JL Mag Rare-Earth Co Ltd 2023 SR
The report highlights JL MAG's commitment to high-quality development and its "Dual Carbon" strategy. In 2023, the company achieved a significant milestone with its magnetic steel products helping reduce carbon emissions by 34.02 million tonnes. It invested RMB 354 million in R&D, focusing on Grain Boundary Diffusion (GBD) technology to optimize rare earth usage. The company also made progress in green production, with green power accounting for 41% of its total consumption. Furthermore, JL MAG enhanced its ESG governance by establishing an ESG Committee and increasing board diversity.
Company: JL Mag Rare-Earth Co Ltd
Sector: Industrials
Country: China
Year: 2023
Type: SR
Pages: 89
JL Mag Rare-Earth Co Ltd
ESG Report
The report highlights JL MAG's commitment to high-quality development and its "Dual Carbon" strategy. In 2023, the company achieved a significant milestone with its magnetic steel products helping reduce carbon emissions by 34.02 million tonnes. It invested RMB 354 million in R&D, focusing on Grain Boundary Diffusion (GBD) technology to optimize rare earth usage. The company also made progress in green production, with green power accounting for 41% of its total consumption. Furthermore, JL MAG enhanced its ESG governance by establishing an ESG Committee and increasing board diversity.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Mar 1, 2024
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
Renewable Energy
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Employees