Report Descriptions Contents
This is the 13th Environmental, Social and Governance Report issued by Power Construction Corporation of China Ltd.
(stock code: 601669, abbreviation: POWERCHINA) since 2012. This report is an annual report which covers the period from
January 1, 2024 to December 31, 2024 unless otherwise specified. The last annual report was issued in April 2024. About Us 01 Future Prospect 87
ESG Management 05 Appendix 89
Reporting Criteria Scope of Organizations
"POWER" Illuminates a New Journey
This report draws principally on the following standards: Power Construction Corporation of China Ltd. and its wholly-
"Build" a Model of Scientific Governance
owned and holding companies, covering relevant indicators
• Guidelines to the Central State-owned Enterprises
of enterprises under management entrusted by Power
Directly under the Central Government on Fulfilling
Construction Corporation of China Ltd., the controlling
Corporate Social Responsibility, issued by the State-
shareholder.
owned A sset s Super vision and Administration
Commission of the State Council (SASAC)
Uphold Party-led Guidance 11
Title Description
Enhance Corporate Governance 15
• Guidelines on corporate social responsibility reporting For ease of expression and reading, Power Construction Deepen Corporate Reform 19
for Chinese enterprises (CASS-ESG6.0), jointly published Corporation of China Ltd. is described as "POWERCHI-
by the China Enterprise Reform and Development Society Focus on Improving Quality and Efficiency 20
NA", "the company" and "we" in the report, according
(CERDS) and Responsibility Cloud Research Institute to the specific contexts.
• Self-regulatory Guidelines for Listed Companies No.
Reporting Principles
Shanghai Stock Exchange for Self-Regulation of Listed Principle of importance: This report focuses on matters
"POWER" Illuminates Rivers and Mountains
Companies - Sustainability Report (Trial), issued by the that may have an significant impact on stakeholders and
"Build" Eco?friendly Environment
Shanghai Stock Exchange (SSE) the Company, in line with the assessment results of ESG
importance issues.
• Environmental, Social and Governance Reporting Code
Guide, issued by The Stock Exchange of Hong Kong Ltd. Principle of quantification: The data in this report are
(SEHK) derived from the official documents, statistical statements
and financial reports of the Company, as well as the ESG Deepen Strategic Transformation 23
• UN 2030 Agenda for Sustainable Development
information enclosed, summarized and reviewed by the Forge Exemplary Projects 27
• GRI Sustainable Development Reporting Standards (GRI Company. Innovate to Empower the Future 32
Standards) released by Global Sustainability Standards Promote All-round Green Development 41
Principle of balance: The contents of this report reflect
Board (GSSB)
objective facts and disclose the indicators involving both Tackle Climate Change 66
• Ten Principles of the United Nations Global Compact positive and negative information.
• Guidelines on Social Responsibilities (ISO 26000) released Principle of consistency: Unless otherwise stated, this
by International Organization for Standardization (ISO) report maintains consistency with the scope of disclosure
"POWER" Illuminates Life
presented in the company's previous ESG reports, with no
"Build" a Happy and Beautiful Society
material adjustments. The same statistical methodologies
have been applied, and a three-year comparative analysis
of key quantitative ESG indicators is included to illustrate
performance trends.
Build Overseas Connectivity with Sincerity 63
Partner for Shared Success 69
Ensure Safe Production 73
Report acquisition
Care for Employee Development 77
The report is issued in both Chinese and English as PDF versions. Stakeholders and the public may download and read it from the
Enhance People's Livelihood and Well-being 81
Shanghai Stock Exchange website (www.sse.com.cn) and the POWERCHINA official website (www.powerchina.cn).
About Us
Company
The controlling shareholder of the company is Power Construction Corporation of China 2022
Ltd. (POWERCHINA Group), a Fortune Global 500 enterprise. The company was founded Total assets
RMB 100 Million
on the basis of Sinohydro Group Ltd. and was jointly established in Beijing on November
Profile 30, 2009, by Sinohydro Corporation and HydroChina Corporation. On October 18, 2011,
the company was listed on the Shanghai Stock Exchange. In January 2014, the company
changed its name from Sinohydro Group Ltd. to Power Construction Corporation of China
Ltd., with its stock abbreviation updated from "Sinohydro" to "POWERCHINA".
Total operating
revenue 2023 6,098.44
RMB 100 Million
Currently, the company has 63 wholly-owned or controlled level-two subsidiaries,
including 7 hydropower design companies, 18 hydropower engineering companies, 2024 6,345.52
companies, 4 investment and operation companies, 5 financial service companies, 6
regional investment companies, and 1 company of other type. 2022 192.47
Total profits
RMB 100 Million
The company's controlling shareholder, Power Construction Corporation of China Ltd., ranked 108th in the 2024 Fortune Global 2024 195.31
the 2024 ENR Top 250 Global Contractors and ENR Top 250 International Contractors.
Benchmarking · 2024 Net profit
RMB 100 Million
No. No. in the ENR Top 150 Global Engineering
of the Global Top 500 in the Fortune Design Firms for the fifth consecutive year Business Scope
China Top 100 Large-Enterprise Innovation Index ENR Top 250 Global Contractors (2024) The company operates in more than 130 countries and regions worldwide, positioning itself as a global leader in clean and low-
carbon energy, water resources, and environmental construction. It serves as a key force in promoting global infrastructure
Ranked connectivity and stands as a flagship enterprise supporting the joint development of the "Belt and Road Initiative". In the
engineering sector, the company provides global clients with fully integrated, end-to-end solutions across the entire industry
chain—including investment and financing, planning and design, construction contracting, equipment manufacturing, and
China Top 100 Strategic Emerging Industry Leaders ENR Top 250 International Contractors (2024)
operational management.In accordance with assignments from relevant national ministries and commissions, the company also
years, it has delivered a series of landmark projects that exemplify industry-leading standards and have garnered widespread
international recognition.
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
About Us
Organizational structure Strategic orientation
Aiming to become a world-class enterprise, Global POWERCHINA
the Company coordinates both domestic and
international markets, integrates the three
World-class
core segments of investment, construction,
Power Construction Corporation of China Ltd. enterprise with global
and operation, and focuses on the key sectors competitiveness
of water, energ y, urban development, and
digitalization. It is committed to enhancing
Strategy Committee s e v e n co r e c a p a b i l i t i e s : co m p r e h e n s i v e Domestic International
market market
innovation, market expansion, high-quality
Audit and Risk Management project execution, lean management, resource
Board of Supervisors Board of Directors Committee integration, asset operation, and risk control.
Personnel Remuneration and It systematically advances eight strategic
Investment Construction Operation
Evaluation Committee initiative s: Par t y building , s cientif ic and
technological innovation, deepening reform,
management enhancement, international
Strengthening Refining the
expansion, talent-driven development, integrity
water urban
and compliance, and digital transformation. Optimizing resources construction Specializing
Party Affair Department/ Publicity Department of the Party Committee
Department of Organization and Human Resources
Office of Party Conduct and Integrity/ Office of Inspection and Supervision
Department of Public Engagement
Discipline Inspection Office
Disciplinary Review Office
Case Management & Adjudication Office
Administrative Office
Office of the Board of Directors/Office of the Board of Supervisors
Strategic Development Department/ Policy Research Office
Finance & Treasury Department
energy and
Market Development Department
Investment and Operation Management Department
QHSE Department
Science, Technology & Digitalization Department
Project Management Department
Procurement Center
Legal Compliance and Risk Management Department
Audit Department
Overseas Business Department/Foreign Affairs Management Office
and and in engineering
These ef for ts aim to better ser ve national power environment infrastructure digitization
s trategies and comprehensively promote business business business
high-quality development, ensuring greater
achievements, stronger impact, and more Market Lean Asset
expansion management management
significant contributions during the 14th capability capability capability Risk
Five-Year Plan period. Comprehensive Quality Resource management
innovation performance integration and control
capability capability capability capability
Party Scientific and Deepening Management
building technological reform improvement
innovation
International Talents Clean Digital
development cultivation governance transformation
Eight
strategic actions
Corporate culture Corporate
vision
Build a world-class enterprise and create a globally
renowned brand
Corporate Develope clean energy, create a green environment and
mission serve smart cities
Development Strategy The company's corporate philosophy has been
shaped through sustained operations and long-
Enterprise
spirit Perseverance and the courage to excel
term development. It inherits fine traditions,
Core values Responsibility, Innovation, Integrity and Win-win Cooperation
aligns with the demands of the times, and actively
Strategic positioning Strategic objectives promotes conscious practice among all employees, Development Innovation, Coordination, Green Development, Openness,
thereby creating a team spirit and code of conduct philosophy and Shared Growth
The Company plays a leading role in the global clean and low-carbon energy, water Build a world-class enterprise with that represent POWERCHINA's convictions, inspire Business Integrity and commitment, transformative innovation,
global competitiveness. vitality, and drive production and operations. philosophy technological leadership, and mutually beneficial cooperation
resources, and environmental construction sectors. It serves as a key pillar of global
infrastructure connectivity and a flagship enterprise in advancing the "Belt and Road It embodies POWERCHINA's ideals, philosophy Loyalty & Responsibility; Compliance & Discipline; Unity
Employee
Initiative", providing integrated, full-industry-chain solutions, including engineering, and beliefs, and serves as the soul guiding and behavioral & Inclusiveness; Civility & Kindness; Initiative & Progress;
principles Diligence & Dedication
construction, and investment services both domestically and internationally. influencing the company's strategic pursuits.
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
ESG Management
ESG Management Communication with stakeholders
The company places great emphasis on stakeholder communication. It continuously refines communication mechanisms
and diversifies formats to meet varied stakeholder needs, striving to disclose information of interest accurately, promptly and
comprehensively, respond to key stakeholder concerns, foster close relationships, build consensus on sustainable development,
Statements of the Board and advance together with stakeholders.
POWERCHINA fully recognizes the importance of ESG to the company's sustainable development. The Board of Directors exercises
comprehensive oversight of all ESG matters, participates in the deliberation and decision-making of major ESG issues, assumes Communication
Stakeholders Stakeholders' demands Our response
mechanism
ultimate responsibility for ESG work, including overseeing the company's ESG development direction and strategy, identifying,
assessing and managing significant ESG risks related to the company's business, regularly reviewing the ESG work, approving • National strategy • Policy guidance • Compliance with laws and
information disclosure materials on ESG reports, and assessing the applicability and validity of the company's ESG-level risk acknowledgement • Special meeting reporting regulations
management and internal control systems. • Law-abiding and compliance • Information submission • Serve the national strategy
management • Work objectives and • Law-based integrity
• Full tax payment according to law evaluation management
Government
• Promote stable employment • Strategic cooperation • Clean practice
ESG Governance • Tackle climate change • Develop clean energy
• Construct Green Projects
• Undertake social responsibility
ESG governance is a vital component in proactively responding to changes in the global economic landscape and advancing
the Company's high-quality development. POWERCHINA has elevated ESG matters to a core element of corporate governance,
• Corporate governance • Periodic or interim reporting • Maintain stable profit
integrating ESG principles into all aspects of strategic planning, management, and operations. The Company has developed an • Maintenance and appreciation of • General Meeting of • Safeguard shareholders' equities
ESG work plan, continuously improved its ESG management mechanisms and organizational structure, and enhanced its ESG assets value Shareholders • Timely disclosure of information
governance capabilities. Drawing on internationally accepted standards and best practices in ESG management, and taking into • New markets and opportunities • Board of Directors
Shareholders
account the Company's operational realities and stakeholder expectations, POWERCHINA has established a clearly defined, multi- • Robust value-added return on • Daily communication
investment • Company's official website
level ESG governance framework that spans the decision-making, managerial, and operational levels. This structure ensures
• Keep information communication
clear roles and responsibilities at each level and embeds ESG considerations into all layers of accountability, thereby advancing
sustainable development through responsible governance.
• Guarantee construction quality • Customer-service hotline • Implement quality management
• Perfect customer services • Satisfaction Survey • Improvement of project quality
• Innovative engineering • Company's official website • Strengthen scientific and
Decision-making Customer technology • Customer visit technological innovation
level The Board of Directors serves as the highest authority and decision-making body for • Protect customer privacy
ESG matters at POWERCHINA, bearing ultimate responsibility for ESG governance. It • Lead common growth
drives the integration of ESG principles into the Company's development strategy,
major decisions, and business operations.
Three-level governance structure of
• Comply with business ethics • Regular communication • Insist on honesty and
• Practice mutual benefit • Business communication trustworthiness
and win-win and cooperation • Mutual benefit and equal
Partner
• Industry forums and consultation
exhibitions • Maintain good cooperation
POWERCHINA ESG
Management
level The Company's ESG Leadership Group acts as the leading body for ESG management.
It is responsible for coordinating the implementation of ESG initiatives, providing
relevant information and recommendations to the Board, and regularly reporting on • Improve welfare benefits • Employees' congress • Stable salary incentive
• Guarantee personal safety • Daily communication • Protect employees' rights
the progress of ESG-related work.
• Support career development • Various business training and interests
Staff • Realize personal value • Staff recreational activities • Carry out democratic management
• Work and life balance • Strengthen staff development
• Enrich employees' life
• Guard the health of employees
Execution All departments at headquarters actively carry out ESG tasks to ensure effective
level
implementation and continuous improvement. Wholly owned and majority-owned
subsidiaries have established corresponding functional units to carry out ESG • Support community building • Community visits • Participate in community activities
• Support social public welfare • Consolation and • Contribute to public charity
management and practices tailored to their specific contexts. In parallel, it has developed
communication • Rush to rescue and relief
a goal-setting system, assessment methods, and reward-and-penalty mechanisms Community • Open day • Practice green production
based on the prioritization of environmental, social, and governance values, ensuring • Public charity • Carry out environmental public
ESG governance is embedded across all aspects of corporate operations. • Environmental protection welfare
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
ESG Management
Identification of substantive topics ESG honors
POWERCHINA conducts a scientifically rigorous and efficient process for identifying and analyzing substantive topics. Through a
structured approach involving topic identification, stakeholder engagement, and topic analysis, it ultimately develops a materiality
matrix to effectively respond to stakeholder concerns and expectations.
Our Achievements • 2024 — Honors
The analysis result of substantive issues serves as an important reference for the future management of the Company's sustainable
development. To identify and refine the company's core topics, the company deeply analyzes national macro-policy orientations, The company's Board of Directors received the "Best Board of Directors" award at the 19th "Responsibility
industry market trends and regulatory requirements; benchmarks against mainstream ESG standards and leading industry peers; Golden Roundtable Awards and the 2024 Listed Company Reputation Rankings Brand Award"
and invites internal and external stakeholders via online questionnaires to evaluate the importance of various ESG issues from their The company was awarded the A-Class Information Disclosure rating by the Shanghai Stock at the 2024
perspectives. It assigns weights to each issue based on risk level and then develops a materiality matrix across two dimensions, Exchange for 2023-2024, the 26th "Golden Information Disclosure Award," the 2024 Excellence Responsibility
in Investor Relations Award, and other capital market honors including the China Association for Night & Jingniu
"Impact Importance" and "Financial Importance", to guide accurate and comprehensive disclosure of environmental, social and
Public Companies' 2023 Annual Report Best Practices Awards
governance information.
