GlobalData offers a comprehensive analysis of Huaxin Cement, 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 Huaxin Cement‘s ESG performance. GlobalData’s company profile on Huaxin Cement 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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Huaxin Cement, a leading cement manufacturer in China, is committed to reduce GHG emissions and contributing to China's "carbon peaking and carbon neutrality" goals. The company aims to play a leading role in promoting energy conservation and emission reduction in the cement industry. Huaxin Cement is actively taking steps to reduce its carbon and greenhouse gas (GHG) emissions. In terms of carbon and GHG emissions, Huaxin Cement reports its emissions data for scope 1 (direct emissions) and scope 2 (energy indirect emissions). The company's total scope 1 and scope 2 GHG emissions in the clinker process were 35,980,587.04 tons of CO2 equivalent in 2022. Huaxin Cement has also set targets for reducing its emissions, with a reduction of 11,915,181.23 tons of CO2 equivalent achieved in the same year.
The Company aims to achieve a reduction of over 70% in carbon dioxide emissions per unit of operating income by 2030, as compared to the levels recorded in 2005. In 2022, the carbon dioxide emission per unit of operating income for the domestic business stood at 13.96 tons per 10,000 yuan, with the base year having recorded a rate of 29.2 tons per 10,000 yuan. By 2030, the company aims to decrease the direct emission intensity of carbon dioxide per cubic meter of concrete (Scope 1) to 124 kg. To achieve its emission reduction targets, Huaxin Cement has implemented various measures. The company has invested in environmental protection and technological transformation, with a total investment of 706 million yuan in 2022. It has also invested 347 million yuan in energy conservation and emission reduction. Additionally, Huaxin Cement has focused on the development of low-carbon clinker products and the reduction of clinker coefficient, resulting in a 5% reduction in carbon emissions in certain cement products.
Huaxin Cement is actively involved in industry technical exchanges and research projects related to carbon neutrality and low-carbon cement. The company has participated in the formulation of industry standards and has taken the lead in formulating three industry standards related to carbon neutrality and peak carbon dioxide emissions. Huaxin Cement is also exploring the use of alternative fuels and waste management practices to reduce its environmental impact.
In conclusion, Huaxin Cement is committed to achieving its GHG emissions and promoting green and low-carbon development in the cement industry. The company has set targets for emission reduction and has already made significant progress in reducing its carbon and GHG emissions. Through investments in environmental protection, technological transformation, and research projects, Huaxin Cement is actively working towards its net-zero goals and contributing to China's carbon neutrality objectives.
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