Environmental Responsibility:
Protecting the environment for a more beautiful China

We understand that protecting the environment is one of the key elements in helping to achieve peak carbon and carbon neutrality as well as our own sustainable development. In 2021, the first year of the 14th Five-Year Plan, we have integrated the concept of green development into our diversified portfolio by providing financial solutions for the low-carbon transformation of industry. The Company is committed to promoting low-carbon transformation through investing in clean energy and disinvesting in high-energy-consuming and high-emission projects.

Performance Summary

Unless otherwise stated, the statistical scope of environmental performance in this section includes the main operating sites of the headquarters and subsidiaries in Mainland China, Hong Kong, Macao and Taiwan. The operating sites in other regions will be added to the statistical scope in due course in the future.1

Headquarters

Indicator

Year 2021

 

Air emissions

Nitrogen oxide (NOx) emissions (tonnes)

0.01

 

Sulphur dioxide (SO2) emissions (tonnes)

0.001

 

GHG emissions

Total GHG emissions (Scope 1 and 2) (tonnes)

2,154.91

 

GHG emissions per capita at headquarters (tonnes/person)

4.95

 

Direct GHG emissions (Scope 1) (tonnes)

117.18

 

Gasoline

117.18

 

Indirect GHG emissions (Scope 2) (tonnes)

2,037.73

 

Purchased electricity

2,037.73

1  (1) The Company’s GHG accounting includes carbon dioxide, methane and nitrous oxide, which are mainly derived from purchased electricity, purchased steam and gasoline. The GHG accounting is presented in terms of carbon dioxide equivalents and is prepared based on the China Regional Grid Average Carbon Dioxide Emission Factors for 2011 and 2012 published by the National Development and Reform Commission of the People’s Republic of China, the latest emission factors published by the Hong Kong Electric Company Limited, the CLP Power Hong Kong Limited, the Macao Electricity Company Limited and the 2019 Refinement to the 2006 IPCC Guidelines for National GHG Inventories published by the Intergovernmental Panel on Climate Change (“IPCC”). Considering the benchmarking emission factor for the Tibetan power grid is not found and the impact of the data on purchased electricity from the operating sites in Tibet is rather small and of lower significance, for the above reasons, the purchased electricity from the operating sites in Tibet is not included in the reporting scope of GHG emissions.

(2) The energy consumption is calculated based on the consumption of electricity, steam and gasoline and the relevant conversion factors provided in the National Standard of the People’s Republic of China General Rules for Calculating Comprehensive Energy Consumption (GB/T2589-2020) .

(3) The reporting scope of the total water consumption includes the water used for offices and production. There is no issue in obtaining the applicable water sources.

(4) The total paper consumption mainly includes A4 and A3 size papers.

Headquarters

Indicator

Year 2021

 

Waste

Total hazardous waste (tonnes)

0.24

 

Hazardous waste produced per capita at headquarters (tonnes/person)

0.0005

 

Total non-hazardous waste (tonnes)

235.97

 

Hazardous waste produced per capita at headquarters (tonnes/person)

0.50

 

Energy use

Total energy consumption (MWh)

2,783.03

 

Energy consumption per capita at headquarters (MWh/person)

5.95

 

Direct energy consumption (MWh)

478.68

 

Gasoline

478.68

 

Indirect energy consumption (MWh)

2,304.35

 

Purchased electricity

2,304.35

 

Electricity consumption per capita at headquarters (MWh/person)

4.92

 

Gasoline consumption per capita at head-quarters (liters/person)

117.77

 

Use of resources

Total water consumption (m3)

22,667.00

 

Water consumption per capita at headquarters (m3/person)

48.43

 

Total paper consumption at headquarters (tonnes)

15.97

 

Comprehensive Financial Services2

Indicator

Year 2021

 

Air emissions

Nitrogen oxide (NOx) emissions (tons)

0.59

 

Sulphur dioxide (SO2) emissions (tonnes)

0.04

 

GHG emissions

Total GHG emissions (Scope 1 and 2) (tonnes)

229,134.25

 

GHG emissions per 100 million RMB of income (tonnes/100 million RMB)

61.22

 

Direct GHG emissions (Scope 1) (tonnes)

8,132.01

 

Gasoline

4,725.72

 

Diesel

39.49

 

Coal gas

27.27

 

Liquefied petroleum gas

104.62

 

