Climate Change Data

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