Yangtze Optical Fibre and Cable Joint Stock Limited Company
Climate Impact & Sustainability Data (2016)
Reporting Period: 2016
Environmental Metrics
Total Carbon Emissions:2085.64 tCO2e (Scope 1) + 132,915.035 tCO2e (Scope 2) in 2015; 2145.84 tCO2e (Scope 1) + 130,108.11 tCO2e (Scope 2) in 2016
Total Energy Consumption:139690 MWh in 2015; 136740 MWh in 2016
Water Consumption:514,162 m3 in 2015; 458,473 m3 in 2016
Waste Generated:Hazardous: 527.78 tonnes in 2016; Non-hazardous: data not specified
ESG Focus Areas
- Energy Conservation and Emission Reduction
- Product Quality
- Talent Training
- Safety
- Corporate Social Responsibility
- Supply Chain Management
- Anti-corruption
- Community Investment
Environmental Achievements
- Obtained ISO14001: 2004 Environmental Management System Certification in 2004
- Awarded Advanced Unit of Cleaner Production by Wuhan Environment Protection Bureau
- Reduced total water consumption at Wuhan headquarters by 21.55% compared to 2015
- Implemented measures to reduce energy consumption (closed-cycle cooling, linkage of motive power and production, LED lighting, optimized transportation)
Social Achievements
- No significant incidents of injury or death, significant incidents of pollution and significant incidents of leakage of hazardous chemicals in the recent three years.
- Established scholarships in 10 local universities, investing over RMB700,000 annually.
- Provided disaster relief through optical cable donations and financial aid.
- Maintained a 92.6 customer satisfaction rating.
- Employs 2398 employees as of 31 December 2016.
Governance Achievements
- Established an ESG task force reporting to the Board.
- Implemented a comprehensive internal control system and effective complaint mechanism.
- No non-compliance with laws and regulations and the Articles of Association of the Company in 2016.
- Obtained Safety Standardization Level II Certificate.
Climate Goals & Targets
Environmental Challenges
- Potential environmental pollution from wastewater, exhaust gas, and waste residue.
- Waste of resources, increase in operating cost, hindrance to sustainable development.
Mitigation Strategies
- Formulated contingency and response plans for environmental pollution emergencies.
- Established a system of energy management.
- Implemented measures to reduce energy consumption and improve water use efficiency.
- Improved raw materials to reduce exhaust gas concentration.
Supply Chain Management
Responsible Procurement
- Compliance with national environmental and social laws and regulations
- “Letter of Commitment of Supplier’s Social Responsibility”
- Requirement for necessary certificates (safety production license, environmental licenses)
- Third-party quality test reports every three months
- On-site quality complaint handling
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Hong Kong Stock Exchange’s “Environmental, Social and Governance Reporting Guide”
Certifications: ISO14001: 2004, ISO 9001:2008, OHSAS 18001, SA8000
Awards & Recognition
- Advanced Unit of Safe Production
- Advanced Body of Environmental Protection
- Wuhan City Mayor Quality Award
- Changjiang Quality Award of Hubei Province
- China Quality Award – Nomination Award
- Various international quality awards
- National Intellectual Property Demonstration Enterprise