GlobalData offers a comprehensive analysis of H and H International, 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 H and H International‘s ESG performance. GlobalData’s company profile on H and H International 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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H and H International, a construction materials company, has set a goal to achieve net-zero emissions by 2050. The company demonstrates a commitment to an ambitious 1.5°C climate target, and their objectives have received validation from the Science Based Targets initiative. The company aims to reduce its carbon emissions across scope 1, scope 2, and scope 3 categories.
In terms of carbon emissions, H and H International reported the following figures for 2022: Scope 1 and 2 emissions, as per the SBTi target, were 186,275 tonnes, while the actual emissions amounted to 176,250 tonnes. The Scope 1+2 emissions per cubic meter were registered at 40.2 kg/m3. For Scope 3 emissions per cubic meter, the SBTi target was 151.6 kg/m3, and the actual recorded value stood at 156.8 kg/m3. H and H has set forth commitments that include a 46% reduction in absolute Scope 1 and 2 GHG emissions by 2030 from a 2019 base year. Additionally, there is a target to achieve a 22% reduction in Scope 3 GHG emissions per cubic meter from the 2019 base year by 2030.
The company has been focusing on optimizing its recipes and purchasing lower emission cement to reduce its carbon footprint. Additionally, H and H International has implemented waste management practices that prioritize reducing, reusing, and recycling waste. The company also aims to improve its water resource management by investing in water usage efficiency and wastewater recycling. Furthermore, H and H International has planned investments to lower water and energy consumption and reduce carbon emissions. These investments include phasing out the purchase of steam generated from coal, converting fuel sources to carbon-light alternatives, and transitioning to renewable electricity consumption. By 2025, the company expects to fully transition to 100% renewable electricity.
Overall, H and H International is committed to achieving net-zero emissions by 2050 and has set concrete reduction goals across Scope 1, Scope 2, and Scope 3 categories. The company's focus on reducing carbon footprint, waste management, and efficient water resource utilization exemplifies a holistic approach to sustainability.
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