GlobalData offers a comprehensive analysis of China Energy Engineering, 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 Energy Engineering’s ESG performance. GlobalData’s company profile on China Energy Engineering 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 Energy Engineering, a leading energy company in China, is committed to reduce its carbon emissions. The company recognizes the importance of reducing greenhouse gas (GHG) emissions and is taking steps to mitigate its impact on the environment.
China Energy Engineering has already taken steps to reduce its emissions and is expected to continue doing so in the future. The company is investing in green and low-carbon development, aiming to build a high-quality new energy development system. It is also involved in projects related to clean energy transformation and innovation, both domestically and internationally. These initiatives demonstrate the company's commitment to promoting a green and low-carbon economy. According to the 2022 ESG report, in 2022, its total greenhouse gas emissions amounted to 6,514,825 tonnes of CO2e, consisting of 3,575,567 tonnes of CO2e in direct greenhouse gas emissions and 2,939,258 tonnes of CO2e in indirect greenhouse gas emissions.
The company developed the "Carbon Peaking Action Plan" along with the Group's objectives and task lists for the 14th and 15th Five-Year Plan periods, establishing a robust groundwork for attaining carbon peaking by the year 2030. Throughout the 14th Five-Year Plan period, the objective is to achieve a 1.38% reduction in total annual carbon dioxide emissions and a 3.9% decrease in carbon dioxide emissions per RMB10,000 annual output value (revenue) from the base year of 2021. Notably, in 2022, there was a significant year-on-year decrease of 6.2% in total carbon dioxide emissions. Additionally, the company is planning to build an energy system that is clean, low-carbon, secure, and efficient, promote the expansion of renewable energy, explore and implement energy-saving technologies, and engage proactively in the national carbon market.
In conclusion, China Energy Engineering is taking steps to reduce its carbon and GHG emissions. The company is investing in green and low-carbon development, participating in clean energy projects, and promoting international collaborations. The company's commitment to sustainability and its efforts to contribute to a greener future are evident.
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