GlobalData offers a comprehensive analysis of Longyuan, 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 Longyuan’s ESG performance. GlobalData’s company profile on Longyuan 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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Longyuan, a power producer, confronts the challenges posed by climate change through the incorporation of climate risks into its risk management process. The company focuses on improving climate risk identification and implementing measures to prevent and control these risks effectively. As per the 2022 ESG report, the company reported a total of 10,226,674 tons of CO2e emissions in scope 1, and 4,037 tons of CO2e emissions in scope 2. Longyuan’s latest filings mentioned the keywords ‘Wind Power’ and 'Carbon’ most number of times in relation to 'Climate Change'. The company aims to promote green energy in line with healthy ecology, practice harmless recycling and resourceful utilization of new energy solid waste, explore resourceful circular economy industrial models, and layout of new energy industry.
The report also highlights the company's dedication to quality clean energy, improving the scale and proportion of wind power development, accelerating the development of offshore wind power clusters, and innovating the "new energy +" project. The ESG report includes data on the company's environmental management, pollution prevention and control, water resources management, waste disposal, and biodiversity protection. The company's greenhouse gas emissions in this report are calculated based on the Scope 1 emissions of the two affiliated coal-fired power companies, two major greenhouse gas emitters of Longyuan Power. The report shows that the company's carbon dioxide emissions from coal-fired power business were 31,107.84 tons in 2022, and the GHG emission intensity was 835.32 g/kWh.
In conclusion, Longyuan embraces climate risk management and green energy promotion, supported by its wind power and carbon reduction efforts mentioned in the 2022 ESG report. The company's commitment to a sustainable future aligns with its focus on ecological health, circular economy, and new energy industry development.
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