SANY's 2024 ESG Report: Paving the Way for Green Innovation and Sustainable Growth

SANY Heavy Industry has unveiled its Environmental, Social, and Governance (ESG) report for the year 2024, showcasing the company's groundbreaking efforts in promoting clean energy development, environmentally-friendly production, and social responsibility. This strategic document outlines how SANY has stepped up its initiatives with a robust investment amounting to 520 million Yuan (approximately 72.12 million USD) in environmental protection, emphasizing its commitment to fostering high-quality industry development driven by green innovations.

Commitment to Clean Energy and Eco-Friendly Production

For 2024, SANY has undertaken a multitude of projects aimed at energy savings and consumption reduction. Among the significant achievements, the company has effectively reduced carbon emissions throughout its operations, saving approximately 0.32 billion Yuan (around 44.38 million USD) in energy costs. Furthermore, SANY has equipped 21 of its subsidiaries with photovoltaic systems, utilizing 76.072 million kWh of clean energy, which constitutes 13.8% of its total energy consumption.

SANY has also made substantial strides in cutting down emissions. The Volatile Organic Compounds (VOC) emissions density for 2024 registered at 14.47 tons per million Yuan in revenue, reflecting a notable decrease of 17.9% compared to the baseline year of 2021. Rigorous controls over Chemical Oxygen Demand (COD) and ammonia nitrogen emissions have resulted in a COD emission intensity from wastewater of 0.34 tons per million Yuan in revenue, marking an impressive reduction of 84.5% since 2021.

Looking ahead, SANY plans to further enhance its investment in R&D of clean technologies and modernization of production facilities to generate more efficient energy utilization solutions.

Workplace Safety and Employee Well-Being

Employee health and safety are paramount at SANY. In 2024, the company ensured that 89% of its overseas workforce comprises local employees, with women making up 12% of management roles. The company launched a 550 million Yuan (76.23 million USD) employee stock ownership plan benefiting 6,241 individuals, amid conducting 485 training sessions attended by 93% of its employees. Noteworthy is that SANY has organized health and safety training sessions, reaching a cumulative participation of 176,441 individuals, with a minimal annual injury rate of 1.78 per thousand employees and zero occupational illnesses.

In terms of corporate social responsibility, SANY has actively contributed to societal welfare, donating approximately 18.16 million Yuan (2.52 million USD) to various charity funds, accumulating a total of over 340 million Yuan (47.16 million USD) in social investments. The company conducted 143 charitable activities, focusing on education, disaster relief, and rural revitalization efforts.

Digitally Driven ESG Strategy

With the aim of advancing its ESG governance framework, SANY optimized its board-level structure in 2024, holding four shareholder meetings and seven board sessions with a complete attendance rate. The establishment of an intelligent monitoring and verification platform enabled the release of 4,568 batches of early warning data alongside performing 3,754 reviews, exemplifying SANY's initiative towards achieving a fully digitalized and smart process control system.

"In 2024, we accelerated our global expansion and leveraged digital technologies to advance intelligent manufacturing and transformation while actively researching and developing new energy facilities and low-carbon products to support global sustainable development," stated Xiang Wenbo, Chairman of SANY Heavy Industry. "In the future, we aspire to take a leading role in shaping new productive capacities, including green and smart technologies, contributing to China’s dual carbon targets and global climate protection efforts."

Through these efforts and strategic initiatives, SANY Heavy Industry underlines its determination to excel in sustainable practices while pioneering advancements in the heavy industry sector, emphasizing the importance of environmental preservation for future generations.