China Hongqiao Group Limited has earned a prestigious recognition in the Green Leadership category at the Asia Responsible Enterprise Awards (AREA) 2024 China Chapter for its visionary China Hongqiao “Green Transitioning” Capacity Relocation Project.
This transformative initiative reflects the Company’s unwavering commitment to sustainable development by relocating part of its aluminum smelting capacity from Shandong Province to Yunnan Province. By leveraging Yunnan’s abundant hydropower resources, the project replaces coal-fired power with renewable energy, marking a pivotal milestone in China Hongqiao’s pursuit of carbon neutrality.
Hongqiao’s Yunnan Wenshan Green Aluminum Innovation Industrial Park initiative stands as a model of renewable energy integration within industrial processes. The project has revolutionized the aluminum production process by fully utilizing the hydropower, significantly reducing reliance on fossil fuels and contributing to the global transition toward low-carbon industrialization.
Additionally, the industrial park has secured partnerships with nearly 20 downstream aluminum processing and supporting enterprises, achieving 100% local conversion of molten aluminum and over 80% local processing of aluminum alloys. Beyond transforming its operations, China Hongqiao has leveraged its leadership position in the industry to inspire its value chain partners to embrace carbon reduction and adopt green, low-carbon development practices.
This endeavor exemplifies China Hongqiao’s proactive approach to environmental protection and sustainability as well as its role as a leader in the aluminum industry. Through the China Hongqiao “Green Transitioning” Capacity Relocation Project, the Company demonstrates its commitment to sustainability and corporate responsibility, aiming to make a greater impact in the future.
About Enterprise Asia
Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine toward sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, uplifting the economic status of people across Asia and ensuring a legacy of hope, innovation, and courage for future generations. Please visit https://www.enterpriseasia.org/ for more information.
About Asia Responsible Enterprise Awards (AREA)
The Asia Responsible Enterprise Awards program recognizes and honors Asian businesses for championing sustainable and responsible entrepreneurship in the categories of Green Leadership, Investment in People, Health Promotion, Social Empowerment, Corporate Governance, Circular Economy Leadership, Corporate Sustainability Reporting, and Responsible Business Leadership. For more information, visit https://enterpriseasia.org/area/.