HANGZHOU, China, May 14, 2024 /PRNewswire/ -- On April 30, CHINT Xinneng released the 2023 Environmental, Social and Governance (ESG) Report of CHINT Xinneng Technology Co., Ltd., which publicly discloses to all stakeholders the key performance and value creation in the direction of social responsibility, environmental protection, corporate governance and employee development in 2023 around core issues such as climate change, sustainable supply chain, product life cycle management, technological innovation, and business ethics.
In 2023, CHINT New Energy released its sustainable development strategy, announcing that it will achieve carbon neutrality in the entire value chain by 2050. At the same time, the company has established an independent sustainability department as the management body, which has jurisdiction over the three special working groups of environmental governance, social responsibility and corporate governance, and coordinates, plans, implements and supervises various ESG-related activities and projects, so as to continuously improve the company's sustainable development capabilities.
In the first year of the systematic implementation of the sustainable development strategy, CHINT New Energy achieved the "three reductions" of carbon emission intensity, water consumption intensity and energy intensity of its own operations; Through extensive communication with customers, employees, partners and other stakeholders, we have driven industry chain partners to save energy and reduce emissions, and the ISO 14001 certification of core suppliers has reached more than 80%, leading the green development of the industry. At the same time, CHINT is committed to building a diversified talent system, promoting the creation of a diverse, fair and inclusive cultural atmosphere, actively fulfilling social responsibilities and promoting social welfare. In addition, CHINT takes the improvement of ESG goals, business goals and compliance goals as the evaluation indicators of the members of the management organization, and links 100% to performance and compensation.
In 2023, CHINT New Energy released its sustainable development strategy, including greenhouse gas emission targets for 2028 and 2035. In order to achieve this goal, the company takes the construction of zero-carbon factories as the starting point to continuously reduce carbon emissions in production and operation.
In terms of climate change mitigation and adaptation, relying on the existing EHS management system and internal environmental management system, through a series of greenhouse gas emission reduction actions such as energy conservation and emission reduction, use of clean energy, and environmentally friendly packaging, CHINT New Energy has reduced its annual carbon emission intensity by 7.12% year-on-year, saved 2,708.47 tons of standard coal, saved 15,768,400 kWh of electricity, saved 69,000 cubic meters of water, decreased energy intensity by 34.18% year-on-year, and decreased water consumption intensity by 25.43% year-on-year. The recycling rate of non-hazardous waste increased by 14.65% year-on-year, achieving zero waste to landfill.
In terms of low-carbon factory construction, CHINT Xinneng actively promotes the digital and intelligent transformation of factories, promotes the transformation and upgrading of product quality and green manufacturing with full life cycle digital management, and achieves full coverage of ISO 9001:2015 system certification.
It is worth mentioning that last year, CHINT Xinneng built its first zero-carbon factory, Yancheng Zero-carbon Factory, which reduced carbon dioxide emissions by a total of 42,221.37 tons, with significant environmental benefits. In March this year, the kick-off meeting of the second zero-carbon factory of CHINT Xinneng in Jiuquan was officially held, which is expected to be completed by the end of July. In the future, CHINT plans to complete the certification of 8 zero-carbon factories by 2028. In addition, CHINT also announced its commitment to join international organizations such as the SBTi Science Based Targets initiative, the United Nations Global Compact's "Forward Faster" initiative, as well as the SSI Solar Management Initiative, CCCA China Corporate Climate Action, and other international organizations.
Based on its excellent performance, in 2023, CHINT New Energy was selected into the 2023 green manufacturing list announced by the General Office of the Ministry of Industry and Information Technology, and was successfully rated as a national green factory. In addition, CHINT Xinneng also has many honors such as "Zhejiang Green and Low-Carbon Factory", "Three-star Certification of Green Building Materials Evaluation of Photovoltaic Modules", "Jiaxing Waste-free Factory", and ASTRO series modules have been selected into the "Green Technology Promotion Catalogue List" issued by the Department of Environmental Resources of the National Development and Reform Commission.
