SANY's 2024 ESG Report: Leading the Charge for Green Innovation and Sustainability

SANY Heavy Industry (SANY) has recently unveiled its 2024 Environmental, Social, and Governance (ESG) Report, highlighting significant advancements in clean energy and green manufacturing practices. Driven by the goal of high-quality development powered by sustainable innovation, SANY has made notable investments and strides in environmental protection and social responsibility over the past year.

In 2024 alone, SANY allocated approximately 520 million yuan (approximately USD 72.12 million) towards environmental initiatives, demonstrating their commitment to fostering a sustainable industrial ecosystem. Chairman Xiang Wenbo emphasized the importance of continuous investment in research and development of clean technologies, upgrades to manufacturing facilities, and expansion into new markets, all in pursuit of enhancing clean energy product lines and solutions for efficient energy utilization.

Advancements in Clean Energy and Green Manufacturing

SANY has implemented a broad range of projects aimed at energy-saving and reducing consumption. The impact of these initiatives is reflected in SANY's substantial energy cost savings, amounting to a cumulative total of 0.32 billion yuan (USD 44.38 million). The integration of photovoltaic power generation equipment across 21 subsidiaries has contributed significantly, with clean energy usage reaching 76.072 million kWh, representing 13.8% of the company's total energy consumption.

Notably, SANY has improved emission metrics remarkably, with a 17.9% reduction in Volatile Organic Compound (VOC) emissions per million yuan of revenue compared to the baseline year of 2021. Furthermore, by optimizing wastewater treatment processes and employing online monitoring systems, SANY has achieved an impressive 84.5% decrease in the intensity of Chemical Oxygen Demand (COD) emissions, bringing it down to 0.34 tons per million yuan of revenue.

With plans to further enhance its clean technology research and production capabilities, SANY aims to develop even more efficient energy solutions in the future.

Prioritizing Health, Safety, and Social Responsibility

Beyond environmental impact, SANY is equally dedicated to ensuring the well-being and development of its employees and supporting social welfare initiatives. A remarkable 89% of SANY's overseas workforce consists of local hires, and women represent 12% of the company's executive management. The introduction of a 550 million yuan (USD 76.23 million) employee stock ownership plan positively impacted the lives of 6,241 individuals, while training programs engaged an impressive 93% of employees through 485 training sessions throughout the year.

SANY's commitment to health and safety is evident in its training initiatives, with a cumulative total of 176,441 participants in health and safety courses. This dedication is reflected in a low annual injury rate of 1.78‰, with zero reported occupational disease injuries. In terms of social responsibility, SANY contributed around 18.16 million yuan (USD 2.52 million) to public welfare funds, with total investments in social good surpassing 340 million yuan (USD 47.16 million) over the years. SANY actively participated in 143 public welfare activities across education, disaster relief, and rural revitalization.

Intelligent Governance for a Sustainable Future

To ensure the success of its ESG strategy, SANY has refined its governance structure at the board level, achieving perfect attendance at four shareholders' meetings and seven board meetings in 2024. The company established an intelligent supervision and review platform, which has processed thousands of data packages and verifications to enhance its oversight capabilities.

Looking ahead, SANY recognizes the pressing global need for sustainable practices and aims to lead in the development of new productivity solutions that incorporate green and intelligent technologies. This vision aligns with China's 'Dual Carbon' goals and contributes to global climate action efforts. As Chairman Xiang Wenbo stated, SANY is committed to leveraging digital technologies for intelligent manufacturing and supporting the transition to a greener economy.

In conclusion, SANY Heavy Industry's 2024 ESG Report positions the company at the forefront of environmental stewardship, showcasing the commitment to sustainable progress through innovative practices in clean energy and social responsibility. The initiatives highlighted in the report not only underscore SANY's leadership in the industry but also its dedication to creating a better tomorrow for all.