Xinyi Energy Holdings Limited
Climate Impact & Sustainability Data (2019, 2020)
Reporting Period: 2019
Environmental Metrics
Total Carbon Emissions:11,193 tonnes of CO2e
Scope 1 Emissions:148.69 tonnes of CO2e
Scope 2 Emissions:11,095.33 tonnes of CO2e
Renewable Energy Share:100%
Total Energy Consumption:13,732,006 kWh
Water Consumption:7,065 cubic meters
Waste Generated:93.1 tonnes
Carbon Intensity:6.98 tonnes of CO2e per GWh
ESG Focus Areas
- Environmental Management
- Social Responsibility
- Corporate Governance
Environmental Achievements
- Reduced CO2 emissions by 1.349 million tonnes through photovoltaic power generation
- 974MW of projects enlisted on the sixth and seventh batch of the Subsidy Catalogue
- Remaining 520MW projects meet renewable energy generation subsidy conditions
Social Achievements
- Established a trade union to provide staff with more opportunities to voice their opinions
- Organized various activities to enrich staff’s leisure time and improve work-life balance
- Provided 12,206 hours of training for 4,388 employees
Governance Achievements
- Established a stable governance structure for ESG matters
- Adopted diversified policies to enhance corporate governance
- Strictly complied with the Corporate Governance Code
Climate Goals & Targets
Short-term Goals:
- Increase solar farm scale by 10-20% year-on-year
- Increase greenhouse gas emission reductions by 10% through green electricity provision
- Optimize operation and maintenance technology to further reduce water and energy consumption intensity
Environmental Challenges
- Extreme weather events (typhoons, floods) causing damage to modules and affecting power generation efficiency
- Abnormal rainy weather affecting power generation and revenue
- Global warming leading to frequent extreme climate change
Mitigation Strategies
- 24-hour real-time monitoring through a centralized operation management platform
- Data collection on extreme weather patterns for contingency and prevention plans
- Improved operational efficiency through intelligent operation and maintenance
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather (typhoons, floods)
- Abnormal rainy weather
- High temperatures leading to heatstroke and fire risks
Opportunities
- Increased demand for renewable energy
- Technological transformation towards intelligent operation and maintenance
Reporting Standards
Frameworks Used: Appendix 27 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited
UN Sustainable Development Goals
- Goal 7: Affordable and clean energy
- Goal 11: Sustainable cities and communities
- Goal 13: Climate action
The Group's business model aligns with these goals through renewable energy generation, community engagement, and climate action initiatives.
Reporting Period: 2020
Environmental Metrics
Total Carbon Emissions:15,249 tonnes
Scope 1 Emissions:176.92 tonnes of CO2 equivalent
Scope 2 Emissions:15,120.02 tonnes of CO2 equivalent
Renewable Energy Share:100%
Total Energy Consumption:19,634,444 kWh
Water Consumption:12,483 m³
Waste Generated:22.70 tonnes (hazardous), 7.51 tonnes (non-hazardous)
Carbon Intensity:8.47 tonnes of CO2 equivalent per million kWh of electricity sold
ESG Focus Areas
- Climate Change Related Opportunities and Risks
- Sustainable Development Goals
- Safety Management
- Employees’ health
- Systematic Risk Management & Control and Emergency Response
- Environmental management and resources efficiency
- Occupational health management
- Labour compliance
- Remuneration package and talent retention
- Training and equal opportunities
- Corporate development and value sharing
- Corporate social responsibility
Environmental Achievements
- Generated close to 1.8 billion kWh of electricity, equivalent to reducing carbon dioxide emissions by 1,508,000 tonnes.
- Reduced carbon emission corresponding to the electricity sales per GWh to only 8.47 tonnes, representing only 1% of the carbon emission corresponding to the same amount of coal-fired power.
- Average utilization rate of solar farms reached 99% despite extreme weather.
Social Achievements
- Zero work-related fatalities and only one minor traffic accident.
- Zero occupational diseases among employees.
- Provided 6,921 hours of training to employees.
- Paid tax of HK$166 million.
- Internal promotion rate of over 57% in the Operation and Maintenance Department.
Governance Achievements
- Established a whistle-blowing system for integrity-related matters.
- Organised 298 hours of integrity-related trainings with 118 participants.
- Achieved 100% integrity training rate among existing employees.
- No concluded litigation raised against the Group or its employees concerning corruption.
Climate Goals & Targets
Long-term Goals:
- Achieve zero major equipment failure/power safety/fire accident, zero fatality, and no serious injury accidents.
Medium-term Goals:
- Continue to optimize operation and maintenance technology to further reduce water and energy consumption intensity.
Short-term Goals:
- Increase the scale of solar farms by 10-20% year-on-year and increase annual greenhouse gas emissions reductions by 10%.
Environmental Challenges
- Extreme weather events (typhoons, floods, heavy rainfall) impacting power generation.
- Abnormal cloudy and rainy weather affecting power generation.
- High temperatures increasing fire risk and heatstroke risk for staff.
- COVID-19 pandemic affecting development, construction, and grid-connection of solar farms.
Mitigation Strategies
- Established emergency management system and contingency plans for extreme weather.
- Implemented 24-hour real-time monitoring to identify abnormalities and execute contingency plans.
- Developed contingency and prevention plans for different regions based on long-term operation data and extreme weather patterns.
- Conducted safety checks aimed at wind and flood prevention in peak seasons.
- Improved operation efficiency through intelligent operation and maintenance.
- Implemented high-temperature work regulations, adjusting working arrangements and providing heatstroke prevention equipment and supplements.
- Regularly inspected and checked water and flood drainage systems.
- Replaced staff patrol with drones under abnormal weather.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Typhoons, rainstorm, floods
- Abnormal cloudy and rainy weather
- High temperatures
- Extreme heavy rain and floods
Opportunities
- Increased demand for renewable energy due to decarbonization policies.
- Transition to intelligent operation and maintenance.
- Expansion of renewable energy trading market and customer base.
- Increased electricity demand due to electrification and extreme weather.
Reporting Standards
Frameworks Used: GRI, TCFD
UN Sustainable Development Goals
- Goal 7: Affordable and Clean Energy
- Goal 11: Sustainable Cities and Communities
- Goal 13: Climate Action
- Goal 3: Good Health and Well-being
- Goal 8: Decent Work and Economic Growth
The Group's business model aligns with these SDGs through renewable energy generation, community engagement, and employee well-being initiatives.