GlobalData offers a comprehensive analysis of China Mengniu Dairy, 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 China Mengniu Dairy‘s ESG performance. GlobalData’s company profile on China Mengniu Dairy 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.
China Mengniu Dairy, a leading dairy company in China, has set ambitious GHG emission targets, aiming for carbon peak by 2030 and carbon neutrality by 2050. These targets include specific goals for GHG emissions per tonne of dairy products in different phases: by 2025, the emission intensity should be within 165kg CO2e/t, reducing further to 160kg CO2e/t by 2030 when the absolute value of scope 1 and 2 GHG emissions reaches its peak. The company emphasizes 15 key measures to promote the use of renewable and clean energy, progressively reducing the carbon footprint of its products towards achieving these long-term goals by 2050. In 2022, the Company’s total GHG emission in scope 1 and 2 was 1.43 million tonnes, and the intensity was 0.168kgCO2e/kg product.
China Mengniu Dairy is actively working towards reducing its carbon and greenhouse gas emissions. In 2022, the company successfully implemented substantial measures to reduce carbon emissions. The anticipated carbon emission was 626,000 tonnes, while the actual emission reached 660,000 tonnes, resulting in a target completion rate of 94%. The company has implemented various internal systems and procedures to manage environmental risks and promote environmental protection. It has also developed a Low-Carbon Development Plan and Carbon Emission Management Method to guide its emission reduction efforts. The company is committed to completely, accurately, and comprehensively implementing the new development concept and achieving peak carbon dioxide emissions. Scope 1 emissions refer to direct greenhouse gas emissions from burning fuels in factories, while scope 2 emissions include emissions from purchased electricity and steam. Scope 3 emissions cover indirect emissions from sources such as transportation and waste disposal.
To achieve its emission reduction targets, China Mengniu Dairy has taken steps such as investing in sustainable recycling design guidelines, implementing packaging measures, and promoting biodiversity. The company has also established administrative systems for environmental accident reporting and handling, as well as environmental management of construction projects. These measures demonstrate the company's commitment to reducing its environmental impact and promoting sustainable practices.
In conclusion, China Mengniu Dairy is actively working towards achieving its carbon neutrality targets and reducing its carbon and greenhouse gas emissions. The company has implemented various measures and systems to manage environmental risks and promote sustainability. By investing in sustainable practices and adopting emission reduction strategies, China Mengniu Dairy is taking significant steps towards a more environmentally friendly future.