Zhejiang United Reports 72% Drop in Carbon Emissions and Tightens Workforce in FY2026 ESG Update

Bulletin Express
Aug 20

Zhejiang United Investment Holdings Group Limited (Zhejiang United, 08366) released its Environmental, Social and Governance (ESG) Report covering the period from 1 May 2025 to 30 April 2026, outlining material progress in emissions control, resource efficiency and human-capital management across its Hong Kong-based slope, foundation and general building operations.

Environmental Performance • Greenhouse gases: Net emissions fell 71.57% year-on-year to 9.60 tCO₂-e, cutting intensity to 0.10 tCO₂-e/m² (2025: 0.34 tCO₂-e/m²). Scope 1 mobile sources accounted for 35.90% of the total, while electricity (Scope 2) contributed 64.10%. • Energy use: Electricity consumption declined to 12,083 kWh, or 121.06 kWh/m², versus 304.70 kWh/m² a year earlier. Company vehicles consumed 1,294.72 litres of gasoline. • Air quality: Emissions from vehicle use totalled 0.97 kg of NOₓ, 0.02 kg of SO₂ and 0.07 kg of particulate matter. • Waste: Construction and demolition waste sent to landfill decreased 48.83% to 2,955.90 tonnes. Office paper use was 233.90 kg, down 13.30%. • Water: Freshwater usage measured 12,046 m³; intensity rose to 446.15 m³ per capita due to the smaller workforce.

Human Capital • Headcount dropped to 27 employees (2025: 62) following project completions; annual turnover surged to 148%. • Training coverage improved to 22% of staff, with average hours per employee more than doubling to 1.99. • Safety: No fatalities were recorded, though lost-time injury days rose to 569 (2025: 198).

Governance and Supply Chain • Four core suppliers and subcontractors were maintained on the approved list; annual on-site audits drive performance oversight. • No breaches of anti-corruption, data-privacy or intellectual-property rules were reported. • Whistle-blowing and conflict-of-interest frameworks remain in place, with no reported cases of fraud or corruption.

Outlook Facing sector-wide pressure to curb environmental impacts, Zhejiang United aims to embed further energy and water conservation measures, expand data collection at construction sites and strengthen stakeholder engagement to support long-term sustainability goals.

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