- Transition risks from increasingly stringent environmental regulations and disclosure obligations.
- Technological constraints in developing innovative low-carbon technologies.
- Funding requirements for climate change adaptation and mitigation measures.
- Market shifts towards low-carbon products and services.
- Reputational risks associated with climate change performance.
- Physical risks from extreme weather events and changes in climate patterns.
China Hongqiao Group Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, China Hongqiao Group Limited disclosed greenhouse gas emissions of 173.8M tCO2e/year (Scope 1&2). By scope: Scope 1: 256.2M tCO2e/year; Scope 2: 317.6M 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
173.8M tCO2e/year (Scope 1&2)
2023
Renewable Energy
23.04%
of total energy
Water Usage
16.7M m3/year
2023
Waste
2.7M tons/year
2023
Energy Use
223.0M 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). | 256.2M tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 317.6M tCO2e/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 | 173.8M tCO2e/year (Scope 1&2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Achieved near-zero anode effect in aluminum electrolytic baths, reducing carbon emissions by more than 750,000 tonnes/year.
- Developed Aluminum Electrolysis Integrated Copper-Carbon Composite Cathode (RuC) Technology, resulting in annual power savings of 100 million kWh and a reduction of 100,000 tonnes of carbon emissions.
- Registered two green and low-carbon aluminum brands, HQALight and HQALoop, in China and Germany.
- Successfully trial produced low-carbon aluminum cans using 100% green aluminum.
- Shandong Hongshun's recycled aluminum alloy manufacturing technology won a green and low-carbon scientific and technological achievement award.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Carbon peak by 2025
📅 Medium-term
- Achieve net-zero emissions from its own scope of operations (scope 1 and 2) by 2055.
🔭 Long-term
- Net-zero emissions from operations by 2055
🌱 ESG Focus Areas
Climate ChangeEnvironmental ProtectionSocial ResponsibilityGovernanceOccupational Health and SafetySupply Chain ManagementCommunity InvestmentTalent CultivationCircular Economy