CYG Achieves Annual Operational Carbon Neutrality: A Step Toward Low Carbon Development
With the recent certification of carbon neutrality for our Intelligent Industrial Park in Zhuhai High-tech Zone for the year 2023, we at CYG are excited to celebrate a major milestone in our sustainability path. This achievement marks our second consecutive year of achieving operational carbon neutrality, underscoring our commitment to low carbon development. We believe that this accomplishment reflects our dedication to environmental responsibility and may serve as an example for others in the industry.
Innovating with Renewable Energy Storage Technology
One of the cornerstones of our success in achieving carbon neutrality has been the integration of renewable energy storage technology at our industrial park. By implementing rooftop photovoltaic systems, we have harnessed solar energy to power our operations sustainably. In 2023, this innovative approach enabled us to reduce our electricity-related emissions by approximately 280 tons of CO2 compared to 2022.
The use of renewable energy storage technology allows us to store excess solar energy generated during peak sunlight hours and utilize it during high-demand periods, resulting in significant energy savings. This innovative solution not only promotes resource recycling and waste avoidance but also supports our overarching goal of low carbon development. We are proud to be actively involved in these advancements, showcasing how renewable energy can be effectively utilized within industrial settings.
Commitment to Environmental Standards
The implementation of carbon neutrality at our industrial park was meticulously carried out by our subsidiary, Changyuan Comprehensive Energy (Shenzhen) Co., Ltd. (CYG CE). Adhering to the international standard ISO 14064-1:2018, we quantified and reported greenhouse gas emissions and removals at the organizational level. Our comprehensive assessment included category 1 and category 2 greenhouse gas emissions, ensuring a thorough evaluation of our operational impact.
To ensure the credibility of our efforts, the results were verified by the esteemed third-party certification body, CTI (China Testing International), which is authorized by the China National Accreditation Service for Conformity Assessment (CNAS). Utilizing ISO 14064-3 guidelines, the verification process confirmed our commitment to transparency and accountability in our low carbon development initiatives. The final carbon neutrality results were certified according to PAS 2060, further validating our dedication to corporate sustainability.
In conclusion, achieving annual operational carbon neutrality reinforces CYG's commitment to low carbon development and showcases our leadership in renewable energy storage technology. We are proud of this accomplishment and encourage other organizations to explore similar initiatives. Together, let's build a sustainable future that benefits both our businesses and the environment. Choose CYG as your partner in innovation and sustainability.
