(8 Dec 2023, Hong Kong) — CIMC Enric Holdings Limited and its subsidiaries (collectively, “CIMC Enric” or “Company”) (Hong Kong stock code: 3899.HK) announce that the Company will join hands with Yabuli China Entrepreneurs Forum (Yabuli CEF) to participate in the 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC) in Dubai, UAE. On Saturday, 9 December, local time, Mr. Yang Xiaohu, the Executive Director and President of the Company will participate in the "Renewable Energy and the New Paradigm of Human Economic Growth” side event sponsored by the Ministry of Ecology and Environment of China at the China Corner of the Blue Zone. As a guest speaker, Mr. Yang Xiaohu will join theme discussion of “Critical Decade: Global Economic Deep Decarbonisation with Breakthroughs in Next Generation Renewable Energy Techonologies”, to demonstrate the Company’s commitment and practice in supporting decarbonisation, combating climate change and contributing to building a sustainable future for the global community.
Mr. Yang Lei, an independent non-executive director of the Company, was also invited by COP28 to participate in the China Corner themed side event series. Mr. Yang Lei is currently the Vice President of the Institute of Energy of Peking University and the Chairman of the Coordination Committee of the International Gas Union. He has over 25 years of strategic research and practical experience in the areas of China's clean energy transition, market-oriented energy market reforms, and global energy governance. Mr. Yang Lei had served as the first Senior Advisor from China to the Executive Director of the International Energy Agency (IEA), representing the Chinese government to participate in global energy governance, amplifying China's voice on the international stage, contributing to the positive evaluation of China's energy achievements globally, establishing a good relationship with the IEA, and carrying out a large number of energy strategy co-operation studies. The Institute of Energy of Peking University, which he co-founded, has played a significant role in promoting energy transition and carbon neutrality domestically and abroad.
Addressing climate change is a common cause for all humankind. As a leading company in the energy, chemical and environment, and liquid food equipment intelligent manufacturing industries, CIMC Enric deeply understands the importance of achieving the global Net-Zero targets. The Company consistently adhered to the mission of “promoting energy cleaner, fostering sustainable environments and making our lives better” which we regard as our unshirkable social responsibility to help our global customers, partners, governments, and communities in their pursuit of clean development and decarbonisation. Under the guidance of the sustainable development strategy of “scientific and technological innovation, intelligent interconnection, growth with quality, and building comprehensive service capabilities for clean energy integration”, the Company promotes the substitution of high carbon energy by clean energy through clean technology innovation, intelligent manufacturing of core equipment, and integrated solutions and assists customers in various industries to realise the breakthroughs in zero-carbon energy application scenarios and to achieve the dual-carbon goal. Moreover, the Company is deeply committed to developing business layout and demonstration projects in the fields of the whole industrial chain and overall solution of hydrogen “Production, Storage and Transportation, Refuelling and Application”, industrial by-product gas to hydrogen co-production LNG, the production and supply of green methanol.
In addition, the Company has integrated the sustainable development governance strategy of “promoting climate-friendly practices, advancing scientific and technological progress, fostering intelligent manufacturing, encouraging product innovation, adopting a people-oriented approach, and achieving multi-win-win outcomes” into its daily operations and has paid great attention to the establishment and development of the internationally unified sustainability disclosure standards. As ISSB has become the global benchmark for sustainability disclosure, the Company has conducted a thorough assessment against the Climate Disclosure Framework (TCFD), actively engaging in climate change initiatives, identifing potential climate risks and further refining risk response measures, and integrating the transformation opportunities presented by climate change into its future business development strategy to enhance the Company's resilience and adaptability towards climate-related challenges.
It is worth mentioning that recently CIMC Enric’s ESG rating was upgraded by MSCI to AA from BBB, which is currently the highest rating in China's industrial machinery industry, which is the only AA rating of its kind within China and is in global industry leader postition. Previously, the Company’s ESG rating was also upgraded to AA by Wind ESG, ranking first among its peers in the Greater China region, and was selected as one of the “2023 Wind Top 100 Listed Companies in China for Best ESG Practices”.
The Executive Director and President of CIMC Enric, Mr. Yang Xiaohu, said, “The coming decade will be a critical period for both international communities and China to expedite their response to climate change. And the journey towards achieving net zero will be full of opportunities and challenges. However, by steadfastly staying on course, we are certain to reach our destination. CIMC Enric is willing to work hand in hand with global partners to build a green and mutually beneficial future through sustainable technological innovation, intelligent manufacturing, and business practices.”
About COP28
The United Nations Climate Change Conference (COP) is a group of countries that have signed the United Nations Framework Convention on Climate Change (UNFCCC), which was established in 1992 and entered into force on 21 March 1994. Its ultimate goal is to prevent “dangerous” anthropogenic interference with the climate system. Today, almost all countries in the world are Parties to the Convention. Each year, the Parties meet to measure progress and negotiate a multilateral response to climate change. The Convention provides the basis for international climate negotiations, including landmark agreements such as the Kyoto Protocol (1997) and the Paris Agreement (2015).
The 28th United Nations Climate Change Conference (COP28) is held in Dubai, UAE, with over 100,000 participants from around the world, making it the largest ever. The number of Chinese participants applying for COP28 through the Ministry of Ecology and Environment (MOE) is over 2,000, 10 times higher than in 2022 and the largest ever. COP28 will be a key meeting for global climate action. In contrast, previous conferences emphasised more on what parties and governments need to do; this year's conference will emphasise more on the important role of business in combating climate change.
