Shenzhou International (02313) released its 2025 Environmental, Social and Governance Report, covering operations in Cambodia, China and Vietnam. Key highlights are outlined below.
Environmental Performance • Scope 1 + 2 greenhouse-gas emissions fell 21% from the 2020 baseline to 0.91 million tCO₂e—on track for the 42% cut pledged by 2030. • Renewable electricity penetration surged to 74%; on-site solar output reached 118,034 MWh with installed capacity of 112.40 MWp. • Roof-top solar plus power-purchase agreements supplied 100% renewable power to 69% of production facilities. • Coal has been eliminated at all sites except one Vietnam Tier-2 mill; the remaining facility has cut coal use 41% year-on-year. • Reverse-osmosis recycling generated 5.47 million t of permeate water, lifting total RO capacity to 20,000 t per day. Fresh-water intensity has improved 14% versus 2020. • Manufacturing waste continued “zero landfill / zero incineration”; hazardous waste totalled 2,987 t and non-hazardous waste 209,571 t, with 5,892 t reused. • Science-aligned targets and progress were verified by Bureau Veritas; ISO 14001 certification remains in force.
Social Metrics • Group headcount rose to 108,680, with women representing 71%. Monthly employee turnover stayed below 3% for a third consecutive year. • More than 900 staff advanced to middle management or above, 65% of them female. • The first employee childcare centre opened in Cambodia; a “House of Solidarity” scheme financed home rebuilding for staff in post-conflict areas. • No major work-related injuries or fatalities were recorded; recordable-incident rate stood at 0.641 per 200,000 work-hours. • All facilities completed employee-satisfaction surveys and Women Leadership programmes.
Supply-Chain Oversight • ESG audits covered 78 supplier sites—100% rated A or B; 215 of 414 findings have been closed. • All suppliers signed the updated Code of Conduct; 8 suppliers were permanently delisted for severe integrity breaches. • Green-power purchases by suppliers exceeded 150 million kWh, and 24 suppliers now run roof-top solar.
Governance & Information Security • Anti-corruption training reached 100% of employees; 1,523 integrity agreements were signed with partners. • No data breaches occurred; ISO/IEC 27001 and ISO/IEC 38505-1 certifications were retained. • Scenario analysis shows that even a stringent carbon-pricing regime would add less than 0.30% to long-term costs; 2025 transition spending totalled RMB 16 million.
Outlook Management will focus on completing the coal phase-out by 2030, narrowing water-efficiency gaps and expanding supply-chain due diligence, while exploring industrial heat-pump deployment and AI-enabled manufacturing to sustain its decarbonisation trajectory and operational resilience.