Key Highlights:

Sustainability: continued investment into renewable energy with strengthened emission management

• Vigorous promotion of photovoltaic and hydrogen production to accelerate clean energy usage.
• By the end of 2023, 21 of SANY’s subsidiaries had photovoltaic power generation equipment in use, with the total clean energy usage amounting to 44,815.9 kWh, a proportion of 6.55 percent.
• In 2023, SANY’s VOCs emission concentration was 0.00136 tons per million units, a 23 percent decrease from the base year with the target achieved; the wastewater discharge density at 5.42 tons per million units was a 38 percent decrease from the base year.
• SANY has been carrying out free maintenance to extend the service life of shutdown equipment globally to recycle obsolete equipment, while exploring ways to recycle packaging and upgrade cardboard and wooden boxes. In 2023, it saved 2.2 million yuan (USD 303,820) in packaging materials and significantly reduced solid waste.

Going green: green factories and green supply chain

• Energy-saving initiatives integrated throughout production and operations.
• Its energy consumption per RMB 10,000 of production value in production areas was 39.53 yuan (USD5.46), a 10.7 percent drop year-on-year, and the energy conservation and consumption reduction programs have saved 11.89 million yuan (USD1.64 million) of energy costs.
• Operation of 33 lighthouse factories, resulting in an average 46.33% reduction in labor costs.
• Honored as one of ‘China’s Top 50 Multinational Companies’ by Forbes China.

Innovation-driven talent development focusing on sustainability and social welfare

• Conducted 394 training sessions that were attended by 23,993 people – about 93 percent of SANY employees participated in various trainings with an average training time of 121.4 hours. SANY’s total training expenditure reached 56 million yuan (USD 7.73 million).
• Successful cultivation of 450 technical talents for overseas posts through the Hunan SANY Polytechnic College.
• Investment of 27.872 million yuan (USD 3.98 million) into various public and social welfare programs. The “SANY Public Welfare” platform now has 17,002 registered volunteers, SANY now has 51 volunteer teams participated by 714 people, with a cumulative volunteer service length of 2,266.2 hours.
• 25,930 full-time employees, with 10% of the executive team being women.
• Recognized as “China’s Best Employer” for three consecutive years”SANY’s annual Sustainable Development Report is a showcase of the company’s decarbonization progress and achievements and our commitment to environmental protection and sustainable development. SANY is responding to the global climate challenges and to reach the ‘Dual-Carbon’ goals with concrete actions. We hope to anchor the industry transformation and development and make substantial contributions to greenhouse gas emission reduction and advancing clean energy development,” said Xiang Wenbo, chairman of SANY Heavy Industry.