Natural gas

3,234.91

 

Indirect GHG emissions (Scope 2) (tonnes)

221,002.24

 

Purchased electricity

221,002.24

 

Waste

Total hazardous waste (tonnes)

408.06

 

Total hazardous waste per 100 million RMB of income (tonnes/100 million RMB)

0.11

 

Total non-hazardous waste (tonnes)

1,911.40

 

Total non-hazardous waste per 100 million RMB of income (tonnes/100 million RMB)

0.51

 

Energy use

Total energy consumption (MWh)

350,224.53

 

Energy consumption per 100 million RMB of income (MWh/100 million RMB)

93.57

 

Direct energy consumption (MWh)

36,673.37

 

Gasoline

19,304.65

 

Diesel

150.20

 

Coal gas

203.09

 

Liquefied petroleum gas

471.64

 

Natural gas

16,543.79

 

Indirect energy consumption (MWh)

313,551.16

 

Purchased electricity

313,551.16

 

Use of resources

Total water consumption (m3)

2,750,646.44

 

Water consumption per 100 million RMB of income (m3/100 million RMB)

734.87

 

Total paper consumption (tonnes)

1,641.53

2 In this section, the reporting scope of environmental data of CITIC Securities Co., Ltd. refers to the Company’s headquarters, and the reporting scope of environmental data of CSC Securities Co., Ltd. refers to the Company’s headquarters.
 

Advanced Intelligent Manufacturing

Indicator

Year 2021

 

Air emissions

Nitrogen oxide (NOx) emissions (tonnes)

115.49

 

Sulphur dioxide (SO2) emissions (tonnes)

25.71

 

Particulate matter emissions (tonnes)

60.78

 

Wastewater

 

 

Chemical oxygen demand (COD) emissions (tonnes)

51.30

 

Ammonia nitrogen emissions (tonnes)

5.32

 

Total phosphorus emissions (tonnes)

0.37

 

Wastewater discharge (m3)

563,014.02

 

GHG emissions

Total GHG emissions (Scope 1 and 2) (tonnes)

763,696.34

 

GHG emissions per 100 million RMB of income (tonnes/100 million RMB)

1,922.89

 

Direct GHG emissions (Scope 1) (tonnes)

250,649.70

 

Gasoline

369.58

 

Diesel

1,810.14

 

Liquefied petroleum gas

681.98

 

Natural gas

247,788.00

 

Indirect GHG emissions (Scope 2) (tonnes)

513,046.64

 

Purchased electricity

480,146.19

 

Purchased steam

32,900.45

 

Waste

Total hazardous waste (tonnes)

7,706.15

 

Total hazardous waste per 100 million RMB of income (tonnes/100 million RMB)

19.40

 

Total non-hazardous waste (tonnes)

6,146.79

 

Total non-hazardous waste per 100 million RMB of income (ton/100 million RMB)

15.48

 

Energy use

Total energy consumption (MWh)

2,036,608.91

 

Energy consumption per 100 million RMB of income (MWh/100 million RMB)

5,127.93

 

Direct energy consumption (MWh)

1,278,692.15

 

Gasoline

1,509.76

 

Diesel

6,884.42

 

Liquefied petroleum gas

3,074.53

 

Natural gas

1,267,223.44

 

Indirect GHG emissions (Scope 2) (tonnes)

757,916.76

 

Purchased electricity

674,834.82

 

Purchased steam

83,081.94

 

Use of Resources

Total water consumption (m3)

2,026,730.67

 

Water consumption per 100 million RMB of income (m3/100 million RMB)

5,103.06

 

Total paper consumption (tonnes)

64.90

 

Packaging Material

 

 

Total packaging material used for finished goods (tonnes)

93,715.21

 

Amount of packaging material used per 100 million RMB of income (tonnes/100 million RMB)

235.96

 

Advanced Materials3

Indicator

Year 2021

 

Air emissions

Nitrogen oxide (NOx) emissions (tonnes)

8,094.49

 

Sulphur dioxide (SO2) emissions (tonnes)

3,180.16

 

Particulate matter emissions (tonnes)

5,430.43

 

Wastewater

Chemical oxygen demand (COD) Emissions (tonnes)

714.15

 

Ammonia nitrogen emissions (tonnes)

75.37

 

Total phosphorus emissions (tonnes)

1.12

 

Wastewater discharge (m3)

