Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Health and Safety
• Social Contributions
• Sustainable Development

Environmental Achievements

• Total waste treated increased by 17.4% to 8.13 million tons
• Annual electricity generated increased by 16.6% to 2.3143 billion kWh
• Reduced emissions of approximately 2.94 million tons of carbon dioxide
• Savings of approximately 1.23 million tons of standard coal

Social Achievements

• Regularly organises public site visits to waste incineration power generation plants
• Actively promotes environmental education to primary and secondary school students
• Assists the local government to burn and destroy counterfeit goods
• Engaged in charity activities, providing help to the people and improving the lives of the disadvantaged groups

Governance Achievements

• Successfully listed on the Mainboard of the Singapore Exchange on 3 August 2016
• Established an Audit Committee, a Remuneration Committee, and a Nominating Committee
• Implemented a whistle-blowing policy
• Maintained good corporate governance in all its business activities

Climate Goals & Targets

Environmental Challenges

• Intense market competition
• Implementation of new environmental standards
• Negative public views on waste incineration power generation projects
• ‘proximity effect’

Mitigation Strategies

• Developing and implementing a comprehensive strategic plan
• Strengthening its management system
• Strengthening internal supervision
• Disclosing and publicising environmental data and information
• Setting up shared spaces and facilities with residents
• Implementing preferential water supply, heating, power supply services
• Arranging for workers who stay nearby to be employed
• Regularly organises public site visits and conducts on-site technical exchanges and dialogues

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Top ten influential enterprises in China solid waste industry
• Top ten investors in China’s waste-to-energy incineration power generation PPP project
• Meritorious investors in China’s waste-to-energy incineration power generation PPP project
• Integrity and reliable award for China’s waste-to-energy incineration power generation PPP

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Social Responsibility
• Sustainable Development

Environmental Achievements

• Treated 8.4 million tons of municipal solid waste, generating 2.434 billion kWh of sustainable electricity
• Reduced standard coal usage by 1.27 million tons, reduced carbon dioxide emissions by 2.98 million tons, and conserved approximately 28,000 mu of land

Social Achievements

• Arranged site visits for over 10,000 people, raising public environmental awareness
• Provided annual physical and occupational health checks for all employees

Governance Achievements

• Successfully issued US$200 million of three-year senior unsecured notes, a first for the Chinese WTE industry in the international bond market
• Obtained nine patents, including two invention patents and seven utility model patents

Climate Goals & Targets

Environmental Challenges

• Increasing competition in the domestic WTE market
• Potential business and regulatory risks in expanding international markets
• Need to shut down or stop operations of three older WTE facilities due to land use planning adjustments

Mitigation Strategies

• Adhering to a sustainable development growth strategy and optimizing management efficiency
• Leveraging China's "One Belt One Road" initiative to expand into overseas markets
• Implementing strict due diligence, local partnerships, and risk management strategies for international expansion
• Negotiating compensation with the government for the closure of older WTE facilities

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Influential Company in China’s Solid Waste Industry
• National Quality Project Award (Shandong Zichuan Municipal Solid Waste Incineration Treatment Project)
• Annual Advanced Team of Solid Waste Management in Zhengzhou City (Zhengzhou Xingjin Green Environmental Energy Co., Ltd.)
• 2017 China Ernst & Young Entrepreneurial Award in Clean Technology Category (Ms. Wang Yuanluo)

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Environmental Services and Impacts
• Workforce
• Corporate Governance

Environmental Achievements

• Treated 10.66 million tons of domestic waste and generated nearly 3.08 billion kilowatt-hours of green electricity, reducing standard coal usage by 1.61 million tons and CO2 emissions by 3.78 million tons. Saved at least 35,000 mu of land.
• Successfully passed the acceptance of the National Engineering Laboratory for Waste Incineration Technology and Equipment.
• Achieved stable control of furnace temperature and CO emission in Xishan WTE facility using AI technologies, reducing furnace temperature fluctuation by 36% and CO emission concentrations by 50%.

Social Achievements

• Organized a voluntary blood donation campaign, donating 6,300 ml of blood.
• Made donations to surrounding towns and enterprises totaling over RMB 400,000 in cash and 20,000 goods.
• Actively cooperated with local governments to treat over 4,750 tons of medical waste and domestic waste in quarantine areas in the first quarter of 2020.
• Implemented 7S management, improving work efficiency and regional lean management levels.
• Provided an average of 73.4 hours of training per employee.

Governance Achievements

• Established a formal sustainability governance structure with Board oversight and a Sustainability Steering Committee.
• Opened an official account for feedback and complaints.
• Organized special trainings on environmental laws, bidding laws, contract management, internal control, and integrity.
• No confirmed cases of corruption.

Climate Goals & Targets

Environmental Challenges

• COVID-19 epidemic impacting operations and revenue from certain facilities.
• Supply chain disruptions due to the lockdown.
• Shortage of personnel during the Spring Festival.
• Closure of the Old Kunming Wuhua WTE Facility.
• Closure of the Kunshan Jinkangrui Resource Recycling Project.

Mitigation Strategies

• Implemented strict preventive measures in accordance with local government guidelines.
• Secured a US$270 million syndicated term loan facility.
• Followed up on compensation work for the closure of the Old Kunming Wuhua WTE Facility.
• Received RMB 19,997,000 in compensation for the closure of the Kunshan Jinkangrui Resource Recycling Project.
• Strengthened internal management and strived for external policies.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

Awards & Recognition

• Top 50 Chinese Environmental Enterprises in 2020
• 2020 Top Ten Influential Solid Waste Enterprises

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Sustainable Development
• Circular Economy
• Digitalization
• ESG Management

Environmental Achievements

• Treated 12.629 million tonnes of domestic waste in 2022, generating nearly 3.76 billion kilowatt-hours of green electricity. This reduced standard coal usage by 1.90 million tonnes, CO2 emissions by 4.48 million tonnes, and land usage by approximately 42,000 mu.
• Successfully responded to Typhoons “Xuanlannuo” and “Meihua” in 2022, minimizing environmental impact.

