Jiangxi Copper Company Limited
Climate Impact & Sustainability Data (2018, 2022)
Reporting Period: 2018
Environmental Metrics
Total Carbon Emissions:2,049,472.3 tCO2e
Scope 1 Emissions:350,406.2 tCO2e
Scope 2 Emissions:1,699,066.1 tCO2e
Total Energy Consumption:557,843.27 standard coal tonnes
Water Consumption:743 million m3
Waste Generated:4,610 tonnes (hazardous waste data incomplete)
Carbon Intensity:1.14 tonnes of CO2 equivalent/ RMB10,000
ESG Focus Areas
- Emissions
- Environment
- Natural Resources
- Health and Safety
Environmental Achievements
- Reduced waste gas emissions (Sulphur oxide reduced from 5,292.8 tonnes in 2017 to 1,832.0 tonnes in 2018)
- Implemented water saving and emission reduction projects at Guixi Smelter
- Implemented ecological reclamation projects (9.5 hectares of land restoration)
Social Achievements
- No occupational injury and death cases in 2018
- 90% of employees received training, averaging 23 training hours per staff
- Established a comprehensive employment system with focus on equal opportunity and diversity
Governance Achievements
- Established risk management and internal control system, reviewed biannually by the Audit Committee
- Implemented internal control assessment work in accordance with internal control standard system
- Established policies and control measures to prevent corruption
Climate Goals & Targets
Environmental Challenges
- Environmental protection risk due to potential increase in environmental protection standards
- Data collection limitations on carbon emissions from vehicles and hazardous waste
- Lack of full coverage of sustainability issues in the risk management and internal control system
Mitigation Strategies
- Abiding by relevant national laws and regulations, developing Environmental Protection Management Measures
- Investing in improving environmental protection equipment and production process
- Improving data collection capability and expanding the scope of the report
Supply Chain Management
Supplier Audits: Annual review on suppliers
Responsible Procurement
- Regulations on the Examination and Management of Imported Raw Materials
- Administrative Measures for Suppliers
- Interim Measures for Review of Suppliers by Experts
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Environmental, Social and Governance Reporting Guide (Stock Exchange of Hong Kong)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:2,315,087.253 tonnes of carbon dioxide emissions in 2022 (calculated using the average emission factor of 0.581 tco2/MWh of the national power grid)
ESG Focus Areas
- Energy conservation and carbon reduction
- Ecological governance
- Digital transformation
- Production safety
- Social responsibility
Environmental Achievements
- Comprehensive energy consumption of copper smelting fell by 3.63% year on year; purchased steam fell by 38.48% year on year
- Invested more than RMB300 million in various types of ecological restoration; ecological reclamation area reached more than 270 hectares
- Added two state-level green factories; the number of state-level green mines and green factories increased to 12
Social Achievements
- Actively fulfilled social responsibility; invested more than RMB2.9 million for various employee subsidies; raised more than RMB1.67 million for charity
- Maintained stable management teams and employees over the years
- Good and stable relationship with major suppliers and customers
Governance Achievements
- Strictly complied with the Disclosure of Inside Information and Procedures of Internal Control; standardised its operation in strict compliance with provisions of laws, regulations and regulatory documents domestically and overseas
- Established Risk Management Committee, comprising the General Manager, the deputy director of co-management, the other administrative deputy leaders and the main heads of each major department of the Company
- The Audit Committee regularly (twice a year) reviews the risk management system
Climate Goals & Targets
Environmental Challenges
- Severe and complex situations, rise in the business risks, the price cuts of main products, and heavy rainfall attacks
- Exchange rate fluctuation risks
- Risk from product price fluctuations
- Risk from changes in the market environment
- Environmental protection risk
- Risk from uncertainties
Mitigation Strategies
- Formulate and strictly implement a series of preventive measures suitable for the actual situation of the Company in accordance with national laws and regulations on production safety
- Closely monitor the changes in national foreign exchange policies and exchange rate information
- Closely monitor the trend of copper and gold prices in the international market; adopt new processes and technologies while improving management and operation efficiency; strengthen financial management level
- Closely grasp the trend of the macro economy; strengthen industry research; actively develop new products
- Invest a large amount of funding and technological efforts in the transformation of environmental protection equipment and production techniques
- Fully evaluate the domestic and overseas situation and make good planning for its production and operation