Climate change has emerged as a global risk. The Climate Change Center of China Meteorological Administration noted in the Blue Book on Climate Change in China 2020: the global average temperature in 2019 was about 1.1°C higher than the pre-industrial levels, ranking second since the complete meteorological observation on record; and 2015-2019 were the five warmest years since the complete meteorological observation on record. Since the 1980s, every consecutive ten year has witnessed warmer conditions compared with the previous one decade. Frequent extreme weather events around the globe – such as high temperatures, droughts, catastrophic rainfall, and typhoons – are warning bells sounded by the nature. Having gone through all these, we find it increasingly necessary and urgent to tackle climate change.
In September 2020, China made its pledge to the world to “achieve carbon neutrality before 2060.” Since then, we have started to realize the responsibility and role of CTI as a corporate in this global climate governance undertaking. Addressing climate change has been identified as a material topic in the Group’s ESG management, which is taken charged by our ESG execution team. We are also well aware that CTI’s concern and efforts contributed to climate change issues are still in infancy.
Sources of Greenhouse Gases
Business features decide that at CTI greenhouse gases mainly come from the following two sources:
Indirect emissions from power, heating or cooling generated by laboratories. Tens of thousands of experimental instruments, heating equipment, air conditioners, etc. are in use in our over 130 laboratories across the Group. These instruments and equipment are the foundation of our business and also the key to a comfortable working environment for employees.
Indirect emissions from power, heating or cooling generated by offices. Our offices are equipped with hardware such as lights, air conditioners, printers, and paper shredders, and household appliances including water dispensers, refrigerators, and microwave ovens. These facilities and equipment consume electricity and in turn generate greenhouse gases.
Direct emissions from gasoline consumed by corporate vehicles. Our 15 sampling vehicles, 12 monitoring vehicles, 6 quick inspection vehicles, 4 physical examination vehicles and 23 business vehicles are used for necessary inspection services and short-distance travel.
As a TIC service provider, we are required to communicate on site with customers and partners. We meet with them all over the world by high-speed rail, air and other transport tools. This is also a major source of our greenhouse gas emissions.
Climate-related Risks and Opportunities
With reference to the analysis framework of climate-related risks and opportunities proposed by the Task Force on Climate-Related Financial Disclosures (TCFD), the ESG execution team has made a preliminary assessment of the climate change-related risks and opportunities within the Group.
Our countermeasures to climate change at the current stage include the following three: