GlobalData offers a comprehensive analysis of China National Building, 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 National Building’s ESG performance. GlobalData’s company profile on China National Building 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.
According to its 2022 ESG report, China National Building is dedicated to ecological priority and green development, actively responding to national initiatives like the "14th Five-Year Plan" and "Carbon Peaking and Carbon Neutrality" goal. The company has special focus on green manufacturing and eco-friendly building materials. China National Building's latest filings mentioned the keywords ‘Carbon' and ‘Emissions’ most number of times in relation to 'Climate Change'.
The company has disclosed its greenhouse gas emissions, including direct emissions (scope 1), in metric tonnes (t)CO-e, and has reported on its progress in reducing emissions. Direct greenhouse gas emissions (Scope 1) were reported at 216.67 million tonnes while the indirect greenhouse gas emissions (Scope 2) were reported at 14.07 million tonnes. The company regularly calculates and discloses greenhouse gas emissions data to assess the impact of business activities on climate change. In order to cope with the short-term, medium-term and long-term impacts of climate change, the Group has taken targeted measures to control related climate risks. These include investments in green manufacturing and recycling and reuse. In 2022, the Group embraced a new development concept focused on innovation, green practices, and energy conservation, contributing to the "Carbon Peaking and Carbon Neutrality" goal. They established 207 green factories, with 56 receiving positive evaluations by December 2022, showcasing their dedication to sustainable operations.
In the long term (5-10 years), the focus of the development strategy is to explore new business opportunities centered around low-carbon emission materials, aiming to enhance the profitability of new material products. This involves promoting the adoption of alternative raw materials and fuels, increasing research and development efforts for low-carbon cement products, and maximizing the utilization of renewable energy sources like photovoltaic solar energy, wind power, biomass, and geothermal resources as appropriate. It has also set energy use efficiency targets and water efficiency targets, and has described how it handles hazardous and non-hazardous waste.
China National Building is a joint stock company incorporated in the People's Republic of China with limited liability. The company operates through subsidiaries including Sinoma Cement Co Ltd, Sinoma International Engineering Co Ltd, and Sinoma Science & Technology Co Ltd. It has also invested in companies such as China Jushi Co Ltd and Ningxia Building Materials Group Co Ltd.
In conclusion, China National Building is actively committed to ecological priority and green development, responding to national climate change initiatives, disclosing greenhouse gas emissions data, and focusing on new business opportunities with low-carbon materials to achieve sustainability goals.