GlobalData offers a comprehensive analysis of Harbin Electric, 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 Harbin Electric‘s ESG performance. GlobalData’s company profile on Harbin Electric 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.
Harbin Electric, a leading company in the power generation industry, is firmly rooted in the concept of sustainable development. The company prioritizes the synergy of economy and ecology, earnestly implementing the concept of green development. It diligently adheres to the Environmental Protection Law of the People's Republic of China and other pertinent national regulations. It ensures strict implementation of national environmental protection policies while actively coordinating efforts in achieving carbon peaking and carbon neutralization objectives.
In terms of carbon/greenhouse gas (GHG) emissions, Harbin Electric has made significant progress. The main pollutant emissions, including SO2, NOX, COD, NH3-N, and CO2, have been consistently controlled at a low level. In 2022, SO2 emissions were 0.03 tonnes, NOX emissions totaled 25 tonnes, COD emissions amounted to 20.95 tonnes, NH3-N emissions were 0.68 tonnes, and CO2 emissions reached 248,400 tonnes. Additionally, the emission of CO2 per RMB10,000 of output value was 0.0988 tonnes equivalent/RMB10,000, reflecting a year-on-year decrease of 5.64%.
Harbin Electric has taken several steps in its efforts to reduce its emissions. In 2022, the company actively embraced the concept of green development through tangible measures. It persistently elevated efforts in energy conservation and emission reduction, investing RMB16.73 million in these initiatives, marking a substantial year-on-year increase of approximately 40%. The company has also invested heavily in technology, with RMB1.269 billion invested in research and development in 2022. It has completed numerous research projects, developed new products, and obtained patent licenses. Additionally, the company has focused on the development of high-efficiency clean power generation equipment and the promotion of clean energy sources such as hydropower and nuclear power.
Harbin Electric has also implemented various measures to reduce energy consumption and emissions. It has upgraded high-energy-consuming devices, developed comprehensive energy management systems, and constructed photovoltaic power generation projects. The company has also implemented environmental protection policies and regulations, such as the Occupational Health and Safety Environmental Protection Management Scheme, to ensure compliance and minimize its environmental footprint.
In conclusion, Harbin Electric is focused on its sustainable development strategy and reducing its carbon/GHG emissions. The company has made significant progress in reducing emissions and has implemented various measures to promote energy conservation and environmental protection. Through investments in technology, the development of clean energy sources, and the implementation of energy-saving measures, Harbin Electric is working towards becoming a resource-saving and environment-friendly enterprise.