23,067,067.63

 

GHG emissions

Total GHG Emissions (Scope 1 and 2) (tonnes)

51,832,298.37

 

GHG emissions per 100 million RMB of income (tonnes/100 million RMB)

22,907.37

 

Direct GHG emissions (Scope 1) (tonnes)

49,649,886.19

 

Gasoline

1,541.78

 

Diesel

6,675.68

 

Coal gas

4,273.68

 

Natural gas

445,815.68

 

Coke

3,060,166.57

 

Coal

44,900,134.98

 

Intermediate process emissions

1,231,277.81

 

Indirect GHG emissions (Scope 2) (tonnes)

3,719,198.24

 

Purchased electricity

3,635,896.21

 

Purchased steam

83,302.03

 

Carbon sequestration products embodied emissions (deductions) (tonnes)

-1,536,786.06

 

Waste

Total hazardous waste (tonnes)

67,909.60

 

Total hazardous waste per 100 million RMB of income (ton/100 million RMB)

30.01

 

Total non-hazardous waste (tonnes)

10,495,638.79

 

Total non-hazardous waste per 100 million RMB of income (tonnes/100 million RMB)

4,638.57

 

Energy Use

Total energy consumption (MWh)

160,057,635.60

 

Energy consumption per 100 million RMB of income (MWh/100 million RMB)

70,737.74

 

Direct energy consumption (MWh)

154,522,167.46

 

Gasoline

6,303.77

 

Diesel

25,391.21

 

Coal gas

31,813.30

 

Liquefied petroleum gas

32,668.19

 

Natural gas

2,239,154.12

 

Coke

8,465,156.48

 

Coal

143,754,348.57

 

Indirect energy consumption (MWh)

5,535,468.14

 

Purchased electricity

5,324,727.16

 

Renewable electricity

382.32

 

Purchased steam

210,358.66

 

Use of Resources

Total water consumption (m3)

67,257,308.62

 

Water consumption per 100 million RMB of income (m3/100 million RMB)

29,724.48

 

Total paper consumption (tonnes)

100.03

 

Packaging Material Total packaging material used for finished goods (tonnes)

70,999.29

 

Amount of packaging material used per 100 million RMB of income (tonnes/100 million RMB)

31.38

3 In this section, CITIC Pacific Special Steel's GHG emissions and energy consumption data are calculated based on the relevant emission factors and conversion factors provided in the Methodology for Accounting and Reporting of Greenhouse Gas Emissions of Chinese Steel Producers (for Trial Implementation) issued by the National Development and Reform Commission of the People’s Republic of China.
 

New Consumption

Indicator

Year 2021

 

Air emissions

Nitrogen oxide (NOx) emissions (tonnes)

1.48

 

Sulphur dioxide (SO2) emissions (tonnes)

0.02

 

GHG Emissions

Total GHG emissions (Scope 1 and 2) (tonnes)

102,757.25

 

GHG emissions per 100 million RMB of income (tonnes/100 million RMB)

189.40

 

Direct GHG emissions (Scope 1) (tonnes)

3,139.48

 

Gasoline

2,133.65

 

Diesel

964.88

 

Coal gas

4.39

 

Natural gas

36.56

 

Indirect GHG emissions (Scope 2) (tonnes)

99,617.77

 

Purchased electricity

99,617.77

 

Waste

Total hazardous waste (tonnes)

554.15

 

Total hazardous waste per 100 million RMB of income (tonnes/100 million RMB)

1.02

 

Total non-hazardous waste (tonnes)

10,204.24

 

Total non-hazardous waste per 100 million RMB of income (tonnes/100 million RMB)

18.81

 

Energy Use

Total energy consumption (MWh)

193,881.68

 

Energy consumption per 100 million RMB of income (MWh/100 million RMB)

357.35

 

Direct energy consumption (MWh)

12,605.30

 

Gasoline

8,715.98

 

Diesel

3,669.69

 

Coal gas

32.64

 

Natural gas

186.99

 

Indirect energy consumption (MWh)

181,276.38

 

Purchased electricity

181,276.38

 

Use of Resources

Total water consumption (m3)

1,520,326.38

 

Water consumption per 100 million RMB of income (m3/100 million RMB)

2,802.18

 

Total paper consumption (tonnes)

10,372.24

 

Packaging Material

 

 

