On April 29, CR Power released its 2020 Sustainable Development Report, the company's 11th Annual Sustainable Development Report. The report, which systematically disclosed ideas, actions and achievements of CR Power in environmental, social and governance areas over the past year, was comprehensively rated by the Chinese Academy of Social Sciences with the highest rating of "Five-star Excellent (Model)", the second consecutive year that the report received this rating.
In 2020, CR Power accelerated the construction of a world-class clean energy enterprise with global competitiveness. In the year, the newly equity installed capacity of grid-connected wind power and photovoltaic power was 4,447 megawatts, a record high; The proportion of renewable energy operating equity installed capacity increased from 13.1% in 2015 to 25.9% in 2020. During the "14th Five-Year Plan" period, the company strives to add 40 million kilowatts of renewable energy installed capacity, and plans to make the proportion of renewable energy installed capacity more than 50% by the end of 2025. By 2020, the coal-fired power generating units of CR Power have achieved 100% ultra-low emissions, and the first multi-thread international carbon capture test platform based on coal-fired power plants in Asia has successfully captured more than 10,000 tons of high-purity carbon dioxide, accumulating valuable practical experience for the research and application of carbon capture and storage technology.
Since 2020, in the face of the sudden outbreak of COVID-19 epidemic, CR Power has actively implemented measures to prevent the epidemic and ensure the supply of electricity and heat, followed the policy requirements to play its own advantages and provide material assistance to tide over the difficult times, done a good job of resuming work and production and steady growth, recruited 790 employees through various online and offline channels, and created employment opportunities for about 10,000 migrant workers by promoting the upstream and downstream industries. In 2020, CR Power continued to carry out wind power and photovoltaic poverty alleviation projects, helping the poor to improve their living standards and achieving sustainable poverty alleviation through supporting characteristic industries and improving infrastructure according to local conditions. During 2020, it donated about RMB 175 million of money and materials to the society.
The company positions the report as an important carrier for disclosure of compliance information, strengthening management of social responsibility, and enhancing communication among relevant parties. It actively identifies and responds to issues of concern to all interested parties, including the environment, customers, partners, employees, communities, etc., and has invited the independent third party to conduct audit verification of key indicators in the report for five consecutive years.
In recent years, CR Power has been recognized by all sectors of society by promoting management and improving its ability to fulfill its responsibilities. It has won honors such as Asia Energy Awards, Hong Kong Green Awards, China Energy Quality Development Research Base, etc., and has been listed in the Hang Seng ESG 50 Index and Hang Seng Corporate Sustainability Benchmark Index. In the future, the company will continue to practice the concept of sustainable development, and create value and contribution for all relevant parties, making new contributions to the green and beautiful development of the society with practical actions.
The report can be viewed and downloaded from the website of The Stock Exchange of Hong Kong Ltd. (www.hkexnews.hk) and the official website of CR Power (www.empirepropertiesny.com/duty/kcxfzbg/).