Beijing Energy International Holding Co., Ltd.
Climate Impact & Sustainability Data (2024-01 to 2024-06)
Reporting Period: 2024-01 to 2024-06
Environmental Metrics
ESG Focus Areas
- Clean Energy
- Sustainability
Environmental Achievements
- Increased grid-connected installed capacity from approximately 8,577MW as at 31 December 2023 to approximately 10,045MW as at 30 June 2024 (around 47.5% increase) through acquisitions and self-development of power plants.
Social Achievements
- The Group had 1,856 full-time employees as at 30 June 2024 (30 June 2023: 1,652). The Group offers competitive compensation and benefit packages, including additional medical insurance, discretionary bonuses, and training programs.
Governance Achievements
- The Company has a Sustainability Committee.
Climate Goals & Targets
Long-term Goals:
- Achieving a true zero-carbon society through green hydrogen production and utilization.
Short-term Goals:
- Surpassing 15 million kilowatts of installed capacity and reaching an asset scale of RMB130 billion by 2024.
Environmental Challenges
- The power generation business is capital intensive.
- Current liabilities exceeded current assets by approximately RMB8,670 million as at 30 June 2024.
- Material reliance on key customers (State Grid and Inner Mongolia Power).
Mitigation Strategies
- Actively seeking various financing channels to enhance financing capability and reduce finance costs (e.g., perpetual medium-term notes, refinancing).
- Exploring co-investing in power plants with strategic business partners to reduce capital expenditure.
- Monitoring capital structure based on gearing ratio and deleveraging liabilities.