JL Mag Rare-Earth Co Ltd 2022 SR
The report highlights JL MAG's commitment to achieving product full life cycle carbon neutrality by 2030, having obtained the first PAS 2060 carbon neutral certification in the global NdFeB industry for its Ganzhou factory. In 2022, the company achieved a revenue of RMB 7,165.2 million, a 75.6% year-on-year increase, while investing RMB 337.5 million in R&D. Environmental efforts included saving 15.23 million KWh of electricity and investing RMB 15.37 million in environmental protection. Socially, the company expanded its workforce to 5,003 employees and spent RMB 102 million on employee benefits. The company also advanced its rare earth recycling initiatives, planning a major project in Mexico to process 5,000 tonnes of waste NdFeB magnets annually.
Company: JL Mag Rare-Earth Co Ltd
Sector: Industrials
Country: China
Year: 2022
Type: SR
Pages: 66
JL Mag Rare-Earth Co Ltd
ESG Report
The report highlights JL MAG's commitment to achieving product full life cycle carbon neutrality by 2030, having obtained the first PAS 2060 carbon neutral certification in the global NdFeB industry for its Ganzhou factory. In 2022, the company achieved a revenue of RMB 7,165.2 million, a 75.6% year-on-year increase, while investing RMB 337.5 million in R&D. Environmental efforts included saving 15.23 million KWh of electricity and investing RMB 15.37 million in environmental protection. Socially, the company expanded its workforce to 5,003 employees and spent RMB 102 million on employee benefits. The company also advanced its rare earth recycling initiatives, planning a major project in Mexico to process 5,000 tonnes of waste NdFeB magnets annually.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Published
Apr 11, 2023
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Sustainable Development Goals
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Total Waste
Women in Management
Workplace Fatalities
Net Zero Target
Employees