China, 29th May 2023 – By adhering to ESG principles, China Lesso actively promotes a green and sustainable development model.
An analysis of China Lesso’s green development philosophy from its ESG report.
Green and low-carbon development is the trend of global sustainable development. In 2020, China announced that it aims to achieve carbon emission peak by 2030 and carbon neutrality by 2060 at the 75th United Nations General Assembly. Thus, the “Double Carbon” goal is leading the direction of today’s technological revolution and industrial transformation.
Against the backdrop of the “dual carbon” goals and high-quality development policies, ESG is becoming a new benchmark for outstanding companies and a new standard for the whole society to evaluate corporate value.
On April 18th, China Lesso (2128.HK), a global pipeline and building materials industry group, released its 2022 Sustainable Development Report( https://en.lesso.com/reports/).
The report showcased the company’s measures and achievements in ESG aspects, including corporate governance, product quality, employee care, and social welfare, to investors.
More importantly, the ESG report showcased the green, stable, and high-quality development path that China Lesso has explored. While supporting the “Double Carbon” target and demonstrating corporate responsibility, China Lesso has also seized new opportunities for development and set sail in the “Double Carbon” wave.
Developing new energy industry to accelerate the realization of a zero-carbon future
The “Double Carbon” strategy advocates for a green, environmentally-friendly, and low-carbon lifestyle. Accelerating the pace of carbon emission reduction is conducive to guiding green technological innovation and enhancing the global competitiveness of industries and economies. China continues to promote industrial and energy structure adjustments, vigorously developing the new energy industry and promoting the application of new energy in its own production and operation. In desert, Gobi, and arid areas, large-scale wind and solar projects are being planned and constructed at an accelerated pace, striving to balance economic development and green transformation.
Against this backdrop, a leading player in the industry, China Lesso, with its keen insight, has seized the opportunity of the national “dual carbon” strategy and, by the end of 2021, established Guangdong Lesso Banhao New Energy Technology Group Co., Ltd. (hereinafter referred to as “Lesso Banhao”), making full efforts to enter the new energy industry.
The ESG report shows that Lesso Banhao is committed to developing mature and stable distributed photovoltaic power generation technology, producing photovoltaic components independently and taking full advantages of unused rooftops and other spaces. The Group explores the model of “Self-generated power for self-use, with surplus electricity supplied to power grid” by piloting it in Guangdong and Guangxi to deliver green and economical electricity to customers, while efficiently reducing greenhouse gas emissions of carbon dust, carbon dioxide and sulfur dioxide during production.
After a year of exploration, Lesso Banhao has achieved outstanding results in the new energy field.
The distributed photovoltaic power generation project of Zhuhai AVIC General Aviation
adopted over 4,500 photovoltaic modules of 540W produced by Lesso Banhao, which are deployed on 3 construction rooftops, 3 car canopies and 1 open space. The project has a capacity of 2,675.16KW, with the estimation to generate total power of 74.90 million kWh and a carbon dioxide emission reduction 60,971 tonnes in 25 years.
Similarly, Guangxi Fehong Wear Resistant Technology Co., Ltd. succeeded in grid connection of distributed photovoltaic power stations, with a project capacity of 541.73kW. The project used 545W high-efficiency monocrystalline photovoltaic modules manufactured by Lesso Banhao, with the estimation to generate total power of 13 million kWh and a carbon dioxide emission reduction 10,660 tonnes in 25 years.
Energy conservation and emission reduction, as well as energy transformation, have become key factors for green and sustainable development. Through its deployment of new energy, China Lesso has helped its customers achieve their energy-saving goals, reduce operating costs, and further transformed itself into a green technology enterprise. More importantly, as a leading player in the industry, China Lesso actively responds to the national “dual-carbon” initiative, playing a good leading role.
Building green products and developing environmentally friendly industries.
