China Resources Power Holdings Co., Ltd. (CR Power) is committed to achieving sustainable development, addressing great importance on social responsibility management, promoting social responsibility practice, and integration of social responsibility work into the company’s strategic decision-making, functional management and cultural construction. Its clear vision on social caring has gained massive attention on ESG perspective, and was hence awarded by Social Enterprise Research Academy. Here are the noteworthy approaches they have undertaken.
- “We take on corporate economic responsibilities and ensure the preservation and appreciation of assets”.
CR Power adheres to strategic guidelines, market orientation and reasonable layout, and its scale benefits continue to grow. As of the end of June 2017, China Resources Power’s total assets reached 210.475 billion HKD. Its operations cover 27 provinces, autonomous regions and municipalities across the country, and its controllable installed capacity of power generation is 42,600MW. It has also undergone in-depth development of lean management and benchmarking management; multiplied investment in technological research and transformation; improved unit efficiency, and continuous improvement of technical and economic indicators such as power supply coal consumption; optimized asset structure; carried out “one mine, one policy” and “slim fit” policies; improvement of quality and efficiency; rapid deployment of electricity sales business, accelerated expansion of international business. They strive to become a comprehensive, international energy service provider that prioritises its customers and gains trust among the public.
- Fulfill corporate environmental responsibilities and insistence on clean and sustainable development.
CR Power is accelerating the energy-saving and environmental protection upgrade and transformation of coal-fired units. At the present, all coal-fired operating units have completed desulfurization, denitrification, and dust removals, and 53 units of them with 22,483MW generation were installed with ultra-low emission devices, accounting for 85% of the total attributable operational generation capacity of affiliated coal-fired power plants, that is significantly higher than the industry average. The main energy consumption and emission indicators continue to improve. In 2019, all coal-fired power plants under its ultra-low emission transformation would be completed; the development of clean energy would be accelerated, wind power, hydropower, photovoltaic power generation, and natural gas etc. The proportion of clean energy increased to 15.8%; active innovation of business models, and successfully developed and applied technologies such as biomass coupling, sludge coupling, and recycling of municipal waste, which achieved harmless, resource-based, and reduced treatment of urban solid waste. To achieve a win-win situation between social responsibility and corporate benefits.
- Practicing corporate social responsibility and working with related parties to build a better world.
CR Power continues to improve its corporate governance and continue to create value for shareholders; operate in compliance with laws and regulations to create more job opportunities; emphasis on importance to strategic cooperation, maintain fair competition, and promote responsible fulfillment of value chain; caring for the development and life of employees, and create a good organizational atmosphere; positive engagement in public welfare undertakings, carried out activities such as student financing, poverty alleviation, rescuing of natural disaster, environmental protection, and local infrastructure construction, and participated in the construction of “town of hope” in underdeveloped areas in China.
CR Power is open-minded in responsibility fulfillment, sincere communication, and carried out activities such as “Enter China Resources Power and Feel Green Development”, “Hong Kong Youth Student Social Responsibility CR Power”, “China Resources 80th Anniversary Green Power Plant Quest Month” etc. Invitation for the general public to inspect and supervise our social responsibility work. At the same time, we proactively disclosed the effectiveness of our responsibility performance and have issued a sustainability report for seven consecutive years.