Achieving Several Low-Carbon Transition Targets Ahead of Schedule, Updating Net-Zero Roadmap
- By continuously optimising methane control management, and promoting energy conservation and emission reduction, the GHG emission intensity of the city-gas business was reduced by 28.5% compared to 2019, surpassing the target of a 20% reduction by 2030 and achieving this significantly ahead of schedule.
- The GHG emission intensity per unit of energy generated in the integrated energy (IE) business decreased by 36.5% compared to 2019 through continuous exploration and promotion of renewable energy and diversification for a cleaner energy mix. The Company is making progress toward the target of a 48% reduction by 2030.
- By improving the energy efficiency of office buildings and implementing energy conservation measures, the energy consumption per unit area of office buildings was reduced by 11% compared to 2021, exceeding the target of a 10% reduction by 2025 and achieving this ahead of schedule.
- As of 30 June 2024, the annual biomass consumption reached 1.87 million tonnes, up 273.5% from 0.5 million tonnes in 2021. The Company is making progress toward the target of 3.27 million tonnes by 2030.
- In December 2023, the Company released its first Climate-Related Financial Disclosure Report, which disclosed its progress in terms of governance, strategy, risk management, metrics and targets by referencing the Task Force on Climate-Related Financial Disclosures (TCFD) framework.
- The updated investment and financing requirements and performance management methods for key green industry projects were included in the 2024 ENN Energy Green Finance Framework, which obtained an independent second-party opinion and certification provided by S&P Global in 2024.
- Using 2019 as the baseline year, the target for GHG emission intensity of the city-gas business has been updated from a 20% reduction by 2030 to a 50% reduction. To achieve this, the Company will continue to optimise the identification of methane emission sources to achieve full coverage of Pan-Tilt-Zoom (PTZ) laser methane monitoring system in all city-gate stations and expand the application of unmanned city-gas stations to significantly reduce the energy consumption.
- The GHG emission intensity reduction target for the IE business has surpassed the halfway mark. The Company will continue to increase the supply of renewable energy, establish an energy supply model that integrates multiple clean energy sources, and intensify the exploration of the application of renewable energy and zero-carbon energy such as photovoltaic, biomass, geothermal, air, and hydrogen energy relying on the IE micro-grid, and develop customised comprehensive energy solutions for customers based on their specific needs.
- The Company remains dedicated to addressing the needs of residential users. Building upon its commitment to ensuring gas safety, the Company will continue to leverage digital solutions to deliver comprehensive services that enhance the quality of life for households, assisting in the creation of green homes.
- Using 2021 as the baseline year, the target for energy consumption per unit area of office buildings has been updated from a 10% reduction by 2025 to a 20% reduction by 2030. To achieve this, the Company will continue to replace traditional lighting fixtures with energy-saving ones in self-sustaining office buildings, actively promote paperless office, deploy energy management systems in self-sustaining office buildings, and establish an internal E-Carbon Pass System to incentivise employees to reduce GHG emissions.
- The proportion of photovoltaic power consumed in self-owned office buildings has been updated from 5% by 2025 to 10% by 2030. To achieve this, the Company will continue to leverage its strong technological advantages of IE business to increase the developable photovoltaic area in office spaces.
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About ENN Energy Holdings Limited
ENN Energy is one of the largest clean energy distributors in China. The principal business of the Group is the investment in, and the construction, operation and management of gas pipeline infrastructure, the sales and distribution of piped gas, LNG and other multi-energy products. The Group also provides customers with digital and intelligent services related to low-carbon integrated solutions and develops diversified value-added business based on customer needs. As of 30 June 2024, the Group has managed 260 city-gas projects locating in 20 provinces, municipalities and autonomous regions in China, including Anhui, Beijing, Fujian, Guangdong, Guangxi, Hebei, Henan, Hunan, Inner Mongolia, Heilongjiang, Jiangsu, Jiangxi, Liaoning, Sichuan, Shandong, Yunnan, Zhejiang, Shaanxi, Shanghai and Tianjin. The Group also develops integrated energy projects in key regions across China, and has successfully operated 332 such projects to date.
ENN Energy is a constituent of the Hang Seng Index, the Hang Seng China Enterprises Index, the Hang Seng Composite Large Cap Index, the Hang Seng ESG 50 Index, the Hang Seng Corporate Sustainability Benchmark Index and the MSCI China Large Cap Index. For more information, please visit the Group's website at http://ir.ennenergy.com/.
source: ENN Energy
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