Total packaging material used for finished goods (tonnes)

4,652.30

 

Amount of packaging material used per 100 million RMB of income (tonnes/100 million RMB)

8.57

 

New-type Urbanisation

Indicator

Year 2021

 

Air emissions

Nitrogen oxide (NOx) emissions (tonnes)

110.57

 

Sulfur dioxide (SO2) emissions (tonnes)

62.40

 

Particulate matter emissions (tonnes)

47.87

 

Wastewater

Chemical Oxygen Demand (COD) Emissions (tonnes)

10,185.63

 

Ammonia nitrogen emissions (tonnes)

322.15

 

Total phosphorus emissions (tonnes)

249.22

 

Wastewater discharge (m3)

486,270,819.75

 

GHG emissions

Total GHG Emissions (Scope 1 and 2) (tonnes)

393,782.85

 

GHG emissions per 100 million RMB of income (tonnes/100 million RMB)

850.50

 

Direct GHG emissions (Scope 1) (tonnes)

17,025.42

 

Gasoline

2,772.93

 

Diesel

1,523.39

 

Coal gas

4.64

 

Liquefied petroleum gas

44.18

 

Natural gas

12,680.28

 

Indirect GHG emissions (Scope 2) (tonnes)

376,757.43

 

Purchased electricity

376,757.43

 

Waste

Total Hazardous Waste (tonnes)

34,829.55

 

The total amount of hazardous waste per 100 million RMB of income (tonnes/100 million RMB)

75.11

 

Total non-hazardous waste (tonnes)

183,727.56

 

Total non-hazardous waste per 100 million RMB of income (tonnes/100 million RMB)

396.22

 

Energy Use

 

 

Total energy consumption (MWh)

627,251.80

 

Energy consumption per 100 million RMB of income (MWh/100 million RMB)

1,352.72

 

Direct energy consumption (MWh)

82,203.74

 

Gasoline

11,327.40

 

Diesel

5,793.83

 

Coal gas

34.53

 

Liquefied petroleum gas

199.14

 

Natural gas

64,848.84

 

Indirect energy consumption (MWh)

545,048.06

 

Purchased electricity

541,373.79

 

Renewable electricity

3,674.27

 

Use of Resources

Total water consumption (m3)

13,063,821.04

 

Water consumption per 100 million RMB of income (m3/100 million RMB)

28,173.27

 

Total paper consumption (tonnes)

134.71

 

Packaging Material

 

 

Total packaging material used for finished goods (tonnes)

129.66

 

Amount of packaging material used per 100 million RMB of income (tonnes/100 million RMB)

0.28

Environmental Management

We comply fully with all environmental laws and regulations in China, including the Environmental Protection Law of the People’s Republic of China, the Law of the People’s Republic of China on the Prevention and Control of Environmental Pollution by Solid Waste, the Law of the People’s Republic of China on the Prevention and Control of Atmospheric Pollution, and the Law of the People’s Republic of China on the Promotion of a Circular Economy. CITIC Heavy Industries complies with relevant national laws and regulations and local environmental standards, such as the Regulations on Prevention and Control of Air Pollution in Henan Province and the Environmental/Occupational Health and Safety Management System Manual and Procedural Documents. CITIC Environment has developed a set of Hazardous Operations Management Regulations, a Special Equipment Management System, Chemical Management System, Emergency Response Plan for Environmental Emergencies and Waste Management System. All of these ensure the business is capable of providing systematic support for the continuous improvement of its environmental management processes. In Australia, CITIC Mining International complies with all local government environmental licensing requirements and monitors greenhouse gas emissions in accordance with the Australian National Greenhouse Gas and Energy Reporting Act 2007. Total project emissions are below the government-approved greenhouse gas emission baseline.

View of CITIC Mining International’s energy-efficient gas combined cycle power plant
 

We are focusing on meeting our dual carbon goals and have developed measurable energy saving and emission reduction plans and targets.

 

Reduction targets

CITIC Bank

set up a catalogue of green suppliers of office supplies and prioritised green suppliers when purchasing office supplies. When buying or renting offices, all branch banks are required to prioritise green buildings. CITIC Bank chose professional companies to dispose solid waste, among which electronic wastes were delivered to and were disposed by suppliers with green credentials.

CITIC Securities

will gradually replace traditional power supply with clean energy. By 2030, Beijing headquarter of CITIC Securities will be 100% powered by clean energy; E-documents for meetings will be promoted and will realise paperless office.

