Asia Cement Corporation (China) Writes a New Chapter in Green and Smart Development

        Against the backdrop of accelerated global climate governance, Asia Cement Corporation (China) takes ESG philosophy as its strategic core, deepens green transformation, and promotes coordinated development of the economy, society, and environment. In 2024, the company will anchor the guidelines of the Baku Climate Solidarity Pact and systematically promote sustainable development practices around clean energy transformation and low-carbon goals.

                1、 Facing global challenges and deepening sustainable development strategies

        Faced with the complex environment of geopolitical conflicts and climate risks, Asia Cement Corporation (China) takes "forward-looking layout and technology driven" as its strategic pivot to build a resilient development model.

        Technological innovation, as the core driving force for enterprise development, has been deeply integrated into the strategic layout of Asia Cement Corporation (China). In the field of "digital technology", the company is accelerating the digital transformation of the industry, relying on cutting-edge technologies such as artificial intelligence and the Internet of Things (IoT) to achieve dual breakthroughs in production efficiency optimization and energy conservation and emission reduction goals. In the field of "green technology", we will focus on key directions such as carbon capture and storage (CCUS), circular economy technology, and clean energy research and development, continuously increase investment, drive low-carbon transformation through technological innovation, and provide benchmark demonstrations for industry green upgrading.

        Sustainable development is not only the long-term strategic foundation of Asia Cement Corporation (China), but also the core path for enterprises to achieve long-lasting success. We always integrate ESG into the entire decision-making process to ensure the organic unity of economic, social, and environmental goals.

        2、 Improve ESG governance system, consolidate talent and organizational foundation

        To strengthen the governance capacity for sustainable development, Asia Cement Corporation (China) has established a "Corporate Sustainability Committee" under its board of directors to coordinate the formulation and supervision of ESG strategies; Simultaneously establish the 'Corporate Sustainability Promotion Committee', with the CEO serving as a Section Chief member, to comprehensively promote the implementation of ESG goals. Ensure efficient penetration of ESG concepts into all business processes through a dual level governance mechanism.

        Talent is the core asset of sustainability development for enterprises. Asia Cement Corporation (China) adheres to the talent strategy of "professionalism oriented and diversified empowerment", systematically cultivating employees' cross disciplinary skills, including international communication ability and artificial intelligence technology application ability, to meet the needs of future industrial transformation. At the same time, by optimizing the salary incentive mechanism and improving career development channels, we will continue to enhance employees' sense of belonging and creativity. The company also dynamically adjusts its organizational structure and management system to ensure a high degree of synergy between its governance system and strategic goals.

        3、 Practice green manufacturing and lead the industry's low-carbon transformation

                Asia Cement Corporation (China) uses technological innovation as an engine to comprehensively promote the upgrading of green production models and achieve new breakthroughs in low-carbon development.

        In terms of reducing carbon emissions at the source, we replace traditional raw materials with industrial waste such as copper slag, phosphorus slag, tailings, coal slag, slag, papermaking white mud, industrial by-product gypsum, etc., significantly reducing natural resource consumption; Simultaneously promoting the research and development of biomass alternative fuels, the carbon emission intensity will decrease by 7.68% year-on-year in 2024.

        In terms of reducing carbon emissions in the production process, we have partnered with Asia Cement Corporation's Hualien plant and Ding&Ding Management Consultants to create an intelligent energy management system that can monitor energy consumption in the production process in real-time. By 2024, we aim to achieve a reduction of 1.3375 million tons of carbon dioxide equivalent emissions. The system will be further extended to areas such as logistics management and quality control, comprehensively improving operational efficiency and environmental standards.

        In terms of pollutant reduction, we innovatively apply ultra-low emission technologies such as low nitrogen combustion and composite desulfurization to achieve synergistic reduction of nitrogen oxides, sulfides, and greenhouse gases, successfully creating a green factory benchmark and creating a safe and healthy working environment for employees.

        4、 Practice social responsibility, co create and share development achievements

        As a responsible enterprise, Asia Cement Corporation (China) has always adhered to the core concept of "taking from society and giving back to society" while pursuing economic benefits, actively practicing corporate social responsibility.

        In creating a happy workplace, we establish an employee care system, adhere to sharing the achievements of enterprise development with employees, provide good salary and benefits, systematic career development planning, caring humanistic care, and a safe and healthy working environment. We are committed to establishing a harmonious relationship of mutual respect, mutual trust, and common growth with our employees, and enhancing their sense of happiness and belonging.

        In terms of assisting in the reconstruction of disaster areas and rural revitalization strategies, we fully leverage the advantages of cement enterprises and fully allocate resources to support the reconstruction work in disaster areas. At the same time, efforts are being made to promote the improvement of rural infrastructure construction in places such as Jiujiang in Jiangxi and Pengzhou in Sichuan, contributing to rural revitalization.

        In terms of focusing on vulnerable groups and supporting education and cultural undertakings, we continue to pay attention to the needs of surrounding communities and provide assistance to vulnerable groups within our capabilities. In 2024, we will give back over CNY 7.73 million to society, supporting public welfare undertakings such as education, culture, and poverty alleviation. In the future, we will continue to pay attention to the development of these fields and contribute to creating a green home.

        5、 Looking ahead to the future: towards a new era of green and intelligent development

                In 2024, Asia Cement Corporation (China) achieved phased results in the ESG field, but the road to sustainable development is still long and arduous. We will continue to uphold the spirit of the group's founding and steadfastly move forward.

        In the future, we will deepen the integration of digital and green technologies, accelerate the application of AI, big data, and clean technologies, and create a smart low-carbon industrial chain; We will strengthen global collaboration, align with international ESG standards, introduce advanced technology and management experience, and enhance global competitiveness; We will continue to improve the responsibility ecosystem, optimize the ESG governance system, expand the coverage of social responsibility, and promote win-win outcomes for all stakeholders.

        Looking ahead to the future, we firmly believe that with the unremitting efforts of all employees and the strong support of all sectors of society, Asia Cement Corporation (China) will take innovation as the engine and responsibility as the cornerstone, work together with employees, partners, and society to write a new chapter of green and intelligent development, and contribute to the harmonious coexistence of humanity and nature. (This article is reproduced from the Chairman's Report on the 2024 Environmental, Social and Governance Report of Asia Cement Corporation (China) Holdings)

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