GlobalData offers a comprehensive analysis of ZTE, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on ZTE‘s ESG performance. GlobalData’s company profile on ZTE offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Chinese telecommunications company ZTE is dedicated to tackling climate change and plans to reduce its greenhouse gas (GHG) emissions. The company aims to achieve carbon peak before 2030 and carbon neutrality by 2060. ZTE's latest filings mentioned the keywords 'Carbon' and 'Emissions' most number of times in relation to 'Climate Change'.
According to the 2022 Sustainability Report, the carbon emissions from production of a single products decreased by 9.3% compared with 2021, while overall GHG Emissions (Scope 1,2,3) decreased by 7.5%. The company has taken steps to reduce its emissions, including investing in green operations and a green supply chain ecosystem. It reported a cut of 5,812 tons of emissions, and a recycling rate of 90% in 2022.
ZTE plans to achieve its net-zero targets by implementing a sustainability management structure, strengthening governance, and preventing emerging risks. The company has also made major progress in reducing its energy consumption and requirements of products and services. The company has also refined its responsible minerals management and conducted environmental assessments of new suppliers.
In conclusion, ZTE is focused on tackling climate change and plans to reduce its GHG emissions by taking various steps including investing in green operations and a green supply chain ecosystem. It aims to achieve carbon peak before 2030 and carbon neutrality by 2060 by implementing a sustainability management structure, strengthening governance, and preventing emerging risks.