Tongyi Low Carbon unveils 2024 ESG report, driven by green strategy

Tongyi Low Carbon Technology (SSE:600506) released its third ESG report, highlighting a strategic shift towards low-carbon operations. In 2024, the company achieved CNY2.314 billion in revenue, a 3.35% year-over-year increase, and CNY31.3876 million in net profit. Demonstrating a focus on green initiatives, Tongyi reduced greenhouse gas emissions and aims for carbon neutrality by 2040. Key achievements include investing CNY4.46031 million in R&D, achieving 100% compliance in waste management, and engaging 11.84% of employees in R&D. As recognition of its efforts, Tongyi received several ESG awards and certifications, underscoring its leadership in sustainable practices within the industry.