CITIC Special Steel

according to the Opinions on Promoting the Implementation of Ultra-low Emissions in the Steel Industry issued by relevant ministries, CITIC Special Steel is also promoting ultra-low emissions in steel enterprises,. This initiative is also in accordance with the Guiding Opinions on Promoting High- Quality Development of the Steel Industry by the Ministry of Industry and Information Technology, the Development and Reform Commission and the Ministry of Ecology and Environment. Our goal is to complete the transformation of steel industries by the mid-term of the 14th Five-Year Plan. During the 14th Five-Year Plan period, major steel manufacturers will strive for total energy consumption of 535kgce/t, with energy consumption in major manufacturing processes targeted to reach benchmarked energy efficiency values.

CITIC Heavy Industries

developed a detailed water saving plan along with a steam injection pump retrofit project designed to save an estimated 203,292 m3 of water per year. This project is scheduled for completion in May 2022.

Green Production

In our production processes, we have implemented pollution prevention and control measures and developed environmental protection technology for more efficient consumption of resources and energy.

Reducing pollution with optimized treatment measures

We balance the development of the economy and environmental protection by adopting clean production measures, including the treatment of wastewater, exhaust gas, noise and solid waste, in accordance with circular economy concepts. All hazardous and non-hazardous waste were respectively delivered and properly treated by qualified profes- sional suppliers and waste collection suppliers.

 

Initiative

Achievements

CITIC Resources

Karazhanbas oil field uses microorganism and physical chemistry to treat soil contaminated by crude oil and tries to recover the ground.

3-year plan to complete waste treatment and recover soil surface ecology.

CITIC Heavy Industries

Modification of the mechanical pump vacuum completed. The steam pump was replaced with a mechanical version, and the energy source changed from steam to electricity. Power can be switched on or off at any time to avoid steam wastage. Replacement of the traditional furnace burner with a regenerative furnace was completed, which has improved heat utilisation and reduced gas consumption.

6,820 tonnes of standard coal saved, an estimated 18,760 tonnes of carbon dioxide reduced per year.

CITIC Pacific Energy

LD Group optimised and modified units to maintain smooth flue gas flow, and added a catalyst layer to Furnace No. 8. Modification and optimisation of ammonia injection adjustments are ongoing to give Phase III and IV units a short- term deep emissions reduction capability

Nitrogen oxide emissions levels decreased compared with 2020; emissions intensity decreased by more than 30% during the emergency control period as compared with the norm.

Conservation of Resources and Energy

We continued to improve resource utilisation efficiency and reduce resources and energy wastage by strengthening our energy management, upgrading manufacturing equipment, eliminating outdated manufacturing capacity and introducing innovative new production technology.

 

Initiative

Achievements

CITIC Mining International

Introduced advanced crushing technology that feeds materials between two metal rolls of the high-pressure mill; properties of the hard materials are utilised for efficient crushing and processing.

The addition of a high pressure grinding line will reduce total unit energy consumption per wet tonne of concentrate by approximately 7%.

CITIC Resources

Modification of the C Island natural gas utilisation project at the Yuandong Oilfield completed. By converting the C4 oil well into a gas well, natural gas production capacity was increased for the steam injection boiler; consumption of crude oil for the boiler’s own use was also reduced.

The C4 well has a natural gas capacity of approximately 38,000 cubic metres per day, which saves approximately 33 tonnes of fuel oil per day by supplying it to the steam injection boiler.

CITIC Pacific Special Steel

Daye Special Steel launched a research project to improve energy use; special research projects to reduce consumption in furnaces and kilns and in refinement are under way. The upgrade of electro- hydraulic servo-hydraulic stations and energy- saving pumps has been proposed to reduce electricity consumption.

 

Qingdao Special Steel has built a new coking process rising tube waste heat recovery/100MW ultra-high temperature sub-critical power generation unit.

Gas consumption per tonne of steel rolling process decreased by 7.3% compared with last year’s target, reducing purchased electricity by 61 million kwh.

 

27,000 tonnes of standard coal saved.

CITIC Heavy Industries

An industrial wastewater treatment plant has been built with a biochemical filtration and disinfection process. The treated water will be reused for plant watering, production, dust control and other purposes.

Treatment of industrial wastewater is 220,053 tonnes per year; reuse of grey water is 186,270 tonnes, with a 99.59% grey water reuse rate.

CITIC Press

All books are packed with corrugated cardboard and unified trimmed size. Ceased to use brown papers before books are packed in cardboard box.

While keeping books intact, only 9 kinds of cardboard box are kept to minimized the packaging papers, leading the industry in terms of intensive production and purchasing cost.

Case Study: CITIC Environmental Technology Creates A Model Circular Economy Industrial Park

The Chaonan Textile Printing and Dyeing Integrated Environmental Protection Treatment Centre built by CITIC Environment in Shantou, Guangdong, is an excellent example of the six-in-one circular economy concept of industrial development in practice. In 2021 the second phase of this wastewater project went into operation, bringing its total wastewater treatment capacity to 155,000 tonnes per day. Operations within the printing and dyeing park include industrial production, sewage treatment, water reuse, centralised water supply and combined heat and power, as well as solid waste disposal. This provides a replicable model for third party managers of environmental pollution in national circular economy industrial parks.

Operations within the printing and dyeing park include industrial production, sewage treatment, water reuse, centralised water supply and combined heat and power, as well as solid waste disposal. Developed by CITIC Environmental Technology, the highly efficient MBR technology utilised allows the dyeing and printing wastewater to be treated up to discharge standards. This technology employs Ultra Filtration + Reverse Osmosis + EDI processes to recycle over 50% of the water used, saving 24 million tonnes of fresh water annually. The technology that has been developed for this plant solves many of the environmental problems faced by the printing and dyeing industry. What’s more, the combined heat and power system generates around 600,000 kWh of clean electricity per day, which can be used to treat 75,000 tonnes of printing and dyeing sludge per year.

In 2021 the Chaonan Textile Printing and Dyeing Integrated Environmental Treatment Centre provided environmental treatment services for 102 printing and dyeing enterprises in the park. In total, this amounts to a wastewater treatment capacity of over 20 million tonnes and green power generated from waste heat of more than 150 million KWh — an economic output equivalent to around RMB7 billion. The success of this printing and dyeing park contributed to the low-carbon green transformation of the local textile printing and dyeing industry.

Chaonan Textile Printing and Dyeing Integrated Environmental Treatment Centre
CITIC Green Offices

We continued to improve our office system by digitalising the printing and transmission of all non-confidential documents, presentations and other information. We have also implemented a document printing system, which includes the collection and use of consumables such as printing paper and ink cartridges. In addition, signs have been posted in the office areas of our subsidiaries to remind their staff to use water and electricity wisely and to avoid wasting food.

In line with our approach to resource sharing, CITIC Pacific has begun using the Future Business Leaders Trainee Office as a pilot location, where staff and trainees can switch to a different workstation according to their preference. Stationery, printers and other office equipment are also shared to ensure equipment is not left idle and resources are consumed efficiently.

Case Study: Creating Green Buildings at CITIC HEYE

In 2021 CITIC HEYE (the developer and manager of CITIC Tower in Beijing) stepped up its efforts to conserve resources by adopting green technology measures that make this building more energy efficient and environmentally friendly.

Retrofitting the air-conditioning system for energy efficiency
CITIC HEYE identified energy saving opportunities in CITIC Tower’s air-conditioning system to achieve a balance between energy saving and comfort. This has saved 4.073 million kWh of electricity per year and indirectly reduced carbon emissions by 2,459.9 tonnes.

Photovoltaic power generation system at CITIC Tower
 

Refining the lighting control strategy
For greater energy efficiency, we regularly communicate with our customers to refine our lighting control strategy by scenario, area and time of day, as well as overall usage requirements and energy saving needs. We subsequently adjusted the late-night lighting mode in the garage, lunch break lighting and overtime lighting in the office area, and inspection lighting mode in the lift lobby. This achieved an annual electricity saving of 1,895,000kWh and indirectly reduced carbon emissions by 1,144.7 tonnes.

Photovoltaic power generation system
The roof of CITIC Tower is equipped with a solar photovoltaic power generation system, comprising 640 CIGS of photovoltaic modules. The system covers an area of 890m2, with a total capacity of 92.8kW and an annual power generation of 70,000kWh that reduces carbon emissions indirectly by 42.3 tonnes.

