CTGI views environment as a crucial aspect of strategic management and devoted to minimizing the impacts and dependencies of its activities. To achieve this, CTGI, through its Environmental Policy, has made a series of commitments to ensure the implementation and maintenance of appropriate and effective Environmental Management System, contributing to sustainable development. Based on this Policy, CTGI has outlined specific objectives in environmental areas that are most pertinent to the company's strategy.
To ensure the completeness of the Environmental Management System, CTGI has established ESG Executive Committee at the environmental management level and has set up the Safety and Environment Department at implementation level. Each regional subsidiary has a dedicated environmental management department to ensure the smooth progression of environmental management tasks. We have developed a comprehensive set of environmental management policies, including risk identification, management and response, ensuring organized and efficient actions in environmental protection.
No environmental incidents occurred in 2022 under our continous efforts and guardiance.
Environmental management objectives
In 2022, CTGI has been continuing to protect heavily to positively impact the environment, with a total of USD 3.51 million invested in improving technologies and initiatives to prevent and mitigate the environmental impacts arising from its operationos.
Environmental management system
CTGI is committed to managing the environmental impacts of power generation in a responsible manner. In order to improve its resource efficiency and environmental performance, CTGI modifies its Environmental Management System and process annually. CTGI revised its Environmental Protection Policy, which sets out CTGI's principles in environmental protection to be adopted by both the headquarters and regional subsidiaries.
Aiming to be the world's leading clean energy company, CTGI fully recognizes its responsibility to global environment. The Company made the following environmental progress:
Environmental due diligence
CTGI focuses on sustainable development and long-term value creation in its investment and M&A activities. Based on ESG due diligence guidelines and standards, we identify and analyse potential ESG risks, impacts, responsibilities and opportunities that may affect the valuation or reputation of the target company through key operational activities. In 2022, 29 environmental due diligence were conducted.
Environmental risk identification and management
CTGI has developed a comprehensive system for identifying environmental risks, based on the ISO 14001 standard. This systematic approach is designed to identify and manage the environmental risks associated with all of our assets. We recognize that each project presents unique environmental challenges and risks, so we employ internationally recognized standards and methods to ensure every risk is accurately identified and properly managed.
For significant environmental risks identified, CTGI has established targeted management and control measures. Our team of experts develops specific, practical solutions for each type of risk, ensuring effective control and minimizing environmental impact. Our goal is to ensure that none of our projects cause damage to the environment of the host countries.?
This approach underscores CTGI's firm commitment and responsibility to environmental protection. We aim not only to comply with the environmental regulations and standards of the host countries but also to make substantial contributions to protecting and improving environmental quality through our expertise and technology. We believe that with continuous effort and innovation, we can make a significant contribution to building a greener, cleaner, and more sustainable future.
?Case: Environmental risk management in offshore wind farm
CTGI has established a comprehensive environmental risk identification system for different types of power stations. For instance, one of the key environmental risk of an offshore wind farm is oil leakage, which means that oil may leak from the wind trubine or booster station due to certain reasons, causing oil to enter the sea area and causing environmental pollution.
CTG Europe uses a real-time monitoring system to monitor the operating of the oil filling equipment in its wind farm, and detect anomalies in oil level and temperature data to promptly report and handle them. CTG Europe regularly conducts on-site inspections and maintenance of equipment, regularly maintains or replaces relevant seals, and collects and processes waste oil generated during the maintenance process to avoid arbitrary discharge. The Company also hires third-party professional organizations to inspect on-site equipment every year, to supervise, inspect and certify equipment safety and environmental hazards. In addition, CTG Europe also cooperates with local authorities to carry out emergency drills for maritime safety and environmental accidents every year, ensuring that environmental accidents do not occur in the Project.
