SANY Heavy Industry released its 2024 Environmental, Social and Governance (ESG) Report, detailing significant progress in clean energy development, sustainable manufacturing, employee support and corporate responsibility.
In 2024, SANY invested 520 million yuan (USD 72.12 million) in environmental protection efforts. This investment is part of the company’s broader commitment to green innovation and high-quality industrial development. Chairman Xiang Wenbo stated that SANY will continue to increase its investment in clean technology R&D, facility upgrades and the expansion of clean energy product lines to deliver greater value and support the global shift toward low-carbon operations.
The company implemented a wide range of energy-saving and emissions-reducing measures. It saved 0.32 billion yuan (USD 44.38 million) in energy costs and generated 76.072 million kilowatt-hours of clean energy through photovoltaic systems installed at 21 subsidiaries. This accounted for 13.8% of its total energy usage in 2024. Compared to its 2021 baseline, SANY reported a 17.9% reduction in volatile organic compound (VOC) emission density and an 84.5% decrease in chemical oxygen demand (COD) emissions intensity, aided by optimized wastewater treatment and monitoring systems.
SANY also focused on employee development and workplace safety. Local hires made up 89% of its international workforce, and women represented 12% of executive management. A 550-million-yuan (USD 76.23 million) employee stock ownership plan benefited over 6,200 workers, while 485 training sessions reached 93% of employees. Safety training programs engaged more than 176,000 participants, and the company reported zero occupational disease cases and an annual injury rate of 1.78‰.
Beyond the workplace, SANY contributed 18.16 million yuan (USD 2.52 million) to public welfare initiatives in 2024, bringing its total social investment to more than 340 million yuan (USD 47.16 million). These contributions supported 143 projects related to education, disaster response and rural revitalization.
To enhance governance, SANY optimized its ESG framework at the board level and ensured full attendance across four shareholders' meetings and seven board sessions. The company deployed a digital platform that issued 4,568 early warnings and completed 3,754 verifications, enabling real-time supervision and intelligent management.
According to Xiang, SANY’s 2024 strategy included accelerating its global footprint, advancing intelligent manufacturing and developing low-carbon construction equipment. These efforts support China’s “Dual Carbon” goals and contribute to international climate action, positioning the company as a leader in sustainable industrial transformation.
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