Western Mining Co., Ltd.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:1,938,916 tCO2e/year (Scope 1 and 2)
Scope 1 Emissions:626,016 tCO2e/year
Scope 2 Emissions:1,312,899 tCO2e/year
Renewable Energy Share:66.5% of total electricity trading
Total Energy Consumption:56.29 thousand tons standard coal/year
Water Consumption:17,872,900 m3/year
Waste Generated:10,935.00 thousand tons/year (general solid waste)
Carbon Intensity:184.13 kg standard coal/revenue of 10,000 yuan in 2023
ESG Focus Areas
- Corporate Governance
- Safety Development
- Green Operations
- Product Liability
- Employee Development
- Community Engagement
- Climate Change
- Resource Security
Environmental Achievements
- Achieved 100% compliance rate for the discharge of wastewater and waste gas in 2023.
- 100% implementation rate for the “three simultaneous” approach to environmental protection in 2023.
- Zero major violations of environmental protection regulations in 2023.
- Total investment in environmental protection amounted to 226.3932 million yuan in 2023.
- 6 national green mines, 7 national green factories and 5 provincial green factories in 2023.
Social Achievements
- Zero work-related fatalities, serious injuries, or major fire and explosion incidents in 2023.
- Successfully addressed and resolved 39 urgent issues raised by employees, achieving a 100% feedback resolution rate in 2023.
- Employee satisfaction rate of 96% in 2023.
- Allocated a total donation of 13.6 million yuan to partner villages for rural revitalization.
- Local employment rate of 48.52% in 2023.
Governance Achievements
- Established an ESG strategy and management system.
- Implemented a compensation rebate mechanism.
- Conducted a total of 27 economic accountability audits of leading cadres, identifying and rectifying compliance issues.
- Established a comprehensive compliance management system.
- Zero privacy disclosure incidents in 2023.
Climate Goals & Targets
Long-term Goals:
- Realize carbon neutrality by 2060 (Scope 1 and 2)
Medium-term Goals:
- Reduce carbon emissions by 40% by 2040 (Scope 1 and 2)
Environmental Challenges
- Climate change leading to increased extreme weather events.
- Transition to a low-carbon economy impacting market demand.
- Government regulations on water usage.
- Potential negative impacts on biodiversity.
- Risks of environmental pollution.
- Risks of unethical and illegal activities.
- Cybersecurity risks.
- Supply chain risks.
- Community relations challenges.
- HR challenges related to labor force structure.
- Public health risks.
Mitigation Strategies
- Enhanced climate change governance frameworks and strategic plans.
- Developed alternative sourcing strategies.
- Implemented robust environmental risk management mechanisms.
- Strengthened internal control and supervision systems.
- Implemented measures to mitigate cybersecurity risks.
- Established clear requirements for suppliers in the Supplier Code of Conduct.
- Established targeted and responsive community communication channels.
- Enhanced talent development system and improved human capital benefits.
- Implemented comprehensive health assessments for employees.
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct
- Clean Governance Agreement
- Sunshine E-commerce Procurement Platform
- Prioritizing environmentally certified products
Climate-Related Risks & Opportunities
Physical Risks
- Extreme rain and flooding
- Extremely hot weather
- Extremely cold weather
- Natural disasters
- Climate warming
Transition Risks
- Policy and legal risks
- Energy mix risk
- Technical risk
- Market risk
- Reputational risk
Opportunities
- Development of energy-efficient products and services
- Green finance
- Air governance
- Low-carbon production
Reporting Standards
Frameworks Used: GRI Standards 2021, UN Sustainable Development Goals (SDGs), IFRS S2 - Climate-related Disclosures, SASB, ICMM: Framework for Sustainable Development
Certifications: ISO 14001, ISO 45001
Awards & Recognition
- National Technological Innovation Demonstration Enterprise
- 2023 China Top 100 Enterprises Award
- National Enterprise Culture Outstanding Achievement Special Award
- 2020-2022 National Internal Audit Advanced Collective
- Green Factory
- Quanjing Investor Relations Gold Award