Kunlun Energy Company Limited

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023

In its 2023 reporting, Kunlun Energy Company Limited disclosed greenhouse gas emissions of 1.6M tCO2e/year. By scope: Scope 1: 373.8K tCO2e/year; Scope 2: 1.1M tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.

💨
GHG Emissions
1.6M tCO2e/year
2023
⚡
Renewable Energy
10.82%
of total energy
💧
Water Usage
501.0K m3/year
2023
♻️
Waste
7.4K tons/year
2023
⚙️
Energy Use
2.9M MWh/year
2023

📊 Emissions by Scope (2023)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).373.8K tCO2e/year
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.1.1M tCO2e/year

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Lower methane emissions intensity by 3% compared to 2023
  • Lower CO2 emissions intensity by 3% compared to 2023
  • Conserve energy no less than 1,100 metric tons of standard coal
  • Conserve water of 5,000 metric tons

📅 Medium-term

  • Lower methane emission intensity by 40% compared to 2020 by 2040
  • Lower CO2 emissions by 40% compared to 2020 by 2040

🔭 Long-term

  • Achieve "net zero" emissions by 2050

🌱 ESG Focus Areas

Green and low-carbon developmentHealth and safetyTalent developmentProduct responsibilityCompliant governance

⚠️ Challenges & Risks +

  • Conflict between the need for carbon-neutral energy transformation and the steady growth of natural gas demand
  • Ageing equipment, safety hazards and weak control in LNG facilities
  • Typhoon Talim affecting gas supply in Hainan
  • Potential supply constraints in the upstream gas transmission pipelines during the winter peak season

📋 Report Information

Reporting Period: 2023
Frameworks: ESG Reporting Guide, GRI Sustainability Reporting Standards, IFRS Sustainability Disclosure Standard, Index System for ESG Reports on listed State-Owned Enterprises
Assurance: Hong Kong Quality Assurance Agency