GlobalData offers a comprehensive analysis of China Tourism Group Duty Free, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on China Tourism Group Duty Free’s ESG performance. GlobalData’s company profile on China Tourism Group Duty Free offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
China Tourism Group Duty Free has set a climate change target for its operations, according to its 2022 Environmental, Social and Governance Report. China Tourism Group latest filings mentioned the keywords ‘Emissions’ and ‘Green Buildings’ most number of times in relation to Climate change.
In 2022, the company reported the total greenhouse gas emission of 14,509.84 tCO2e including its Scope 1 direct greenhouse gas emissions at 524.25 tCO2e and Scope 2 indirect greenhouse gas emissions at 13,985.59 tCO2e. The company has vigorously promoted the use of clean energy equipment and made full use of electric powered forklift trucks to replace traditional fueled ones, so as to reduce carbon emission and environmental pollution.
The company’s Board of Directors continues to promote the governance of climate-related risks and opportunities. As the top decision-making body responsible for addressing climate related risks, the Board of Directors complies with the company’s ESG governance structure, collaborates with its Strategy Committee to jointly manage the implementation of climate governance tasks and perform review and inspection on a regular basis. The report also highlights the company's commitment to environmental sustainability, including its efforts to reduce waste, manage water consumption, and promote green and low-carbon operations.
The high-efficiency oil fume purifier has been designed to the highest emission standard of 1.0mg/m³, which is stricter than the national standard for environmental protection and emissions in China. These measures effectively improve the park’s air quality. The building layout distance between buildings and ventilation placement have been optimised to improve on-site air circulation. Phase 2 is equipped with an intelligent garage ventilation system. The induced ventilation system in the underground garage automatically controls the operation of the garage fan according to the carbon monoxide concentration, which improves air quality in the garage.
In conclusion, China Tourism Group Duty Free is actively taking green and low-carbon measures, including the implementation of green office concepts, energy and emissions management, climate change responses, and food conservation. The company adopt green building concepts to maximise social, economic and environmental benefits, and we have achieved impressive results in this regard.