Jiangsu Eastern Shenghong Co., Ltd.
Climate Impact & Sustainability Data (2019-12-31 to 2021-12-31)
Reporting Period: 2019-12-31 to 2021-12-31
Environmental Metrics
ESG Focus Areas
- net zero carbon
- environmental protection
- social responsibility
- corporate governance
Environmental Achievements
- reduced carbon dioxide emissions by eight thousand t/y
- saved operating costs by approximately RMB20 million per year
- All of our production sites are equipped with “National Green Factory”
- adopted green solutions to enforce the most stringent ultra-low discharge targets for concentrated brine in wastewater with leading effluent reuse rate among petrochemical companies in China
Social Achievements
- Shenghong Group is named to Fortune’s 2022 China ESG Influence List
Governance Achievements
- hired a third-party advisor to provide professional ESG consulting services and assist us with in building a social responsible management system
Climate Goals & Targets
Long-term Goals:
- net zero carbon
Environmental Challenges
- Demand for, and the supply of, our products are dependent on general economic and market conditions and other external factors.
- The cyclical nature of our industry as well as our customers’ end markets could have a material adverse effect on our business, results of operations, financial condition and prospects.
- Fluctuations in the prices of commodities such as oil, gas and coal may negatively impact our financial results.
- Fluctuations in raw material prices may result in increased operating expenses and adversely affect our results of operations, cash flow and margins.
Mitigation Strategies
- established a company in Singapore which engages a professional team to procure crude oil based on the market dynamics
- enter into long-term raw materials supply agreements with our suppliers
- implemented an inventory management system
Supply Chain Management
Climate-Related Risks & Opportunities
Opportunities
- development of energy-efficient products
Sustainable Products & Innovation
- recycled fibers
- solar EV A
- bio-based PDO and PTT fibers
Awards & Recognition
- Fortune’s 2022 China ESG Influence List