Zhongyu Energy Holdings Limited
Climate Impact & Sustainability Data (2021, 2022, 2024-01 to 2024-06)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Environmental protection
- Social responsibility
- Corporate governance
Environmental Achievements
- Reduced carbon dioxide emissions by 2.16mn tons for the region served
- Reduced PM2.5, sulfur dioxide and other emissions by over one million tons
- Green upgrade of LNG infrastructure
- Natural gas spill/methane leak monitoring and control
- 60+ Charging pile projects invested by the Group to provide high-quality charging services for pure electric buses, new energy social vehicles, etc.
- Invested in the construction of industrial and commercial distributed rooftop photovoltaic projects in multiple provinces and cities including Shandong, Jiangsu, Henan, Fujian and Beijing
- Waste heat recovery, and utilization of power plants and incremental power distribution networks
Social Achievements
- Established the "Training Management System" to regulate employee training programs
- Actively donating and participating in social welfare activities in community construction and poverty alleviation
- Values equal opportunities for all employees, values teams with employees of different backgrounds, and adopts different policies to promote cultural inclusion
Governance Achievements
- Established an oversight mechanism to develop and implement specific measures to ensure proper management and reduction of greenhouse gas, air pollutants, waste and wastewater discharges from operations
- Formulated the "Zhongyu Gas Audit Supervision System" and "Zhongyu Gas Accountability System" to monitor and ensure that the Group does not have any form of corruption, bribery, extortion, fraud and money laundering during its operations
- Established the ESG Committee in Feb 2022
Climate Goals & Targets
Medium-term Goals:
- Aims to develop into a well-respected integrated energy provider by 2024, targeting cumulative distributed PV installed capacity of 800MW
Environmental Challenges
- Gas price volatility
- Potential financial risks
Mitigation Strategies
- Diversified and stable gas supply sources, supported by improving price management and energy trading business
- Prudent internal management policies and diversified financing channels
- Monitoring exchange rate and interest rate risk, and consider adopting financial instruments to hedge significant fixed-rate loans and foreign exchange risk
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- "Best ESG Award" of the 2021 China Financing Awards
- "Carbon Neutrality Pioneer" Green Finance Innovation Breakthrough Award
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental protection
- Social responsibility
- Corporate governance
Environmental Achievements
- Established a monitoring mechanism to develop and adopt specific measures to ensure proper management and reduction of greenhouse gases, air pollutants, waste and wastewater emissions from its operations
- 20 years of city gas experience, and diversified resources fuel the development of comprehensive energy business, and vigorously promote the strategy of renewable energy transition
- LNG infrastructure upgrade
- Methane leak monitoring and control
- Waste heat reuse from power plants
- Biomass and ground source heat pumps for energy supply
- Recovery of natural gas emissions
- Distributed rooftop solar PV projects for commercial and industrial use
- Charging pile project
- Incremental Distribution Grid
Social Achievements
- The Group values equal opportunities and builds a diverse workforce, promoting individual initiatives to achieve growth. It also continuously enriches training curriculum for employees to support their development
- The Group has comprehensively standardized the approval process and investment plan for community investments to actively give back to the community and fulfill its social responsibilities
Governance Achievements
- ESG Committee was established in February 2022, chaired by the Chairman of the Board and the core leadership
- Improve the audit and accountability system to ensure that the Group is free from any form of corruption, bribery, extortion, fraud and money laundering in its operations
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Become an industry-recognized integrated energy service provider by 2025, with a cumulative installed capacity of 600MW distributed solar PV
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
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
- Not disclosed
Awards & Recognition
- Outstanding Award for Green and Sustainable Loan Issuer
- Pioneering Organisation in ESG Disclosure Enhancement
- Guangdong-Hong Kong-Macao Greater Bay Area ESG Leading Enterprise Award
Reporting Period: 2024-01 to 2024-06
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Greenhouse gas emissions reduction
- Green energy development
- Employee rights protection
- Internal control mechanism improvement
- Green finance cooperation
- ESG information disclosure
Environmental Achievements
- Actively developing smart energy business to provide greener and low-carbon energy supplies
- Strengthening methane management efforts to reduce greenhouse gas emissions
Social Achievements
- Practicing a ‘people-oriented’ concept, effectively protecting employees’ rights
- Improving internal control mechanism
Governance Achievements
- Actively exploring green finance cooperation
- Optimizing ESG information disclosure efforts
- Developing more diversified external exchange channels to learn and promote sustainability concepts
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
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
- Not disclosed
Awards & Recognition
- Not disclosed