Social Achievements

• Donated over RMB2.5 million worth of goods and funds to society in 2022.
• Established an environmental protection education campus and science and technology corridor in 2022, providing environmental education to 12,000 visitors.

Governance Achievements

• All Directors underwent mandatory sustainability training conducted by the Singapore Institute of Directors and PricewaterhouseCoopers in 2022.
• Incorporated climate change into ESG management and moved towards systematic management.

Climate Goals & Targets

Environmental Challenges

• Increased US Dollar financing costs in 2022.
• Decline in revenue for construction services under BOT concession agreements and project technical and management services, equipment selection and sale and EMC business in 2022.

Mitigation Strategies

• Adopted new financing options to reduce overall financing costs and optimize the Group’s financing structure in 2022.
• Strengthened recycling of scrap metal and other materials, increasing sales of scrap materials through bidding in 2022.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Top 50 Environmental Enterprises in China
• Top 10 Influential Enterprises of Solid Waste in 2022

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Environmental Services and Impacts
• Workforce
• Corporate Governance
• Social Responsibility

Environmental Achievements

• Treated 12.766 million tonnes of domestic waste
• Generated approximately 4.012 billion kilowatt-hours of green electricity
• Reduced standard coal consumption by approximately 1.82 million tonnes
• Decreased carbon dioxide emissions by 4.53 million tonnes
• Conserved approximately 42,000 mu of land
• Successfully commissioned three WTE facilities and one kitchen waste treatment project, increasing waste treatment capacity by 2,450 tonnes per day.

Social Achievements

• Provided a large number of jobs for the unemployed people in the nearby villages
• Carried out public welfare activities, including donations to Bolingou Town and care for the elderly during the Double Ninth Festival.
• 100% of employees received an annual performance evaluation.
• Average training hours per employee: 136 hours (up 11.5% from last year).

Governance Achievements

• Zero confirmed cases of corruption
• Improved risk monitoring, assessment, and prevention and control system
• Implemented the “Regulations on the Management of Production and Operation Digital Control System”

Climate Goals & Targets

Environmental Challenges

• Overcapacity in the WTE market
• Tightening environmental regulations
• Diminishing government sponsorships
• Capacity underutilisation in WTE facilities due to factors such as advanced government planning, waste classification, waste reduction, and new production facilities.
• Gradual shift in demand for WTE from urban to rural areas.
• Uncertainties around the timing for older biomass power projects to be included in National Subsidies catalogue.
• Significant decline in the average bidding price for newer biomass power projects.
• Time gap between the introduction of various transaction policies (green certificates, green electricity, CCER) and actual implementation.
• Difficulties and uncertainty in relation to financing, waste collection and transportation, and construction progress of power plant projects in India.

Mitigation Strategies

• Aggressively pursuing new markets within the circular economy (steam supply, slag treatment)
• Agile management practices and swift recalibration of strategies
• Prioritising technological innovation (recycling of fly ash, solar energy, industrial gas separation, green methanol, disposal of used tires)
• Implementing a four-step digital transformation strategy (production-level autonomous driving, equipment-level digital twins, facility-level intelligent management, enterprise-level business brain)
• Strengthening risk mitigation practices (Zero safety accidents, Zero-tolerance on corruption)
• Exploring new business opportunities (leachate biogas utilization, fly ash treatment, waste tire disposal, industrial gas separation)
• Improving operational efficiency through digitalisation and cost optimisation
• Securing new business projects
• Reviewing the commercial feasibility of terminating investments in India.

Supply Chain Management

Responsible Procurement

• Strengthening communication with existing suppliers to promptly monitor market price changes
• Expanding supplier list to find better suppliers or cost-effective alternative materials

Climate-Related Risks & Opportunities

Physical Risks

• Typhoons, floods, and other extreme weather events
• Continuous hot weather
• Rise of sea level

Transition Risks

• Policy and legal changes
• Technology innovation
• Market fluctuations
• Reputational risks

Opportunities

• Resource efficiency
• Market expansion due to government incentives and regulations
• Enhanced resilience and reputation

Reporting Standards

Frameworks Used: GRI, TCFD

Awards & Recognition

• “Polaris Cup” 2022 Social Benefit Low Carbon Brand Award
• “Top Ten Enterprises with Comprehensive Strength in China’s Domestic Waste Incineration Industry”
• “2023 Top 500 Global New Energy Companies”
• “2023 Top 50 Environmental Enterprises in China”

Environmental Metrics

ESG Focus Areas

• Waste-to-Energy (WTE) operations
• Decarbonization
• Operational efficiency
• Sustainable growth

Environmental Achievements

• Obtained "Green Electricity Certificate" for Xiaoshan Jinjiang WTE Facility, Tianjin Sunrise WTE Facility and Bafang Power Plant
• Awarded "2023 Low Carbon Brand of Social Benefits"

Social Achievements

• Awarded "2023 Top Ten Influential Enterprises of Solid Waste"
• Awarded "China Environmental Protection Industry Association Group Standard Excellent Project in 2023"

Governance Achievements

• Robust capital management guidelines for healthy and sustainable growth
• Maintain 30-70 Equity-to-debt ratio for WTE facility

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• “2023 Top Ten Influential Enterprises of Solid Waste”
• “2023 Low Carbon Brand of Social Benefits”
• “China Environmental Protection Industry Association Group Standard Excellent Project in 2023”