Climate Change Data

Global New Material International Holdings Limited

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:83,509.64 tCO2e/year
Scope 1 Emissions:52.78 tCO2e/year
Scope 2 Emissions:83,456.86 tCO2e/year
Total Energy Consumption:130,658.48 MWh/year
Water Consumption:3,280,150,000 m3/year
Waste Generated:8,515 tons/year
Carbon Intensity:1.11 tCO2e per square meter floor area

ESG Focus Areas

  • Environmental Compliance
  • Occupational Health and Safety
  • Child Labour and Forced Labour
  • Customer Satisfaction
  • Safety of Services/Products
  • Quality of Services/Products
  • Business Ethics
  • Intellectual Property
  • Supply Chain Management
  • Community Investment
  • Climate Change

Environmental Achievements

  • Accredited as a “Green Factory” by the Ministry of Industry and Information Technology of the PRC.
  • CQV awarded a Gold medal by EcoVadis.
  • Implemented measures to reduce air emissions, GHG emissions, and water consumption.

Social Achievements

  • Organized various employee activities (Staff Sports Meeting, New Employees Welcome Meeting, Chinese New Year Greeting).
  • Provided 18,685 training hours to employees.
  • Implemented policies to promote equal opportunity, diversity, and anti-discrimination.
  • Donated RMB 1,334,700 to support community development.

Governance Achievements

  • Established an ESG Committee to oversee ESG strategies and reporting.
  • Implemented policies and procedures to address bribery and corruption risks.
  • Complied with the applicable code provisions as set out in the CG Code, except for code provision C.2.1 (Chairman and CEO roles combined).

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality by 2060 in the PRC.
Medium-term Goals:
  • Reduce emissions by around 3% by 2026.
  • Ensure Group’s GHG emissions comply with local requirements on or before 2030.
Short-term Goals:
  • Reduce air emission intensity per unit of production by about 10% by 2027.
  • Reduce hazardous and non-hazardous waste disposal per unit of production by about 20% by 2027.
  • Reduce water consumption intensity per unit of production by about 30% by 2027.

Environmental Challenges

  • Economic downturn in the PRC and global economy.
  • Fluctuations in demand and supply of pearlescent pigment products and synthetic mica powder.
  • Inventory management challenges.
  • Climate change related risks (extreme weather events, supply chain disruptions).
  • Transition risks (regulatory changes, market shifts).
Mitigation Strategies
  • Implemented various measures to reduce environmental impacts and enhance resilience against physical climate risks.
  • Established internal policies and procedures for risk management and internal control.
  • Implemented anti-bribery and corruption policies and procedures.
  • Actively engaged with stakeholders to understand their expectations and requirements.
  • Continued investment in R&D and technological innovation.

Supply Chain Management

Supplier Audits: Annual on-site inspections

Responsible Procurement
  • Supplier Corporate Social Responsibility Code of Conduct
  • Prioritization of suppliers holding ISO14001 certification.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (strong winds, heavy rainfall, floods).
Transition Risks
  • Implementation of low-carbon policies.
  • Changes in supply and demand for commodities.
  • Potential new regulations and policies.
  • Development and use of emerging technologies.
  • Changes in customer or community perceptions.
Opportunities
  • Development of energy-efficient products and services.
  • Transitioning to low-carbon economy market.
  • Opportunities arising from transition enablers.

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix C2 to the Listing Rules)

Certifications: ISO 14001:2015, ISO 9001:2015, ISO 45001:2018

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 13 (Climate Action)

The Group's initiatives in energy efficiency, emission reduction, and renewable energy contribute to these goals.

Awards & Recognition

  • National Green Factory
  • 2023 GBA ESG Entrepreneurs 30
  • 2023 China’s 500 Most Valuable Brands
  • EcoVadis Gold medal
  • Quality Control Benchmark