Angel Yeast (600298.SH) recently released its 2024 Sustainability (ESG) Report, providing in-depth insights into the company’s thoughts and actions towards sustainable development management. The report highlights significant efforts across key areas, including social responsibility, sustainable procurement, talent development, innovation, green practices, and corporate governance. It also marks the first time the company has publicly disclosed a clear emission reduction timetable, signaling a new phase of quantified management for green development.
“Angel Yeast believes that successful growth involves benefiting society as a whole. By integrating sustainability into our strategy and operations while achieving global expansion and exceeding 15 billion RMB in revenue, we aim to offer a detailed view of our sustainable development efforts through the report to all sectors of society, “said Xiao Minghua, GM of Angel Yeast.
Leading the Way in Clean and Green Operations
In 2024, Angel Yeast’s carbon reduction initiatives focused on transforming its energy structure by promoting clean energy adoption, achieving transformative breakthroughs. This year, Angel Yeast reduced carbon emissions by 210,500 tons through these efforts, including the use of 129,673 megawatt-hours of green electricity, which alone contributed to a 72,200-ton reduction in carbon emissions. Through innovative practices, the company has turned fermentation residues into agricultural resources, embraced the concept of “turning waste into treasure,” and pioneered “microbial protein” technology with lower carbon emissions compared to traditional proteins. Angel Yeast’s commitment to green production has earned recognition, with the company and its subsidiaries designated as national-level “Green Factories” for their full-chain green management approach.
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