Climate Change Data

China MeiDong Auto Holdings Limited

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:26,919.52 tCO2e/year
Scope 1 Emissions:1,518.56 tCO2e/year
Scope 2 Emissions:25,400.96 tCO2e/year
Total Energy Consumption:37,130,925.78 kWh/year
Water Consumption:275,598.82 m3/year
Waste Generated:1,963.79 tons/year
Carbon Intensity:0.0009 Tonne/Revenue – RMB’000 (2023)

ESG Focus Areas

  • Environmental Protection
  • Employment and Labour Practice
  • Supply Chain Management
  • Community Investment
  • Corporate Governance

Environmental Achievements

  • Approximate reduction of 4,879 tons of carbon emissions annually by prioritizing a sales model that reduces carbon emissions (through increased new energy vehicle sales).

Social Achievements

  • Maintained 99% timely resolution rate of 2250 customer complaints.
  • Employed 20 individuals with disabilities.
  • No work-related fatalities.

Governance Achievements

  • Established an ESG committee in February 2022 to oversee sustainable operations and growth.
  • Implemented robust bribery and fraud prevention policies, open tender policies, whistle-blowing policies, and policies on independent financial audits.

Climate Goals & Targets

Long-term Goals:
  • Reduce carbon emissions by an estimated 14,575 tons per year in 2024.
Medium-term Goals:
  • Increase percentage of Group revenue attributable to the sale of electric vehicles.
Short-term Goals:
  • Minimising GHG emission.
  • Enhancing energy efficiency by upgrading lightings and air-cooled chillers.
  • Expanding the generation and use of renewable energy.

Environmental Challenges

  • Climate-related risks such as extreme weather events impacting operations and profitability.
  • Transition risks such as changing customer behavior and policy/regulatory actions.
Mitigation Strategies
  • Developing strategies and policies to address climate change, including risk and opportunity reviews and progress monitoring.
  • Actively pursuing the adoption of renewable energy.
  • Adapting Group strategy to remain resilient to changes in product mix (increased EV sales).

Supply Chain Management

Supplier Audits: Regular assessments of supplier performance.

Responsible Procurement
  • Supplier Selection and Management Measures
  • Procurement Control Process
  • Compliance Management

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme Weather Events (flooding, extreme winds)
Transition Risks
  • Customer Behaviour Change
  • Policy And Regulatory Actions
Opportunities
  • Opportunity in Clean Technology (EV sales)

Reporting Standards

Frameworks Used: HKEx ESG Reporting Guide

Sustainable Products & Innovation

  • Electric vehicles; hybrid vehicles.