Promote the low-carbon transformation of upstream and downstream enterprises Core supplier acquisition ISO 14001 certification accounts for more than 80%In 2023, on the premise of ensuring product quality, CHINT New Energy will significantly reduce product material consumption and production energy consumption through technical optimization, such as optimization of silicon wafer thickness, improvement of cell silver paste consumption, optimization of module packaging materials, module welding wire specifications, etc. In addition, CHINT took the lead in developing and applying new green materials such as steel frames and composite frames in the industry, carried out sustainable upgrades of products, and carried out product life cycle assessments for 15 main products.
In terms of transportation, CHINT New Energy also strengthens the green transportation of logistics links, and reduces the carbon footprint of cargo transportation by optimizing transportation modes, improving loading rates, and promoting new energy transportation vehicles.
Giving full play to the industry endowment of the photovoltaic manufacturing industry with a long value chain and strong relevance, CHINT New Energy is extending the concept of sustainable development upstream and downstream, which not only effectively promotes the zero-carbon transformation of photovoltaic manufacturing, but also drives suppliers and other value chain partners to build a green and sustainable business ecology, and significantly improves the sustainable competitiveness of the whole value chain.
In terms of building a green supply chain, CHINT New Energy conducts standardized management of the whole process from supplier access, assessment, review and other links. Presently. All core suppliers are ISO 45001 certified, and 81.8% of core suppliers are ISO 14001 certified.
Not only that, CHINT can play a positive role in demonstration and leadership. In 2023, CHINT conducted green training and selection of suppliers, and among the outstanding green suppliers selected, 9 won the honor of "Green Product" and National "Green Factory" by the Ministry of Industry and Information Technology, 6 won the title of "Green Supply Chain" by the Ministry of Industry and Information Technology, and 7 suppliers won the honor of "Green Factory" at the municipal/provincial level.
Actively explore social responsibility and social diversity Employees are covered There are 42 ethnic groups in 38 countriesConstantly innovating products and technologies, while solving the pain points of thousands of industries, CHINT New Energy is also actively exploring social responsibility. In terms of supporting employee development, the report shows that on the one hand, CHINT Xinneng has built and improved a diverse, fair and inclusive culture, continuously improved the salary and welfare system and employee security system, and created a good working environment. On the other hand, it provides employees with abundant learning and development opportunities, helps 158 employees continue their education in 2023, and maintains open and smooth information transmission and communication channels to stimulate employees' enthusiasm and creativity.
According to the data, CHINT Xinneng has employees from 38 countries and 42 nationalities from different cultural backgrounds, with more than 20% of employees from ethnic minorities, and pays attention to the acceptance of employees with disabilities, and has won the 2023 DEI Employer Award issued by the Employer Branding Institute, an authoritative institution in the field of global employer brand research, and DEI construction has been recognized.
Statistics from the Organisation for Economic Co-operation and Development show that in 2019, only 6.6 per cent of female graduates from higher education were in engineering and manufacturing, while 24.6 per cent of male graduates were in this field. As a member of the manufacturing industry with a relatively low proportion of women, Chint New Energy's ESG report shows that 22.22% of the company's directors are women, 32% are women's employees, 21% are women's managers, and 30% are women's technical personnel.
In addition, in terms of external public welfare co-construction, CHINT New Energy will invest a total of 15.3369 million yuan in social welfare in 2023, and help the construction of 17 ecological power station projects, exploring and innovating in biodiversity, environmental protection, community participation, and charity and public welfare. In August last year, CHINT joined hands with NIO, One Earth Nature Fund and other parties to jointly build the world's first V2G photovoltaic self-circulating energy replenishment system in Qilian Mountain National Park, effectively helping Qilian Mountain National Park and its protected areas to clean and low-carbon ecological patrol and energy use, and protecting the diversity and integrity of its natural ecosystem.
Dr. Lu Chuan, Chairman and President of CHINT New Energy, said that in the past year, in the face of a complex and changeable global environment, CHINT New Energy has successfully achieved steady growth in corporate performance and in-depth creation of social value by virtue of its forward-looking strategic layout, solid technology research and development, efficient capacity construction, stable supply chain management and strong sense of social responsibility. Facing the future, CHINT will always adhere to the two-wheel drive strategy of scientific and technological innovation and green manufacturing, deepen the supply chain relationship, and work with partners to build a green, stable, efficient and win-win industrial chain ecosystem, so as to make greater contributions to global energy transformation and sustainable development.