Governance topics Social topics Environmental topics
Our Results • 2024 — Index
Governance 09. Optimize customer service 17. Employee Rights Protection 24. Green Production
with Laws and innovation 19. Occupational health Management
Regulations 11. Supply chain management 20. Rural revitalization 26. Develop the circular economy
ethics progress 28. Energy & Resource Utilization
Selected into the "Central Enterprises Selected for SASAC's 2024 Central SOE Ranked 77th in CCTV's "China ESG
management 14. Digital transformation
Index" by the State-owned Assets Supervision list
and Administration Commission (SASAC) of
the State Council in 2024
POWERCHINA Dual-Materiality Issue Analysis Matrix Ranked 19th in CASS's "2024 Top Awarded Outstanding Enterprise
Responsibility Development Index" CASS's "2024 Key-Industry Social
Responsibility Development Index"
Impact Importance
Case Study Bridging the "Electricity Case Study Innovating "Dual-Carbon" Case Study Continuing China-Laos
Chasm" Building the "Road to Management to Forge New Quality Friendship, Writing a New Chapter
Financial Importance Happin,ess"—Lighting Up the Qam-e-Jam Productivity in International Engineering of Development was selected as an
Plateau was selected as an Outstanding was selected as an Outstanding Case Outstanding Case in the Blue Book
Case in SASAC's Blue Book on Social in SASAC's Blue Book on ESG for the on Overseas ESG of the Central
Responsibility of the Central SOEs (2024) Central SOE Listed Companies (2024) SOEs (2024)
G
"POWER" Illuminates a New Journey
"Build" a Model of Scientific
Governance
Embrace the mission; advance steadfastly. As a pillar in driving global energy transition and fostering sustainable
development, and as a vanguard of domestic infrastructure construction and green growth, POWERCHINA always
places strengthening Party leadership and Party building at its core to solidify its foundation, continuously improves
its governance system, deepens reforms to stimulate internal motivation, enhances precision management to increase
efficiency, and steadily consolidates the basis for growth. Through diligent action, it strives to write a new chapter
of strategic transformation and High-quality development, forging ahead toward its goal of becoming a world-class
enterprise.
Deepen
Corporate 20
Reform
Uphold Improving
Party-led 15 Quality and
Guidance Enhance Efficiency
Corporate
Governance
POWERCHINA's first offshore wind turbine installation vessel, "Dianjian Zhigao"
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
G "POWER" Illuminates a New Journey; "Build" a Model of Scientific Governance
POWERCHINA insists on high positioning, high standards and high requirements in
G1.2
G1 Uphold Party-led Guidance Consolidate
deepening political theory study, effectively promoting all Party members and cadres to
arm their minds, guide practice and drive work with the Party's innovative theory. Conduct
Ideological multi-level, comprehensive study and promotion of the spirit of the Third Plenary Session
of the 20th Central Committee, consolidate and expand the achievements of thematic
With Party building as the driving wind, we hoist the banner and stride forward powerfully. POWERCHINA always adheres
Foundation education, and carry out solid and powerful Party discipline education; all Party members
to Xi's "Thought on Socialism with Chinese Characteristics for a New Era" as its guide, puts political development first,
and cadres further strengthen their political, ideological and action-oriented consciousness
uses high-quality Party building to safeguard High-quality development, steadily advances the "Dual-Lead & Dual-
in firmly upholding the "Two Establishes" and ensuring the "Two Upholds." The company's
Build" Party building project, implements the "Ten-Hundreds-Thousands" Youth Innovation & Value-Creation Program,
experiences and research achievements in Party building and ideological political work were
promotes Comprehensive and Strict Governance of the Party in depth, continuously enhances its Party building capacity
shared and promoted at the Excellent Achievements Exchange Conference of the Chinese
to provide a solid guarantee for High-quality development.
Electric Power Ideological and Political Work Research Association.
Study, Publicize and
Organize 7,770 Party members and cadres across the company to participate in the
G1.1 POWERCHINA earnestly studies and implements Xi's "Thought on Socialism with Chinese Implement the Spirit of the
Characteristics for a New Era", fully carries out the spirit of the 20th Party Congress central lecture group's report meeting on learning and implementing the plenary
Third Plenary Session of the
Strengthen and the second and third plenary sessions of the 20th Central Committee, deeply
session's spirit for centrally administered SOEs
Political comprehends the decisive significance of the "Two Establishes," strengthens the "Four Hold special meetings of the Company Party Committee to study and formulate 22
Consciousnesses," firms up the "Four Confidences," and practices the "Two Upholds." implementation measures across five areas
Guidance Fully leverage the Party Committee's leadership in setting direction, managing the overall
Draft and issue the Work Plan for Earnestly Studying, Publicizing and Implementing
the Plenary Session Spirit , clarifying 16 work arrangements across seven areas
situation, and ensuring implementation; build a "Great Party Building" framework,
improve the "Great Supervision" mechanism, refine the "Great Evaluation" system;
including Concentrated study and discussion, concentrated publicity and training, etc
embed Party leadership into every aspect of corporate governance and to use high-quality
Utilize 11 media platforms, including the company website, WeChat, and video
Party building to safeguard High-quality development.
accounts, to open special columns and carry out in-depth coverage such as "Learn,
Think, Act on the Plenary Session Spirit"
Convene Party Building Work Conferences
Hold a reporting session on the spirit of the Third Plenary Session of the 20th Party Congress
Our Honors · 2024
Data Reading · 2024
Implement the "First Agenda" System
Rated A for three
consecutive years in
followed up and studied as the "No.1 Agenda", with 268 implementation measures
formulated. Regular tracking and supervision of implementation progress have been carried
out, achieving a 100% completion rate.
the Central SOE Party
Building Responsibility A comprehensive evaluation mechanism has been established to assess the implementation of
System Assessment General Secretary Xi's important instructions. Supervision and inspection efforts have been bylined articles were published in mainstream Within the company, research projects were completed.
strengthened to ensure that all directives and the decisions of the Party Central Committee
outlets such as People's Daily and Xi Jinping It was the highest number, best quality, and richest achievement
are implemented throughout the company, ensuring every instruction is followed and every
Economic Thought Research in company's history
matter is settled.
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
G "POWER" Illuminates a New Journey; "Build" a Model of Scientific Governance
G1.3 POWERCHINA regards solidifying the grassroots Party-building foundation as the key G1.5 On the journey of enterprise development guided by Party building, cultural development
to fortifying its development base. Through multidimensional efforts, it advances is key to concentrating strength and shaping the brand. POWERCHINA actively explores
Strengthen the comprehensive progress and robustness of basic level Party organizations, fully leveraging Lead Cultural new paths for cultural development, deeply integrating the Party's innovative theory with
Combat Fortress their combat-fortress role. Strictly follows the "Three Reports, Three Approvals, Two Development corporate culture. From ideological guidance and promotional campaigns to international
Communications" process to standardize Party organization establishment, supervise communication, it continuously enriches cultural connotations, enhances cultural soft
subsidiary Party committee reshuffles, and ensure stability and combat effectiveness of power, and lays a solid spiritual foundation for sustainable development.
Party leadership teams; Conduct high-quality Party-building assessments for subsidiaries
and performance evaluations for Party secretaries to cement responsibilities layer by layer
and implement every task, thereby forming an effective co-governance Party-building Innovate Promotional Strengthen International
Formats Communication to
pattern; Host model training workshops for company Party affairs officers and grassroots
Promote Corporate Spirit Shape Corporate Image
branch secretaries, and, for the first time, provide Party building business training
for full-time deputy secretaries of subsidiaries to enhance Party affairs practitioners' Focusing on key areas of enterprise Actively integrate into the national external
capabilities; Deepen the application of Smart Party Building at the grassroots: over 5,000 development, it conducts special publicity strategy, improve the external
Over Party organizations conducted 315,000 online Party building activities, with visualization, subject promotions on SOE reform communication system, innovate external
specialization and intelligent features increasingly apparent. and landmark project construction, publicity carriers, build the POWERCHINA
Party organizations conducted
leveraging an integrated media brand, disseminate China's voice, and use a
Received 10 honors at the 7th Central SOE
matrix to showcase corporate strong corporate image to reflect the national Excellent Storytelling Exhibition and the 1st
achievements. image and enhance international influence. AIGC Creative Communication Works Collection
online Party building activities
G1.6 POWERCHINA carries forward the spirit of thorough self-revolution, continuously
advancing rectification, discipline enforcement and anti-corruption; strengthens
Comprehensive and disciplinary construction; conducts Party discipline education; convenes warning
Strict Governance of education conferences; holds disciplinary education exhibitions; produces warning
education films; uses real-life cases to educate; and strives to Comprehensive and Strict
the Party Governance of the Party to build a clean and healthy atmosphere for political ecology.
Host model training workshops
for Party affairs officers and
grassroots branch secretaries
Advance the "Three No-Corruption" Integrated Initiative
Always uphold a main theme of "strict", reinforce high-pressure measures, eliminate existing
Maintain a Sustained
G1.4 POWERCHINA promotes deep integration of Party building with governance systems,
High-pressure Stance to
cases and curb new cases;
production and operations, and key initiatives. It issued the Notice on Deepening 'Dual- Focus on key issues, fields and targets; rigorously investigate and punish abuses of power,
Advance Party- Lead & Dual-Build' for a Year of Enhanced Guidance and Support for grass-roots Project
Ensure "Don't Dare to
rent-seeking, rule-breaking and other misconduct; and crack down on unhealthy practices
Corrupt"
Business Integration Value Creation and Development, to ensure Party building fully penetrates projects, embeds and corruption across all business areas.
in reform and development , and integrates into production and operations, effectively
reaching the "last mile" of grassroots projects. Formulate the Youth Innovation & Value- Thoroughly analyze recent oversight and discipline enforcement cases to identify institutional
loopholes, weak oversight links, and integrity risk points; and normalize improvements to
Creation Implementation Plan to guide POWERCHINA youth in strengthening innovation
"Cannot Corrupt" mechanisms;
awareness, enhancing innovation capabilities, and engaging in innovative practice.
Issue the Implementation Opinions of the Company Party Committee on Thoroughly
Deepen the "Cannot
Implementing the Spirit of the Eight-Point Regulation and Further Strengthening Work
Corrupt" Institutional
Style Construction, the Implementation Measures of the Company Discipline Inspection
Our Honors · 2024 Mechanisms
Commission on Strengthening Education, Management and Supervision of Young Cadres,
and the Guiding Opinions on Conducting Integrity Assessments for Participants in Major
POWERCHINA's Party Committee, as the sole central SOE representative, delivered a typical Engineering Projects (Trial) , further improve the system for young cadre education,
example sharing at the national "Qingma Project" opening ceremony. POWERCHINA's Youth management and supervision, as well as integrity assessments for major project participants.
League Committee was honored as a "National May 4th Red-Flag Youth League Committee."
The Baihetan Survey & Design Team received the "China Youth May 4th Medal" collective award. Emphasize the role of cases in solving the root causes handling to drive punishment,
deterrence, institutional constraints and awareness-raising in an integrated manner. Issue 40
Consolidate and Discipline Inspection Recommendation Letters , conduct three warning education activities,
Over Deeply implement the "Ten-Hundreds-Thousands" Youth Innovation & Value-Creation Program Enhance the "Don't and circulate 52 typical cases to guide Party members and cadres in cultivating reverence,
youth innovation across all levels: over 460 youth innovation competitions were held; at the 18th "Revitalization Want to Corrupt" vigilance, and adherence to base line;
competitions were Cup" National Youth Innovation & Value-Creation Competition, the team won 18 awards Ideological Recognition
Deepen integrity education by delivering integrity courses in every cadre training session,
held across all including Gold; and at the 7th National Youth Volunteer Service Project Competition, they won promoting Party members and cadres at all levels to solidify integrity awareness and keep the
levels Gold, an all-time best result. bottom line of integrity, thus building a more perfect POWERCHINA integrity culture system.
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
G "POWER" Illuminates a New Journey; "Build" a Model of Scientific Governance
Our Communication · 2024
G2 Enhance Corporate Governance 4 periodic reports and 84 interim announcements Organized 3 regular performance briefing sessions
Answered over 500 investor hotline calls, with a
were disclosed, realizing zero correction and
POWERCHINA strictly complies with laws and regulations, continuously optimizes corporate governance, steadily supplement throughout the year
enhances governance capabilities, rigorously advances the compliance system, and effectively promotes efficient
and stable operations of all governance bodies, aiding High-quality development.
Created the "Read and Understand in One Picture" Hosted 69 investor research visits and participated
visualizing periodic reports to vividly and intuitively in 30 institutional investor strategy exchanges
publicize the company's business highlights
A total of 18 institutions issued 51 research
The company has established a governance structure composed of the Shareholders' Meeting, Awarded the highest rating of "A" for the 11th reports on the company
G2.1 consecutive year in the evaluation of information
Board of Directors, Board of Supervisors, and Management Team. During the reporting
Governance period, the company revised the Implementation Measures for the "Three Majors and One
disclosure by Shanghai Stock Exchange
Big" Decision-Making System of Power Construction Corporation of China (Group) Co., Ltd.
(2024 Edition), the Measures for the Board of Directors of Power Construction Corporation
On the 10th of May, 2024, POWERCHINA held its
of China Co., Ltd. to Authorize the Chairman and General Manager (2024 Edition), and the
Implementation Measures for the "Three Majors and One Big" Decision-Making System of the Shanghai Stock Exchange via "onsite meeting
Domestic Regional Headquarters of Power Construction Corporation of China (Group) Co., + livestream + online interaction." Ding Yanzhang,
Ltd. (2024 Edition) . It issued the Opinions on Properly Handling the Interrelationships among Party Secretary and Chairman, attended and
Governance Bodies in the Course of Improving Corporate Governance and compiled the Work spoke. During the investor communion session,
the company engaged in in-depth discussions
Ledger for Continuously Perfecting Modern Enterprise System Construction and Enhancing
with investors on key topics such as market
Corporate Governance Capability . By perfecting various governance regulations and value management, business layout, cash
procedural rules, it established a more sound, standardized and scientific decision-making dividend policy, and future development plans,
mechanism to ensure the effective operation of organizational bodies. further enhancing investors' recognition of the
company's value and ensuring they "can see,
hear and engage" with the company.
G2.2 Standardize the Operations of the Three Sessions
Strategy
POWERCHINA rigorously follows the Company Law of the PRC, Securities Law of the PRC,
and Guidelines for Articles of Association of Listed Companies , among other laws and
regulations. By perfecting an effective checks-and-balances governance structure and Optimize Risk Management & Control
decision-making mechanism, it clarified the boundaries of powers and responsibilities
among governance bodies; ensured clear, coordinated and mutually constraining roles "Be vigilant in times of peace" is the way for enterprise survival. POWERCHINA coordinates development and safety,
among major institutions; secured high-quality, efficient decisions on major tasks and strengthens the sense of responsibility and bottom-line thinking, and improves the risk prevention and control systems to
businesses; steadily enhanced governance capabilities; and effectively safeguarded ensure early risk identification, early warning and early handling, firmly safeguarding against systemic risks. The company
healthy corporate operations. continuously improves the risk management organizational structure and workflows with a focus on risk prevention. It
has established a normalized supervision and inspection mechanism for risk control, formulated the Risk Assessment
Work Management Measures to clarify risk assessment responsibilities and frequencies, and standardized risk information
Data Reading · 2024
collection, identification, analysis, evaluation and response, laying the foundation for a major risk assessment mechanism.
No major risk events occurred during the reporting period.
Held Held Board of Held meetings of Held Board of
Shareholders' Meetings Directors meetings various Board committees Supervisors meetings
In accordance with the Risk Assessment Work Management Measures , and based on
Reviewed Reviewed Reviewed Annual strategic development and annual operational goals, the company extensively collected risk
Assessment
Held special meetings management information at the beginning of the year, then identified, analyzed, and assessed
of Independent Directors annual risks, resulting in the Company Annual Major Risk Assessment Report.
proposals proposals proposals
Periodic Tracking Conduct quarterly tracking and monitoring of major risks and manage them appropriately.
Strengthen Investor Relations Management
Before making major business decisions such as M&A, reform and restructuring, and external
Based on actual operations, the company perfects its information disclosure management system and regulates external Focus on guarantees, the company identifies, analyzes and assesses risks based on established control
disclosures. Within the premise of legal compliance, it expanded voluntary disclosure coverage, maintained smooth two-way Special Topics objectives, proposes scientifically sound risk mitigation measures, and prepares special risk
communication channels, further improved disclosure efficiency and accuracy, and used various means to establish and maintain assessment reports as essential support materials for decision-making.
positive relationships with investors, protect investor rights, and build a strong corporate image in the capital market.
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
G "POWER" Illuminates a New Journey; "Build" a Model of Scientific Governance
The Board of Directors plays a critical role in corporate governance. At present, the governance
G2.3
structure of the Company’s Board demonstrates a high degree of independence and diversity,
Impact, Risk & with no material risks arising from a lack of independence or homogeneity. To further
Opportunity strengthen this advantage, the Company will continue to optimize the composition of the Board,
ensuring a balanced mix of internal and external backgrounds among its members. Meanwhile,
Management the Company will rigorously assess the independence of independent directors and further
enhance the system of checks and balances. In the director nomination and election process,
the Company will give full consideration to factors such as age and professional background
to improve decision-making efficiency and broaden strategic perspectives. These efforts will
not only help enhance the Company’s governance capabilities on a continuous basis, but also
better balance the interests of all stakeholders and provide a solid institutional foundation for
sustainable development.
Host the "Strengthen Compliance Management, Solidify Development Foundation" Compliance Knowledge Contest
Legal Compliance & Commercial Corruption Risk
Compliance is the base line of operations and the premise for high-quality, healthy development. Internal corruption not only
damages corporate image but also leads to poor business performance. The company attaches great importance to lawful
and compliant operations, continuously improves its compliance management system, maintains a zero-tolerance stance on
corruption and breaches of business ethics, and promotes legal and compliant operations.
Strengthen Leadership Set Standards and Deepen Education to
Accountability Clarify Boundaries Embody Principles
Implement a "penetrative" approach to Formulate the Provisions on Conduct regular compliance training, adhere
ensure that the enterprise's principal Compliance Operation's "Three to the principle that "every training session
leaders fulfill their primary responsibility for Prohibitions" and "Eight Strict must cover compliance," comprehensively
legal-governance construction. Organize the Bans", the Compliance Management elevate all employees' compliance
Control Work Conference, the General for Business Conduct, and other cultural atmosphere of "everyone speaks
Counsel's Report and Performance Training, legal-compliance review regulations, compliance, everything must comply," Convene the 2024 Legal Compliance and Risk & Internal Control Work Conference
the Legal-Zone Coordination Meeting, and requiring the company and its ensuring every employee strictly abides by
other related sessions to systematically subsidiaries to strictly implement relevant laws, regulations, and company
（%） （%）
review, plan, and deploy the company's the "Three Prohibitions" and "Eight rules in daily work.
G2.4 Percentage of Independent Percentage of Directors
legal-governance work. Reinforce the Strict Bans" in their operational and
Directors Receiving Anti-Bribery and
accountability among the "critical few" management activities.
at every leadership level, and effectively Metrics & Targets Anti-Corruption Training
enhance the legal literacy of all cadres and 42.9 50.00 44.44
staff as well as their ability to resolve issues 37.5
through legal means.
No issuance of rules or regulations
Strictly prohibit engaging in financing-style trade 2022 2023 2024 2022 2023 2024
without legal-compliance review
Strictly prohibit loss of control over branch units
Strictly prohibit unlawful acquisition of
Percentage of Management （%） （%）
projects or operation via affiliation
Percentage of Employees
Strictly prohibit advance-financing and
Personnel Receiving Anti-Bribery Receiving Anti-Bribery and
contracting projects in violation of regulations
No approval of major decisions without and Anti-Corruption Training Anti-Corruption Training
Three Eight Strict Strictly prohibit illegal subcontracting
legal-compliance review
Prohibitions Bans and re-subcontracting 78.95 78.95
Strictly prohibit "contract in lieu 68.75
of management" arrangements 22.59 22.94
Strictly prohibit over-settlement
and over-payment
No signing of economic contracts
Strictly prohibit unauthorized guarantees
without legal-compliance review 2022 2023 2024 2022 2023 2024
and fund borrowings
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
G "POWER" Illuminates a New Journey; "Build" a Model of Scientific Governance
G3 Deepen Corporate Reform G4 Focus on Improving Quality and Efficiency
Reform is the key move to drive corporate development. POWERCHINA continues to consolidate the achievements Management is soft power and also the core strength. POWERCHINA vigorously strengthens in-depth control, builds
of its three-year SOE reform campaign, steadily implements value-creation actions benchmarking world-class a foundational management system driven by management enhancement, cost reduction and efficiency gains, and
enterprises, and advances the high-quality deepening of SOE reform. The company remains steadfast in pushing guided by performance appraisal. The company is accelerating the transition to scientific and lean management,
forward comprehensive reform, categorically executes mission-driven reforms, institutional-mechanism reforms, continuously boosting profitability and corporate value.
and targeted action reforms. It firmly anchors on "driving reform, promoting development," using reform thinking
to stimulate vitality and accelerate the aggregation of endogenous advantages for High-quality development.
Strengthen Project Management
Seven Key Focus Areas Firmly target "value creation and profitability" by
insisting on micro?profit analysis, clear reward and
Our Actions · 2024 Firmly uphold "legal compliance" as the prerequisite, maintain compliant
penalty, and accurate data; unwaveringly make
operations and integrity in execution, implement meticulous management,
economic returns the starting and ending point of
Prioritize Optimization, Leverage Market Forces and deliver more high?quality projects;
project management;
◆ Actively leverage market coordination, advance the "Three-One-Batch" subsidiary Firmly grasp "meticulous control" as the core principle, adhere to
Firmly focus on "talent team" as a key element, recruit
standardized management, systematic operations and centralized control to
construction, accelerate the disposal of existing intra-industry competition projects, and develop project talent, build an outstanding
effectively improve project execution efficiency;
promote the restructuring of hydropower assets, complete the trusteeship of project?manager team, and maintain a smooth
Firmly embrace "penetrative management" as a key approach, achieve talent?circulation channel;
Chongqing Investment Company by Western Investment Company, reorganize
full penetrative accountability, real?time management penetrability and
Shandong Pipeline Company under POWERCHINA Municipal Company, and drive the Firmly regard "Party building" as the fundamental
dynamic regulatory transparency;
closure and deregistration of POWERCHINA Trading & Services Company. guarantee, strengthen political leadership, build a
Firmly manage "subcontracting" as a critical link by selecting high?quality steadfast fortress, enforce integrity and discipline,
subcontractors at source, strengthening oversight during implementa- provide humanistic care, and ensure high?quality project
tion, and ensuring win?win value distribution; delivery through high?quality Party building.
Expand Boundaries, Effectively Apply the Three Systems
◆ Implement flexible employment mechanism, with a preliminary internal HR
Strengthen Cost Management
optimization mechanism taking shape. A total of 1,940 long-term inactive employees
were reassigned or cleared, reducing salary and social-security costs by RMB 208 Adhere to the principle that "all costs are controllable," strictly Improve the cost management system for projects
million; implement the Guiding Opinions on Building a Comprehensive Cost under construction, strengthen meticulous control,
◆ Enable cadres to be promoted or demoted. Throughout the year, 216 cadre
Management System and the Target Cost Management Measures, refine regularly conduct operational and cost analysis
adjustments and appointments were made, and the first batch of 27 cadre completed
the cost?and?expense control mechanism covering all employees, factors, meetings, establish solid cost?accounting foundations,
value chains and life cycles, and focus on cost forecasting, control, and dynamically evaluate project economic efficiency.
secondments. Among newly promoted Party-committee management cadres, analysis and appraisal to continuously enhance cost management.
Nine Party-committee management cadres (including six external directors) exited
Strengthen "Three Assets" Management Strengthen Performance & Compensation Management
due to unfitness assessments, and 11 cadres received "yellow-card" warnings.
◆ Allow salary increases and decreases, link compensation to performance; total wages Fund Management Asset Management Improve the "precise, flexible, standardized and efficient"
of 44 subsidiaries were increased, 16 decreased; wage pools prioritized emerging- Develop detailed Refine the asset management
income distribution mechanism; emphasize positive incentives,
"performance up, compensation up; performance down,
industry units and compensation tilted toward key core talent. rules for centralized system, issue Asset Loss Write?off
compensation down."
fund assessment to Work Standards to bridge a critical
In the SASAC assessment: Issue the Guiding Opinions on Employee Compensation
The company was honored as continuously improve institutional gap, standardize
capital utilization asset?loss write?off management, Management at All Levels to elevate the refinement of
Emphasize Pragmatic Work, Advance Targeted Actions a Central SOE with Outstanding
Overall Results in the "Science- efficiency; support asset operations, and compensation distribution management and resolutely address
Reform Action" and "Dual-
◆ Issue the Opinions on Supporting the Company's "Science-Reform Enterprises" consolidate asset quality; illegal, non?compliant or unreasonably high incomes.
Utilize dual?headquarters
and "Dual-Hundred Enterprises" for High-Quality Development ; Hundred Action"
Overall ranked 17th among
fund?allocation functions
to further optimize Capital Management
◆ Integrate loss remediation with targeted risk-asset rectification and continuously central SOEs
Second among central SOEs in
overall financing?term Deepen awareness of
promote overseas project loss reduction and revival;
construction structures; "capital scarcity," optimize
◆ Vigorously reduce legal entities, achieving a net decrease in total entity count and Steadily leverage the resource?allocation mechanisms,
compressing equity-hierarchy levels to within six for the first time; 14 specialized engineering cross?border function shift management from broad
enterprises achieved "2 of integrated onshore/ "scale?orientation" to refined
◆ Focus on exerting the "Three Functions," achieve the "Three Centralizations," and Benchmarks," "7 Excellent,"
offshore currency pools "value?orientation," improve
successfully complete the reform of headquarters' institutions and responsibilities. and "5 Good" ratings
to support the company's capital returns, and create
international operations. greater value for shareholders. Project Management Conference
E
"POWER" Illuminates Rivers
and Mountains
"Build" an Eco?friendly Environment
"Lucid waters and lush mountains are invaluable assets; improving the ecological environment is developing
productivity." POWERCHINA always stays true to its original aspiration and acts with dedication, continually
deepening the green foundation of High?quality development, enhancing the environmental dimension of business
growth, and through every bit of effort and technology?driven innovation, tangibly creating a Beautiful China of
"bluer skies, greener land, clearer water," embodying the vitality of Chinese path to modernization!
Innovate to
Empower
Promote All-
Deepen round Green 55
Strategic 27 Development
Tackle
Transformation Forge Climate
Exemplary Change
Projects
Aerial Photo of the Dongzhuang Project Site
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
E "POWER" Illuminates Rivers and Mountains; "Build" Eco?friendly Environment
E1 Deepen Strategic Transformation
POWERCHINA always upholds a high-level strategic stance in serving national strategies. Centered on the overall tone of
"strengthening and optimizing core businesses," it fully drives strategic transformation and High?quality development,
spares no effort to expand "Water," fortify "Energy," refine "City," and solidify "Digital," to vigorously develop new quality
productivity, to cultivate strategic emerging industries, and to promote synergy and integration across all sectors.
Panoramic view of dam filling at Lianghekou Hydropower Station Ecological restoration of the central Lhasa urban water system
Business area New contract amount Domestic business International business
Water resources and
RMB 164.374 billion RMB 153.784 billion RMB 10.590 billion E1.2 POWERCHINA's energy business has evolved from traditional hydropower, onshore
environment
wind, solar PV, thermal power and grid operations to a new power system centered
Energy and electricity RMB 762.817 billion RMB 651.776 billion RMB 111.041 billion Strengthen the on renewables. It vigorously expands into new fields such as deep?sea offshore wind,
Urban construction and
"Energy" Business hydrogen energy, advanced energy storage, geothermal energy, and actively advances
RMB 289.880 billion RMB 187.554 billion RMB 102.326 billion integrated "water?wind?solar?storage" power supplies and "source?grid?load?storage"
infrastructure
integrated systems. The company fully leverages advantages of traditional hydropower
Others RMB 53.620 billion RMB 53.620 billion - and new?energy, increases investment in and operation of renewables and pumped
storage, supports a strategic shift to "contracting + investment, construction and
operation," becomes one of China's major new?energy investors/operators, drives clean,
low?carbon energy transition, and serves as a leading force in reaching carbon peak and
neutrality.
E1.1 As a global leader in water resources and environmental infrastructure, POWERCHINA
adopts an integrated concept of "Water Resources, Water Security, Water Environment,
Scale Up the Water Ecology and Water Culture" to guide its water business development. The Company
"Water" Business focused on the construction of major national water conservancy infrastructure,
seizing the strategic opportunities presented by national initiatives such as ecological
The Company's holding grid-connected installed capacity is
conservation and High-quality development of the Yellow River Basin and the Yangtze
River Protection. It actively advanced the development of the National Water Network,
kilowatts, up
provincial-level water networks, major water diversion projects, and basin-wide water
management. At the same time, the Company made comprehensive efforts to expand
Wins & Bids · 2024
its business in integrated urban-rural water supply, wastewater treatment, seawater
desalination, and direct drinking water. It continues to enhance its capabilities in water
operations, strengthen its engineering expertise, refine its investment strategies, and Inner Mongolia New?Energy Base Project Al?Shinafiyah 1400 MW Fuel Power Plant, Iraq
improve its core competitiveness in water-related businesses, with the goal of building a
Cangnan No. 3 Wind Farm Project, Zhejiang Mega PV + Storage Project, Abu Dhabi ADQ 2.6 GW PV + 10 GWh Storage
first-class domestic water services enterprise.
The company's water?resource operation capacity:
Wins & Bids · 2024
"National Water Network Backbone" Major projects such as the Water projects including the Saudi
Beibu Gulf Guangxi Water Allocation Guxian Water Conservancy Rass Tanura Industrial Wastewater
Project and other network projects Hub on the Yellow River Treatment Plant
Shandong Yimeng Pumped Storage Power Station Fujian Xiamen Pumped Storage Power Station
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
E "POWER" Illuminates Rivers and Mountains; "Build" Eco?friendly Environment
E1.3 POWERCHINA is a key player in global infrastructure services. It actively participates in the E1.4 In the digital?intelligence economy wave, digital transformation is a compulsory course
Sichuan?Xizang Railway, the national integrated transport network and new infrastructure for long?term corporate development. From a strategic perspective, POWERCHINA
Refine the builds, positioning urban and infrastructure development as key growth engines. The Solidify the plans high?end, intelligent growth; accelerates industrial digitalization, digital
"City" Business company resolutely enters, integrates with and revitalizes cities; following the strategy of "Digital" Business industrialization and management intelligence; expands "Digital POWERCHINA"; and
"deepening presence, enhancing operations, and providing services in cities", it innovates applies self?developed Smart Water, Smart Energy, Smart Mining, Smart City solutions in
business thinking and models, strengthens systematic and forward?looking planning and hundreds of projects, leading sector digital transformation. Digitalization has become a
vigorously expands quality infrastructure businesses. Vigorously enhance infrastructure powerful engine for accelerating and deepening strategic transformation and achieving
specialization in urban rail, municipal, roads & bridges, housing and airports; expand high?quality development. In 2024, the company's new digital?business contract value
professional scale, deepen chains, develop products, build brands and create core was RMB 20.683 billion.
competitiveness.
Wins & Bids · 2024 Our Honors · 2024
Jinan Changqing Urban?Village Renovation Longtan New?City Affordable Shifang General?Aviation Park,
Project & Yantai Jinshan Bay Infrastructure Housing & other "Three Major Tianjin ZTE Equipment Park &
& Emergency EPC Project Projects" other large projects
Nation's first maglev intercity maglev line (Changliu Line Phase I), Chongqing Baihe Nanyang-Henan/Hubei
Lines 17 & 18 and other key projects Border Navigation EPC Project
At the 7th Digital China Construction Summit, POWERCHINA's digital achievements were listed among the "Top 10 Solutions" for the third
time, setting a digital benchmark for the water?conservancy industry.
WeiYan High Speed Railway
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
E "POWER" Illuminates Rivers and Mountains; "Build" Eco?friendly Environment
Forge Craftsmanship Quality
E2 Forge Exemplary Projects
POWERCHINA focuses on refining its traditional brand
and consolidating its status as a builder of "grand national
With the nation's grand aspirations in our hearts, we are committed to shaping the landscape through engineering infrastructure." As a global leader in clean energy and
excellence. Engineering projects are the foundation of the company's survival and growth; high?level project delivery and infrastructure construction, it empowers every power station,
value?creation management capabilities are essential for healthy and sustainable development. POWERCHINA strengthens bridge, and park with a spirit of craftsmanship. Having
a strong sense of ownership and responsibility, balancing short?term and long?term goals, quality and speed, and visible and participated in landmark projects such as the Three Gorges and
latent achievements, making high?quality engineering products and services the "golden key" to its growth. Baihetan, the company uses rigorous construction techniques
to deliver enduring flagship projects.
Grid?connected generation at the world's highest?altitude
solar?plus?storage project—the Xizang Caipeng Plant
E2.1 The company has established an Engineering Management Department, which
is responsible for the supervision of project performance and investment project
Governance construction. It adheres to high standards and strict requirements, and upholds Our Honors · 2024
transparency, integrity, anti?corruption, HSE (Health, Safety & Environment)
management, and safety?first principles, the company has developed a comprehensive
system of regulations and issued documents such as the Domestic Project Joint Six projects honored with the Tien-yow
Inspection Handbook, Investment Project Construction Supervision Measures, and Jeme Civil Engineering Prize
Company Quality Inspection & Assessment Measures to comprehensively optimize and
enhance project delivery.
Major Projects · 2024
E2.2 Emphasizing Quality Control Full?capacity commissioning of the world's highest?altitude wind
Full?capacity grid connection of the Huangjinxia Water farm—the Xizang Basu Wind Project
Strategy Conservancy Hub in the National Han?Wei Diversion
The company regards project quality as its lifeblood. From design, procurement, and Project
construction through to acceptance, it has established a series of quality supervision
management systems and implements end?to?end quality management to ensure Full?scale commissioning of the Pearl River Delta Water
every stage meets standards. Allocation of National Water Network Backbone Project
Early river diversion took place at the Yalong River Kala
Hydropower Station, the first domestic million?kW
station constructed entirely under an EPC model
Commercial operation of the Deyang Economic
Development Zone Distributed Gas Power Station,
Quality Control the first domestic demonstration project of the G50
Measures gas?turbine unit
Initial impoundment of the upper reservoir at the Jurong Pumped Storage
Engage third?party testing Simultaneous topping?out of the receiver tower and Station—home to the world's largest reservoir?basin fill
agencies for independent main plant building at Qinghai Delingha, the largest
inspections at critical stages standalone tower?type solar?thermal power station in
China
Implement a quality?traceability Grid?connected operation of the Qinghai Hongliu
system with lifetime Electrochemical Storage Station, the largest grid?side
accountability for quality issues storage station in China
Official opening of the WeiYan High Speed Railway
Reward high?quality projects
and enforce accountability Full opening of the Zhaotong Daguang-Yongshan
for quality issues, thereby Expressway in Yunnan
creating effective incentives and
Completion of the National Northwest Regional
constraints
Emergency Rescue Center
Normal impoundment achieved at the Lianghekou Dam—the highest
Specialized Project Quality Inspections rock?fill dam in the world
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
E "POWER" Illuminates Rivers and Mountains; "Build" Eco?friendly Environment
Projects honored with the Tien-yow Jeme Civil Engineering Prize
A key project under the China Western
Development program, which achieved
full-cycle digital quality control in dam
compaction, breakthrough spillway
energy?dissipation technologies, and
combined sand?flushing and penstock
design innovations
Water?Supply Project, Yunnan
One of the 172 major water conservation
projects designated by the State Council
Wujiang River, Guizhou
A key "Tenth Five?Year Plan" project
under the China Western Development
initiative
A landmark project in Guizhou's imple-
mentation of the West?to?East Power
Transmission strategy
Storage Station, Jiangsu
The most geologically challenging and
technically complex pumped storage
station to date
First comprehensive R&D and deploy-
ment of "Digital Dam" technology
Qiandao Lake Supply Project
A major water?diversion project and
the largest water?livelihood project in
Zhejiang Province
Core project for Hangzhou's "Five?Water
Co?governance" and "Ensuring Water
Supply" initiatives
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
E "POWER" Illuminates Rivers and Mountains; "Build" Eco?friendly Environment
Committed to Customer Satisfaction
E3 Innovate to Empower the Future
Our Measures
Customer?centric at all times, we have established a robust feedback management and Guided by national strategic needs, POWERCHINA strengthens its core role in technological innovation, establishes national
Improve innovation centers and overseas R&D platforms at high standards, builds leading innovation teams, constructs a high-
complaint?response mechanism to promptly and effectively address customer objections, protests, or
Mechanisms
standard technology transfer and industry-coordination system, actively fosters new productive forces and continuously
claims related to project execution, product quality or services.
cultivates new growth drivers.
Collect feedback via phone, email, the official website, and customer hotlines. Upon receiving a
Timely
complaint, promptly verify the situation, ensure responsible parties investigate causes and implement
Rectification
corrections, liaise with customers, and provide timely feedback on resolutions.
Honors · 2024
Incorporate into
Appraisals
Establish a tiered complaint?handling mechanism based on issue severity and contractual relationships;
use complaint resolutions as a key factor in annual performance appraisals for responsible parties.
Ranked
and
first
among the "Top 100 Leading Strategic Emerging Enterprises in China"
among central SOEs in construction
Periodic Regularly analyze customer feedback issues to optimize product and service quality management
Analysis systems and processes.
E3.1 POWERCHINA continuously strengthens its innovation system, consciously fulfills its mission
Strengthen schedule management around project timelines, track and supervise the entire project of high-level technological self-reliance, deeply integrates into the national innovation
On?Time
lifecycle, rigorously enforce standardized processes before, during, and after delivery, and enhance Governance system, further solidifies its core role in corporate innovation, and vigorously develops new-
Delivery
the core competitiveness of on-time delivery. quality productive forces. It comprehensively deepens reforms in science & technology
systems and mechanisms, and optimizes resource allocation, with efforts to establish
and improve science-centered, efficacy-oriented technology management and operation
mechanisms; flexibly implement various mid-to long-term incentives; and holistically
E2.3 Risk of Unfair Competition enhance the company's innovation effectiveness. It continuously optimizes the innovation
Impact, Risk & arrangement, identifies and focuses on prime innovation directions, strengthens R&D of key
Healthy competition drives market growth. In today's fiercely competitive market core technologies, accelerates the integration of technological and industrial innovation;
Opportunity environment, the company faces risks of unfair competition. To mitigate this risk, adheres to a "dual-drive" of technology and institutional innovation; promotes industry-
Management the company actively helps build a standardized, orderly market environment and academia-research-application collaboration and upstream-downstream integration;
promotes healthy industry development; issues internal policies such as the Engineering produces pioneering and leading results; and fully drives technology transfer. It strengthens
EPC Business Guidance, the Domestic Project Management Measures and the Major the Party's overall leadership over science and technology work, unites powerful forces to
Construction Project Management Measures to ensure rule-based execution; participates drive innovation, builds robust tech talent teams, reinforces resource-element support,
in industry associations and standards bodies to drive self-regulation; and strictly enforces vigorously fosters an innovation ecosystem, and makes greater contributions to High-quality
antitrust and anti-unfair competition policies to safeguard fair market competition. development and the building of a world-class enterprise.
International Business Risks E3.2 Increase Resource Support
In its international operations, POWERCHINA faces challenges including geopolitical
Strategy
Leveraging its integrated EPCI full-value-chain advantages and long-standing technology
conflicts, legal and regulatory differences, and cultural clashes. To address these, the
in water conservancy and power energy, POWERCHINA mobilizes innovation resources
company has established a robust international risk management system with risk
through demand-side traction and application-driven technology supply. The company
assessments, early-warning mechanisms and contingency plans to enhance risk control.
works closely with universities, research institutes, and leading upstream-downstream
Meanwhile, it cultivates construction-management professionals with cross-cultural
enterprises, tackling key industry bottlenecks, major national projects and urgent
communication skills and an international perspective to ensure efficient project delivery.
construction-technology needs via joint R&D projects.
In addition, by flexibly adjusting business strategies and tailoring market entry and
operational plans to local conditions, the company reduces international business risks
and ensures the safe, sustainable development of overseas operations. Build Innovation Platforms
E2.4 Indicator name
Metrics &
Units
overcome core technology bottlenecks, concentrate advantage resources, lead the
Metrics & Targets First-time acceptance qualification creation of original water-energies technology hubs (approved as SASAC's second batch
% 99.79 99.69 99.80
rate of project quality of key support hubs), spearhead the Central SOE BIM Software Innovation Consortium,
Customer satisfaction % 95.03 94.11 95.50 and form a collaborative digital-transformation platform for central construction SOEs,
demonstrating vibrant tech-innovation momentum across fields.
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
E "POWER" Illuminates Rivers and Mountains; "Build" Eco?friendly Environment
Data Reading · 2024 Incentivize Innovation Talent
The company focuses on attracting and cultivating innovative talent, driven by major technological initiatives, aiming to spark
Added
creative vitality, and builds R&D teams with strong independent innovation capabilities, high initiative, and robust innovation
culture. Systematically implement the "Leaders + Youth + Teams" echelon and tech-leader talent development plans; establish
and improve innovation-assessment systems; fully leverage incentive policies to maximize the vitality of all innovative talent.
national level provincial-level
innovation platforms
Honors · 2024
Owns
national level
provincial-level
Outstanding Engineer" 1 team awarded "National
Outstanding Engineer Team" 1 recipient of the National
"Distinguished Engineer Award"
POWERCHINA led the formation of the Central SOE BIM Software
innovation platforms selected for the National Science National Science & Technology
Innovation Consortium, conducted major R&D on domestically
& Technology Talent Program
The company won
Progress Awards
Landscape and nine key annual achievements, and collaboratively recipients of Special Government China Patent Awards
postdoctoral stations academicians' forged a new BIM and digital-industry ecosystem. Allowances from the State Council
workstations
Enhance Technology Transfer
POWERCHINA Jiangxi Electric Power POWERCHINA regards innovation as the foremost driver of development, vigorously advances key-technology breakthroughs,
Construction formed a "2+7+1+1" The center for Efficient Green- continuously promotes new technologies and processes, and as innovation achievements proliferate, their driving power grows,
innovation carrier portfolio; its "Smart- Energy Construction, Utilization making crucial contributions to new-quality productive forces.
Trust-Energ y-Science Innovation and Industry Support in Yunnan,
Studio" was named a High-Value led by POWERCHINA Kunming
Innovation Platform for Technology Engineering Corporation, was
Innovation Achievements · 2024
Incubation by the China Energy Society successfully approved.
Record-breaking continuous coring Developed key technologies for railway/urban rail, road bridges, seaports and
for 2024-2025.
technology and equipment for ultra-deep, airports; expanded deep-space and green aggregate-industry core capabilities;
high-curvature directional drilling, plus ensured smooth execution of major projects like Jakarta-Bandung HSR, King
ultra-deep hydraulic milling and vibratory- Abdullah Port; provided robust tech support for gravel-investment projects in Qichun
driven pile equipment, supporting 2,000 m and Yanshi New high-stress soft-rock large-deformation excavation and support
deep rock exploration and 600 m ultra-deep technologies and equipment by SINOHYDRO Bureau 7, has successfully applied.
cover treatment in hydropower projects.
The Planning & Design Institute, leading SINOHYDRO Bureau 8 and SINOHYDRO
Continually enhancing core capabilities Bureau 9, co-developed high-quality aggregate-quality control innovations, flexible
in water-network planning, deep urban process control, full-process crushing, shaping, and grading, achieving nearly
water conveyance/drainage, and flood- 100% qualified product rates.
e m e rge n c y re s p o n s e ; p i o n e e r i n g a
"Water Network+Energy, Food, Transport, Continuously deepen integration of next-gen IT (5G, BeiDou, IoT) with management
City" integrated development model and business development; create a suite of in-house digital-tech planning, design
POWERCHINA Kunming Engineering and construction software applied in Baihetan Station (the national strategic
Corporation, POWERCHINA Huadong En- project) and Jakarta-Bandung HSR (the Belt and Road Initiative flagship project),
gineering Corporation and POWERCHINA setting multiple demonstration benchmarks.
Beijing Engineering Corporation respec-
tively advanced Yunnan's provincial wa- Unmanned compaction, TBM intelligent tunneling, and fully automated CNC
ter-network planning implementation, machining for metal structures have been deeply applied in multiple large?scale
integrated water-resource allocation in projects, improving operational efficiency by over 10%; an intelligent mine
central and southern Zhejiang, and flood- production management and control system integrating extraction, processing,
control services in the Beijing-Tianjin- storage, transport, logistics, and security has increased overall efficiency by 10–
Hosted the TBM Exchange Conference Hebei region. 15% while reducing energy consumption by over 50%.
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
E "POWER" Illuminates Rivers and Mountains; "Build" Eco?friendly Environment
Innovation 2024 Our Innovation Milestones
Jan. Feb. Mar. Apr. May.
On January 25, The first batch of 94 wind On February 1, POWERCHINA released a On March 14, China's first domestically On March 20, The Linquan 150 MW wind On April 30, The Shandong Feicheng 300 On May 20, POWERCHINA's
turbines at the Huaneng Qingyang Integrated complete set of corporate standards for clean developed port-fixed tubular-truss 1,200?ton project—the tallest tower?type wind power MW salt?cavern advanced compressed?air investment?designed, domestically most
Wind?Solar Renewable Energy Demonstration energy quotas, becoming the first enterprise mast crane independently developed by project in Asia, built by POWERCHINA— energy?storage demonstration plant— advanced digitalized and fully integrated
Project, constructed by POWERCHINA, in the clean energy sector to do so. POWERCHINA was launched and shipped recorded its first successful grid?connected the world's largest, highest?performance 75 m?water?depth mobile offshore
achieved full?capacity grid connection. from Zhangqiu Port. generation. single?unit CAES station built by comprehensive engineering survey and R&D
POWERCHINA—officially commenced platform was delivered and began operations.
grid?connected operation.
Jul. Jun.
On July 20, China's first set of 1,000 MW On July 16, The first validation unit of COAP On July 2, The Yantai Zhaoyuan 400 MW On July 1, The Jiaowan offshore mining and On June 7, The Xuzhou Chacheng 200 MW On May 20, The Xiaoyuba siphon?arch bridge
ultra?supercritical thermal?power unit boiler technology (integrated low?temperature offshore PV project— China's first large?scale, aggregate processing plant—the world's first storage station—Jiangsu's largest energy? constructed by POWERCHINA,—China's first
feed pumps, developed by POWERCHINA, pollutant removal) built by POWERCHINA at near?shore pile?foundation fixed offshore offshore mine?sand processing facility invested storage power station built by POWERCHINA— upward?supported concrete filled steel tube
successfully passed a full?load trial operation, the Huaneng Linyi Power Plant completed a solar farm under EPC by POWERCHINA—was and built by POWERCHINA—successfully achieved full?capacity grid integration. (CFST) inverted siphon arch bridge, part of the
with all performance indicators meeting 168?hour trial operation, marking the startup of connected to the grid. commenced trial operation, marking a key step Central Yunnan Water Diversion Project—was
operational requirements. the world's first near?zero?emission, integrated toward green and low?carbon development in successfully closed.
low?temperature pollutant?removal project. China's mining sector.
Aug. Sep. Oct.
On July 31, The Fukang pumped storage On August 2, SASAC published the first pilot On August 28, The expansion of Units 5 & 6 On September 1, "Zhumeng," China's On September 20, Unit 1 of the Jurong On October 23, The first unit at Yangqu
power station—the Northwest region's first list for SOE?technology?rights reform. Two (2×1,000 MW) at Haimen Power Plant—China's first domestically built variable?diameter Pumped Storage Power Station in Jiangsu— Hydropower Station—China's first
grid?connected pumped?storage plant built of POWERCHINA's achievements—"Structu first coal?fired project to use opposed?firing vertical?shaft TBM for pumped storage a project that set multiple world records— concrete?faced rockfill dam station—built by
by POWERCHINA—entered full?capacity ral?Dynamic?Performance?Sensing Series" tower?type boiler technology—officially broke power stations, led by POWERCHINA, was built with POWERCHINA's participation, was POWERCHINA, successfully generated power.
commercial operation. and "Low?Carbon?Eco?Material Series"— ground, constructed by POWERCHINA. successfully rolled off the line in Zhengzhou. It commissioned, marking a new generation of
were selected, opening new avenues for will be first used in ultra?deep, large?diameter power generation.
transformation of scientific and technological vertical shafts of domestic pumped storage
achievements. water?conveyance systems.
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
E "POWER" Illuminates Rivers and Mountains; "Build" Eco?friendly Environment
Nov.
On October 25, The Wuhan–Nanchang On October 27, At the Saga 220 kV substation On November 11, Construction began on On November 13, The first PV units of the On November 19, The commission?to? On November 22, The No. 1 downward
which POWERCHINA participated, was ultra?capacitance?configured SVG (Static urban express line—the Changsha–Liuyang project—China's first megawatt?scale Pumped Storage Power Station in Shaanxi— Storage Power Station—constructed by
commissioned, completing the " 日 ?shaped" Var Generator), designed by POWERCHINA, Maglev Express—built with POWERCHINA's offshore PV farm, surveyed and designed the first pumped storage station to begin POWERCHINA—was successfully completed,
UHV AC ring grid in Central China. was commissioned, achieving world?leading participation. by POWERCHINA—were successfully construction in Northwest China—designed marking the first?stage success of "Tianyue",
technical performance. grid?connected. and built by POWERCHINA. the world's first hard?rock TBM with large
gradient and variable diameter.
Dec.
On December 31, The Yinjiang Hydropower On December 29, The first unit at the Dadu On December 27, The Sichuan–Chongqing On December 16, "Jianghan Navigator," On December 14, The Bazhou–Tieganlik– On December 12, The Huaneng Binzhou New
Station—China's first large?scale hydropower River Yingliangbao Hydropower Station— 1,000 kV UHV AC project, built with an open?type TBM jointly developed by Ruoqiang 750 kV power transmission Energy 850 MW offshore PV project—the State
plant built in an urban center, constructed by China'slargest‐diameter diversion‐type POWERCHINA's involvement, was officially POWERCHINA and China Railway Group, project, in which POWERCHINA participated, Council's first approved three?dimensional
POWERCHINA—officially commissioned its plant, designed and built by POWERCHINA— commissioned—raising the grid's backbone rolled off the line in Deyang. was commissioned—China's largest sea?use PV scheme, predominantly built by
first generating unit. was ceremonially commissioned. voltage to 1,000 kV in Southwest China and single?investment 750 kV transmission power POWERCHINA—achieved grid connection of
realizing the UHV AC interconnection vision scheme of the 14th Five?Year Plan period. its initial 600 MW.
for Sichuan and Chongqing.
Led the approval of six national key R&D plan projects and nine products recognized as the first domestic unit at the
provincial/ministerial level—a record high.
Led the issuance of
standards and over
Honors · 2024
The "80 m‐water?depth offshore self?elevating integrated The "Hydropower‐Dam BeiDou Safety Monitoring and Emergency Remote
survey platform" is currently China's deepest?applicable, Control System" developed a BeiDou?integrated static high?precision solution
fastest?elevating, and most accurately positioned integrated algorithm suited for high?head dams, achieving optimal positioning accuracy up
The National Energy Administration released the Top 10 Energy?Industry Sci?Tech Innovation Achievements of 2024 and the offshore?wind survey/test platform; it is crucial for ensuring to 1 mm. It meets high?head dam deformation monitoring requirements and is
Top 10 National Energy R&D Innovation Platform Achievements of 2024 , with two POWERCHINA achievements selected. survey, design, construction, and O&M of deep?sea wind vital for ensuring safe, stable operation of China's hydropower dams.
projects.
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
E "POWER" Illuminates Rivers and Mountains; "Build" Eco?friendly Environment
Building Digital POWERCHINA E3.3 Market Competition Risks
Impact, Risk &
POWERCHINA is scaling up and specializing its "Digital" business, proactively integrating technologies such as 5G, BeiDou, and
artificial intelligence with corporate operations, management, and industrial transformation. We have developed a suite of
Opportunity With rapid technological iterations in the industry, any delay in adopting emerging
technologies—such as intelligent construction or green?material applications—could
homegrown digital?intelligence products for engineering survey, design, and construction, substantially enhancing our industry Management erode our products' and services' market competitiveness. Moreover, fierce competition
capabilities through digital intelligence. in new energy, digitalization, and green construction, along with the rapid rise of
cross?sector players, further challenges our market position. Accordingly, POWERCHINA
Digital POWERCHINA · 2024 has built a comprehensive risk management framework: Establishing a dynamic
technology evaluation mechanism to optimize R&D focus and resource allocation;
Deepening industry?academia?research collaboration to accelerate technology incubation
with universities and research institutes; Strengthening market?demand orientation and
driving deep integration of the innovation chain with the industrial chain; Concentrating
POWERCHINA Zhongnan Engineering Corporation's on strategic emerging fields—energy storage, renewables, etc.—to cultivate differentiated
visual?inspection system fills a domestic gap in AI?based, competitive advantages. Through forward?looking risk control and an innovation?driven
full?life cycle turbine inspection. It was selected as a strategy, we continuously enhance our technology leadership, injecting new momentum
winner in the MIIT's AI Industry Innovation Tasks pilot into sustainable development.
program.
E3.4 Indicator name
Metrics &
Units
Metrics & Targets RMB 100
Technology R&D input 208.11 232.30 242.68
Million
Technology R&D personnel Person 21,862 22,356 22,895
POWERCHINA Northwest Engineering Corporation's
Annual patent applications Item 6,591 9,099 10,608
p ro j e ct o n " D i g i ta l ?Tw i n Ke y Te c h n o l o g i e s fo r
Reservoir?Flood Control 'Four?Pre' Applications" was
Annual patent licenses Item 7,454 7,092 8,629
named one of the "Top 10 Solutions" at the 7th Digital
China Summit.
SINOHYDRO Bureau 12's in?house "Vertical?Shaft
Intelligent Construction Platform" is applied to manage
the construction of 700m ultra?deep hard?rock shafts,
providing robust intelligent?construction support for
major infrastructure in challenging geologies.
POWERCHINA Hubei Engineering developed the "Anyuan
Digital Platform," China's first public?benefit learning
platform in the power?sector safety and environmental
protection field, enhancing digital?intelligence
management across the power industry.
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
E "POWER" Illuminates Rivers and Mountains; "Build" Eco?friendly Environment
Promote Green Office
E4 Promote All-round Green Development The company fosters a green, low?carbon office environment, promotes eco?friendly work practices, continually expands
green?office initiatives, and reduces daily office carbon emissions.
Green development is a pivotal concept for China's overall development, essential for overcoming resource?environment
Green?Office Practices
constraints, transforming growth method, and achieving high?quality sustainable development. POWERCHINA deeply
studies and implements Xi Jinping's ecological?civilization thought and the Third Plenary Session of the 20th Central
Committee spirit. We earnestly carry out CPC Central Committee, State Council, and SASAC directives, fully integrate Promote paperless Encourage green Use energy?efficient Regulate air? Enforce waste
"Dual?Carbon" initiatives into reform and development, lead green?low?carbon energy transitions, continuously advance workflows commuting lighting conditioning settings sorting & disposal
carbon reduction, pollution control, afforestation, and growth, extend the green?development value chain, and support
ecological?civilization construction.
E4.1 Enhance Environmental Management
Promote
Low?Carbon POWERCHINA continuously deepens its low?carbon business philosophy in operations,
strictly complies with the PRC Environmental Protection Law and local regulations,
Operations and places high importance on environmental management. We have issued multiple
management regulations, continuously improved our environmental?management
organizational structure, and actively established an effective environmental?management
system. During the reporting period, environmental performance remained stable with no
major environmental incidents. Penalties for issues such as inadequate water?pollution Hebei Engineering Company piloted a "Green, Low?Carbon, Smart" campus leveraging existing resources and viable advanced
controls have all been rectified, and our green?low?carbon efforts were rated "Excellent" technologies, creating a safe, green, low?carbon, IoT?enabled, comprehensive energy utilization demo office park.
among central SOEs (State-Owned Enterprises).
Data Reading · 2024
Total environmental Organizational The Energy Conservation & Environmental Protection Leading Group Standard Measures for Supervision & Management of Reporting & Investigation Measures for
expenditure directs ESG efforts. The Safety, Quality & Environmental Supervision Energy Conservation & Environmental Protection Environmental Protection Incidents
Safeguards System
Department manages day?to?day ESG work. All departments undertake
RMB billion "dual responsibilities" for energy savings and environmental protection. Assessment Measures for Energy Conservation & Selection Measures for Green‐Construction
Environmental Protection Demonstration Projects
At subsidiary level: Key regulated entities must establish dedicated ESG
oversight units under the Supervision Department with at least one Statistical & Monitoring Measures for Energy Expenditure Management Measures for
specialized full?time ESG officer; general entities require one full?time Conservation & Environmental Protection Environmental Protection
ESG officer.
Monitoring & Published Statistical & Monitoring Measures to specify principles, data content, report formats, and KPIs;
Emergency Issued the Emergency Response Plan for Environmental Incidents (2024
Edition) , detailing emergency organization, prevention & warning, Assessment
Measures Published Assessment Measures to define evaluation methods, scope, procedures, ratings, and
response, support, publicity, training, and drills.
incentives/penalties.
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
E "POWER" Illuminates Rivers and Mountains; "Build" Eco?friendly Environment
E4.2 Construct Green Projects
Wind Power Powerful Winds Drive and Illuminate the Night. The wind farms invested,
Practice Green Projects Newly installed developed, built, and operated by POWERCHINA stand like steel
Establish clean?energy hubs to drive green growth. As a global leader in clean?low?carbon
Construction energy infrastructure, POWERCHINA leverages integrated planning, design, EPCI, and
capacity of wind power giants between mountains and sea. From the world's highest?altitude
operations to advance hydropwer?wind?solar?storage integration and deep?sea wind
projects. We actively explore synergies between green finance and green industry to 2.04
kilowatts
million
Datang Basu Wind Farm to the world's largest single?unit floating wind
platform "Wind Twins". Each turbine, erected in vast sea, rolling hills,
and expansive grasslands, captures the mighty wind, converting it into
accelerate the pace of the energy transition.
surging power that propels the world forward.
Data Reading · 2024
Awarded
commissioned in the year Case: 185 m! Asia's Tallest Hybrid?Tower Wind Turbine Project Commissioned
Year-on-year growth rate of
In 2024, the 300 MW Fuyang South Wind?Solar?Storage Base in Anhui Province achieved full?capacity grid connection—
China's first onshore wind farm to demonstrate a 66 kV on?site boost and power collection system—selected as a 2024
Green?Tech Innovation Case .
Photovoltaic Sunlight Shines, Illuminating Brightness. The PV projects built by
Projects POWERCHINA are like a glittering Milky Way across the country, from the The project's total installed capacity is 300 MW, with 60 turbines at a 160 m hub height, including one 185 m hub?height
million kW Asia's largest 1,050 MW solar farm in Tera, Philippines, and Asia's largest
Once operational, it will generate about 650 million kWh annually, save approximately 199,600 tons of standard coal and
of New PV Installed agro?solar complementary "Coke Dala" ultra?large agrivoltaic super?farm
cut CO2 emissions by 549,000 tons per year, easing local environmental pressure and fostering low?carbon economic
Capacity by CERC……Each solar panel, perched atop hills, along desert fringes, or
growth.
floating on water, captures and follows the light, transforming it into the
most vibrant energy between heaven and Earth.
Case: Nation's Largest Agrivoltaic "Floating+Fishery" Project Grid?Connected
Power on Water, Aquaculture Below. In 2024, the Cangzhou "Green Port Hydrogen City" New Energy Project—China's
largest agrivoltaic scheme surveyed, designed, and constructed by POWERCHINA—was grid?connected. Capitalizing on
Cangzhou's rich natural resources
and thriving aquaculture sector, the
project pioneers key technologies
for seawater-pond PV integration,
forging a new path for combining
photovoltaic power generation
with marine aquaculture.
Upon commissioning, the project
will generate approximately 1.86
billion kWh annually—enough for
year, cut CO2 emissions by about 1.4
million tons, and deliver substantial
economic, environmental, and
Anhui Fuyang South Wind?Solar?Storage Base Funan 300 MW Wind Project
social benefits. Cangzhou "Green Port Hydrogen City" New Energy Project
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
E "POWER" Illuminates Rivers and Mountains; "Build" Eco?friendly Environment
Energy Storage Green Finance
Projects The company emphasizes industry linkage and strategic synergy, exploring integration of
POWERCHINA is deeply expanding into geothermal, biomass, hydrogen, storage, and integrated Projects Water, Energy, and City sectors with finance and digital industries to create a new engine for
energy markets; actively participating in smart?energy and smart?grid construction; continuously
green?low?carbon, high?quality growth and financing revenue; issues green funds and bonds;
increasing investments in clean energy; driving energy?structure transformation; and supporting
secures green loans for pumped storage, PV/solar?thermal investments; employs financial
the carbon peaking and carbon neutrality goals.
leasing to support new?energy chemical storage; and actively registers and trades carbon assets
and green certificates—building a "Finance+Industry+Ecology" model. By issuing China's first
public hydropower REIT and Sichuan's first public REIT—the POWERCHINA Clean Energy REIT—
the company has expanded China's infra?REIT market into the hydropower sector, providing an
innovative model for financing transformation under the "Dual?Carbon" strategy.
Case: Record?Breaking! World's Largest Compressed?Air Energy?Storage Station Under Construction
The Huaneng Jintan Salt?Cavern CAES Phase II project—co?built by POWERCHINA Shandong No. 1—is currently the world's On March 28, 2024, the POWERCHINA Clean Energy Closed?End Infrastructure Securities Investment Fund ("POWERCHINA
largest single?unit CAES station by capacity, total capacity, and overall efficiency. Qingyuan REIT") successfully listed on the SSE—China's first public hydropower REIT—further expanding the public REIT market.
The project plans two 350 MW non–reheat CAES units, The underlying asset of
offering 8 hours of storage and 4 hours of generation, with POWERCHINA Qingyuan REIT is the
energy?conversion efficiency over 70% and 2.8 million Wu Yi Bridge Hydropower Station
kWh per cycle—enough for 100,000 EVs. It overcame (Units 1–5) in Jiulong County,
critical?technology bottlenecks by developing the world's Ganzi Prefecture, with 137,000
most advanced air turbines and compressors, achieving kW capacity, operating safely
stable returns and clean?energy
Upon completion, it will generate 924 million kWh/year,
advantages—highly recognized by
save over 270,000 tons of standard coal, reduce CO2
investors.
emissions by over 520,000 tons, and fill China's gap in
large?scale CAES commercialization. Since its listing, POWERCHINA
Huaneng Jintan Salt?Cavern CAES Phase II Project Q i n g y u a n R E I T h a s a ct i v e l y
supported the development of
clean energy and infrastructure,
contributing to the optimization of
China's energy mix and advancing
sustainable development.
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
E "POWER" Illuminates Rivers and Mountains; "Build" Eco?friendly Environment
Green Projects, Forge a New Ecological Landscape
The Padma Bridge River Training Project Chaohu, located in central Anhui Province, is
undertaken by POWERCHINA is the world's one of China's five largest freshwater lakes.
largest river?training program, located The Shiba Lianwei Wetlands on its northern
approximately 40 km southwest of Dhaka, shore is the premier wetland among ten
Bangladesh. Spanning 7.8 km with 40 around the lake and a vital ecological shield.
in?water piers, it is locally celebrated as the Since late 2019, POWERCHINA has carried
"Bridge of Dreams." out Phases II and III of the Shiba Lianwei
Wetlands Restoration Project, achieving
The Padma River carries an annual discharge notable results: 320 ha of wetland restoration,
of 1.31 trillion m? and is known as one of 268 ha of vegetation cover, and 410 ha of
the world's most volatile and unpredictable biodiversity conservation work. With all ten
rivers. Year?round sediment loads are lakeside wetlands now fully restored, Shiba
immense; from low?water to flood season, Lianwei Wetlands has become the world's
water levels can rise by over 5 m and surface second?largest, and Asia's largest, near?natural
currents exceed 4 m/s. During floods, most of constructed wetland. In 2024, Shiba Lianwei
the riverbed is scoured to depths beyond 45 Wetlands received multiple honors. In March,
m, only to refill completely in the dry season. it was Anhui's exclusive representative in
Upon completion, the project ensures the the Ministry of Natural Resources' "China
Padma Bridge's structural safety and guards Landscape Engineering" case studies; in April,
the livelihoods of communities on both it was selected as an outstanding example in
banks. the UN Decade on Ecosystem Restoration and
showcased globally—the first such Chinese
landscape engineering project of the 14 FYP
period.
The Jiujiang Duchang Cailing Town Sewage In 2024, the Fenshan Nabeing and Bula-
Treatment Plant—part of POWERCHINA's oshan wind farms in Guangxi successfully
Yangtze River Protection Initiative—entered connected 16 turbines to the grid. As the
operation in 2024. It provides critical sup- county's first new energy generation venture,
port for the Poyang Lake ecological barrier these projects have played a pivotal role in
and drives green?low?carbon, high?quality optimizing the local energy structure and
development along the Yangtze Economic ecological environment. POWERCHINA also
Belt. Since commissioning, its treatment implemented three-dimensional ecological
facilities have operated smoothly; treated restoration—planting trees, shrubs, grasses,
effluent, undergoing multiple purification and vines. By replacing galvanized wire mesh
stages, flows continuously into Poyang Lake, with natural coir rope in slope seeding, seed
sustaining the ecological vitality of China's germination exceeded 91%, vegetation cover
"Mother River." surpassed 95% after six months, and annual
substrate erosion fell below 1%, illuminat-
ing Fenshan County's green transformation
path.
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
E "POWER" Illuminates Rivers and Mountains; "Build" Eco?friendly Environment
Implement Green Construction
Harmony between humanity and nature is the essence of high-quality development.
In project development and construction, POWERCHINA continuously promotes
green building materials and energy recycling technologies to reduce construction
and operational energy use, cut waste emissions, and achieve coordinated economic
growth and ecological protection.
Construction Drawings of the Gaoming Water Conservancy Project
Resource Management
Adopt advanced water-saving construction techniques and strictly control water Prohibit use of equipment explicitly prohibited by national regulations; prioritize
usage; utilize non?conventional sources (rainwater and reclaimed water) by installing state? and industry?recommended energy?efficient, high?performance, eco?friendly
collection and reuse systems, by installing collection and reuse systems. machinery, favoring variable?frequency drive systems.
Keep ledgers for all major energy?consuming equipment; conduct regular
Install water-efficient fixtures and post clear signage at water points. maintenance to ensure optimal operating conditions.
Water
Energy
Resource
Management
Management Promote integrated wastewater treatment, closed-loop dewatering systems, Conduct periodic monitoring per national standards for scope, metrics, and
and advanced water reuse technologies. conversion factors; establish energy?consumption records and reinforce quota,
metering, and statistical management.
Meter water usage separately in production, office, and living areas and maintain
Leverage local renewable resources—solar, geothermal, wind—to supplement
detailed usage records.
energy needs.
At the POWERCHINA Research and Development Tower
project, we developed and applied a BIM?based integrated
In the Changchun Hi?Tech Optoelectronics design and construction method for photovoltaics
Industrial Park Phase III, employ PP?module and wind power in supertall buildings. By refining the
water tanks to collect rooftop and pavement integration of PV modules and wind turbines into the
runoff, filter and store via inter?module building structure and fully utilizing rooftop space, we
gaps and perforations, and reuse for surface established a unified rooftop solar and wind generation
cleaning, landscape features, and irrigation— system. This approach reduced construction costs by
substantially improving water use efficiency. nearly six percent and saved 300,000 kWh of purchased
electricity annually, enabling comprehensive use of clean
energy and lowering the building's energy consumption.
In adherence to the principle of Material usage plans are developed based on New materials such as fly ash, slag, and admixtures are Reusable materials are promoted, solid waste
Develop the
local sourcing, priority is given to construction schedules and inventory status, with utilized to lower cement consumption, while flash-butt is sorted and recycled, and technologies are
Circular
green, eco-friendly, recyclable, systems for controlled issuance, material conser- welding and coupler connections are adopted to reduce applied to reduce and recover construction
Economy
and reusable materials. vation, and strengthened on-site management. rebar usage. waste.
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
E "POWER" Illuminates Rivers and Mountains; "Build" Eco?friendly Environment
Pollution Prevention and Control
We control oil pollution during machinery operation and maintenance, and prevent direct discharge
of wash water and waste oil.
At construction sites, drainage ditches and sedimentation pits are installed. Temporary kitchens To meet the needs of sand and gravel plant wastewater
are equipped with grease traps and temporary toilets with septic tanks. All wastewater treatment treatment in hydropower construction, we developed
Wastewater facilities are lined with impermeable materials to prevent groundwater contamination. a new technology centered on dewatering using plate-
Management frame or box-type filter presses. This process significantly
We employ integrated water reuse technologies to reduce wastewater discharge. enhances treatment efficiency and delivers results
exceeding industry standards.
We test water quality when using non?conventional or on?site recycled water.
We maintain detailed records of all wastewater volumes discharged.
At wind speed above level four all Exposed soil and spoil piles are
At the Guanyinshan granite quarry in Yunfu, we use
earthworks, backfilling, transport and other covered, stabilized or vegetated to
large?span inflatable eco?membrane warehouses with
dust?generating activities are halted. suppress dust.
Dust fully enclosed design to isolate aggregates from the
Pollution environment, effectively minimizing dust, noise and
Control Indoor construction waste is removed via We install automatic sprinklers and
pollutant emissions at the source.
enclosed chutes or sealed containers. mist systems for comprehensive dust
suppression.
Waste Gas
Management
Portable exhaust analyzers are used to Welding fumes are controlled with local
monitor emissions. exhaust ventilation and filtration. For the Fukang pumped storage project in Xinjiang,
Exhaust
we balanced cut?and?fill earthworks in advance, using
Emission
Control Diesel machinery smoke opacity must meet Open burning of materials that emit spoil to build downstream berms that meet compaction
the current Non?road Diesel Machinery toxic or harmful gases is forbidden. and stability requirements—fully reusing all excavated
Emission Standards ; banned equipment is material, eliminating the need for a spoil disposal site
strictly prohibited. and minimizing land use.
Waste Solid waste is categorized, collected, and stored in enclosed areas in compliance with relevant regulations; We advocate for the reuse and recycling of surplus We record and categorize all solid waste volumes and
Management closed refuse stations are used and domestic and construction waste are segregated and removed materials and construction waste. store them centrally as required.
promptly.
Construction layout shall be made Sound insulation screen shall be installed on the Noise online monitoring, early warning and alerts shall The construction workers shall be equipped with noise
Noise reasonably, construction time shall be construction site, low-noise equipment shall be used be performed in combination with big data and Internet reduction protection tools such as earplugs and earmuffs,
Management arranged reasonably, and the noise shall and no-sound sign shall be set up during construction. of Things technologies. and noise pollution prevention and control during
be controlled from the source. construction shall be carried out in an all-round way.
Light The site lighting shall be uniformly and reasonably arranged for night construction. Energy-saving Electric welding operation shall be handled in a centralized manner. Necessary shielding measures shall be taken for welding on
Pollution lamps shall be selected, and the shaped lampshade shall be installed for the lighting lamps. The the construction site to avoid strong light pollution during construction to the maximum extent.
Management direction and range of lighting shall be adjusted timely to avoid pollution of light source.
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
E "POWER" Illuminates Rivers and Mountains; "Build" Eco?friendly Environment
Case: Success! The fully captive breeding of the first?class national protected
Sichuan–Shaanxi golden trout
At the May 6, 2024 technical appraisal meeting in Chengdu experts declared the POWERCHINA?led "Golden Trout Captive
Breeding Technology Research" a success, marking China's global first in breeding this endangered flagship species of the
Upper Yangtze.
The Sichuan–Shaanxi golden trout is the
flagship species of the Upper Yangtze and
a first?class national protected animal.
At the launch of the Bala Hydropower
Station project in Aba Tibetan and
Qiang Autonomous Prefecture, Sichuan,
POWERCHINA enforced strict ecological
protection. In 2016, it led research
institutes to pioneer captive breeding of
the wild Sichuan–Shaanxi golden trout
in the Dadu River basin, raising several
generations and establishing China's only
captive population—critical for species
conservation and the restoration of
aquatic biodiversity. First?generation adult Sichuan?Shaanxi taimen
The restored Shiba Lianwei Wetlands has become a haven for waterfowl
Promote Environmental Awareness
The company strengthens its foundation through publicity. Leveraging World
Environment Day, Energy?Saving Publicity Week, National Low?Carbon Day and Data Reading · 2024
E4.3 Protect Biological Diversity National Ecology Day as opportunities, it carries out a wide range of learning and
outreach activities in diverse formats to promote green low?carbon concepts,
Wholeheartedly disseminate green low?carbon knowledge and raise awareness among all employees.
environmental
Safeguard Ecology During construction we optimize methods to minimize ecological impact, implement It also upholds targeted training by organizing specialized sessions for energy?saving
training sessions delivered
biodiversity offset programs, monitor and maintain ecological flow, and take various and environmental?protection managers to instill relevant management systems,
measures to protect watershed environments, thereby contributing to a thriving planet explain key annual initiatives and enhance project leaders' environmental awareness
through concrete action. and control capabilities. A series of public interest environmental campaigns further
contribute POWERCHINA colleagues' efforts to ecological improvement.
On World Environment Day 2024 the Biodiversity survey at the Laos Monsoon Kenya geothermal plant staff rescue a buffalo
hydropower industry jointly released 16.72 Project calf from an abandoned well.
million juvenile fish to joyful homeward
journeys. SINOHYDRO Bureau 11 organized voluntary tree?planting China Electrical Construction Group Guizhou Engineering held
Environment Day events
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
E "POWER" Illuminates Rivers and Mountains; "Build" Eco?friendly Environment
E5.2 In the context of achieving the carbon peaking and carbon neutrality goals, POWERCHINA
E5 Tackle Climate Change Strategy
actively analyzes policy trends, proactively formulates response strategies, follows the "2-
issues Guidelines on Practicing Carbon Peaking and Carbon Neutrality Goals , conducts
climate change scenario identification and risk and opportunity analysis, assesses
In recent years climate change has become a focus worldwide. To meet the goals of the Paris Agreement , the blueprint impacts on the company's business model, value chain, finances and strategy, clarifies its
for global carbon neutrality is steadily unfolding. POWERCHINA actively responds to the national call, attaches great development resilience under different climate scenarios, and explores practical paths to
importance to "Dual Carbon" work, conducts research on pathways to achieve the carbon peaking and carbon neutrality achieve carbon peaking targets and the carbon neutrality vision.
goals, continuously strengthens climate?related risk management, enhances carbon emissions management and carbon
asset management, identifies and assesses the practical challenges and potential impacts of climate change on the
company, and incorporates them into strategic planning and operational practice, making POWERCHINA's contribution
to the global governance framework for addressing climate change. Strategic route of "2-4-3-12-6" for carbon peaking
E5.1
Governance
POWERCHINA will help ensure that "Dual Carbon" is fully integrated into corporate
governance, strengthening top?level design to drive implementation of "Dual Carbon"
work and realization of its targets. The company has established a governance framework
general purpose and industry characteristics
composed of the board of directors, management and execution levels, clarifying
management and oversight responsibilities at each level, and under this framework is Focus on the main business of
gradually exploring and improving an effective governance system to address climate “water, energy, urban development and digitalization”
change risks and challenges. At the same time, the company has set up a Leading Group
for Carbon Peaking and Carbon Neutrality Work, chaired by Party Committee Secretary
and Chairman Ding Yanzhang, with Party Committee Deputy Secretary and General Integrate the three key phases of
Manager Ren Wangbin as Executive Leader and other members of the management team “investment, construction and operation”
as Deputy Leaders, strategically promoting the company's response to climate change
and the realization of green, low?carbon, sustainable development.
Promote 12 key tasks including green and low-carbon
development
Board of Directors
The highest leading and decision-making body for climate-related issues, is responsible for approving the Company's
climate change management strategy to ensure that it is consistent with the Company's long-term development
objectives; is responsible for approving the medium and long-term plan and annual plan of the Company's climate change
management to ensure that the plan is feasible and effective and can adapt to the changing climate risks and challenges;
energy saving and carbon reduction
is responsible for supervising the process and results of climate change risk and opportunity identification, examining and
reviewing the climate change-related objectives, and regularly hear reports from management level on climate change
issues and making suggestions.
E5.3 POWERCHINA conducts comprehensive risk assessments, identifies major uncertainties,
and takes corresponding measures in the short term, medium term and long term to
Management Level Impact, Risk & enhance climate adaptability, reduce risks posed by climate change, seize development
The management layer is responsible for planning and implementing the Company's climate change risk management Opportunity opportunities in the low?carbon economy and promote the company's green, low?carbon
development.
work, formulating major policies and strategic plans, identifying climate change risks and opportunities, coordinating, Management
deploying and supervising the risk management work in all relevant fields, and ensuring the strong promotion of action
plans to achieve carbon peaking and carbon neutrality.
Execution Level
The executive layer is responsible for undertaking the Company's low-carbon development goal, implementing the
Company's relevant decisions on climate change, refining the task objectives, planning key tasks in line with standards
and goals and effectively implementing the work plan.
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
E "POWER" Illuminates Rivers and Mountains; "Build" Eco?friendly Environment
Risk Identification and Response Strategies
Identification process：Track domestic and international climate change policy developments; Assess the
risk
competitiveness of existing technologies and equipment; Understand consumer demand for low?carbon products
through market research.
Policies and regulations Reputational risk
The entry into force of the Paris Agreement has significantly accelerated the global response to climate change. In 2022 the Engineering construction companies play an important role in tackling the climate change challenges in the world, and naturally
European Union reached agreement on carbon emissions?trading reform and will impose carbon tariffs from 2026; The national face even more severe pressure of carbon emission reduction. Stakeholders are increasingly concerned about the impacts of global
voluntary greenhouse?gas emission?reduction trading market was officially launched in Beijing on January 22, 2024,; Politburo warming and climate change. If no appropriate actions are taken, this will damage brand reputation. Therefore the company must
Standing Committee member and Vice Premier Ding Xuexiang attended and announced the market's start; In August 2024, the transparently disclose planning schemes and implementation paths under the carbon peaking and carbon neutrality goals to
CPC Central Committee and the State Council issued Opinions on Accelerating the Comprehensive Green Transformation of minimize reputation risk.
Economic and Social Development , proposing measures to accelerate a full green transition. Domestic and international policies
and requirements are constantly evolving, placing higher demands on corporate low?carbon development.
Coping strategies Coping strategies
Strategic adjustment: Incorporate response to climate change into corporate strategic planning and Promote green and low?carbon development：
develop specific action plans and targets.
The Company has undertaken energy-saving retrofits, upgraded construction
Green transformation: Implement the CPC Central Committee and State Council's Opinions on equipment, and replaced fuel-powered heavy-duty trucks with electric vehicles to
ons Re
Accelerating the Comprehensive Green Transformation of Economic and Social Development,
lati pu reduce carbon emissions. It invests in renewable energy projects to optimize the energy
focus on "water, energy, urban development, digitalization" industries to build a spatial
gu ta
t structure, develops low-carbon products and expands the green market. In addition,
pattern for green, low?carbon, high?quality development, accelerate upgrading of re the Company promotes joint emission reductions among upstream and downstream
io
d
traditional industries, develop strategic emerging industries and lay out future industries;
na
enterprises in the supply chain and strives to establish a green brand to enhance market
an
Leverage green development evaluation as opportunities to continuously advance
l ri
competitiveness.
ies
comprehensive green transformation of subsidiaries.
sk
Monitor market changes: Closely follow national carbon?market and carbon?asset
Polic
trading policy updates, strengthen engagement with the National Energy
Administration, Ministry of Ecology and Environment, Beijing Green Exchange,
Shanghai Environment and Energy Exchange and other agencies, reinforce
green?certificate and green?electricity trading, carbon trading, innovate business Market opportunity
models and explore new avenues for profitability.
The adjustment of energy structure is a key way to realize carbon neutrality in
China. In recent years, there has been a surge of policies on new energy, new
Technical risk energy storage, hydrogen energy and other clean energy. This has propelled
China's clean energy industry into a phase of explosive growth, presenting broad
nity
As the world is experiencing a new round of scientific and technological revolution
prospects and unlimited opportunities.
Tec
and industrial transformation, enterprises are faced with the uncertainty brought by
rtu
hn
technological transformation. Future markets placed higher requirements for technological
po
al p
ic
accumulation and technological innovation capability of enterprises, and enterprises need to
strengthen the effective connection and organic integration between basic research and applied
ris
k eto Coping strategies
k
research based on market demand. Enterprises also need to construct an innovation ecology of Mar Explore new industries, business formats Optimize the layout of green and low-carbon
efficient and coordinated supply and demand of science and technology, and assist the "carbon and models： industries：
peaking and carbon neutrality" process with scientific and technological innovation.
We shall accelerate the development of water We shall strategically focus on the development
environment and water ecological business, of the main businesses of "water, energy, urban
vigorously develop green sand business, undertake development and digitalization", and shift
Coping strategies
renovation of high energy consumption equipment, low- the focus of investment to the development
Strengthen technological innovation and R&D: Guided by national strategic needs, we will reinforce the leading role of scientific carbon sludge treatment, and photovoltaic power generation; and construction of new energy projects, and
and technological innovation, establish national innovation centers and overseas R&D platforms at high standards, build a robust We shall also upgrade to high-efficiency energy-saving water pump, establish a negative investment list and divest
system for technology commercialization and industry collaboration, continuously invest R&D funds and advance innovation and maglev fan, high-voltage frequency converter, high-precision metering and from the inefficient and ineffective high-carbon
R&D in integrated water?wind?solar?storage, deep?sea wind power, solar power, hydrogen energy and other new technologies. dosing equipment, etc. asset enterprises.
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
E "POWER" Illuminates Rivers and Mountains; "Build" Eco?friendly Environment
Identification process：Historical climate data and future predictive models are collected. Geographic Information Assessment of Strategic and Business Model Impacts
risk
Systems (GIS) are utilized to assess asset exposure risks. Collaboration with local meteorological departments and
research institutions is established to obtain professional support.
Actively expand into overseas Increase R&D investment to Under the carbon peaking and
markets, particularly countries develop new technologies such carbon neutrality goals, the
along the "Belt and Road as smart grids and energy storage, nation has introduced multiple
Impacts on Extreme weather events
Initiative", to share the benefits enhancing core competitiveness new energy investments. The
Climate change has led to an increased frequency of extreme weather events, such as wildfires, of global energy transition company closely follows national
heatwaves, hurricanes, and floods. These events may cause construction delays and delivery difficulties, industrial policies to identify
increasing risks to business operations and product maintenance. International Technological better opportunities and focal
Integrate the concept of green Expansion Innovation
points for strategic transformation,
development into the company's
Coping strategies vigorously developing wind power,
strategy and increase investments Green Transition
photovoltaics, solar thermal,
Improve product, engineering and service quality: We shall prepare for the establishment of high- in clean energy and green Transformation Opportunities
Strategic Level pumped storage, and new power
end platforms such as National Technology Innovation Center and effectively foster the development infrastructure
systems. The state provides favorable
of original technologies in strategic emerging industries. Furthermore, we have, for the first time, low-interest loan support to enhance
included certain electric equipment in our annual framework procurement catalog. We continue to project payment guarantees
promote independent innovation of manufacturers, and boost the R&D of new energy equipment.
Promote smart management for "carbon peaking and carbon neutrality": We shall complete the role
change of "POWERCHINA Cloud" from operation and maintenance to operation, integrate multi- As consumer demand for low-
infrastructure construction experience by using Internet, 5G+Internet of Things, big data and other carbon products rises, it is
Transition from traditional Domestic carbon
technologies, we will integrate our extensive multi-infrastructure construction experience to strengthen Diversified Business Model Level taxes and the EU imperative to build a green
engineering contracting to Carbon Border
digital technical support for the full lifecycle management of complex, cross-domain projects. Development Adjustment and low-carbon supply chain
diversified business models Mechanism will
encompassing investment,
increase costs to reduce carbon emissions
Promote the development of "carbon peaking and carbon neutrality" management platform: We shall
Industrial throughout the entire process
carry out the informatization demand analysis of carbon peaking and carbon neutrality and carbon operation, and services Digital
Chain
Transformation
asset management, promote the development of the Group's "carbon peaking and carbon neutrality" Integration
management platform, and improve the "carbon peaking and carbon neutrality" management capability.
Develop contingency plans for extreme weather events.
Strengthen the integration of Utilize technologies such as big data
upstream and downstream industrial and artificial intelligence to improve
chains to enhance resource project management efficiency and
integration and risk resilience risk control capabilities
Chronic climate change
The continuous rise in global temperatures is anticipated to trigger long-term, gradual "chronic" physical
risks, such as droughts, which pose significant threats to human socio-economic activities, livelihoods, E5.4 Power Construction Group's 2030 Carbon Peak Targets
and ecological environments. These risks may impact the operation of offshore wind turbines and lead to
supply shortages from vendors.
Indicators Reduce carbon dioxide emissions per 10,000 yuan of output value (operating revenue) (at
and Goals comparable prices) by 33% from the 2020 level
Coping strategies Reduce comprehensive energy consumption per 10,000 yuan of output value (operating revenue)
(at comparable prices) by 28% from the 2020 level
Exploring life-cycle carbon management. POWERCHINA INTL released the Working Standard for
Carbon Footprint/Carbon Neutrality of International Engineering Projects, and POWERCHINA Beijing Ensure that the revenue share of strategic emerging industries is not less than 30%
Engineering Corporation Limited conducted the research on life-cycle carbon footprint accounting
and carbon emission reduction benefit assessment for pumped storage power stations. Ensure that investment in green and low-carbon industries account for no less than 15% of total
capital expenditures
Controlling Total Carbon Emissions and Intensity: The total carbon emission shall be managed according
to the three businesses of "power generation, building construction and equipment manufacturing"; For Ensure that R&D investment in green and low-carbon technologies account for no less than 1% of
coal-fired power station, we shall implement the measures such as circulating fluidized bed and three- total capital expenditures
transformation linkage to reduce carbon emission; The "five new" technologies of survey and design
Ensure that the newly installed capacity of new energy in the power generation sector is not less
than 50 GW (gigawatts) over the 2020 level, and the proportion of non-fossil energy installed
and the "ten new technologies" of construction industry shall be applied.
Optimization of Supplier Layout: Establish a comprehensive material procurement and allocation capacity is not less than 90%
mechanism based on business needs.
*The above figures are based on Power Construction Group's standards
S
"POWER" Illuminates Life
"Build" a Happy and Beautiful Society
With our eyes on the stars and our feet on the ground, we unite our hearts and persevere with resolve. As a pioneer of
advancing global connectivity and a committed practitioner in sharing development outcomes, POWERCHINA always
puts people first and acts with heartfelt dedication. We ground ourselves in the people, draw strength from the people,
undertake great endeavors together with the people and spare no effort to fulfill the people's aspiration for a better
life!
Ensure Safe 77
Build Overseas Employee 81
Connectivity with 69 Development
Sincerity Enhance People's
Partner Livelihood and
for Shared Well-being
Success
POWERCHINA Guiyang Engineering Corporation explores new paths to serve rural revitalization
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
S "POWER" Illuminates Life, "Build" a Happy and Beautiful Society
Case: "POWER" illuminates Ivory Coast! POWERCHINA Intelligence opens a bright future
S1 Build Overseas Connectivity with Sincerity
The city glitters with lights, factories roar with
POWERCHINA adheres to the principles of "extensive consultation, joint contribution and shared benefits," leverages
machinery, and households glow as dusk falls. The
its core strengths and actively implements the "Belt and Road" Initiative. We align with the development needs of
largest hydropower station under construction in
host countries and undertake numerous landmark and innovative projects around the world. We actively fulfill our
C?te d'Ivoire, the Gesibo Bobori Hydropower Station,
social responsibilities, improve local living conditions and nurture the blossoms of friendship through international
built under EPC general contract by POWERCHINA,
cooperation.
was commissioned and began generating electricity
three years ahead of schedule, making the" Pearl of
West Africa" shine. With a total installed capacity of
a designed annual generation of 554 GWh, it has
Honors · 2024 effectively alleviated domestic power shortages in
C?te d'Ivoire, given a strong boost to the West African
Power Pool and played a significant role in promoting
Recognized in the 2024 Top 100 the country's economic and social development. Gesibo Bobori Hydropower Station
Chinese Outbound Brands Index
Bath in Light, Forge a New Future
S1.1 As one of the backbones serving global infrastructure connectivity, POWERCHINA
actively participates in infrastructure interconnection in countries along the "Belt Amid the global wave of green energy growth, POWERCHINA uses "light" as its pen to sketch magnificent green energy landscapes
Infrastructure and Road Initiative" route. In municipal infrastructure, urban rail transit, expressway, in countries along the "Belt and Road Initiative" route. The Central Myanmar Photovoltaic Project Group surpassed 100 million
Interconnection railway, airport, port and waterway sectors, it seizes opportunities to deliver exemplary, kWh of cumulative generation in 2024; the largest single photovoltaic project in Chile was commissioned and started generating
high?quality projects built to the highest standards, with sustainability and public's electricity; contracts were signed for Southeast Asia's largest photovoltaic project, the 1050 MW Tala PV Project in the Philippines,
well-being at the core, bringing tangible improvements to local communities. and the 1 500 MW Al Jazban PV Project in Abu Dhabi, UAE. Each PV panel converts sunlight into green energy, continuously
delivering power to every corner of the host country.
Data Reading · 2024
Case: The Central Myanmar Photovoltaic Project Group cumulative generation
New contract value signed in in 2024 surpassed 100 million kWh
contracts under execution
"the Belt and Road Initiative" partner countries reached
with a work in progress contract value of The Central Myanmar Photovoltaic
RMB
RMB
Project Group is POWERCHINA's first PV
project cluster invested and operated in
a year-on-year increase of
a year-on-year increase of percent
Southeast Asia. As of June 24, 2024, its
cumulative generation in 2024 exceeded
kWh.
The Central Myanmar Photovoltaic Project
Group continues to uphold an efficient,
Harness Water Power to Embark on a New Journey
lean operation philosophy, providing
Myanmar with clean and stable power
POWERCHINA leverages its expertise in water resources, deepens cooperation with countries along the "Belt and Road Initiative" supply, effectively easing the country's
route, and steadily advances the implementation and construction of hydropower projects. The Gesibo-Bobori Hydropower electricity shortage, significantly promoting
Station Project achieved grid?connected power generation ahead of schedule; the Uganda Karuma Hydropower Station, a flagship local economic development, and further
"the Belt and Road" project, was completed and handed over; the Ulogoe Hydropower Station, the first Chinese?built hydropower deepening China?Myanmar economic and
plant in Bosnia and Herzegovina, saw its first generating unit connected to the grid. The steady flow of hydropower as a renewable trade cooperation. The Central Myanmar Photovoltaic Project Group
clean energy is converging into a powerful force that propels world development forward.
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
S "POWER" Illuminates Life, "Build" a Happy and Beautiful Society
Chase the wind, Pursue green, Write a new chapter Unimpeded Roads, Expansive Prospects
With its outstanding wind power core technologies and consistent commitment to high?quality delivery, POWERCHINA continually POWERCHINA has laid broad highways to prosperity and development in countries along the "Belt and Road Initiative" route,
creates remarkable achievements in the wind power sector across the "Belt and Road Initiative" landscape. In Bosnia and turning natural barriers into open passages. In Georgia the F0 Highway project achieved full breakthrough of all five tunnels, in
Herzegovina on the Balkan Peninsula, the Ivovik Wind Power Project was successfully connected to the grid; at the Sherek Wind Armenia, the LG27 Highway project was opened to full traffic, and in Tanzania, the Iringa Urban Ring Road project was signed.
Farm in Kazakhstan, the annual generation target was achieved; in Bangladesh, the country's first large?scale wind farm, the Koba These roads closely connect different regions, promote trade and cultural exchange, drive local industry growth and create
Wind Power Project, was officially handed over. POWERCHINA's wind power projects are like green seeds taking root, sprouting numerous jobs.
and flourishing in foreign lands.
Case: Roads Unite Hearts and Build Shared Prosperity
Case: Ride the wind — Ivovik Wind Power Project grid?connected generation in Bosnia
and Herzegovina
Roads lead to riches. During the 2024 National Day holiday the Upper Mladenovac Bypass in Serbia, built by
The First Snow Melts, the Morning Mist Disperses. On the high mountains of Ivovik in the Tenth Canton of Bosnia and POWERCHINA, was successfully opened to traffic. Serbian President Aleksandar Vu?i? expressed high praise and sincere
Herzegovina, wind turbines dot the peaks, swaying gracefully in the breeze between heaven and earth. On October 1, appreciation.
and China General Technology Group International, was successfully connected to the grid, delivering continuous clean The Upper Mladenovac Bypass Project, located in Upper Mladenovac City in central Serbia, spans 9.4 kilometres. Its
energy to thousands of households. completion not only greatly improved local transportation but also significantly stimulated economic development and
increased the local employment. This road is not only Serbia's path to prosperity but also a bond connecting the peoples
The project is a major national initiative of Bosnia and Herzegovina and the first energy project by a Chinese enterprise of China and Serbia, laying a shared road of prosperity and friendship.
in the country. With an annual generation of approximately 260 million kWh and a reduction of 240,000 tonnes of CO ₂
emissions, it is currently the largest wind farm in Bosnia and Herzegovina in both single?unit and total installed capacity.
