CNRE(600111) 新浪财经· Xin Lang Cai Jing·2025-05-09 06:46Core Viewpoint - The green transformation of the mining industry, particularly in rare earth mining, is crucial in the global response to climate change, with significant attention on the environmental impacts of extraction and production processes [1]. Group 1: ESG Reports and Sustainability - The five major domestic rare earth companies, including China Rare Earth (000831.SZ), Northern Rare Earth (600111.SH), Shenghe Resources (600392.SH), Xiamen Tungsten (600549.SH), and Guangsheng Nonferrous (600259.SH), have released their 2024 ESG reports, covering sustainability information related to energy consumption, climate change, and environmental and social indicators [1]. - Xiamen Tungsten's ESG report is the longest at 204 pages, while Shenghe Resources has the shortest at 85 pages, with the others being Northern Rare Earth (150 pages), Guangsheng Nonferrous (118 pages), and China Rare Earth (100 pages) [1]. - All five companies disclosed their total greenhouse gas emissions, including Scope 1 and Scope 2 data, which are essential for understanding their environmental impact [1]. Group 2: Greenhouse Gas Emissions - Northern Rare Earth has the highest total greenhouse gas emissions at 104.07 thousand tons of CO2 equivalent, followed by Xiamen Tungsten (79.06 thousand tons), Shenghe Resources (21.4 thousand tons), Guangsheng Nonferrous (4.38 thousand tons), and China Rare Earth (3.89 thousand tons) [3][4]. - Year-on-year, Northern Rare Earth experienced the highest increase in emissions, rising over 100%, while Shenghe Resources increased by approximately 62%, China Rare Earth by 26%, and Xiamen Tungsten by 17%. Guangsheng Nonferrous was the only company to report a decrease in emissions, with an 8% reduction [6][4]. - The increase in Northern Rare Earth's emissions is attributed to a significant rise in Scope 2 emissions due to increased electricity purchases, which rose by 10.8% to 81.97 million megawatt-hours [6][4]. Group 3: Water and Environmental Management - Xiamen Tungsten reported the highest wastewater discharge at 437 million cubic meters, followed by Northern Rare Earth (171.99 million cubic meters), Shenghe Resources (71.88 million cubic meters), and China Rare Earth (35.4 million cubic meters). Guangsheng Nonferrous disclosed only its industrial wastewater discharge of 102.98 million cubic meters [8]. - The companies also reported their R&D and environmental investment, with Northern Rare Earth investing the most at 6.48 billion yuan, followed by Xiamen Tungsten (1.27 billion yuan) and others [8][9]. Group 4: Carbon Reduction Initiatives - All five companies have disclosed specific actions for carbon reduction, such as Northern Rare Earth's carbon emission verification and product carbon footprint certification, and the establishment of a distributed photovoltaic power station [10]. - Xiamen Tungsten's subsidiary has built a photovoltaic power station and prioritized purchasing clean energy, achieving a total installed capacity of approximately 6 MW by the end of 2024 [10][12]. - Guangsheng Nonferrous has implemented natural gas rotary kiln modifications, resulting in significant reductions in natural gas consumption and CO2 emissions [10].