- Climate change risks
- Supply chain disruptions
- Maintaining high ethical and professional standards in a complicated and rapidly changing world economic landscape
- Preventing bribery, extortion, fraud and money laundering, and anti-unfair competition
- Protecting against all forms of corruption and breaches of business ethics
- Managing risks associated with overseas operations
CITIC Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, CITIC Limited disclosed greenhouse gas emissions of 50.9M tonnes (Advanced Materials). By scope: Scope 1: 48.6M tonnes (Advanced Materials); Scope 2: 4.1M tonnes (Advanced Materials). 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
50.9M tonnes (Advanced Materials)
2023
Renewable Energy
5,800,541.02 MWh (Advanced Materials)
of total energy
Water Usage
60.2M m3 (Advanced Materials)
2023
Waste
2.7M tons (Advanced Materials)
2023
Energy Use
161.1M MWh (Advanced Materials)
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). | 48.6M tonnes (Advanced Materials) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 4.1M tonnes (Advanced Materials) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 50.9M tonnes (Advanced Materials) |
| 2022 | 48.6M tonnes (Advanced Materials) + 728458.49 tonnes (Advanced Intelligent Manufacturing) + 236624.99 tonnes (Comprehensive Financial Services) + 128318.24 tonnes (New Consumption) + 426210.30 tonnes (New-type Urbanisation) + 2118.08 tonnes (Headquarters) |
| 2017 | 40.9M tonnes (Greenhouse gases) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Achieved a 13% reduction in carbon emissions per unit of titanium dioxide compared with 2022 (CITIC Titanium)
- Total installed capacity of photovoltaic reached 123 MW, with an annual output of green electricity of 135 million kWh, realizing carbon reduction of about 78,000 tons (CITIC Pacific Special Steel)
- CITIC Bank’s green credit balance amounted to RMB459.022 billion, an increase of 37.40% over the end of the previous year
- CITIC Securities underwrote a total of 150 green bonds (including carbon neutrality bonds) in 2023, valued at RMB7.16 billion, ranking first in the industry
- CITIC Dicastal utilized 332,500 tons of green power aluminum in 2023
- CITIC Dicastal utilized 11,636 tons of recycled aluminum in 2023
- Jiangyin Lidian Phase V Expansion Project reduced carbon emissions by 20% and flue gas emissions by more than 20% (CITIC Pacific Energy)
- Overall iterative upgrading of Jiangsu Memstar’s heating boiler led to a 20% increase in thermal efficiency and a reduction in NOx emission concentration of more than 82% (CITIC Environment)
- Reclaimed water reuse project at the sewage treatment plant of the industrial park achieved 50% reuse of reclaimed water (CITIC Dicastal)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Achieve an 18% reduction in carbon emissions per unit of output by 2025, compared to 2020 levels
📅 Medium-term
- Achieve significant results in comprehensive green and low-carbon transformation, with the overall carbon emissions peaking and decreasing steadily by 2030
🔭 Long-term
- Achieve the comprehensive integration of a green, low-carbon and recycling industrial system and a clean, low-carbon, safe and efficient energy system, with energy utilization efficiency aligning with world-leading enterprises by 2060
🌱 ESG Focus Areas
Compliant operationsGreen developmentTechnological innovationEmployee managementCustomer serviceCommunity outreachClimate changeCarbon peaking and carbon neutralityComprehensive risk management system developmentClean technology investmentR&D investment