GlobalData offers a comprehensive analysis of China Railway 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 China Railway Group’s ESG performance. GlobalData’s company profile on China Railway 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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China Railway Group, a major construction company in China, is actively working towards reducing its carbon emissions. The company recognizes the importance of addressing climate change and has already taken steps to reduce its emissions and has achieved some notable results. The comprehensive energy consumption per RMB ten-thousand of operating income decreased by 15% compared to 2020, and the carbon dioxide emissions per RMB ten-thousand of output value saw a 15% reduction compared to the same baseline year, 2020. According to the 2022 ESG report, the total amount emissions in 2022 was 1,632.9 (ten-thousand tonnes CO2 emissions), indicating a year-on-year increase of 6.7%.
The Carbon Peak Action Plan crafted by China Railway Group Limited delineates ambitious objectives. By 2025, notable progress is envisioned in the creation of an environmentally conscious CREC system harmonized with ecological principles, accompanied by improvements in energy utilization efficiency and the overall energy consumption structure. It has invested in a 5MW photovoltaic power station project in Baode County, making use of the region's abundant solar resources. China Railway Group also focuses on occupational health and environmental protection, implementing green and low-carbon production technologies and processes. It has strengthened dust and poison control in the workplace, particularly in tunnels and industrial sites. The company has also increased the recruitment of scientific research personnel in carbon peak and carbon neutrality-related fields. In 2022, the CO2 emission rate stood at 0.1502 tons per RMB ten-thousand, reflecting a decrease of 3.8% from the corresponding period of the previous year. This achievement aligns with the annual target for energy conservation and environmental protection.
Additionally, China Railway Group actively participates in environmental protection projects. It has contributed to the construction of the "Millennial Beautiful Forest" in Xiong'an New Area, planting trees on a large scale. The company also engages in urban renovation projects that prioritize ecological restoration and urban repair. It adapts to potential urban environmental changes caused by climate change.
To reduce its own greenhouse gas emissions, China Railway Group invests in clean energy and adopts energy conservation measures. It has participated in the development of clean energy technologies such as ground source heat pumps, photovoltaic power generation, and combined cooling, heating, and power systems. These initiatives have resulted in significant reductions in carbon emissions.
Overall, China Railway Group is committed to reducing its carbon emissions. The company takes various steps, including investing in clean energy, implementing green production technologies, and participating in environmental protection projects. By prioritizing energy conservation and emission reduction, China Railway Group aims to contribute to the global low-carbon economic transformation and the construction of ecological civilization.
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