CGN New Energy Holdings Co., Ltd.
Climate Impact & Sustainability Data (2016, 2018, 2023-01-01 to 2023-06-30)
Reporting Period: 2016
Environmental Metrics
Total Carbon Emissions:4,755,100 tCO2e (CO2), 976.16 tCO2e (CH4), 1,448.04 tCO2e (N2O), 452.43 tCO2e (SF6)
Renewable Energy Share:64.5% of attributable installed capacity
Total Energy Consumption:271,605.95 MWh
Water Consumption:7,582,920 m3
Waste Generated:348,606.56 tons (hazardous and non-hazardous combined)
ESG Focus Areas
- Greenhouse gases emission
- Environmental impact assessment and mitigation measures
- Waste management
- Wastewater treatment
- Energy consumption
- Suppliers and contractors management
- Staff benefits
- Anti-corruption
- Service assurance
- Occupational health and safety
- Compliance with labour laws
Environmental Achievements
- Reduced annual water consumption by 110,000 tonnes (Nantong Project)
- Reduced annual electricity consumption by approximately 445,000 kWh through three key technological reform projects (LED lighting upgrade, transformer renovation, phase out of Y type electric motors)
- Ultra-low emission renovation for unit 2 of Nanyang General Light Electric Co., Ltd. keeping emission of smoke and dust, sulphur dioxide and nitrogen oxides below 5mg/m3, 35mg/m3 and 50mg/m3 respectively.
- Installation of five precipitators that operate with alternating current, expected to reduce smoke and dust emission by 43.39 tonnes per year.
Social Achievements
- Maintained a zero injury record in 2016
- Organized a wide range of staff activities to promote staff mental and physical health
- Set up an education subsidy programme to provide financial support for education of underprivileged children in the Altai Mountains in Xinjiang.
Governance Achievements
- Complied with the code provisions set out in the Corporate Governance Code and Corporate Governance Report
- Formulated policies to raise staff integrity and vigilance, preventing non-compliance (Requirements of Business Integrity for Officers, Provisional Administrative Measures for Gifts Accepting and Offering, Provisional Measures of Conversation and Letter Enquiry on Business Integrity, Assessment Method on Compliance of Business Operation and Integrity of Officers, Administrative Measures on Discipline Inspection, Supervision and Reporting Procedures, Reward Measures for Real-name Whistleblowing)
- No lawsuits against the company over corruption, and no non-compliances with laws and regulations.
Climate Goals & Targets
Environmental Challenges
- Grid tariff declined and curtailment of wind, solar and hydro power still existed.
- Intense competition for talents in the new energy industry.
Mitigation Strategies
- Actively responded to the national “Thirteenth Five-Year Plan”, seizing opportunities and carrying on the intense development of non-nuclear clean and renewable energy.
- Strengthened human resources policy and staff training programme to build an outstanding team.
- Regularly reviewed the existing remuneration and benefit package, enhanced working environment and provided training that fits market and employees’ needs to attract and retain talents.
Supply Chain Management
Supplier Audits: Regular onsite assessments
Responsible Procurement
- Principle of “mutual benefit, joint development, environmental protection and benefiting society”
- Supplier (Outsourcing Project) Environmental and Safety Control Agreements
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Appendix 27 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited
Certifications: ISO14000 (all power generation projects), OHSAS 18001 (project companies in China and Korea), KOSHA 18001 (project companies in Korea)
Awards & Recognition
- Most Promising Listed Company
- Best Company Secretary (2016 China Financial Market Listed Companies Awards)
- Top100 Hong Kong Awards
- Top 10 Small Enterprises
- 2016 Outstanding Listed Company (14th China’s Financial Annual Champion Awards)
- 2016 First Class Award for Information Technology in Power Sector (China Electricity Council)
- Advanced Unit in Corporate Culture Brand Building in China’s Power Industry
Reporting Period: 2018
Environmental Metrics
Total Carbon Emissions:17,874,972.55 tCO2e/year
Renewable Energy Share:66.5% of total installed capacity
Total Energy Consumption:26,705,949.25 MWh/year
Water Consumption:8,808,429.05 m3/year
Waste Generated:353,631.28 tons/year
Carbon Intensity:1.34 tonnes CO2eq per MWh of electricity generated
ESG Focus Areas
- Environmental Protection
- Employees' Welfare and Occupational Health and Safety
- Community Contribution
- Corporate Governance
- Green Operation
- Supply Chain Management
- Anti-corruption
Environmental Achievements
- Reduced carbon dioxide emissions by 3,063,804.4 tonnes, nitrogen oxides by 907.5 tonnes, sulfur dioxide by 943.8 tonnes, smoke and dust by 217.8 tonnes, and wastewater by 217,806.0 tonnes (compared to an unspecified baseline).