Entering the new energy industry is just one manifestation of China Lesso’s green development philosophy. Looking at its own operations, it further demonstrates its practice of the path of green and sustainable development. It incorporates green, low-carbon, environmental protection and sustainable development concepts into every aspect of its business production and operation.
Through technological innovation, China Lesso has achieved the production of green products and assisted environmental protection with science and technology. For example, its Nano Series of antibacterial PP-R pipes have a three-layer structure, with a white nano-silver antibacterial layer inside, a green impact-resistant reinforced layer in the middle, and an orange lightblocking protective layer outside. A combination of anti-bacterial, impact resistant and light blocking functions can fundamentally inhibit the breeding of bacteria and eliminate secondary pollution.
In response to the national call for energy conservation and emission reduction, China Lesso has set up an environmental protection division to vigorously promote the development of the environmental protection industry. The division includes Guangzhou Environmental Protection Engineering Design Institute Co., Ltd., Guangdong Huaqing Ecological Environment Co., Ltd., Guangdong Lianqing Environment Co., Ltd., and Jiangsu Yongbao Environmental Protection Technology Co., Ltd. (hereinafter referred to as“Yongbao Environmental Protection”) and other enterprises.
According to the ESG report, in 2022, Yongbao Environmental Technology has achieved a cumulative total scale of 862,000 tonnes/year in respect of industrial solid waste disposal, and regenerated 300,000 to 400,000 tonnes/year of various types of eco-friendly materials from waste resources for sewage treatment. Recycled products covered more than 70% of the water contamination treatment market in the surrounding areas.
During this period, Yongbao Environmental Technology has undertaken two national technology projects, and built the Engineering Technology Research Centre for the Disposal of Hazardous Waste, and the Engineering Research Centre for the Disposal of Hot Dip Galvanizing Waste Acid. With 39 self-developed patents, its comprehensive utilization technology of hazardous waste has attained advanced levels at home and abroad.
Lesso actively manages climate risks and mitigates climate change in its production and operation, establishes an energy management system, and actively increases the proportion of clean energy consumption. In 2022, China Lesso had a PV power generation installed capacity of 27.33 million kWh, a PV power consumption of 25.85 million kWh, saving electricity bills by 3.421 million yuan, equivalent to saving 3,176 tonnes of standard coal.
In addition, in optimizing resource utilization and building a circular economy, China Lesso continues to improve the efficiency of various resources utilized during production and vigorously develop a circular economy. During the production process, China Lesso promotes “replacing steel with plastics” and continuously optimize production processes and processes, adjust production areas and production layout, and continue to carry out energy-saving transformation such as waste heat recovery and equipment upgrade. In 2022, China Lesso recycled and utilized 156,896 tonnes of plastic and recycled 5.6605 million tonnes of water resources.”
All of these achievements are attributed to the long-standing commitment of China Lesso to green operations. Guangdong Liansu Technology Industrial Co., Ltd. obtained the certification of green factory by the Ministry of Industry and Information Technology of the People’s Republic of China. It also actively promotes the integrated certification of quality, environment, and occupational health and safety management systems (QEO). As of the end of 2022, the Group had 36 subsidiaries certified through the QEO system.
China Lesso also has longer-term green development goals：By 2025, the Scope 2 GHG Emission intensity per unit of production will decrease by 3% compared with 2021；The hazardous waste generated per unit output is controlled below 1.1 kg/ tonne; The non-hazardous waste generated per unit output is controlled below 1.0 tonne/tonne; The water consumption intensity per unit of production is controlled below 1.60 tonne/tonne; The increase in electricity consumption intensity per unit of output will be controlled below 3% compared with 2021.
China Lesso incorporates the concept of green development throughout the entire industry chain, promotes further development of the environmental protection industry, strives to become a domestically influential environmental protection enterprise, and actively contributes to the realization of the dual carbon goal.
Contact Person: Benjamin Xian
Release Id: 2905233802
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No The Money Fly journalist was involved in the writing and production of this article.