New Hope Liuhe recognizes the urgency and significance of addressing climate change. Adhering to the disclosure recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), the Company actively explores action plans to tackle climate challenges and adopts measures to strengthen its management capabilities in this area.
Governance
New Hope Liuhe integrates dual carbon-related matters into its governance framework. The Safety Environmental Protection Center is responsible for formulating action strategies, goal setting, annual plans, performance indicators, and other aspects in conjunction with the Company’s operations. Relevant departments, such as the Plant Environmental Protection Department and the Administrative Department of each industrial unit, are tasked with implementing headquarters’ strategies and goals, promoting project implementation and execution, coordinating energy-saving and carbon-reduction measures across various sites/squads, and compiling relevant data, thus promoting closed-loop management of energy-saving and carbon-reduction efforts.
Strategy
New Hope Liuhe actively responds to the national dual carbon strategy by crafting a Three-Year “Dual Carbon” Strategic Plan (2023-2026). The Company vigorously promotes energy conservation and carbon reduction efforts in five key areas: green electricity usage, biogas utilization, water recycling, biological carbon sequestration, and carbon trading. Significant progress has been made in energy conservation and emission reduction during the reporting period.
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