- Successfully completed the hoisting of all wind turbines in the Lankao County, Henan Province project, overcoming challenging weather and environmental conditions.
- Achieved ultra-low emissions at the Nantong Cogeneration Project, exceeding national requirements.
Social Achievements
- No work-related injuries or casualties reported.
- Various safety training programs organized for employees.
- Community care activities focused on poverty alleviation, education, and environmental protection.
- Launched a new employee training program.
Governance Achievements
- Strict compliance with anti-corruption laws and regulations.
- Established a whistleblowing system.
- Implemented policies to protect whistleblowers from retaliation.
Climate Goals & Targets
Environmental Challenges
- Supply chain disruptions are not explicitly mentioned, but the report highlights the importance of managing environmental and social risks within the supply chain.
Mitigation Strategies
- Developed and implemented various internal management policies on atmospheric emissions, wastewater, wastes, and mitigation of adverse impacts on the ecological environment.
- Signed Supplier (Outsourcing Project) Environmental and Safety Control Agreement with suppliers and contractors.
Supply Chain Management
Supplier Audits: 2,293 suppliers and contractors
Responsible Procurement
- Supplier (Outsourcing Project) Environmental and Safety Control Agreement
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Appendix 27 of the Listing Rules of The Stock Exchange of Hong Kong Limited
Certifications: ISO 14001, OHSAS 18001
Third-party Assurance: CECEP (HK) Advisory Company Limited
Awards & Recognition
- Second Prize of 2018 Annual Power Innovation Award (two projects)
- Energy Science Education Base (11 clean energy power stations)
- 2018 National Outstanding Wind Power Development Unit
- National Water and Soil Conservation Ecological Civilization Project (Ninghai Yishi Wind Farm Project)
- Best Corporate Governance Award and Best Annual Report Design Award of “2017 China Financial Market Awards for Listed Companies”
Reporting Period: 2023-01-01 to 2023-06-30
Environmental Metrics
Renewable Energy Share:82.6%
ESG Focus Areas
- Clean energy
- Safety
- Social Responsibility
- Innovation
- Investor Relations
Environmental Achievements
- Increased clean and renewable energy projects to 82.6% of attributable installed capacity
- Reduced carbon intensity through various initiatives (implied, not explicitly quantified)
Social Achievements
- Established emergency rescue points at offshore wind turbines
- Conducted fish stocking activities to promote fisheries efficiency and rural revitalization
- Assisted in wildfire fighting operations
- Conducted electricity safety awareness campaigns
Governance Achievements
- Continued to improve information disclosure system and ESG disclosure
- Won multiple awards for best investor relations and ESG performance
Climate Goals & Targets
Long-term Goals:
- Build a first-class new energy enterprise
Medium-term Goals:
- Increase investment in key projects
- Expand green power and green certificate sales
- Promote strategic cooperation with important users
Short-term Goals:
- Accelerate project development and commissioning
- Strengthen project safety control
- Improve equipment quality management
- Enhance production and marketing synergy
Environmental Challenges
- Unstable solar resources impacting solar project utilization hours
- Fluctuations in fuel costs (coal, oil, gas)
- Regulatory changes in China and Korea
- Extreme weather conditions affecting wind power projects
- Competition for new energy resources
Mitigation Strategies
- Diversified generation portfolio to mitigate risks associated with single fuel sources
- Use of foreign exchange forward contracts to manage exchange rate risk
- Strengthened project safety control and emergency management
- Improved equipment management and condition monitoring
- Enhanced production and marketing synergy
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather conditions
Transition Risks
- Regulatory changes
- Fuel cost fluctuations
Awards & Recognition
- 5th New Fortune Awards - Best IR of Hong Kong Listed Company
- 9th Investor Relations Awards - Best IR Company, Best ESG, Best Annual Report, Grand ESG Award