GlobalData offers a comprehensive analysis of AAC Technologies Holdings , 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 AAC Technologies Holdings ‘s ESG performance. GlobalData’s company profile on AAC Technologies Holdings 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.
AAC Technologies Holdings, a company focused on technology and manufacturing, is committed to reducing its carbon emissions. In 2022, the company reported a total of 598,341 tCO2e in greenhouse gas (GHG) emissions, with an emission intensity of 0.29 tCO2e per ten thousand RMB revenue. Within this, Scope 1 emissions were 5,001 tCO2e, while Scope 2 emissions amounted to 593,340 tCO2e. GHG emissions experienced a 19.6% decline compared to 2021. The primary contributor to the company's emissions is indirect emissions from purchased electricity, making up 99% of the total emissions.
AAC Technologies Holdings is targeting a 75% clean energy consumption rate at its two major Changzhou plants by 2030, showcasing a dedication to sustainable energy practices. The company's carbon emissions objective includes consistently keeping emissions 5% below the government's annual quota in Shenzhen. Notably, carbon emissions in Shenzhen showed substantial progress, decreasing by 17% in 2022 compared to the previous year. The company reaffirms its commitment to implementing proactive decarbonization measures for continued progress towards a low-carbon future.
AAC Technologies is also committed to managing its water resources responsibly. The company aims to reduce the total water consumption of all Changzhou plants by 3% in 2022. To achieve this, it has implemented water conservation and recycling measures to minimize its interactions with water as a shared resource. The company is also focused on managing water discharge-related impacts, water withdrawal, water consumption, and water discharge. It is also monitoring and reporting on emissions of ozone-depleting substances and other significant air emissions such as nitrogen oxides and sulfur oxides.
AAC Technologies is dedicated to waste management and has adopted effective practices in this regard. The company has established a high goal of maintaining a minimum waste diversion rate of 90% at two major plants in Changzhou and achieving a 90% waste diversion rate at the Shenzhen plant in 2022. Additionally, AAC Technologies aims to decrease waste generation and alleviate associated impacts. The company actively diverts waste from disposal, while also closely monitoring the metrics of waste generated, diverted, and sent for disposal.
Overall, AAC Technologies Holdings is actively working towards reducing its carbon footprint by taking significant steps to reduce its environmental impact and achieve its sustainability goals. The company is implementing measures to reduce energy consumption, manage water resources, and address emissions and waste. By focusing on these areas, AAC Technologies is working towards a more sustainable future.
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