Climate Change Data

Shanghai Xintonglian Packing Co., Ltd.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Scope 1: 700.41 + 815.96 + 156.45 = 1672.82 tCO2e/year; Scope 2: 538.79 + 3153.58 = 3692.37 tCO2e/year (2022 data)
Scope 1 Emissions:1672.82 tCO2e/year
Scope 2 Emissions:3692.37 tCO2e/year

ESG Focus Areas

  • Climate Change
  • Nature Conservation
  • Sustainable Forest Management
  • Circular Economy

Environmental Achievements

  • Achieved 100% recycling of wood chips and sawdust.
  • Reduced fiberboard usage by 33%, wood board by 15%, and wood battens by 10% in pallet design.
  • Reduced wood usage by 80-90% in certain packing solutions.
  • Reduced raw paper loss by nearly 10 tons monthly at Wuxi factory.
  • Reduced carbon emissions by 125.4 tons through heat recovery retrofit at Wuxi factory.
  • Implemented intelligent logistics system to optimize transport routes and reduce fuel consumption.

Social Achievements

  • Established the "Xingdaoshu" project, planting 500,000 fir trees.
  • Donated 5 million Chinese Yuan to the Laiyifen Fund.

Governance Achievements

  • Established a comprehensive ESG governance framework.
  • Joined the Task Force on Climate-related Financial Disclosures (TCFD).
  • Aligned with the Taskforce on Nature-related Financial Disclosures (TNFD).

Climate Goals & Targets

Long-term Goals:
  • Explore setting long-term carbon targets according to SBTi standards.
Medium-term Goals:
  • Achieve operational carbon neutrality by 2030.
Short-term Goals:
  • Reduce Scope 1 and 2 emissions by 42% by 2030 (relative to 2020).
  • Align forestry-related Scope 3 emissions with SBTi FLAG guidance by 2030.
  • Eliminate deforestation activities by 2025.

Environmental Challenges

  • Stringent climate policies and potential carbon taxes.
  • Market demand for sustainable products.
  • Reputation risks associated with climate inaction.
  • Technological risks from rapid industry advancements.
  • Acute physical risks from extreme weather events.
  • Chronic physical risks from long-term climate trends.
  • Biodiversity loss affecting timber supply.
  • Soil degradation impacting timber yields.
  • Low pallet recycling rate in China.
Mitigation Strategies
  • Formulated science-based carbon targets (SBTi).
  • Developed decarbonization pathways.
  • Implemented comprehensive risk management framework (TCFD and TNFD).
  • Investing in renewable energy (photovoltaic systems).
  • Improving resource efficiency through design optimization and waste reduction.
  • Promoting sustainable forestry management and zero deforestation.
  • Strengthening supply chain management and supplier audits.
  • Implementing intelligent logistics system.
  • Promoting pallet standardization and recycling.

Supply Chain Management

Supplier Audits: Annual risk assessments of suppliers.

Responsible Procurement
  • Sustainable sourcing of timber from countries with stringent forest management practices.
  • FSC® certification for suppliers.

Climate-Related Risks & Opportunities

Physical Risks
  • Typhoons
  • Extreme heat
  • Floods
  • Pine beetle infestations
Transition Risks
  • Policy and legal risks (carbon pricing, CBAM)
  • Market risks (customer demand for sustainable products)
  • Reputation risks
  • Technological risks
  • Adaptability to climate change
Opportunities
  • Resource efficiency
  • Renewable energy
  • Development of sustainable products and services
  • New market opportunities

Reporting Standards

Frameworks Used: TCFD, TNFD, UNGC, UN SDGs, SBTi

Certifications: ISO 9000, FSC® (10 factories)

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 13 (Climate Action)
  • Goal 15 (Life on Land)

Sustainable Products & Innovation

  • Eco-friendly packing materials (paper and wood)
  • Optimized packing designs