GlobalData offers a comprehensive analysis of Zhejiang Expressway, 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 Zhejiang Expressway‘s ESG performance. GlobalData’s company profile on Zhejiang Expressway 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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Zhejiang Expressway, a major expressway operator in China, is committed to reduce its carbon emissions. Zhejiang Expressway is taking steps to quantify and disclose indicators related to energy saving, carbon emissions, and climate change response. The Company has persistently advocated for the execution of China's "Special Action Plan to Achieve Carbon Peaking and Carbon Neutrality," prioritizing high efficiency, safety, and environmentally friendly highways. This initiative aims to expedite diversified and low-carbon energy provision while promoting efficient resource consumption.
As per the company's ESG report 2022, its overall greenhouse gas emissions totaled 39,771.80 tonnes of carbon dioxide equivalent, with carbon dioxide representing 97.86% and being the primary greenhouse gas emitted. Direct greenhouse gas emissions (Scope 1) were 3,540.57 tonnes of carbon dioxide equivalent, while indirect emissions (Scope 2) were 36,231.23 tonnes of carbon dioxide equivalent. The emission intensity was 26.44 tonnes of carbon dioxide equivalent per kilometer, marking an 18.90% decrease from the previous year. The reduction in carbon dioxide emissions from photovoltaic power generation amounted to 538.40 tonnes of carbon dioxide equivalent.
The company has implemented measures to reduce carbon emissions, such as fuel-saving techniques during driving and lower fuel consumption for vehicles. These efforts have resulted in a 12% increase in carbon emission reduction at toll stations. Zhejiang Expressway has taken significant steps to achieve its emission reduction goals. It has established a new Science and Technology Information Department to promote innovation, energy conservation, and emission reduction. The company is also investing in technological research and development, digital construction, and intelligent high-speed construction. Additionally, it has implemented green maintenance practices, such as using local materials, recycling, and promoting green environmental protection techniques.
The company's efforts have yielded positive results in terms of greenhouse gas emissions reduction. It has achieved a recycling rate of 99.8% for waste asphalt and has carried out on-site recycling and preventive maintenance using environmentally friendly materials. Zhejiang Expressway has also implemented energy-saving renovations for tunnels, ramps, toll sheds, and stations, adopting measures like intelligent lighting and water-saving appliances.
In conclusion, Zhejiang Expressway is committed to achieving and reducing its carbon emissions. The company is taking various steps, including technological innovation, energy conservation, and green maintenance practices, to achieve its goals. The company's efforts have resulted in significant reductions in carbon emissions and improved environmental performance.
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