Reporting period: 2026 Q2 baseline (pre-construction)

ESG executive summary

Compiled against GRI 2021, SASB IF-EU, TCFD, ISSB IFRS S2, the EU Taxonomy, China's dual-carbon 1+N framework, and GB/T 36001. Every quantitative figure traces back to the Feasibility Study Report (V0.1).

Project owner: Huailai Zhongji Sion New Stone Technology Co., Ltd. · FSR version: HL-WSS-2026-FSR-V0.1

Scope 1+2 (operations)

→ 0

target 2060

100% behind-the-meter green power + storage

^[1,2]

Annual CO₂ avoided

417,000 t

/yr

Grid EF 0.5839 kg CO₂/kWh

^[1,2]

Construction peak jobs

2400

FTE (direct+indirect)

Operations ≈ 330 FTE

^[1]

25-yr cumulative tax

RMB bn

GRI 207 tax transparency

^[1]

ESG summary (Chinese, single-page printable)

Open in browser, Ctrl + P to save as PDF

ESG summary (English, single-page printable)

Suitable for international LPs / ECAs

ESG data snapshot (JSON)

Machine-readable for analysts / rating agencies

Environmental (E)

PV, wind, 4-hour storage, and BIPV anchor the design — paired with reuse of mine roofs and shed rooftops to minimize new land take. Target: 100% renewable mining-site electricity in operations, plus a battery second-life recycling scheme.

^[1,2,3]

Social (S)

Construction peaks at ~2,400 jobs (incl. indirect); operations sustain 80 direct + 250 indirect roles. Local hiring is prioritized and an ISO 45001-aligned OHS system will be established. 25-year cumulative tax: RMB 12 bn to local fiscal.

^[1,2,3]

Governance (G)

An HSE & Sustainability Committee reports to the board. Independent whistleblowing and a supplier code cover the full tender process. TCFD's four pillars are adopted; ISSB S2 and MLPS 2.0 / IEC 62443 are targeted.

^[1,2,3]

Materiality

Uses the 'double materiality' framework (impact × financial). This is a feasibility-stage qualitative assessment, to be refreshed pre-COD via a structured stakeholder survey.

Double-materiality matrix

X: stakeholder concern (impact materiality). Y: financial materiality to the project. Each dot is one ESG topic.

EnvironmentalSocialGovernance

Topics in the upper-right quadrant are 'doubly material' priorities. This matrix is a feasibility-stage qualitative assessment; it will be refreshed during operations via stakeholder surveys.

TCFD four-pillar disclosure

Governance

An executive committee chaired by the owner (Huailai Zhongji Sion) and joined by EPC / O&M reviews climate KPIs quarterly. During operations, an independent HSE & Sustainability Committee will report to the board, with a designated CSO role.

^[1,2]

Strategy

Strategy is anchored to dual-carbon: 100% renewable electricity for the mining site by 2030 (behind-the-meter first, with green-power trading top-up), and net-zero Scope 1+2 by 2060. Delivery is phased (I–IV), aligned with coal substitution and hydrogen extensions.

^[1,2,3,4]

Risk

Risk management

Physical risks (extreme cold, snow, lightning, wind loads) are absorbed via design margins (FSR Ch.3 & 11). Transition risks (tariff, storage mandates, green-power certification) are quantified through a 5×5 scenario matrix and Monte Carlo P10–P90. All material risks enter the project risk register with quarterly review.

^[1,2,3,4,5]

Metrics

Metrics & targets

Headline metrics: 0.417 Mt CO₂/yr avoided; 10.42 Mt cumulative over 25 yrs (Phases I–III) and ~34 Mt with Phase IV; grid EF 0.5839 kg CO₂/kWh; operating SAIDI/SAIFI tracked against SASB IF-EU-550a.

^[1,2,3]

Key KPIs & targets (baseline → 2030 → 2060)

Items tagged 'commitment' are forward-looking targets and may be revised. 'baseline' items are calculations from the feasibility study.

Pillar	Metric	Baseline	2030	2060	Unit	Type	Sources
E	Scope 1+2 GHG intensity vs. thermal baseline	0.5839	0.05	0	kg CO₂/kWh	commitment	^[1]
E	Annual CO₂ avoided	0	41.7	136	10⁴ t/yr	baseline	^[1]
E	Renewable share of mining-site electricity	0	100	100	%	commitment	^[1]
E	Coal saved	0	23.4	76	10⁴ t/yr	baseline	^[1]
E	Battery recycling rate	—	95	99	%	commitment	^[1]
S	Construction peak jobs (direct + indirect)	0	2400	2400	FTE	baseline	^[1]
S	Operations jobs (direct + indirect)	0	330	530	FTE	baseline	^[1]
S	Local hiring share	—	70	80	%	commitment	^[1]
S	Total Recordable Incident Rate	—	0.5	0.2	per 200k hrs	commitment	^[1]
S	25-year cumulative taxes	0	12	12	RMB bn	baseline	^[1]
G	Anti-corruption incidents	—	0	0	/yr	commitment	^[1]
G	Supplier ESG self-assessment coverage	—	90	100	%	commitment	^[1]
G	Material cyber-incidents	—	0	0	/yr	commitment	^[1]
G	Climate disclosure completeness (TCFD/ISSB)	70	100	100	%	commitment	^[1,2]

Frameworks & standards

GRI

GRI Standards 2021

Universal + topic disclosures (305, 403, …)

^[1]

Aligned

SASB

SASB Electric Utilities & Power Generators (IF-EU)

Industry KPIs: GHG intensity, water, OHS, grid reliability

^[1]

Aligned

TCFD

TCFD climate-related disclosures

Governance / strategy / risk / metrics

^[1]

Aligned

ISSB S2

IFRS S2 climate-related disclosures

ISSB baseline

^[1]

Target

EU Taxonomy

Compliant with climate-mitigation screening (wind, PV, storage)

^[1]

Aligned

GB/T 36001

GB/T 36001-2015 (China CSR reporting)

Chinese national CSR/ESG report format

^[1]

Applied

Dual-Carbon 1+N

China dual-carbon '1+N' framework

2030 peaking · 2060 neutrality alignment

^[1]

Aligned

ISO 14001/45001/50001

ISO management systems (env / OHS / energy)

Establish & certify during operations (target)

^[1,2,3]

Target

Governance structure

Board & executive

The board oversees an HSE & Sustainability Committee covering climate, safety, and CSR. The CEO is accountable for ESG targets; the CSO leads framework alignment and disclosures.

^[1]

Risk management

A project-level risk register covers seven categories — policy, tariff, technology, construction, cyber, physical & transition climate. Tracked monthly, reviewed quarterly; material trigger events escalate to the board.

^[1,2,3]

Supplier code of conduct

Module, battery, and wind-turbine suppliers must sign anti-corruption / anti-forced-labor / environmental-compliance commitments. Third-party-certified suppliers (e.g., SVTC, PV CYCLE) are prioritized; tendering is fully auditable.

^[1]

Whistleblowing & grievance

An independent whistleblowing channel (email & hotline) accepts compliance, safety, and human-rights concerns from employees, community, and suppliers. Investigations are confidential and resolved within ≤ 30 business days.

^[1]

Cyber & data governance

SCADA, AGC/AVC, and EMS follow MLPS 2.0 / IEC 62443 zoned-defense. Operational data is anonymized before disclosure; personal data of customers & community follows China's PIPL.

^[1]

Disclosure index (GRI / SASB / TCFD)

Topic	Framework code	Disclosure location	Sources
Phased scale	GRI 2-6 / SASB IF-EU-000.A	FSR §1.1.5	^[1]
GHG (direct + avoided)	GRI 305-1/2/4 / SASB IF-EU-110a	FSR §2.3.6	^[1]
Energy consumed & generated	GRI 302-1 / SASB IF-EU-130a	FSR §2.2.2, §5–8	^[1,2]
Grid reliability & safety	SASB IF-EU-550a	FSR §9	^[1]
Workforce & labor	GRI 2-7 / 401 / 403	FSR §12, §2.3.5	^[1,2]
Climate-related risks & opportunities	TCFD / ISSB IFRS S2	FSR §14.7, §14.8, §15	^[1,2,3,4,5]
Anti-corruption	GRI 205	FSR §15 + governance charter	^[1]
Tax transparency	GRI 207	FSR §2.3.5 (RMB 12 bn over 25 yrs)	^[1]

Talk to our ESG team →

References on this page

[1] Feasibility Study Report — cover & project summary table (V0.1, Apr 2026)(FSR 封面、§1.1)
[2] China dual-carbon '1+N' policy framework (carbon peaking & neutrality)
[3] FSR §2.3.6 — environmental necessity (annual & 25a cumulative)(FSR §2.3.6)
[4] MEE — 2025 national grid average emission factor 0.5839 kg CO₂/kWhLink
[5] FSR §2.3.5 — social necessity (employment & tax)(FSR §2.3.5)
[6] GRI Standards 2021 (GRI 1/2/3 + topic 305 Emissions, 403 OHS, etc.)Link
[7] SASB Industry Standard — Electric Utilities & Power Generators (IF-EU)Link
[8] TCFD — Recommendations of the Task Force on Climate-related Financial Disclosures (2017)Link
[9] ISSB IFRS S2 — Climate-related Disclosures (2023)Link
[10] EU Taxonomy (Regulation (EU) 2020/852) — wind/solar generation & storage screening criteriaLink
[11] GB/T 36001-2015 — Guidance on social responsibility reporting (China)
[12] ISO 14001:2015 — Environmental management systems
[13] ISO 45001:2018 — Occupational health and safety management systems
[14] ISO 50001:2018 — Energy management systems
[15] FSR §1.3.2 — key technical & economic indicators(FSR §1.3.2)
[16] FSR §2.2.2 — electricity consumption baseline(FSR §2.2.2)
[17] FSR §2.1.4 — green mining industry context(FSR §2.1.4)
[18] FSR §1.3.3 — key innovations(FSR §1.3.3)
[19] FSR Ch.11 — energy, environment, safety, fire protection(FSR §11)
[20] FSR Ch.15 — risk evaluation & mitigation (governance)(FSR §15)
[21] CPIA — China PV Industry Roadmap (2024–2025)Link
[22] FSR Ch.9 — grid connection & electrical design(FSR §9)
[23] FSR Ch.12 — organization & staffing(FSR §12)
[24] FSR §1.1.5 — phased construction scale(FSR §1.1.5)
[25] Hydrogen extension thematic report & Ch.2 H₂ truck calculation(FSR §2.3.4)
[26] FSR Ch.3 — site & resource conditions(FSR §3)
[27] FSR §14.7 — sensitivity & 5×5 scenario matrix(FSR §14.7)
[28] FSR §14.8 — Monte Carlo (P10–P90)(FSR §14.8)
[29] FSR Ch.5–8 — engineering solutions(FSR §5–§8)