- Challenging business climate due to high interest rates, high inflation, weak global demand, sluggish growth in the Chinese economy, and slow expansion in global trade
- Uneven rainfall distribution and frequent heavy rainfall posing challenges to construction operations
- Stringent global and regional regulations on greenhouse gas emissions leading to increased production costs
- Rising costs of raw materials and energy
Chun Yuan Steel Industry Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Chun Yuan Steel Industry Co., Ltd. disclosed greenhouse gas emissions of 12.7K tons CO2e/year (Scope 1 + Scope 2). By scope: Scope 1: 4.1K tons CO2e/year; Scope 2: 8.6K tons CO2e/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
12.7K tons CO2e/year (Scope 1 + Scope 2)
2023
Water Usage
86.4K m3/year
2023
Waste
11.2K tons/year
2023
Energy Use
16.1M kWh/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). | 4.1K tons CO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 8.6K tons CO2e/year |
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 | 12.7K tons CO2e/year (Scope 1 + Scope 2) |
| 2021 | 11.6K tCO2e/year (Scope 1 + Scope 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Waste recycling ratio reached 98%
- All air pollution emissions fell within the permitted discharge threshold
- No significant spills
- Energy usage at CYS fell by 6.83% in 2023
- Replaced old air compressors with estimated savings of approximately 300,813 kWh/year
🎯 Climate & Sustainability Targets
🔜 Short-term
- Zero major occupational disaster
- Reduce Frequency-Severity Index
- Reduce procurement costs
- Strengthen relationship with suppliers to ensure steady supply of materials
- Seek collaboration with new suppliers
📅 Medium-term
- Zero major occupational disaster
- Reduce Frequency-Severity Index
- Strengthen risk management plan and formulate emergency response plan
- Develop an integrated procurement strategy
- Achieve an annual energy-saving rate >1.05% between 2015-2025
🔭 Long-term
- Zero occupational injuries
- Achieve an annual energy-saving rate >1.1% between 2015-2030
- Harmonious labor-management relations without any incidence of major employee-employer disputes
🌱 ESG Focus Areas
Corporate GovernanceOccupational Health and SafetyEnergyTraining and EducationEmployee Diversity and Equal OpportunityLabor/Management RelationsEconomic PerformanceMaterialsEmissionsBiodiversityWastes