Angel Yeast's 2024 Sustainability Report Highlights Green Innovation Commitment

Angel Yeast Unveils 2024 Sustainability Report



In a significant announcement that sets the tone for its future endeavors, Angel Yeast (600298.SH) has released its 2024 Sustainability (ESG) Report. This comprehensive document encapsulates the company's commitment to sustainable practices, providing valuable insights into their operational ethos and strategies aimed at fostering ecological innovation.

The report articulates a vision where financial growth aligns with societal benefits. As Xiao Minghua, the CEO of Angel Yeast, put it, “Growth can only be successful if it benefits society as a whole.” This philosophy is a cornerstone of their global expansion plans amid expectations of surpassing a staggering 15 billion RMB in revenue. Angel Yeast seeks to present a holistic view of its sustainability initiatives through this report, detailing their commitment to responsible corporate governance, sustainable sourcing, talent development, and innovation.

Commitment to Carbon Reduction



The year 2024 has seen Angel Yeast take commendable strides in their carbon emission reduction efforts. A concerted focus on transforming their energy structure by integrating clean energy sources has facilitated remarkable outcomes. Noteworthy is the reduction of carbon emissions by approximately 210,500 tons, bolstered by the utilization of 129,673 megawatt-hours of green electricity. This alone contributed to a decrease of 72,200 tons in carbon emissions. The company is also pioneering sustainable practices by turning fermentation by-products into agricultural resources through innovative concepts like “turning waste into treasure.” They have introduced groundbreaking microbial protein technologies that emit significantly less carbon compared to traditional proteins.

Recognizing these efforts, the company and its subsidiaries have been honored as “green factories” nationally, reflecting their deep-rooted commitment to green management along the supply chain.

Innovation and Social Responsibility



Angel Yeast's approach does not stop at environmental stewardship; it similarly emphasizes technological innovation and social responsibility. Their product development philosophy is anchored around principles of being “natural, nutritious, healthy, and delicious.” The firm’s commitment to research and development is evident with a remarkable investment of 780 million RMB, supporting a robust team of 772 specialists dedicated to technological advancement within the yeast sector. In 2024 alone, the company filed for 195 patents, of which 105 are invention patents, and received 75 patent authorizations across various technological fields related to yeast and its by-products.

Additionally, Angel Yeast’s influence extends beyond the workplace as it actively promotes social responsibility. They provide diverse development opportunities for employees, foster a positive work environment, and engage in community initiatives both locally and globally. Their efforts include job creation worldwide, support for educational opportunities for underprivileged children, and proactive engagement during natural disasters.

For those interested in a deeper dive, the full sustainability report can be accessed on Angel Yeast's official website.

In conclusion, Angel Yeast's dedication to sustainable development through innovative practices and social responsibility initiatives signifies a vital step towards a greener future. Their comprehensive approach serves as an exemplary model for corporate responsibility and showcases the critical link between business success and sustainable development.

Topics General Business)

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