The report highlights Kingfa's commitment to sustainable development and its progress in 2022. The company made significant investments in environmental protection, including a total annual investment of RMB 56,402,300, achieving energy savings of 1,197.77 tons of standard coal and generating 11.37 million kilowatt-hours of roof photovoltaic power. In 2022, Kingfa achieved a reduction in energy consumption of 5.79 kilowatt-hours per ton of product in the modified plastic sector compared to the previous year, resulting in actual energy savings of 1,197.77 tons of standard coal. Kingfa also implemented a comprehensive circular economy for plastic strategy, focusing on the use of recycled plastics and bioplastics, and achieving a carbon footprint reduction of over 65% for its environmentally friendly high-performance recycled plastics. The company also made significant progress in its human capital development strategy, with a 100% social insurance coverage rate and a 100% maternity leave employee return rate. Kingfa also emphasized the importance of ethical business practices and compliant operations, with a zero incidence of internal or external stakeholder whistleblowing and a 91% completion rate for internal audit rectification.
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Kingfa Science & Technology Co Ltd 2022 ESG Report
Issuing Company Kingfa Science & Technology Co., Ltd.
Report Type Sustainability Report
Report Language EN
Report Filesize 25.19 MB
No. of Pages 60 pages
Reporting periodJanuary 1, 2022-December 31, 2022
Report Edition1
Assurance Provider Unknown
Reporting Standards GRI (GRI); Global Sustainability Standards Board (GSSB); SAS...
Materiality Assessmenttrue