GCL TECH(03800) 中国证券报·2025-05-18 21:26Core Viewpoint - The report highlights GCL-Poly's commitment to sustainable development through its ESG practices, focusing on innovation, product diversification, and risk management to enhance its competitive edge in the photovoltaic industry [1][2][3]. Group 1: ESG Practices and Achievements - GCL-Poly's 2024 ESG report identifies three substantive issues: R&D and innovation, product diversification, and enhanced risk control [2][3]. - The company achieved a 61% reduction in carbon emissions from its FBR granular silicon compared to 2021, setting a new global industry record [1][4]. - In 2024, GCL-Poly's R&D investment reached 1.102 billion yuan, accounting for approximately 7.3% of its revenue, an increase of 1.7 percentage points year-on-year [2][3]. Group 2: Environmental Impact and Carbon Footprint - GCL-Poly's comprehensive energy consumption density decreased by 12%, greenhouse gas emissions density by 21%, and water consumption density by 23% in 2024 [3][4]. - The effective production capacity of FBR granular silicon reached 480,000 tons, saving approximately 19.5 billion kWh of electricity and reducing CO2 emissions by about 10.48 million tons [4][5]. - The carbon footprint of GCL-Poly's granular silicon was certified at 40.68 kg CO2e/kg, significantly lower than the carbon factor of traditional rod silicon [5]. Group 3: Governance and Digital Management - GCL-Poly established a three-tier ESG governance structure and implemented a sustainable development management system to enhance internal governance [6]. - The company initiated a digital transformation project management system in 2024 to integrate digital management into its business operations [6]. - GCL-Poly signed a social responsibility code of conduct with suppliers, focusing on environmental protection, labor rights, and compliance, and conducted ESG due diligence on 18 core suppliers [6].