GlobalData offers a comprehensive analysis of Concord New Energy Group, 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 Concord New Energy Group’s ESG performance. GlobalData’s company profile on Concord New Energy Group 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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Concord New Energy Group, a clean energy company, is dedicated to reduce its carbon emission as part of its commitment to environmental sustainability. The company is supportive of China's initiatives aimed at reaching carbon peak and carbon neutrality goals. In 2022, the company's attributable power generation reached 6,673 gigawatt-hours (GWh) and consisted entirely of clean energy, resulting in a reduction of 7 million tons of CO2, 1,751 tons of NOx, and 1,679 tons of SO2. Additionally, this initiative saved over 10 million tons of water. By employing a clean energy supply, the company successfully reduced carbon dioxide emissions by 7,092 kilotons.
The emissions for the year 2022 were 1,646.91 tonnes for Scope 1 and 7,605.05 tonnes for Scope 2. The GHG Emission Intensity stood at 1.77g/kWh. The company set a target to reduce the cumulative greenhouse gas emission by 65,000 kilotons by providing green electricity to society by 2024. As of 2022, the cumulative greenhouse gas emissions reduction reached 47,543 kilotons, showcasing significant progress toward the target.
The company acknowledges the importance of emissions reduction and has implemented policies and measures to address climate change. These include a Climate Change Policy and a Manual on Risk Point Analysis and Pre-Control for Energy Storage Projects, the implementation of energy efficiency policies and ecological and environmental protection policies. The company has also established administrative measures for soil and water conservation in construction projects and an ecological and environmental protection management system. These initiatives demonstrate the company's commitment to reducing its environmental impact.
In addition to its internal efforts, Concord New Energy Group has also invested in infrastructure and services that support low-carbon development. The company's focus on clean energy and its commitment to ecological protection further contribute to its emission reduction efforts.
In conclusion, Concord New Energy Group is actively working towards reducing its carbon and GHG emissions. The company has implemented various policies and measures to address climate change and has made investments in clean energy infrastructure. The company's commitment to environmental sustainability is evident through its actions and policies.
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