GlobalData offers a comprehensive analysis of China Resources Power, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on China Resources Power’s ESG performance. GlobalData’s company profile on China Resources Power offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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China Resources Power, a leading power generation company, is committed to reduce emissions as part of its commitment to addressing climate change. China Resources Power Holdings has also established specific goals for scope 1, and scope 2 emissions, which encompass direct emissions from its operations, indirect emissions from purchased electricity, and other indirect emissions from its value chain. According to sustainable development report, in 2022 the company’s GHG emission for scope 1 was (Direct GHG emissions) 152,570 ktCO2eq and Scope 2 (Indirect GHG emissions) was 45 ktCO2eq.
The company emphasizes the importance of addressing climate change and improving environmental management. It has taken steps to reduce emissions and improve resource utilization. Investments have been made in efficiency and emission upgrades, as well as in optimizing the utilization of resources. The company also highlights its commitment to conducting compliant operations and improving corporate governance. On December 31, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) unveiled the 2022 Typical Cases of Carbon Peak and Carbon Neutrality Actions. CR Power's demonstration project on circular economy and supply-grid-load-storage integration at Hezhou Power Plant secured the second prize, while the Multithreading Carbon Capture Test Platform Demonstration Project at Shenshan Company earned the third prize. These awards, recognizing company’s commitment to low-carbon initiatives, serve as motivation to achieve further advancements in carbon peak and carbon neutrality.
China Resources Power Holdings' sustainable development report emphasizes its focus on low-carbon transition and its efforts to align with the dual carbon goals set by the Chinese government. The company recognizes the significance of its activities' impact on the environment and natural resources and has implemented measures to manage these impacts. It also highlights its engagement in charity and efforts to promote rural revitalization. The company strategically invested in clean energy initiatives, including wind power and photovoltaic plants, contributing to a renewable energy attributable installed capacity that constitutes 32.3% of the total. In pursuit of low-carbon technologies such as carbon capture, utilization, and storage (CCUS), CR Power championed the pilot program for a zero-carbon industrial park and refined the model for carbon asset management. The company successfully captured over 30,000 tonnes of carbon dioxide through CCUS technology and achieved the sale of 1.35 billion kWh of green electricity.
In conclusion, China Resources Power is committed to addressing climate change and has set net-zero targets. The company is taking steps to reduce emissions and improve environmental management. It emphasizes its focus on low-carbon transition and aligning with national goals. Aligned with the dual carbon goals, CR Power proactively identified and mitigated climate change-related risks with a forward-looking perspective.
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