Energy recovery and reuse
All lifts are equipped with a system that recovers and utilises the energy generated during the operation of lifts. Electricity is generated when the traction machine moves up under light loads and down under heavy loads. This provides an overall energy saving rate of 35.91% throughout the year, with an annual energy return of 751,000kWh and an indirect reduction in carbon emissions of 453.6 tonnes.

Green Business

We are committed to putting green concepts into practice through the development of green finance and a green supply chain, as well as investing in new energy and other emerging low-carbon businesses as new growth drivers for the Company.

Green Finance

Our Comprehensive Financial Services business is in the process of developing a full range of green financial services. At CITIC Bank, we are supporting the transformation from fossil fuels to clean energy and increasing the proportion of our loans to clean energy projects that can achieve zero carbon emissions. Our financial businesses also focus on business opportunities in areas such as new energy vehicles and energy-saving technologies. Financial support is further provided to companies that have started to reduce carbon emissions and are committed to peaking coal consumption as early as possible. Our financial businesses also support green technology innovation and clean production, as well as the green transformation of key industries.

CITIC Securities assists companies that are launching green financing projects. For the National Energy Group, Shenzhen Metro and Tiancheng Leasing in 2021, we were the underwriter of the first batch of carbon neutral green bonds, with a total issue size of RMB7 billion. We also acted as the lead underwriter for the completion of a carbon neutral green bond in the amount of RMB2 billion for the Three Gorges Group.

China Securities issued green corporate bonds for China Yangtze River Three Gorges Group, Yalong River Basin Hydropower Development Company Limited and China Railway Investment Company Limited. These bonds were for the construction of hydropower stations, green projects with reduced carbon emissions, and carbon neutral projects.

Environmental Business


Water Management
CITIC Environmental Technologies invests in the construction and operation of water projects, including those utilising its advanced membrane materials. This business has a proven track record treating industrial wastewater, municipal wastewater and drinking water using a membrane bioreactor, continuous membrane filtration and reverse osmosis technology. In 2021, a total of 51 projects treating approximately 420 million tonnes of wastewater were completed.

Energy Saving Services
CITIC Energy Conservation Technology focuses on industrial energy conservation projects, including smart control systems, waste heat and pressure utilisation, waste gas recovery, and civil and municipal energy conservation. In 2021 it carried out a smart combustion control furnace system project for Daye Special Steel and Xingcheng Special Steel. This project helped save a total of 92,110,000 cubic metres of fuel consumption and 17,853 tonnes of carbon dioxide emissions, with a total fossil energy saving value of approximately RMB16,233,000.

Solid Waste Management
Chongqing Sanfeng Environment has invested in 51 waste incineration power generation projects with a design capacity of 55,800 tonnes per day. Its technology and equipment have been used in 218 waste incineration projects and 368 incineration lines in 8 countries and Macau, with a daily treatment capacity of over 200,000 tonnes of domestic waste. The company has treated more than 57.7 million tonnes of domestic waste, equivalent to a reduction in carbon dioxide emissions of about 15.11 million tonnes, and provided over 19.6 billion kWh of green electricity.

Responding to Climate Change

Recognising that climate change will have a significant impact on our customers, investments and operations, we have incorporated climate change-related risks into our overall risk management system. CITIC Limited issued Comprehensive Risk Management Measures and incorporated climate and environment risk into the watch list, which refers to financial loss or negative impact on company entailed by material changes in policy, law, technology, and market in the process of shifting to a low-carbon economy or by contingent weather conditions or long-term climate changes.

CITIC Bank follows closely with the Paris Agreement and its policy guidelines and realised the risks and opportunities for banking sector in the climate change issue. It has identified environment and social risks associated with energy consumption, pollution, and climate change.

CITIC Securities focuses on the impact of climate change (including physical and transformational risks) contributed by companies on the external environment. The investment banking business is focused on sustainable investments in the clean energy and innovation sectors, with strategic support provided to customers in their energy transformation efforts. The asset management business invests in ESG projects and sustainability-themed assets.

CITIC Resource’s Yuedong Oilfield signed a marine environment forecasting agreement with National Marine Environmental Forecasting Center in response to material loss to offshore oilfields and their equipment incurred by extreme weather conditions. It reports twice daily to Tianshi Group about marine environment forecast (including, wind scale, wave, temperature and other marine climate data) for them to take precaution measures, including suspension, equipment fastening and staff evacuation.