China Shenhua Energy Company Limited
Climate Impact & Sustainability Data (2019)
Reporting Period: 2019
Environmental Metrics
ESG Focus Areas
- Environmental protection
- Social contribution
- Corporate governance
Environmental Achievements
- Fatality rate per million tonne of raw coal output was nil
- 14 coal mines entered the national green mine directory
- Guohua Power won the “China Environment Award” Enterprise Excellence Award
- Huanghua Port ranked No. 1 in terms of green safety among 22 major coastal ports in China
Social Achievements
- Various targeted poverty alleviation methods helped Mizhi County and Wubu county in Shaanxi Province and Nierong County in the Tibet Autonomous Region to successfully relieve from poverty
- Adopted a variety of measures, such as democratic management, evaluation and employment of “Chief Principals” and assistance to employees in difficulties, ensured that our employees’ rights and interests are not infringed, balanced the work and life of our employees, developed and progressed together with our employees.
Governance Achievements
- Further strengthened the foundation of corporate governance
- Commenced ESG theme training titled “performing responsibilities of the Board of Directors to promote the value and image of the Company” and anti-corruption special training
- Improved the ESG issue database, evaluated the importance of these issues, and selected ten key ESG issues
Climate Goals & Targets
Environmental Challenges
- Concerns about the future of China Shenhua due to the withdrawal from coal and coal-fired power plants by Europe and the United States
- Large asset managers phasing out proactive investments in thermal coal producers and strengthening ESG management for passive investment targets
- Climate change risks
Mitigation Strategies
- Responding positively to ESG management and disclosure requirements
- Remaining an integrated coal-based energy company while insisting on ESG governance
- Conducting comprehensive assessment on climate risks and examination and verification of greenhouse gas emission
- Vigorously implementing clean production and energy resources utilization
Supply Chain Management
Supplier Audits: Regular supplier performance assessment
Responsible Procurement
- Purchasing “green products or green manufacturing products”
- Defining safety and environmental protection requirements for contractors
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Sustainability Reporting Standards
Third-party Assurance: KPMG Huazhen LLP (Special General Partnership)
Awards & Recognition
- Excellence Prize of the 10th China Environment Award (Enterprise Environmental Protection)