Longi(SH:601012) Jing Ji Guan Cha Wang·2025-11-21 05:57Core Insights - Longi Green Energy has released its "2024-2025 Climate Action White Paper," outlining its strategic ambition to achieve net-zero emissions across its entire value chain by 2050, aligning with international disclosure frameworks [1][2] Group 1: Emission Reduction Goals - Longi aims to reduce Scope 1 and Scope 2 emissions by 60% and Scope 3 emissions intensity by 52% by 2030, compared to 2020 levels [2] - The company plans to cover all production and operational sites with charging facilities by 2030 [2] - In 2024, Longi's total operational carbon emissions are projected to be 3,184,782 tons of CO2 equivalent, a 23.8% increase from 2020 but a 37% decrease from the peak in 2023 [2] Group 2: Energy Structure Optimization - In 2024, Longi plans to use 4.746 billion kWh of renewable electricity, accounting for 47.5% of total electricity consumption, an increase of 5.7 percentage points from 2020 [3] - The company aims to achieve 70% renewable electricity usage by 2027 and 100% by 2028 [3] Group 3: Supply Chain and Product Carbon Footprint - Scope 3 emissions account for nearly 90% of Longi's total value chain emissions, with 27.34 million tons of CO2 equivalent projected for 2024 [4] - Longi has initiated a "Green Supply Chain Partner Empowerment Program" to encourage 50 suppliers to conduct carbon audits [4] - The company achieved 53 carbon footprint certifications for its products in 2024, with the Hi-MO 9 module's carbon footprint reduced to below 350 kgCO2e/kW [4] Group 4: Governance and Financial Planning - Longi has established a governance structure centered around its board and sustainability committee, linking climate performance to management compensation [6] - The company plans to incorporate climate strategy into its budgeting process and conduct its first ESG dual materiality assessment in 2024 [6] - Longi is transitioning from a solar product supplier to a builder and advocate of a zero-carbon energy ecosystem, showcasing its commitment to addressing climate change [6]