Changcheng Securities
Climate Impact & Sustainability Data (2021, 2023)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:2944.10 tCO2e/year
Scope 1 Emissions:15.68 tCO2e/year
Scope 2 Emissions:473.26 tCO2e/year
Scope 3 Emissions:2455.15 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:1048896.70 MWh/year
Water Consumption:4196.63 m3/year
Waste Generated:22.75 tons/year (general waste); 0.17 tons/year (electronic waste)
Carbon Intensity:44.72 tCO2e/million yuan (for investments)
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Reduced water consumption by 24.36% and electricity consumption by 5.25% in office operations.
- Online services saved 1397.46 million sheets of paper, resulting in a CO2 emission reduction of 213.55 tons.
Social Achievements
- Joined the UN Principles for Responsible Investment (PRI) organization.
- Organized a company-wide running event promoting low-carbon living.
- Conducted a public tree-planting activity.
Governance Achievements
- Developed an in-house ESG investment research system.
- Published 10 carbon-neutral themed indexes.
- Implemented data quality management measures and data security emergency response plans.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Physical risks from extreme weather events.
- Transition risks from policy changes and market shifts.
- Potential financial impacts on the company and its investment targets due to climate change.
Mitigation Strategies
- Incorporated environmental risks into investment decisions across all stages (pre-investment, investment, post-investment).
- Developed an ESG investment research system to identify and manage environmental risks and opportunities.
- Implemented measures to reduce operational carbon emissions and promote green office practices.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Policy and regulatory changes
- Market shifts
Opportunities
- Green finance, transition finance, carbon finance
Reporting Standards
Frameworks Used: TCFD, Financial Institution Environmental Information Disclosure Guidelines
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Carbon-neutral themed indexes
Awards & Recognition
- Eleventh Golden Ding Award for the Most Socially Responsible Securities Firm
- 2021 Golden Bridge Award for Outstanding Socially Responsible Enterprise
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Increased significantly in 2021 (specific percentage not provided)
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Energy Transition
- Climate Change
- Market Risk Management
Environmental Achievements
- Increased renewable energy generation (solar and wind) significantly in 2021, contributing to a decrease in reliance on coal-fired power plants.
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- High and volatile electricity spot prices impacting market participants.
- Energy crisis impacting risk management in the electricity market.
- Highly marketized NEM operation not preventing outages or mitigating energy crisis impacts.
- Need for market transformation through rule changes, frequency control, and system strengthening.
Mitigation Strategies
- Development and use of electricity financial contracts (futures and options) to manage price volatility risks for generators and retailers.
- Government intervention in market mechanisms, dispatch, and asset investment.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Fuel cost volatility, generator closures, gas supply issues
Opportunities
- Increased renewable energy generation
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed