"We aim to achieve carbon peak by 2025 and net zero emissions from our operations by 2055."

"The significance of Weiqiao to promote the 'double carbon' strategy is not only to achieve green and low-carbon development, but also to establish climate leadership through the influence of the enterprise in the industrial chain, leading all partners in the chain to deeply participate in carbon reduction actions, continue to promote green development and sustainable development, and contribute to the response to climate change and other global challenges."

In June 2022, at the third Qingdao Summit of multinational company leaders, Zhang Bo, chairman of Shandong Weiqiao Venture Group Co., Ltd. as a leader of multinational companies, introduced the relevant practices of Weiqiao Venture to strengthen international cooperation and promote green development, and released the "double carbon" goal of Weiqiao Venture Group and the confidence and ambition of promoting green and low-carbon development of enterprises to the world.

 How to reduce carbon emission and ensure the steady development of enterprises in the critical period and window period of carbon peak and carbon neutrality? As one of the world's largest cotton textile enterprises, Weiqiao Venture Group has integrated the concept of green development into all aspects of enterprise production and operation. Focusing on the two key points of "industrial chain data penetration" and "intelligent production" in the textile field, Weiqiao has continuously increased investment in scientific research and technological transformation to create an intelligent matrix of the whole textile - printing and dyeing - clothing and home textile industry chain. We have embarked on a "Weiqiao path" of green and low-carbon development.

In practice to find the "double carbon" breakthrough road

Weiqiao Venture Group is a large enterprise with 3 listed companies, 15 production bases at home and abroad, 100,000 employees and total assets of 257.3 billion yuan. It has a complete industrial chain integrating "textile - dyeing and finishing - clothing and home textiles" in the textile field. In the aluminum field, it has a complete closed-loop industrial chain integrating "thermal power - mining - alumina - primary aluminum - aluminum deep processing - recycled aluminum", and is a globally competitive cotton textile enterprise and aluminum production enterprise. For such a "giant ship", under the global carbon peak carbon neutrality has become a consensus, how to promote low-carbon transformation, its difficulty can be imagined.

"There is both pressure and incentive to reduce carbon." As the leader, Zhang Bo is very aware of the need for low-carbon transformation of enterprises. He said that the core value of Weiqiao Venture Group is "entrepreneurship for the country, for the benefit of the people", and over the past 40 years, the company has always upheld this core value, focusing on the textile industry and aluminum industry, and has made great contributions to promoting social and economic development and improving the quality of life of the people. In the new stage of development, under the background of the national "double carbon" goal, to open up the road of environmentally friendly and low-carbon sustainable development, find a road of carbon neutrality that meets the actual situation of the Group, and create a green future of harmonious coexistence between man and nature are the inevitable requirements of Weiqiao Venture Group to improve its climate-compatible productivity and competitiveness, and take the initiative to assume social responsibility.

In April 2021, Weiqiao Venture Group and Roland Berger, an internationally renowned consulting company, jointly carried out the "dual carbon" strategic plan. After repeated research, deduction, research and demonstration, we formulated the goal of achieving carbon neutrality five years earlier than the national goal with a scientific and rigorous method and a pragmatic spirit: We aim to achieve carbon peak by 2025 and net zero emissions from our operations by 2055.

"Although the pressure is not small, this is what we ask of ourselves, and it is also our commitment to the market and the international community in response to the call of the country." To this end, we will optimize the energy structure, develop a circular economy, expand downstream processing, deepen lightweight farming, strengthen scientific and technological innovation, promote negative carbon technology and other measures to ensure the realization of the "dual carbon" goal." Weiqiao Venture Group Party secretary, general manager Zhang Hongxia said.

In June of the same year, Weiqiao Textile cooperated with the Social Responsibility Office of the China Textile Industry Federation to launch the "dual carbon" strategic plan of the textile sector, and released the accelerated vision of climate innovation 3060 carbon neutrality: strive to achieve carbon peak in 2023 (the 20th anniversary of the company's listing), and achieve carbon neutrality in its own operating scope before 2049 (the 100th anniversary of the founding of the People's Republic of China).

For joining the China Textile Industry Federation's "Climate Innovation 2030 action", Zhang Hongxia believes that it is of great significance, which is conducive to enterprises to carry out the carbon emission baseline investigation and carbon emission reduction enabling plan for the whole value chain, and start the product life cycle assessment. Weiqiao Textile commits to strengthen technical cooperation with value chain partners, jointly develop green and low-carbon recycling sustainable materials, reduce the carbon footprint output of Weiqiao textile products, and strive to reduce the carbon footprint of products by 50% in 2028, and achieve 100% zero-carbonization of textile products in 2046.

As a founding member of 15, Weiqiao Venture Group has also joined the "Sustainable Market Initiative" China Council, contributing wisdom and strength to sustainable development.

Weiqiao textile green intelligent factory

Focusing on the national "double carbon" goal, Weiqiao Venture Group actively promotes green transformation and sustainable development, seeks a "double carbon" breakthrough road in practice, and strives to achieve green growth and add momentum for high-quality development. In recent years, focusing on the two major focuses of "industrial chain data connection" and "intelligent production", Weiqiao Textile has built 11 intelligent branches such as green intelligent factory, extra-wide printing and dyeing digital factory, home textile and clothing digital project, and created a complete chain high-end, intelligent and green production system that integrates textile - printing and dyeing - clothing and home textile. With the "intelligent matrix" to promote industrial digital upgrading, labor savings of more than 50%, energy consumption of more than 40%, water savings of more than 20%, the overall technology has reached the international leading level. It has won more than a dozen honors such as the first prize of China Textile Association for Scientific and Technological Progress, national intelligent Manufacturing Demonstration Factory, and national quality benchmark, and has played a leading role in the intelligent development of the textile industry.

The concept of green development runs through all aspects of the enterprise

"The construction of ecological civilization has achieved new progress, and the construction of 'green Wei Bridge' and 'Ecological Wei Bridge'." At the beginning of 2021, when describing the main goals of Weiqiao's entrepreneurial development during the "14th Five-Year Plan" period, Zhang Bo proposed that ecological priority should be taken as one of the six strategic paths to achieve the goals of the "14th Five-Year Plan" plan, and the concept of green development should be fully integrated into the strategic system, production system and innovation system of enterprise development, and green and low-carbon technological innovation should be further carried out. We will vigorously promote the research, development and application of low-carbon, zero-carbon, and carbon-negative green technologies, and earnestly focus on resource conservation, recycling, energy conservation, emission reduction, and environmental protection. Around such a goal, Weiqiao Venture Group can be said to be the concept of green development throughout all aspects of enterprise production and management.

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