Climate Change Data

Environmental Metrics

ESG Focus Areas

• Carbon peaking and carbon neutrality
• Green and low-carbon energy transformation
• Environmental protection
• Biodiversity conservation
• High-quality development

Environmental Achievements

• Shanghai Mitsubishi Elevator Co., Ltd. reduced carbon emissions by more than 6,300 tons over the past year.
• Construction of the world’s first 700MW ultra-supercritical CFB boiler for energy saving and environmental protection.
• Development of the world's first natural ventilation direct air-cooling (NDC) 660MW coal-fired generating unit, saving about RMB 13 million in electricity consumption, reducing 24,500 tons of coal consumption and reducing carbon emissions by 54,100 tons per year.
• Shanghai Electric's work for overseas communication won "Silver Dove Award" for Best Design.

Social Achievements

• An employee of Shanghai Electric was included in the 100 "Shanghai Craftsmen" of 2022.
• Shanghai Mitsubishi Elevator Honored as "Green & Low-Carbon Pacesetter"
• Thar Block-1 Power Station, constructed by Shanghai Electric, has been ranked first among Pakistan’s coal-fired plants running at full load by virtue of its low cost.

Governance Achievements

• Shanghai Electric was shortlisted as one of the key enterprises in world-class specialized and sophisticated enterprise cultivation program by SASAC.
• Deepening the implementation of the leadership role of the Party Committee and promoting the transformation from management to governance.

Climate Goals & Targets

Environmental Challenges

• Lack of overall and systematic planning for green and low-carbon transformation, resulting in fragmented initiatives.
• High cost of offshore wind power operation and maintenance.
• Fluctuations in renewable energy sources due to weather conditions.
• Technological challenges in new energy industries.

Mitigation Strategies

• Accelerating the establishment of an institutional decarbonization mechanism for energy and industry sectors.
• Breaking policy barriers between energy and industry.
• Organic combination of traditional and new energy equipment.
• Investing in key technologies for new energy and energy storage.
• Developing holistic solutions for comprehensive zero-carbon industrial parks.
• Using distributed synchronous condensers in prefabricated cabins for flexible deployment and improved serviceability.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Floating offshore wind turbines
• Advanced nuclear power equipment
• New energy storage systems
• Industrial combustion engines
• High-end industrial basic parts

Awards & Recognition

• New Energy Power Development Excellence Award (Floating Wind Power Technology Innovation Award)
• First place in the country in terms of new offshore wind power installations (8 consecutive years)

Environmental Metrics

ESG Focus Areas

• Green development
• Energy transformation
• Carbon reduction
• Social responsibility
• Sustainable development

Environmental Achievements

• Successful maiden voyage of the first offshore wind power Service Operation Vessel (SOV) manufactured in Asia
• Development of a pioneering 300 MW F-class heavy-duty gas turbine prototype
• Completion of the Thar Block-1 Integrated Coal Mine and Power Project
• 56 MW EPC photovoltaic project in Skurtu, Romania reducing 4,150 tons of carbon emissions annually
• Agricultural Waste Recycling Utilization Project in Chongming reducing CO2 emissions by 30,122 tons/year
• Jinling Power Plant renovation reducing power consumption rate by 2.29% and annual standard coal consumption rate by 1.2 g/kWh
• Zero-Carbon Eco-Park initiative

Social Achievements

• Thar project won Pakistan Corporate Social Responsibility Award and Women's Empowerment and Gender Equality Recognition Award
• Blue Ribbon volunteer team's activities supporting autistic children
• Community investment through various CSR initiatives

Governance Achievements

• Not disclosed

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

• Not disclosed