(Hong Kong, 10 May 2023) ?China Risun Group Limited (“China Risun”, or
the “Group”, stock code: 1907), a leading global integrated coke, coking
chemicals and refined chemicals producer and supplier and relevant operation
management services provider in China, has published its 2022 Environmental,
Social and Governance (ESG) report. During the reporting period, China Risun
actively implemented measures echoing China’s ”double carbon” strategy. It gave
strong attention to greenhouse gas emissions in the process of production and
operation, focus on the physical risks and transformation risks brought by
climate change, promotes the integration of climate risk management into
corporate governance, risk management system and daily operations, continues to
optimize the Group’s energy structure and boosts the share of clean energy and
renewable energy, making Risun an example for the country’s coking industry in
the pursuit of green transformation.
Incorporated green concepts into development
Coking industry is a typical energy processing and conversion industry.
It is a key carbon emission source in China, hence has to deal with more
serious transformation issues. To resolve those issues while exploring green
transformation, the Group sees the need of incorporating an ESG management
system into its daily development.
Specifically, the Group emphasized on the construction of energy-saving devices
and equipment and have invested in construction of large-scale energy-saving
projects such as the smart energy control center, flue gas residual heat recycling,
heating by industrial residual heat, dry coke power generation, effectively
realizing overall improvement of energy efficiency. The Group also emphasized on the lean control of
actual operation, such as reducing energy input, focusing on recycling and
utilization of residual heat and energy resources, which may effectively
improve energy utilization efficiency, reduce energy consumption per unit product,
and realize the green, low-carbon and energy-saving operation of the whole
industrial chain.
At the same time, in recent years, China Risun has actively developed
hydrogen energy business, vigorously deployed for building a complete hydrogen
energy industrial chain. It set up Dingzhou Risun Hydrogen Energy, which is the
parent of subsidiaries in Xingtai, Baoding, and Huhhot, and established a
hydrogen energy research institute and officially release the Risun Group’s
Hydrogen Energy Development Plan, claiming for itself the position of the largest
high-purity hydrogen supplier in Beijing-Tianjin-Hebei Region with clear
advantages.
In 2022, Risun Hydrogen became strategic cooperation partners with more
high-quality downstream companies, working together in the production, storage,
transportation, re-fueling and use, on putting out key materials of fuel cells,
manufacturing fuel cell systems, promoting hydrogen fuel cell vehicles, and
hydrogen energy and distributed energy storage. Moreover, Hebei Risun and the
Baoding Municipal People’s Government had signed a strategic cooperation
framework agreement regarding development of the hydrogen energy industry. The
two parties agreed to become long-term, stable and good strategic partners in
hydrogen production and storage, build and operate hydrogen refueling stations
and application scenarios, nurturing jointly new drivers of high-quality green
and low-carbon development.
Fruitful results from energy saving and emission reduction efforts
As it advances towards the “double carbon” goals, China Risun has kept
ingraining ESG concepts into the organization, as such, it made new
achievements in carbon reduction and emission reduction in 2022.
2022, enabled by technological transformation and optimization, China
Risun embarked on a series of in-depth environmental protection improvement
projects, putting in place such as a safety instrument control system, sewage
treatment system, boiler wet electrostatic precipitator, andwaste alkali
incinerator flue gas standard, and achieved ultra-low emissions of sewage,
dust, flue gas SO2 and NOx and on the basis of reaching ultra-low emissions,
innovated and broke through environmental treatment technologies, increased the
areas its ultra-low emission targets cover, so as to build higher standard and
higher level ecological bases, green factories and clean production lines. The
Group’s main pollutant emission levels are shown in the table below:
Emissions Level of China Risun
Unit: mg/m3
According to its 2022 ESG Report, Risun Group reduced carbon dioxide
emissions by 169,664 tons through technological transformation and
optimization. the water recycling rate of fresh water was 98.5%, the process
energy consumption of coke sector has been reduced to less than 110 kg standard
coal/ton, well below the access value of energy consumption of the industry
(which is 140 kg standard coal/ton), indicating a remarkable progress in energy
consumption reduction. Comparison of the
energy consumption level of Risun Group's main plants and the industry is shown
in the table below:
Energy consumption level of Risun Group's plants and the industry
Unit: Standard coal/ton
Thanks to its improving hydrogen energy business layout, the Group was
able to optimize its overall energy structure in 2022, reducing consumption of
coking coal in the high-energy production process of coke and increasing the
proportion of clean energy and renewable energy. In 2022, the energy
consumption of clean coal production accounted for 91.62%, 6.45% down from
98.07% in 2016.
Dingzhou Risun Hydrogen Limited’s 6,000 Nm3/h hydrogen production
project was put into operation.
This high-purity hydrogen production project is an integral part of
Risun’s hydrogen energy industry
project, as well as a key demonstration project of hydrogen energy
application in Hebei Province.
With a total investment of about RMB50 million, and a production
capacity of 12 tons/day, the project
can produce hydrogen with a purity of 99.999% and reduce carbon dioxide
emissions by 50,000 tons per year.
ESG practices gained recognition
The excellent carbon reduction results stated in the ESG Report are owed
directly to the continuous ESG investment made by Risun Group. For it to
achieve better yet green transformation on a more solid foundation for
sustainable development, the Group has continued to step up related capital and
human resources investments. As of December 31, 2022, the Group’s total
investment in environmental protection has reached RMB6.483 billion. During the
reporting period, the Group also cooperated with a number of commercial banks at
home and abroad to make arrangement for the sustainability-linked loans (SLL)
for use on green and low-carbon upgrades of its production processes. As of
March 1, 2023, The total amount of the Group’s SLLs reached RMB2.402 billion.
Apart from investing in green transformation, upholding the philosophy
of “taking from society and giving back to society” and the corporate ideal of
“making the greatest contribution to social progress”, the Group has been
actively fulfilling its corporate social responsibility. During the reporting
period, it donated a total of RMB11.441 million and HK$1 million for prevention
and control of the pandemic, rural revitalization, disaster relief and other
purposes. At the same time, the Group has also engaged in university-enterprise
cooperation, facilitated industry-academia-research collaboration, and
committed to building better communities and creating a sustainable win-win ecosystem.
The Group’s active ESG efforts and outstanding green transformation
achievements have earned for it wide market recognition. In 2022, the Group and
its subsidiaries won 33 environmental protection awards and honors from local
government departments or associations, and all of its production companies in
Hebei Province received the “Grade-A Environmental Performance Certificate”.
Also, in December 2022, at the "Hong Kong Green and Sustainable Finance
Awards" organized by Hong Kong Quality Assurance Agency, the Group won the
"Pioneering Organization in ESG Disclosure Enhancement" award and
"Outstanding Award for Green and Sustainable Loan Issuer".
Staying in pace with the country’s strategy to realize her “double
carbon” goals while also facing increasingly urgent business transformation
challenges, Risun Group will strive to attain its “The World’s Leading Energy
Chemical Company ? Innovation Leads to the Future” corporate vision, keep
improving green management capabilities, speed up achieving carbon emission
reduction goals and integrate sustainable development and ESG concepts into its
industrial chain. It aspires to open a new chapter in green development for the
coking industry.
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