CYG has taken a significant step towards sustainability by conducting its first comprehensive inventory of greenhouse gas emissions. This is the first time that CYG has conducted a comprehensive inventory of greenhouse gas emissions since its establishment. The inventory focuses on subsidiaries that hold 50% or more of the shares, reflecting CYG’s commitment to leading the way towards a low carbon development path.
The Importance of Accurate Emission Reporting
In this process, CYG pursues scientific rigor, comprehensiveness, and accuracy. However, the actual inventory process has revealed challenges, particularly due to the varying availability of data from different emission sources. The accuracy and comprehensiveness of the data still need to be improved. Currently, there is a notable lack of information on upstream and downstream activities within the value chain, and many aspects have yet to be effectively measured. This gap emphasizes the need for a robust approach to low carbon development. Scope three emissions, which encompass indirect emissions from activities such as the supply chain and product use, are particularly challenging to account for. These emissions are based on financial data analysis, indicating that the accuracy of emission results in this area requires further enhancement. As CYG moves forward, it acknowledges these challenges and is committed to refining its inventory processes.
Future Steps Towards Sustainability
To bolster its low carbon development initiatives, CYG will continue to enhance its inventory work. The company plans to strengthen the monitoring of activity source data, which will significantly increase the accuracy of scope three accounting year by year. By addressing data gaps and improving measurement techniques, CYG aims to lead its subsidiaries toward a more sustainable future.
Conclusion
Finally, CYG’s first comprehensive inventory of greenhouse gas emissions marks a pivotal moment in its journey toward low carbon development. With a focus on scientific rigor and a commitment to continuous improvement, CYG is poised to make a meaningful impact in the fight against climate change.
