Climate Change Data

Environmental Metrics

ESG Focus Areas

• Carbon peaking and carbon neutrality
• Green transition
• Digital transformation
• Sustainable development
• Social responsibility
• Clean energy

Environmental Achievements

• Reduced CO2 emission by 39.74 million tons at Fangchenggang nuclear power plant compared to a coal-fired plant of the same capacity.
• Won the Credit 100 Jinlan Award for Best Carbon Peaking & Carbon Neutrality Practice.
• MSCI upgraded Shanghai Electric’s ESG rating from BBB to A for the second consecutive year.
• Yangpu Shenergy - Shanghai Electric Wind Power Zero-carbon Energy Equipment Industry Project commenced production.

Social Achievements

• Shanghai Electric’s Thar Project Awarded Outstanding Chinese Enterprise for Promotional Practices.
• Hunutlu thermal power plant ensured sufficient power supply for anti-quake relief work in Türkiye.
• Shanghai Electric participated in the construction of 12 pumping stations for the Yangtze-to-Huaihe Water Diversion Project.

Governance Achievements

• Released ESG reports for six consecutive years.
• Won the Best Case Award for the “2022 Industrial Sustainability in China: Exploration and Practice” white paper.
• Made the list of “2022 Forbes China Top 50 Sustainable Development Industrial Enterprises”.

Climate Goals & Targets

Environmental Challenges

• High cost of carbon fiber in wind turbine blades.
• Lack of sufficient primary data and private land ownership issues in Pakistan.
• Complex organizational structures and processes in digital transformation.
• Difficulties in penetrating the industrial sector for tech companies.

Mitigation Strategies

• Developed a flexible bearing system for PV modules.
• Found a feasible path for cable installation with lowest cost and least impact on local lives in Pakistan.
• Developed a digital transformation model for equipment manufacturing industry.
• Focus on key application scenarios as breakthrough points for digital transformation.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Flexible bearing system for PV modules
• Poseidon-based wind turbine

Awards & Recognition

• Credit 100 Jinlan Award for Best Carbon Peaking & Carbon Neutrality Practice
• Best Case Award for the “2022 Industrial Sustainability in China: Exploration and Practice” white paper
• “2022 Forbes China Top 50 Sustainable Development Industrial Enterprises”
• ESG Practice of the Year Award
• Zero Carbon Future Leader of the Year

Environmental Metrics

ESG Focus Areas

• Green development
• Energy transformation
• Corporate Social Responsibility (CSR)
• Women's Empowerment and Gender Equality

Environmental Achievements

• Reduced carbon emissions annually after completion of the 56 MW EPC photovoltaic project in Romania by 4,150 tons.
• Agricultural Waste Recycling Utilization Project in Chongming reduced CO2 emissions by 30,122 tons/year.
• Jinling Power Plant’s Renovation reduced the annual weighted standard coal consumption rate by 1.2 g/kWh.
• Zero-carbon “wind, solar, storage, charging, and hydrogen” demonstration project by Bright-H Technology.

Social Achievements

• Thar Coal Block-I Project won the CSR Award 2023 and Women's Empowerment and Gender Equality Recognition Award 2023.
• Shanghai Electric's Blue Ribbon volunteer team conducted various public welfare activities for autistic children.
• Two projects submitted by Shanghai Electric won the Shanghai "Silver Dove Award" 2023.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Power fluctuations and voltage instability when wind and solar power systems connect to the grid.

Mitigation Strategies

• Development and implementation of distributed synchronous condensers to improve power factor, maintain voltage level, and enhance the consumption capacity of renewable energy sources.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Distributed synchronous condensers
• High-efficiency industrial drive systems
• Heat pump systems
• Green industrial plant design and construction
• Waste heat utilization for desalination
• Low-carbon rail transit
• Green intelligent manufacturing line
• Digital healthcare
• Smart building low-carbon operation
• General equipment (machine tools)
• Alkaline electrolyzer

Awards & Recognition

• CSR Award 2023
• Women's Empowerment and Gender Equality Recognition Award 2023
• Shanghai "Silver Dove Award" 2023