GlobalData offers a comprehensive analysis of Tsingtao Brewery, 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 Tsingtao Brewery‘s ESG performance. GlobalData’s company profile on Tsingtao Brewery 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.
Tsingtao Brewery, a leading brewery in China, is committed to achieving carbon peak and neutrality, thereby promoting sustainable development. The company recognizes the importance of environmental protection, low-carbon management, and circular economy measures in achieving its goals. Tsingtao Brewery aims to achieve a balance between production efficiency and ecological development, ensuring a harmonious coexistence with nature. In 2022, the company reported the scope 1 emissions amounted to 188,948 tonnes of CO2e, scope 2 emissions amounted to 555,148 tonnes of CO2e, and scope 3 emissions amounted to 5,289,280 tonnes of CO2e.
In terms of greenhouse gas emissions, Tsingtao Brewery has made significant progress in reducing its carbon footprint. The company has reported a reduction in emissions of nitrogen oxide (NOx), sulfur dioxide (SO2), and smoke. Compared to 2021, Tsingtao Brewery achieved a 36% reduction in NOx emissions, a 55% reduction in SO2 emissions, and a 28% reduction in smoke emissions in 2022. In 2022, both direct and indirect greenhouse gas emissions (Scope 1 and 2 combined) decreased by 8% year-on-year. Additionally, the water consumption per unit of beer produced reduced by 6% compared to the previous year. These reductions demonstrate the company's commitment to environmental protection and emission reduction.
To achieve its carbon peak and neutrality targets, Tsingtao Brewery has implemented various measures. The company has focused on waste gas management, waste discharge reduction, and green development. Tsingtao Brewery has installed online monitoring equipment for waste gas emissions and has set targets for emission reduction. The company also promotes green manufacturing and aims to achieve carbon peak and neutrality goals in industrial fields. Additionally, Tsingtao Brewery has implemented projects for energy conservation and carbon reduction, including the electrification of heat pumps and the use of renewable energy.
Tsingtao Brewery is dedicated to sustainable packaging and waste management. The company follows the principles of reduction, reuse, and recycling and has implemented measures to reduce waste discharge and optimize waste management processes. Tsingtao Brewery is committed to creating sustainable packaging and promoting waste recycling.
In conclusion, Tsingtao Brewery is actively working towards achieving its carbon neutrality targets and reducing its greenhouse gas emissions. The company has implemented various measures to reduce emissions, promote sustainable development, and optimize waste management. Tsingtao Brewery's commitment to environmental protection and low-carbon management demonstrates its dedication to creating a better and more sustainable world.