SANY's 2024 ESG Report: A Commitment to Green Innovation

SANY's Commitment to Sustainable Development through Green Innovation

SANY Heavy Industry has recently released an insightful report showcasing its efforts in promoting sustainability and social responsibility. In 2024, the company has made significant strides in the Environmental, Social, and Governance (ESG) domain, outlining its commitment to creating a greener future through innovation.

Investment in Environmentally Friendly Initiatives

In its latest report, SANY disclosed a considerable investment of 520 million yuan (USD 72.12 million) directed toward environmental protection efforts. This investment signifies SANY's robust commitment to driving industry development through green innovation. The company's future plans include heightened focus on clean technology research, upgrading manufacturing facilities, and widening market outreach. Mr. Xiang Wenbo, Chairman of SANY Heavy Industry, stated that the aim is to enhance the value provided to customers while supporting the transition to various sustainable practices.

Advancing Clean Energy and Manufacturing

The 2024 ESG report highlights numerous projects undertaken to conserve energy and minimize consumption. Notable achievements include:

• A cumulative savings of 0.32 billion yuan (USD 44.38 million) in energy costs.
• The implementation of photovoltaic power generation equipment across 21 subsidiaries, contributing to clean energy usage that amounts to 76.072 million kWh, which constitutes 13.8% of total energy needs.
• A reduction in the VOC emission density to 14.47 tons per million yuan revenue in 2024, indicating a decrease of 17.9% since 2021.
• Optimizing wastewater treatment processes which led to an 84.5% reduction in wastewater COD emissions intensity.

These initiatives underline SANY's position as a leader in promoting efficient energy use and environmentally friendly practices. Continued innovation in clean technology and ongoing investments will play a vital role in the company's operations going forward.

Focus on Employee Well-being and Community Support

SANY's dedication to its workforce is evident in its diverse hiring practices and developmental initiatives. In 2024, 89% of the company's overseas workforce consisted of local employees, with women holding 12% of executive roles. The company also launched a 550-million-yuan employee stock ownership plan that benefitted over 6,200 individuals, indicative of its commitment to employee engagement and welfare.

Health and Safety Training Initiatives

SANY takes employee safety seriously, conducting extensive training sessions throughout the year. In 2024, 485 training sessions were held, with a staggering 93% employee participation rate. The company also organized specialized training on safety measures, achieving a significant reduction in injury rates and maintaining zero cases of occupational diseases.

In addition to focusing on employee health, SANY actively invests in social welfare initiatives. The company donated approximately 18.16 million yuan (USD 2.52 million) towards public welfare funds, contributing to over 340 million yuan (USD 47.16 million) cumulatively. This has further extended to engaging in 143 public welfare activities to aid education, enhance disaster relief efforts, and revitalize rural areas.

Digital Intelligence Supporting ESG Strategy

The 2024 report highlights the optimization of SANY's ESG governance framework at the corporate level. They held multiple board meetings with a perfect attendance rate, showcasing their commitment to accountability and transparency. Furthermore, SANY has developed an intelligent supervision platform that has facilitated over 4,568 data alerts and completed extensive verifications for digital and intelligent governance.

Looking towards the future, SANY aims to broaden its global presence while utilizing digital technologies to enhance intelligent manufacturing processes. Mr. Xiang Wenbo emphasized the company's aim to pioneer smart green technologies, supporting both local and global sustainable developments. This ambition aligns with China's 'Dual Carbon' goals aimed at achieving significant environmental milestones.

Frequently Asked Questions

What is the focus of SANY's 2024 ESG Report?

SANY's 2024 ESG Report focuses on the company's dedication to green innovation, clean energy development, and social responsibility practices.

How much did SANY invest in environmental protection in 2024?

SANY invested 520 million yuan (USD 72.12 million) in environmental protection efforts.

What are some key achievements mentioned in the report?

Key achievements include significant energy savings, reductions in VOC emissions, and advancements in clean energy utilization across subsidiaries.

How does SANY support employee welfare?

SANY supports employee welfare through inclusive hiring practices, training programs, and stock ownership plans that benefit thousands of workers.

What role does digital technology play in SANY's ESG strategy?

Digital technology plays a crucial role by optimizing governance, enhancing accountability, and facilitating intelligent manufacturing processes across the company.

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