Climate Change Data

Yunhong Guixin Group Holdings Limited

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:2,228.4 tCO2e/year
Scope 1 Emissions:47.0 tCO2e/year
Scope 2 Emissions:2,181.4 tCO2e/year
Total Energy Consumption:2,711,511 kWh/year
Water Consumption:8,797 tonnes/year
Waste Generated:603 tons/year
Carbon Intensity:28.3 tCO2e/million revenue

ESG Focus Areas

  • Environmental protection
  • Employment and labour practices
  • Operating practices
  • Community investment

Environmental Achievements

  • Implemented various air emission reduction facilities and measures, including using more natural light, replacing environmentally friendly machines, and turning off lights during breaks.
  • Maintained an active carbon absorption system to reduce VOCs emissions.
  • Improved manufacturing efficiency and reduced error productions to reduce land contamination.

Social Achievements

  • Adopted practices and policies of Labour Law of the People’s Republic of China and Labour Contract Law of the People’s Republic of China.
  • Organized social activities to promote better work-life balance.
  • Provided various internal and external training for developing the workforce.

Governance Achievements

  • Established an audit committee, a remuneration committee, a nomination committee, and a risk management committee.
  • Complied with the provisions of the Code on Corporate Governance Practices.
  • Adopted a board diversity policy and a director nomination policy.

Climate Goals & Targets

Short-term Goals:
  • Reduce GHG emission intensity (tCO2 e/million revenue) gradually throughout FY2022, using FY2021 as the baseline year.

Environmental Challenges

  • Decrease in sales of both FRP grating products and epoxy wedge strip products due to sluggish worldwide economic environment and increase in costs of raw materials.
  • Decrease in sales revenue in overseas markets due to higher import tariffs and the adverse impact of the COVID-19 pandemic.
  • Downturn in the shipbuilding industry causing customers to be more conservative on placing new orders.
Mitigation Strategies
  • Continued to enhance product recognition by improving production technology to maintain effective cost control and strengthen the competitiveness.
  • Recruited more talents to fulfill its development and expansion.
  • Took a cautious approach to ensure continuous, steady and effective business and operation development.
  • Explored new revenue streams to lower the business risk.

Supply Chain Management

Responsible Procurement
  • Assessment on the environmental and social risks of the supply chain is carried out regularly; and suppliers are urged to take measures to reduce their environmental and social risks.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix 20 of the GEM Listing Rules)