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SANY's 2024 ESG Report: Paving the Path for Sustainable Innovation

SANY Heavy Industry (SANY) has unveiled its much-anticipated 2024 Environmental, Social, and Governance (ESG) Report, illustrating the company’s dedication to pioneering sustainable practices within the heavy machinery sector. The report highlights SANY's significant investments and achievements in clean energy development, ecological manufacturing, and social responsibility initiatives. With an impressive budget allocation of 520 million yuan (approximately 72.1 million USD) for environmental protection efforts in 2024, SANY emphasizes its commitment to fostering high-quality industrial development driven by green innovation.

Advancements in Clean Energy and Eco-Friendly Manufacturing

In a unified effort to lessen energy consumption and carbon footprint, SANY has rolled out various energy-saving initiatives. Throughout 2024, the company not only saved costs amounting to 320 million yuan (around 44.4 million USD) through these initiatives but also installed photovoltaic power generation systems across 21 subsidiaries. Their clean energy consumption reached 76.072 million kWh, which constitutes 13.8% of the total energy usage. Significantly, SANY reported a 17.9% reduction in VOC emissions density compared to its base year, 2021.

Moreover, rigorous monitoring of COD and ammonia nitrogen emissions through revamped wastewater treatment processes resulted in a striking 84.5% drop in wastewater COD emissions. This progress reflects SANY's ongoing endeavor to enhance clean technology applications and maintain sustainable energy solutions in its production processes.

A Commitment to Employee Welfare and Social Responsibility

SANY places a strong emphasis on the welfare of its employees and the communities in which it operates. In 2024, an impressive 89% of the group’s international employees were local hires, and women held 12% of executive management positions. The company launched an employee stock ownership plan worth 550 million yuan (approximately 76.2 million USD), benefiting over 6,241 employees. Continuous training is integral to their strategy, with 485 safety and health training sessions conducted, involving 93% of the workforce. The company proudly maintained a low annual injury rate of 1.78‰, with no incidents of occupational illness reported throughout the year.

SANY actively engages in community welfare, investing approximately 18.16 million yuan (around 2.52 million USD) in public welfare funds. The company organized 143 public welfare activities focused on education, disaster relief, and rural revitalization efforts, reflecting its ongoing commitment to social stewardship.

Advancing ESG Governance through Digital Innovations

In 2024, SANY took substantial steps in refining its ESG governance structure at the board level, conducting four shareholders' meetings and seven board meetings, all with 100% attendance. It has developed a smart oversight and review platform that successfully issued 4,568 early-warning data alerts and completed 3,754 checks, demonstrating a strategic embrace of digital technology in real-time monitoring practices.

Xiang Wenbo, the President of SANY Heavy Industry, expressed optimism about the future: “In 2024, we accelerated our global expansion while leveraging digital technologies to foster intelligent manufacturing and transition. We are dedicated to researching and developing new energy-efficient equipment and low-carbon products to fuel sustainable global growth.” As SANY endeavors to lead in productivity development, it remains steadfast in its commitment to advancing green technologies while aligning with China's dual carbon goals and contributing to global climate action.

Conclusion

SANY Heavy Industry’s 2024 ESG Report showcases not only its innovative approaches to sustainability but also its unwavering dedication to creating social value. With a profound investment in clean technology and a focus on community development, SANY positions itself as a leader in driving impactful change within the heavy industry sector. As the company continues to implement and expand its sustainable practices, it paves the way for a greener future, reinforcing the significance of corporate responsibility in today’s world.