GlobalData offers a comprehensive analysis of China Shenhua Energy, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Net Zero and associated ESG keywords, GlobalData delivers valuable information on China Shenhua Energy‘s ESG performance. GlobalData’s company profile on China Shenhua Energy 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.
China Shenhua Energy, a leading coal-based integrated energy company in China, has set net-zero targets for its greenhouse gas (GHG) emissions. China Shenhua Energy latest filings mentioned the keywords ‘Carbon’ and ‘Climate Change’ most number of times in relation to Net Zero.
The company plans to achieve its net-zero targets by 2050 and has made steady progress in development of renewable energy, while actively exploring how to extend its presence to the emerging strategic industries such as energy storage and hydrogen energy. China Shenhua Energy's has engaged KPMG to carry out a limited level of assurance engagement on selected key ESG-related performance indicators, including total carbon emissions, carbon emission intensity, and comprehensive energy consumption, among others.
To achieve its net-zero targets, China Shenhua Energy has taken steps such as reducing energy consumption, increasing the use of renewable energy, and improving energy efficiency. In FY2022, the company’s total GHG emissions (in 10,000 tonnes of CO2 equivalent) from Scope 1 were 17,239 tCO2eq and Scope 2 were 401 tCO2eq. The company has also invested in technologies to reduce emissions, such as carbon capture, utilization, and storage (CCUS) and coal-to-liquids (CTL). In addition, it has implemented measures to reduce waste and improve water management.
In conclusion, China Shenhua Energy has set net-zero targets for its GHG emissions. The company has taken steps to reduce emissions such as improve energy efficiency and invest in technologies such as CCUS and CTL. The company strictly implemented the standard discharge of pollutants, and accelerated the upgrading and transformation of energy conservation, pollution reduction, and carbon reduction with a view to becoming the main force in implementing the “dual carbon” goal.