Shenzhen YUTO Packaging Technology Co., Ltd.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:328,000 tCO2e/year (2023)
Scope 1 Emissions:16,246 tCO2e/year (2023)
Scope 2 Emissions:311,739 tCO2e/year (2023)
Renewable Energy Share:15.85% (2023)
Total Energy Consumption:642,832 MWh/year (2023)
Water Consumption:3,519,753 m3/year (2023)
Waste Generated:126,269 tons/year (2023)
ESG Focus Areas
- Eco-friendly products and raw materials
- Climate change and resource management
- Innovative design and production
- Employee health and development
Environmental Achievements
- Reduced greenhouse gas emissions by 11% from 2022
- Built 15 photovoltaic power plants with a total output of 20.43 million kWh (38% increase from 2022)
- Procurement ratio of four key eco-friendly materials (paper, ink, glue, and varnish) reached 92%
- Five subsidiaries decreased water usage intensity by 2.9% (meeting the annual reduction target of 1.5%)
- Four manufacturing bases obtained platinum certification for zero landfill waste, and three acquired gold certification
Social Achievements
- 100% employee participation rate in training (216,152 training hours)
- Certified 465 skilled talents at all levels
- Invested 52.63 million CNY in production safety and environmental protection
- 25 subsidiaries certified by ISO45001 (Occupational health and safety management systems)
- 27 subsidiaries obtained standardized safety production certificates
Governance Achievements
- Established a comprehensive risk management system
- Implemented anti-corruption training for 100% of employees
- Three of the seven directors on the Board are independent, including one female director
- Applied for 90 patents and obtained 210 patents
Climate Goals & Targets
Long-term Goals:
- Achieve carbon neutrality by 2040
- Achieve 100% renewable energy adoption by 2040
Medium-term Goals:
- Achieve an average annual decrease in water usage intensity of 1.5% (based on 2022 levels) in five subsidiaries by 2030
- Procurement ratio of eco-friendly materials for paper, ink, glue, and varnish to exceed 90% by 2030
- Build 18 solar PV power plants by 2025
Short-term Goals:
- Reduce carbon emissions by an absolute value of 4.2% annually (based on 2022 levels) at headquarters and Shenzhen Longgang Branch by 2030
Environmental Challenges
- Global economic slowdown
- Intricate international dynamics
- Frequent extreme weather events
- Fluctuations in energy and raw material prices
- Climate change impacts (physical and transition risks)
Mitigation Strategies
- Established a comprehensive climate governance system
- Set clear carbon reduction targets and implemented energy conservation and emission-reduction projects
- Submitted SBTi commitment to achieve carbon neutrality by 2040
- Developed alternative sourcing strategies
- Implemented strict measures to monitor and control carbon emissions throughout the product lifecycle
- Developed water-saving schemes to address future water stress risks
Supply Chain Management
Supplier Audits: 2,193 environmental assessments and 3,535 social assessments conducted in 2023
Responsible Procurement
- Code of conduct
- Supplier sustainability requirements
- Environmental and social responsibility assessments
- Guarantee against the use of conflict minerals
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Flooding
- Drought
- Rising sea levels
- Extreme heat
Transition Risks
- Tightening carbon emission standards
- Carbon taxes
- Shifts in consumer preferences
- Changes in packaging demands
Opportunities
- Development of eco-friendly materials and new processes
- Increased market scale for eco-friendly packaging
- Adoption of clean energy
Reporting Standards
Frameworks Used: GRI Standard 2021, UN Sustainable Development Goals (SDGs)
Certifications: ISO 14001, ISO 45001, ISO 9001, FSSC 22000, QC 080000, G7 Master Facility Qualification Certification, FSC CoC
UN Sustainable Development Goals
- Goal 7: Affordable and clean energy
- Goal 8: Decent work and economic growth
- Goal 12: Responsible consumption and production
- Goal 13: Climate action
YUTO's initiatives contribute to these goals through renewable energy adoption, employee training and development, eco-friendly product development, and carbon emission reduction efforts.
Sustainable Products & Innovation
- Eco-friendly molded pulp products
- Bamboo fiber laptop packaging
- Eco-friendly plant fiber cat litter
Awards & Recognition
- CDP Climate Change score B
- Wind ESG rating AA
- CNI Index ESG rating AAA (two consecutive years)
- National green factories (headquarters base, Xuchang YUTO, and Wuhan Aite)
- Innovation Application Award (eco-friendly cat litter)
- iF Design Award, MUSE Design Award, Canton Fair Design Award