December 20, 2024 – Qingxin Environmental, a leading player in the environmental protection industry, has been named to the prestigious “KPMG China ESG 50 2024” list, an accolade recognizing outstanding corporate performance in environmental, social, and governance (ESG) practices. The company’s exceptional achievements in technological innovation, sustainable development, and societal impact earned it a spot on the “Technological Empowerment of ESG” category.
The KPMG China ESG 50 program celebrates enterprises and institutions that demonstrate leadership in ESG efforts. The 2024 edition featured six main categories: Green and Low-Carbon Pioneer, Sustainable Supply Chain Pioneer, Green Finance Pioneer, Outstanding Social Pioneer, Corporate Governance Pioneer, and Technological Empowerment of ESG. The Technological Empowerment of ESG category specifically highlights organizations that leverage advanced technology and services to drive sustainable development, utilizing their resources, influence, and innovation to create a positive environmental and social impact.
A Legacy of Innovation and Commitment to Sustainability
For over 20 years, Qingxin Environmental has been at the forefront of China’s environmental protection industry. The company has steadfastly adhered to the principles of sustainable development and technological innovation. Their work in atmospheric governance has been particularly noteworthy. Qingxin Environmental has achieved significant milestones in the domestic development of flue gas treatment technologies for coal-fired power plants, significantly contributing to China’s efforts to combat air pollution and smog.
One of Qingxin Environmental’s key technological breakthroughs is its sulfur dioxide removal (wet desulfurization) technology, which has been successfully implemented at the Jingneng Wujianfang Power Plant. This facility has now become the world’s first zero-water consumption power plant, thanks to Qingxin’s innovative approach that eliminates the need for water in its flue gas treatment process.
Advancing the Water Sector with Low-Carbon Solutions
In the field of water management, Qingxin Environmental has pushed the boundaries of innovation with its “Water + Photovoltaic” projects. These projects combine wastewater treatment facilities with photovoltaic (solar) power generation, allowing plants to generate renewable energy for self-consumption while surplus energy is fed back into the grid. This model not only reduces carbon emissions but also enhances energy efficiency across Qingxin’s water treatment operations.
Furthermore, the company’s efforts to integrate energy-saving solutions into industrial parks are gaining traction. The “Fengyuan Carbon Plant Supporting Flue Gas Cooling and Environmental Integration Investment Construction Project” is a prime example of Qingxin’s commitment to reducing pollution and carbon emissions in industrial areas, achieving synergy between industrial operations and environmental protection.
A Strong Governance Framework to Support Sustainable Growth
Qingxin Environmental is a state-owned enterprise with a mixed-ownership structure and is publicly listed. The company firmly believes in the importance of strong corporate governance to ensure long-term success. By adhering to principles of leadership through the Party, deepening its sustainable development strategies, and creating a robust compliance system, Qingxin has continuously enhanced its governance practices. The company has also worked to improve its organizational efficiency and management effectiveness, setting a high standard for ESG implementation within the industry.
Looking forward, Qingxin Environmental remains dedicated to advancing ESG initiatives, with a particular focus on enhancing environmental management, social responsibility, and governance practices. The company plans to align its operations with the recently released “Corporate Sustainability Disclosure Standards – Basic Guidelines (Trial)” issued by the Ministry of Finance and nine other government departments. This framework will provide guidance on the comprehensive disclosure of ESG data, enabling enterprises to better track and communicate their sustainability performance.
Supporting a Green and Fair Future
Qingxin Environmental’s vision is clear: to support a green, fair, and sustainable future for society. With continued investment in technological innovation, the company will not only bolster its own growth but also contribute to the broader goal of achieving a low-carbon and sustainable economy in China.
As Qingxin Environmental continues to set an example in ESG excellence, the company remains committed to pushing the boundaries of what is possible in the environmental sector. The recognition from KPMG China underscores Qingxin’s leadership role in driving the transformation towards a more sustainable future, making it a model for other enterprises in China and beyond.
The recognition of Qingxin Environmental in the “KPMG China ESG 50 2024” list is a testament to the company’s unwavering commitment to environmental protection, social responsibility, and effective governance. By leveraging innovative technologies and aligning its operations with global sustainability trends, Qingxin is not only leading the way in the environmental industry but is also shaping the future of ESG practices in China and beyond.
With this honor, Qingxin Environmental reaffirms its position as a key player in the global movement towards a more sustainable and equitable future.
