BEIJING, May 21, 2025 — SANY Heavy Industry (SANY) has released its 2024 ESG Report, highlighting the company’s significant progress in clean energy, green manufacturing, and social responsibility.
In 2024, SANY invested 520 million yuan (USD72.12 million) in environmental protection, demonstrating its commitment to high-quality, green innovation-driven development.
According to Mr. Xiang Wenbo, Chairman of SANY Heavy Industry, the company intends to increase investments in clean technology R&D, facility upgrades, and market expansion to broaden its clean energy product offerings and efficient energy solutions. He stated that SANY aims to deliver greater value to customers and support the green transition through new quality productive forces.
Advancing clean energy products and green manufacturing
SANY undertook numerous energy-saving and consumption-reducing initiatives in 2024. The company made significant progress in whole-process carbon reduction and emission control:
- SANY achieved a cumulative energy cost savings of 0.32 billion yuan (USD44.38 million).
- Photovoltaic power generation equipment was installed in 21 subsidiaries, with clean energy usage reaching 76.072 million kWh, representing 13.8% of total energy consumption.
- In 2024, the VOC emission density was 14.47 tons/million yuan revenue, a 17.9% decrease compared to the base year (2021).
- Through wastewater treatment optimization and online monitoring, strict controls on COD and ammonia nitrogen emissions resulted in a wastewater COD emissions intensity of 0.34 tons/million yuan revenue, an 84.5% decrease from 2021.
SANY plans to further enhance clean technology R&D and production facility upgrades to achieve more efficient energy utilization solutions.
Prioritizing health and safety, focusing on employee development and social welfare
SANY is dedicated to providing equal opportunities for all employees. In 2024, 89% of the group’s overseas employees were local hires, and women comprised 12% of executive management. The 550-million-yuan (USD76.23 million) employee stock ownership plan, launched in 2024, benefited 6,241 employees, and 485 training sessions were conducted throughout the year, with 93% employee participation.
In 2024, SANY organized training on special equipment safety and fire prevention, with a total of 176,441 participants in health and safety training. The annual injury rate was 1.78‰, and there were no occupational disease injuries.
Furthermore, SANY is actively involved in social welfare, donating approximately 18.16 million yuan (USD2.52 million) to social public welfare funds, with cumulative investments exceeding 340 million yuan (USD47.16 million). The company conducted 143 public welfare activities in areas such as education, disaster relief, and rural revitalization.
ESG strategy safeguarded by digital intelligence
In 2024, SANY improved its ESG governance structure at the board level, holding four shareholders’ meetings and seven board of directors’ meetings with full attendance.
The company has developed an intelligent supervision and review platform that released 4,568 batches of early warning data and completed 3,754 verifications to achieve complete digital and intelligent control.
Mr. Xiang Wenbo stated that SANY accelerated its global presence in 2024 and utilized digital technologies to advance intelligent manufacturing and transformation, while also actively researching and developing new energy equipment and low-carbon products to support global sustainable development. He added that the company aims to lead new productivity development, including green and intelligent technologies, and contribute to achieving China’s “Dual Carbon” goals and global climate actions in the future.
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