China Daye Non-Ferrous Metals Mining has set a long-term plan to achieve carbon peaking by 2030 and carbon neutrality by 2060. China Daye Non-Ferrous Metals Mining latest filings mentioned the keywords ‘Carbon’ and ‘Climate Change’ most number of times.

The company aims to improve the dual control of total energy consumption and intensity, seek various effective paths of carbon peak and carbon neutrality, and promote the achievement of the goal of carbon peak and carbon neutrality. The company has formed a scientific, systematic, quantifiable, and practical implementation plan for its "carbon peak and carbon neutrality" action. The company has taken steps to reduce emissions, including increasing the oxygen enrichment of the Ausmelt furnace with the smelting system to reduce electricity and raw coal consumption, applying the lean-oxygen combustion technology at the refining furnace to reduce natural gas consumption, and dismantling renewable resources and recovering scrap copper to reduce energy consumption in the blister copper smelting process.

The company has also participated in the pilot carbon emission trading market in Hubei Province, achieving certain results in terms of carbon emissions planning, verification, and trading as well as carbon reduction technology. The company has established a leading team for the "carbon peak and carbon neutrality" action, formulated work responsibilities and action requirements, and organized continuous learning and training on the policy requirements of "carbon peak and carbon neutrality." However, the gradual emergence of issues, including the few numbers of latest low-carbon and zero-carbon technologies being developed and promoted for application, the relatively high cost of implementing low-carbon technology, the slow speed of developing clean energy, and the need for further research and promotion of carbon capture technology, has formed certain obstacles for enterprises to achieve the goals of carbon peaking and carbon neutrality.

In conclusion, the company has incorporated sustainable governance into its corporate governance framework to ensure that the company's exposure to the risks of climate change is incorporated into the corporate agenda and that the company is actively involved from top to bottom in the development and implementation. The company understands that climate change will bring various risks to its business, such as physical risks such as water resource stress, floods, and extreme weather, which will cause damage and negative impact on assets and supply chains, and transition risks such as policy changes and reputation, which will also cause potential financial impact. The risks brought on by climate change are placed high on the company's agenda, and therefore, the company is committed to building resilience against these risks.

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