GlobalData offers a comprehensive analysis of Kunlun Energy, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Kunlun Energy‘s ESG performance. GlobalData’s company profile on Kunlun Energy offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Kunlun Energy, a leading integrated green energy provider, has set target for net zero by 2050. The company endeavors to reach the peak of CO2 emissions and reduce methane emissions intensity by 20% by 2030 compared to the levels recorded in 2020. Moving towards 2040, the goal is to decrease CO2 and methane emissions intensity by 40%, relative to the figures from 2020. Additionally, by 2025, the objective is to accomplish a low-carbon transformation for 60% of eligible stations.
In terms of carbon and greenhouse gas (GHG) emissions, Kunlun Energy has made progress in reducing its environmental impact. The company's direct GHG emissions (scope 1) decreased from 480,112 tonnes in 2021 to 460,708 tonnes in 2022. Indirect GHG emissions (scope 2) increased from 987,566 tonnes to 1,096,106 tonnes during the same period. Overall, the total GHG emissions in 2022 amounted to 1,556,814 tonnes. While its GHG emissions intensity was 0.346 tCO2 -e/10,000 cubic metres.
Kunlun Energy has taken several steps to reduce emissions and achieve its net-zero targets. The company has implemented measures to optimize process control and reduce emissions, resulting in a decrease in methane emissions and improved greenhouse gas emissions intensity. Additionally, Kunlun Energy has focused on increasing greenery coverage and planting trees in its plants to mitigate its environmental impact. The company has also made investments in energy conservation and water conservation. Kunlun Energy has achieved significant reductions in water consumption intensity and energy consumption intensity, indicating its commitment to resource efficiency.
Considering global agreements such as the "United Nations Framework Convention on Climate Change" and the "Paris Agreement," along with national policies like "Responding to Climate Change: China’s Policies and Actions" and the "Action Plan for Carbon Dioxide Peaking Before 2030," the company has integrated energy conservation, carbon reduction, and other climate-related considerations into its development plans and green strategy.
In conclusion, Kunlun Energy is actively addressing climate change and working towards its net-zero targets. The company has made progress in reducing its carbon and GHG emissions, implementing emission reduction measures, and investing in energy and water conservation. Kunlun Energy's commitment to sustainability and responsible practices positions it as a leader in the transition to a low-carbon economy.