New Universe Environmental Group Limited
Climate Impact & Sustainability Data (2019, 2020, 2021)
Reporting Period: 2019
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Successfully transitioned to using natural gas in all its waste treatment plants except Xiangshui New Universe.
- Upgraded several facilities specifying on their pipes and structures’ seepage and leakage proof ability
- Improved administration and information systems to allow better control and management over usage and distribution for resources such as, energy, water, paper
Social Achievements
- No work-related fatalities.
- Improved, increased, and made specify training on health and safety awareness, and emergency contingency plans
- Worked on cultivating a sense of belonging amongst employees and establishing family-like bonds
Governance Achievements
- No concluded legal cases regarding corrupt practices.
- Increased training for managerial level members, especially on understanding topics relating to their role and responsibility on upholding anti-money laundering, managing ESG matters
Environmental Challenges
- Increased demand for and capacity of handling waste treatment, hence increased hazardous waste generated.
- Temporary cessation of operations in Suqian New Universe from January to August in 2019 carrying out repairs and maintenance after the expiration of the previous operation permission licence and the 3.21 Chemical Plant Explosion located within Jiangsu Province which delayed the procedure further.
- Xiangshui New Universe was affected by a nearby explosion in March which occurred in a chemical plant also situated within the Xiangshui Chenjiagang Chemical Industry Park.
Mitigation Strategies
- The Group will continue adopting the three core principles of, source reduction, toxicity elimination, and recycling, prior to waste disposal in order to minimise the amount of hazardous waste disposed.
- The operations have resumed normal in September when the hazardous waste operating permission licence was granted again.
- Additional equipment necessary for combatting and rescuing in hazardous events were also purchased. Regarding training-based measures, the Group had invited all its employees to watch relevant footages from the explosive incident
Supply Chain Management
Supplier Audits: 446 suppliers engaged
Responsible Procurement
- Standardised procurement guidelines and procedures.
- Quotations from at least 4 suppliers for comparison.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: ESG Reporting Guide (Appendix 27 of the Rules governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Began operating Class A temporary hazardous waste storage warehouses.
- Completed Yancheng NUHF’s anti-seepage and anti-leakage improvement work for its landfill, reducing at least 85% of seepage and leakage.
- Upgraded facilities in hazardous waste warehouses and wastewater treatment plant to reduce air and dust pollution.
- Recycled and reused at least 30% of water at the Eco-Plating Specialised Zone.
Social Achievements
- Provided job opportunities to youths during the COVID-19 pandemic using online recruitment.
- Improved, increased, and specified training on health and safety awareness, strengthening prevention and reactions against accidents and hazardous events.
Governance Achievements
- Set up an ESG Committee for clear and consistent policies.
Climate Goals & Targets
- Not disclosed
- Not disclosed
- 20% solid waste reduction target by the Eco-plating Specialised Zone
- 30% water reuse target for water consumption at construction sites
Environmental Challenges
- Climate change and tightening environmental laws and regulations.
- Supply chain disruptions (implied).
Mitigation Strategies
- Exploring energy efficiency and recovery opportunities to manage emissions.
- Developing alternative sourcing strategies (implied).
Supply Chain Management
Supplier Audits: 404 suppliers engaged; audits conducted for new suppliers.
Responsible Procurement
- Procurement Management Policy; quotations from at least 4 suppliers for comparison; priority given to existing, pre-approved suppliers.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Tightening environmental laws and regulations
Opportunities
- Energy efficiency and recovery opportunities
Reporting Standards
Frameworks Used: ESG Reporting Guide (Appendix 27 of the Rules governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)
Certifications: ISO certifications (mentioned but not specified)
Third-party Assurance: SGS Hong Kong Limited
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Recycled and reused at least 26% of water at the Eco-Plating Specialised Zone
- Introduced a new medical waste collection system at Yancheng NUHF for large-scaled hospitals, which replaced the use of single-use medical waste collection bags and containers
- Improved transportation efficiency rate of steam supplied to neighbouring companies from 25% to 50% at Yancheng NUHF
- Upgraded facilities in the hazardous waste warehouses and wastewater treatment plant to reduce air pollution and improve effluent emission standards
Social Achievements
- Improved, increased, and made specified training on health and safety awareness, and strengthened prevention and reactions against accidents and hazardous events
- Increased 13% of overall average training hours received by employees
- Improved employment welfare in Zhenjiang Sinotech
Governance Achievements
- Set up an ESG Committee for clear and consistent policies
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Achieve 5% hazardous waste reduction at Zhenjiang New Universe by 2022
- Achieve 20% solid waste reduction at Zhenjiang Sinotech by 2023
- Achieve 15% paper consumption reduction at Yancheng NUHF by 2024
- Generate 1,800,000 kWh of energy from steam recovery at Zhenjiang New Universe in 2022
- Achieve 60% steam transportation efficiency rate at Yancheng NUHF by 2024
- Achieve a 20% reduction on water consumption at Zhenjiang New Universe by 2026
Environmental Challenges
- Climate change and tightening laws and regulations
- Uncertainties caused by climate change (ambient temperature and air pressure changes)
- Supply chain disruptions (inadequate waste oil for combustion in Xiangshui New Universe)
Mitigation Strategies
- Contingency plan for extreme weather and insurance purchase
- Exploring state-of-the-art artificial intelligent technologies to adjust and optimise ambient conditions for hazardous waste treatment
- Cooperating with government authorities to perform industrial upgrading projects
- Switching to cleaner fuels (natural gas)
- Energy recovery practices
- Waste reduction initiatives
Supply Chain Management
Supplier Audits: 477 suppliers engaged
Responsible Procurement
- Procurement Management Policy
- Prioritizing suppliers with proven track records
- Auditing new suppliers' performance and compliance
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather
Transition Risks
- Tightening laws and regulations
Opportunities
- Energy efficiency and recovery opportunities
Reporting Standards
Frameworks Used: ESG Reporting Guide (Appendix 27 of the Rules governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)
Certifications: GB/T 24001/ISO 14001 (Zhenjiang Sinotech), GB/T 45001/ISO 45001 (Zhenjiang Sinotech), GB/T 19001/ISO 9001 (Zhenjiang Sinotech)
Third-party Assurance: SGS Hong Kong Limited
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed