activities)
  • 75.31% of suppliers signed the Sustainable Procurement Charter
  • 75.23% of suppliers completed on-site CSR inspections
  • 100% of suppliers submitted reports on conflict minerals

Governance Achievements

  • 100% of operating sites conducted business ethics audits or risk assessments
  • 100% of employees received training on business ethics
  • Established an independent internal audit department
  • Closing rate of cases related to business ethics was 100%
  • Developed a Policy on the Diversity of Board Members
  • Improved internal control systems (Internal Control System, Internal Audit System, etc.)

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality across the Group by 2050
  • Achieve carbon neutrality in supply chains by 2050
Medium-term Goals:
  • Reduce carbon emissions per 10,000 yuan of output by 50% by 2030 compared to 2019 levels
  • Reduce overall energy consumption per 10,000 yuan of output by 50% by 2030 compared to 2019 levels
  • Reduce water consumption per ton of products by 30% by 2030 compared to 2019 levels
  • Reduce wastewater discharge from producing one square meter of product by 30% by 2030 compared to 2019 levels
  • Reduce wastewater discharge from producing one tonne of product by 20% by 2030 compared to 2019 levels
  • Reduce hazardous waste generation from producing one square meter of product by 30% by 2030 compared to 2019 levels
  • Reduce hazardous waste generation from producing one tonne of product by 20% by 2030 compared to 2019 levels
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Economic slowdown in Europe and the US
  • Global supply chain disruptions
  • Rising prices in transport, energy, and materials
  • Global inflation
  • Climate change related risks (typhoons, extreme weather, floods)
  • Technological risks (rapid technological shifts in the automotive industry)
  • Market risks (declining demand, reduced average selling price)
  • Reputation risks (failure to build a green brand image)
  • COVID-19 pandemic impacts (logistics disruptions, limited production capacity, staff shortages)
Mitigation Strategies
  • Improved management structure
  • Developed alternative plans for high-risk material delivery
  • Extended material storage period
  • Implemented intermittent production mode
  • Rotated employees from different departments
  • Prioritized timely supply of products
  • Established a climate change governance structure and greenhouse gas management committee
  • Developed plans and actions to address climate change
  • Implemented efficient carbon management measures (energy audits, technology upgrades, energy consumption monitoring system, CCHP systems)
  • Increased uptake of renewable energy
  • Developed alternative sourcing strategies
  • Actively applied for green manufacturing projects
  • Incorporated green standards for emerging industries into the ESG risk management system
  • Established a risk control operation mechanism
  • Strengthened the coordinated management of the Three Lines of Defense

Supply Chain Management

Supplier Audits: 75.23% coverage

Responsible Procurement
  • Supplier Code of Conduct on Social Responsibility
  • Sustainable Procurement Charter
  • Conflict Minerals Policy Statement
  • REACH/RoHS Compliance Evaluation Form

Climate-Related Risks & Opportunities

Physical Risks
  • Typhoons
  • Extreme rainfall
  • Floods
  • Rainstorms
Transition Risks
  • Policy and regulatory risks (national laws and regulations restricting energy consumption)
  • Technology risks (failure to keep developing new products)
  • Market risks (declining demand for non-energy efficient products)
Opportunities
  • Growing demand for safe and energy-efficient products
  • Development of energy-efficient products
  • Opportunities for international cooperation
  • Response to the national green manufacturing system and preferential policies

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Standard, HKEx’s ESG Reporting Guide, GB/T 36000-2015, GB/T 36001-2015, GB/T 36002-2015, ISO 26000, AA1000 AS v3

Certifications: IATF16949:2016, ISO 27001:2013, ISO 14001:2015, ISO 45001:2018/OHSAS 18001

Third-party Assurance: TÜV SÜD Certification and Testing (China) Co., Ltd. Shanghai Branch

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Coated thermal insulation glass
  • Coated heating glass
  • Super UV/IR cut glass
  • Anti-fog glass
  • Lightweight glass
  • Solar glass
  • Intelligent Pillar

Awards & Recognition

  • EcoVadis Gold Award
  • CDP’s Environmental Leadership Award
  • New Energy Utilization Award 2022
  • Excellence Award (Intelligent Pillar)
  • Fortune’s 2022 Most Admired Chinese Companies list
  • First among the Top 100 Intelligent Manufacturing Rankings in China in 2022
  • 12th among the Top 30 Chinese Auto Industry Parts Manufacturers 2022
  • AAA in the Green Development Index (GDI)
  • Among the 100 Most Respected Enterprises
  • Golden Bull Social Responsibility Award 2021
  • 4A in the Performance Evaluation of the Board Secretaries
  • National Demonstration Enterprise for Harmonious Labor Relations
  • National Intellectual Property Demonstration Enterprise
  • Outstanding Strategic Partner at BYD NEV Core Supplier Convention 2022
  • One of the Top 100 New Entity Enterprises 2022