Chervon Holdings Limited
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:24,583.5 tCO2e
Scope 1 Emissions:164.2 tCO2e
Scope 2 Emissions:24,419.4 tCO2e
Total Energy Consumption:37,300,118 Kwh
Water Consumption:333,598 tons
Waste Generated:4,265.6 tons (industrial solid waste)
ESG Focus Areas
- ESG strategy
- Sustainable business development
- Enabling the employees
- Caring for the environment
- Giving back to the society
Environmental Achievements
- Launched EGO reforestation project, planting 236,166 trees
- Nanjing R&D headquarters uses green roofing system, reducing fuel consumption by approximately 35,000 liters per year
- Built 61,500 square meters of “blue roof” solar panels, generating 6 million KWH power annually
- Ground-source heat pump system reduces carbon emissions by 839 tons per year
- North American headquarters in Naperville, Illinois received LEEDS certification
Social Achievements
- Participated in employee commercial medical insurance to reduce poverty due to illness
- Participated in targeted assistance to help local poor
- Provided volunteering community education services
- Supported the Spring Bud Poverty Education Project
- Provided employees with clean water and sanitation
Governance Achievements
- Established an ESG Management Committee under the Board of Directors
- Established an ESG Executive Team to oversee implementation
- No significant incidents of bribery, extortion, fraud, or money laundering
Climate Goals & Targets
Environmental Challenges
- Extreme weather risks impacting operations and supply chain
- Increased regulatory and disclosure requirements
- Energy supply structure and policy changes
- Fluctuating demand for OPE due to climate anomalies
- Requirements for full life cycle carbon emission management
Mitigation Strategies
- Developed extreme weather response plans
- Strengthened hidden danger investigation
- Timely tracked changes in relevant laws and regulations
- Improved energy efficiency and promoted the use of green energy
- Increased investment in lithium battery products
- Evaluated and formulated product material strategies
Supply Chain Management
Supplier Audits: Annual review of supplier qualifications and social responsibility risk assessments
Responsible Procurement
- Supplier qualification review
- Social responsibility risk assessment
- Tiered management of suppliers
- Environmental protection controls
- Honest procurement practices
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather impacting operations and supply chain
Transition Risks
- Increased regulatory and disclosure requirements
- Energy supply structure and policy changes
- Market demand fluctuations
Opportunities
- Growing demand for lithium-ion powered tools
Reporting Standards
Frameworks Used: HKEx ESG Reporting Guide
Certifications: ISO 14001, ISO 45001, CNAS
Sustainable Products & Innovation
- Lithium-ion powered tools and equipment
Awards & Recognition
- National Green Factory
- National High-tech Enterprise
- National Industrial Design Centre
- Model Smart Factory in Jiangsu Province
- Engineering Research Center of Renewable Energy Tools in Jiangsu
- Leading Enterprise Laboratory in China’s Power Tool Industry