- Economic downturn in the PRC and global economy.
- Fluctuations in demand and supply of pearlescent pigment products and synthetic mica powder.
- Inventory management challenges.
- Climate change related risks (extreme weather events, supply chain disruptions).
- Transition risks (regulatory changes, market shifts).
Global New Material International Holdings Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Global New Material International Holdings Limited disclosed greenhouse gas emissions of 83.5K tCO2e/year. By scope: Scope 1: 52.78 tCO2e/year; Scope 2: 83.5K 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
83.5K tCO2e/year
2023
Water Usage
3.3B m3/year
2023
Waste
8.5K tons/year
2023
Energy Use
130.7K MWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 52.78 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 83.5K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Accredited as a “Green Factory” by the Ministry of Industry and Information Technology of the PRC.
- CQV awarded a Gold medal by EcoVadis.
- Implemented measures to reduce air emissions, GHG emissions, and water consumption.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce air emission intensity per unit of production by about 10% by 2027.
- Reduce hazardous and non-hazardous waste disposal per unit of production by about 20% by 2027.
- Reduce water consumption intensity per unit of production by about 30% by 2027.
📅 Medium-term
- Reduce emissions by around 3% by 2026.
- Ensure Group’s GHG emissions comply with local requirements on or before 2030.
🔭 Long-term
- Achieve carbon neutrality by 2060 in the PRC.
🌱 ESG Focus Areas
Environmental ComplianceOccupational Health and SafetyChild Labour and Forced LabourCustomer SatisfactionSafety of Services/ProductsQuality of Services/ProductsBusiness EthicsIntellectual PropertySupply Chain ManagementCommunity InvestmentClimate Change