China Sunshine Paper Holdings Company Limited (Sunshine Paper, HKEX: 02002) has issued its Environmental, Social and Governance Report for the year ended 31 December 2025, covering all principal operations, including the newly consolidated Century Sunshine (Shouguang) Specialty Paper.
\n\nCorporate Governance and Oversight • The Board retains full oversight of ESG matters and has formed an ESG Management Leadership Team, supported by an ESG Task Force and a Carbon Management Office. • A “Carbon Peak and Carbon Neutrality Leading Group” coordinates climate initiatives, while the Board and senior management received dedicated ESG and climate-related training during the reporting period.
\n\nEnvironmental Performance • Total energy consumption reached 4.90 million MWh (6.29 MWh per RMB 10,000 revenue). Coal remained the dominant source at 4.59 million MWh, though coal use fell slightly year-on-year. • Scope 1 greenhouse-gas emissions totalled 1.57 million tCO₂e; location-based Scope 2 emissions were 0.61 million tCO₂e. • Air-emission concentrations from the Group’s coal-fired combined heat-and-power facilities stayed well below national and Shandong provincial ultra-low-emission limits; SO₂ removal efficiency exceeded 99 %. • Papermaking freshwater intensity was 3.92 t per tonne of paper, significantly beneath the national Grade I benchmark of 17 t/t, supporting the company’s water-saving benchmark status. • A 55,000 m³/day wastewater treatment system enabled a reuse rate above 95 %, while sludge from treatment was co-incinerated for energy recovery. • The Group generated 337,047 t of general waste and 77.52 t of hazardous waste, achieving 100 % compliant treatment or resource utilisation.
\n\nClimate Strategy and Targets • Group-wide goals align with China’s roadmap to peak carbon emissions by 2030 and reach carbon neutrality by 2060; detailed interim reduction milestones will be formulated as data systems mature. • Liaoning Sunshine Tianze Packaging maintained third-party-verified carbon-neutral factory status through energy-efficiency upgrades, green-power procurement and offsetting residual emissions. • A five-year target limits freshwater use in papermaking to ≤ 6 t per tonne of paper; 2025 performance already met this threshold.
\n\nProduct and Market Initiatives • Core portfolio includes White Top Test Liner, Coated White Top Test Liner, Core Board Base Paper and Premium Corrugated Medium, produced primarily from recycled paper. • Low-carbon product development advanced via collaborations such as the carbon-neutral packaging materials initiative with Budweiser China and the “Sunshine” low-grammage series showcased at the 2025 WEPACK exhibition.
\n\nSocial Indicators • Total workforce stood at 4,534, with local employees in Shandong representing 88.1 %. • Overall staff turnover declined to 19.5 % from 29.4 % in 2024. • Average training reached 15.7 hours per employee; 100 % of staff received training. • One work-related fatality was recorded, and 706 lost workdays were reported, down 26 % year-on-year.
\n\nSupply Chain and Ethics • The qualified supplier base reached 2,391, of which 99 % are domestic; 1,003 suppliers passed admission assessments in 2025. • All suppliers must sign anti-bribery agreements; no corruption cases were concluded against the Group or employees during the period.
\n\nAwards and Recognition Sunshine Paper retained positions in the Global Top 100 Paper Manufacturers and China’s Top 15 Paper Makers, and sustained National Green Factory and Manufacturing Single Champion Enterprise titles, underlining operational excellence and green-manufacturing credentials.