It effectively supports the country's energy?structure transformation and deepens the China?Europe clean?energy
partnership.
?eljka Cvijanovi?, rotating Chair of the Bosnia and Herzegovina Presidency, noted in a CCTV High?end Interview that the
Ivovik Wind Farm and other China?Bosnia cooperation projects have tightened the bonds between the two countries. She
expressed pride in the joint implementation of these projects.
Bosnia and Herzegovina Ivovik 84 MW Wind Power Project Upper Mladenovac Bypass Project, Serbia
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
S "POWER" Illuminates Life, "Build" a Happy and Beautiful Society
S1.2 POWERCHINA is committed to applying international rules in construction, operation S1.3 POWERCHINA actively embraces the vision of
and procurement, actively integrating into the global standards system. We participate "building a community with a shared future for
Soft Connectivity in drafting and revising international standards for energy, power, transport and water- Connectivity mankind." We prioritize overseas responsibility
through Rules and conservancy infrastructure, have developed or translated 1483 standards, produced through Exchange practices and deeply engage with local societies
Standards projects, significantly enhancing China's influence in international and regional and Integration conditions and supporting public?welfare initiatives.
Scan the QR code to watch our the
standardization. We build bridges of friendship with people of all
"Belt and Road Initiative" story — at
countries to foster mutual bonds and jointly create the other end of the globe
harmonious communities.
Honors · 2024
As a member of the CSR Alliance of Chinese Enterprises
The company's subsidiary, POWERCHINA International Group, was the first among Chinese international contractors to
in Africa, POWERCHINA responded to the Alliance's
release an ESG report in accordance with international standards.
"100 Enterprises, 1,000 Villages" campaign by launching
a photovoltaic green?energy donation initiative in
Mauritania, the regional headquarters for Central and
West Africa. We donated 600 solar lighting kits across
Case: A milestone achieved in the "Land of a Thousand Islands"!
multiple locations in the Nouakchott Region and the city
Indonesia's "Three Gorges Project" officially enters commercial operation
of Ayoun al-Atrous, making full use of abundant local solar
resources to benefit residents. The case was reported in
In the beautiful "Land of a Thousand Islands" of Indonesia, the Jatigede Hydropower Station, built under EPC general
the International Edition of People's Daily in 2024.
contract by POWERCHINA, officially entered commercial operation. The dam and power station combine power
generation, irrigation, flood control, water supply and tourism functions. They can protect 750 km? downstream from
a once?in?a?century flood and provide stable irrigation water to 109,000 hectares of farmland, greatly improving local
livelihoods. In 2024 severe flooding, heavy rainfall and mudslides
struck many parts of Thailand, causing prolonged disaster
The Jatigede Dam is an engineering feat built with Chinese technology, Chinese capital, Chinese equipment and a
and seriously affecting tens of thousands of households.
Chinese design. The project began in the 1960s and 70s and underwent feasibility studies by French, Australian and other
The POWERCHINA Thailand Representative Office
firms without realization. Over 50 years later, this national project long awaited by the Indonesian people was finally
organized member companies and staff to donate a total
brought to fruition by Chinese expertise.
of THB 209 500 to flood?affected areas in Thailand.
The Vava Dam Project in the Philippines is large in scale
and involves multiple specialties, requiring substantial
labor. During 2024 the project directly provided over 50
local jobs and indirectly supported more than 1,000 related
positions, greatly easing local employment challenges,
increasing residents' incomes and cultivating a group of
technical professionals, achieving a win?win between
project delivery and local socio?economic development.
The Pljevlja Power Plant Environmental Retrofit Project
team in Montenegro fully respected local laws, regulations
and customs during construction, working hand in hand
with local staff. At work we provided technical training for
Chinese and Montenegrin young employees, showcased
Chinese construction equipment and shared Chinese
corporate values and inspired students' interest in
engineering and construction. In life we hosted birthday
celebrations for local staff, fostering closer personal
Jatigede Dam bonds and deepening friendship between Chinese and
Montenegrin employees.
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
S "POWER" Illuminates Life, "Build" a Happy and Beautiful Society
College-enterprise Cooperation
S2 Partner for Shared Success The company and partner universities and research institutes actively advance integration of industry, academia and research,
further intensify scientific research and talent development in clean energy, green building, watershed management and
POWERCHINA always adheres to the principles of legality and compliance, fairness and integrity, consultation and mutual ecological protection, achieving complementary strengths, shared value and win?win development.
benefit, and complementary strengths. We regard strategic cooperation as a key driver for serving national strategies,
driving industry transformation and strengthening industrial chains. The company actively engages in comprehensive,
in?depth strategic cooperation with governments, universities and enterprises to promote resource sharing, strengthen
supply?chain development and collaborate with partners for High?quality development.
S2.1 Government-enterprise Cooperation
Strengthen
The company is dedicated to building strong government?enterprise relations. We
Cooperation and maintain ongoing exchanges with governments at all levels in the Xizang Autonomous
Exchange Region, Guangdong Province and institutions such as the China Meteorological
Administration and Shanghai Stock Exchange, with a focus on business development,
deepen strategic cooperation in water resources and environment, rail transit and urban Ding Yanzhang, Party Secretary and Chairman of the company, held Signed a framework agreement on industry?academia?research
talks with He Weijun, Party Committee Secretary of China Three Gorges cooperation with Kazakhstan National University
development quality improvement.
University, and Huang Yan, President of Three Gorges University
Global Cooperation
Adhering to the concept of "openness, cooperation and win?win", POWERCHINA engages in close cooperation and exchange with
leading enterprises worldwide, actively participates in international industrial capacity cooperation, promotes global economic
development and contributes to building a community with a shared future for mankind.
Ding Yanzhang, Party Secretary and Chairman of the company, held Ding Yanzhang, Party Secretary and Chairman of the company, held
talks with Chen Zhenlin, Party Committee Secretary and Director of the discussions with Ms. Shi Xiaolin, Deputy Secretary of the CPC Sichuan USD million
China Meteorological Administration Provincial Committee and Governor of Sichuan Province
At the 7th CIIE POWERCHINA set a
record high in contracted value
Enterprise-enterprise Cooperation
The company actively conducts comprehensive, multi?level and broad-based strategic cooperation with industry partners such as
China Datang and China Huadian, exploring more efficient, pragmatic and innovative cooperation models to jointly contribute to
national energy security and promote market synergy and win?win development.
Signed a cooperation agreement with Metso
Ding Yanzhang, Party Secretary and Chairman of the company, held Ding Yanzhang, Party Secretary and Chairman of the company, held
talks with Zou Lei, Party Committee Secretary and Chairman of China talks with Jiang Yi, Party Committee Secretary and Chairman of China Signed a cooperation agreement with Siemens Energy Signed a cooperation agreement with Hitachi Energy
Datang Corporation Huadian Corporation
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
S "POWER" Illuminates Life, "Build" a Happy and Beautiful Society
S2.2 Openness and cooperation are vital pathways for the company's innovation and
development. POWERCHINA pays close attention to high-quality industrial development, Establish strategic partnerships with leading domestic and international enterprises
Promote Industry fully leveraging its influence and appeal in the value and industrial chains to continuously and research institutions to form a supply?chain alliance. Enhance overall
Development strengthen cooperation and exchanges with industry organizations and jointly promote supply?chain competitiveness through shared resources, technologies and market
healthy and sustainable industry development.
Together Supply?Chain
information.
Security
Leverage big data, Internet of Things and artificial intelligence to optimize
Management
supply?chain workflows and achieve end?to?end digital management from
procurement through production to logistics. The company can monitor each
stage of supply?chain in real time, respond swiftly to market changes and improve
supply?chain agility and efficiency.
POWERCHINA hosted the New Energy Storage
Development Conference for the Power
Industry
Implement tiered management of suppliers based on their sustainability
performance. Penalize and require corrective action from suppliers that breach
environmental regulations or social?responsibility standards, and restrict those
with serious violations from company procurement activities.
Supply?Chain
Ren Wangbin, Deputy Party Secretary and General Communicate national and international environmental policies, regulations
Sustainability
Manager, attended the 2nd Energy Cooperation Project Management and standards to suppliers online or offline to help them understand and ensure
Promotion Conference under the China?Africa Energy compliance.
Partnership Framework to exchange experiences
on renewable?energy policies, technologies and
management Prioritize low?carbon, energy?efficient and recyclable products and equipment in
procurement, encouraging suppliers to continuously improve equipment quality and
performance, extend product lifespans and reduce resource consumption.
S2.3 Strengthen Supply?chain Management
Build a Chain of
Responsibility POWERCHINA adheres to the principle of mutual benefit and win?win cooperation, Responsible Procurement
complies with laws and regulations, continuously improves the supply?chain management
system and maintains stable cooperation with high?standard suppliers to jointly promote
The company continuously strengthens regulation of procurement practices. In tender
sustainable industry and social development.
and bidding management it strictly adheres to principles of openness, fairness and
impartiality, enforces anti?monopoly and anti?unfair?competition policies, ensures
transparency and standardization in the tender process and maintains fair market
Revised the company's Measures for Supply?Chain Management and Measures for competition. Suppliers found engaging in commercial bribery, fraud or bid rigging will
Supply?Chain Compliance and Risk Management. be notified, required to take corrective action and subject to penalties such as warnings,
restrictions or blacklisting.
Established a compliance and risk management system covering the entire supply
chain, clarifying responsibilities and processes at each stage.
Supply?Chain Conducted risk mapping across the entire supply chain, established a risk?information
Risk
Data Reading · 2024
database and regularly updated the risk register.
Management
Carry out supervision and inspection of critical, weak and high?risk points in the
supply chain to ensure compliance with management standards. Conduct special
inspections of each unit's supply?chain management work from time to time. Rectify
Responsible sourcing ratio
any issues found in a timely manner, and hold units or individuals accountable in
accordance with laws and regulations if their failure to discharge duties causes losses.
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
S "POWER" Illuminates Life, "Build" a Happy and Beautiful Society
S3.2 Ensure Accountability
S3 Ensure Safe Production Strategy
The company introduced rigid standards such as the Safe Production "Three
Concessions" Principle and "Seven Red Lines" for project management, organized
Safety is the prerequisite for development, and development is the guarantee of safety. POWERCHINA has launched specialized safety education, conducted special interviews and accountability notices
a three?year campaign for fundamental improvement of safe production, targeting weak links and frontline sites, for responsible subsidiary leaders, and carried out warning?education campaigns.
continuously implementing safety responsibilities, improving the Management-Control system, conducting The company implemented the requirements of State Council Work Safety
comprehensive risk and hazard inspections and rectifications, and resolutely preventing major safety incidents. No major Commission's, "more notices, frequent remind letters and more talks", establishing
or superior safety accidents or disasters occurred during the reporting period. a Safe Production "Three Letters and Two Notices" mechanism to drive effective
implementation.
Honors · 2024
The Nam Ou River Project in Laos was honored as a
The 600 MW Monsoon Mountainous Wind
"2024 National Demonstration Project for
Power Project in Laos received the
Power?Safety Culture Construction", which is the only
ISA International Safety Award
overseas project to receive this recognition
S3.1 Governance
Held a specialized video conference on safe production
In terms of organizational system, the company has established a Safety Production Committee, under which an office is
responsible for appointing a Safety Director. The company has also set up an independent functional department for safety
supervision and management, staffed with full-time safety managers holding either a Registered Safety Engineer Certificate or a Enhance Safety Training
Safety Production Assessment Certificate issued by the competent industry authority.
In accordance with national laws, industry standards, and regulations issued by relevant ministries and commissions, and taking We organized three Safety-Production Training Courses in 2024, including leadership
Data Reading · 2024
into consideration the core business activities and risk characteristics of company, the company has formulated 16 occupational training, safety?management personnel training and safety?assessment?certificate
health and safety management systems, including the Safety Production Management Regulations, Safety Production (renewal) training, effectively enhancing safety awareness and capabilities of key
Responsibility System, Safety Production Assessment and Management Measures, Safety Incident Management Measures, Coverage rate of Safety- positions at all levels. We carried out "Safety Production Month" and "Fire Safety
Management Measures for the "Three Letters and Two Notices" on Safety Production, Safety Director Management Measures, Production Training Month" activities, hosted over 2 200 online quizzes on safety regulations with more
Safety Training Management Measures, Hidden Safety Hazards Investigation and Governance Management Measures, Safety Risk than 54 900 participants, and held over 2 600 safety pledges and initiatives with over 82
Control Management Measures, Occupational Health Management Measures, Self-Assessment Measures for Safety Production 000 participants, creating a strong atmosphere of safety production to ensure that the
Standardization, Construction Measures for Safety Production Standardization, Safety Production Expense Management Measures, concept of safety production is in the mind and heart, and truly implemented in action.
Subcontractor Safety Management Measures for Construction Projects, Geological Disaster Prevention and Control Management
Measures, and Emergency Management Measures for Production Safety Accidents and Natural Disasters. In addition, the company
has formulated four emergency response plans, issued ten mandatory regulations, developed two sets of guiding opinions, and
compiled nine standardization evaluation criteria, two management procedures, one emergency response capability evaluation
Held over 21000
"Safety Production Forum"
standard, and one practical guide, thus establishing a relatively complete occupational health and safety management system and
and other safety?themed
standard framework. At the same time, the company promptly revises and improves the relevant occupational health and safety
events with more than
management systems according to latest policy requirements and operational realities of the company.
POWERCHINA Northwest Engineering Corporation Safety Officer Skill Competition
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
S "POWER" Illuminates Life, "Build" a Happy and Beautiful Society
Implement "Tech?Driven Safety" Strategy Emergency Response Capacity
The development of science and technology is the greatest enabler of inherent safety level. The company vigorously implements In the course of global operations, POWERCHINA may encounter sudden risks such as natural disasters, safety accidents, and
the "Tech?Driven Safety" strategy by conducting safety?technology research, promoting achievements, widely applying smart public health emergencies. To enhance emergency management capacity, POWERCHINA established an emergency command
solutions, replacing human labor with machinery, reducing labor through automation and pursuing unmanned intelligence, and agency led by the Party Secretary and Chairman, with the Deputy Party Secretary, General Manager, and Deputy General Manager
innovating technologies to improve inherent safety level. We have iteratively upgraded the HSE management system, continuously in charge of safety as deputy leaders, and other executives, senior managers, deputy chief engineers, and heads of departments
advanced research on safety technology topics and promoted achievements, winning 2 first prizes, 6 second prizes and 4 third as members to provide organizational support. The Company revised and issued four emergency response plans, including
prizes from the China Association of Work Safety for Safety?Technology Progress, steadily enhancing our safety?technology the Comprehensive Emergency Response Plan for Production Safety Accidents and Natural Disasters (2024 Edition) to further
supporting capabilities. standardize emergency management procedures. By leveraging its professional strengths and expert resources, the Company
actively participated in the construction of the State-owned Assets Supervision and Administration Commission's integrated
emergency rescue platform for state-owned enterprises and provided timely, scientific, and accurate analysis of flood conditions
Ensure Data Security
to the national emergency office. In 2024, POWERCHINA participated for the first time in a national emergency drill — the
"Emergency Mission 2024" joint rescue exercise — to strengthen its overall capacity for handling emergencies.
The company places great emphasis on data security and privacy protection, continuously updates information?security policies
and issues the documents Measures for Data Security and Personal Information Protection, the User Agreement and Privacy Policy
for the Cloud Identity and Single?Sign?On System, and Company Measures for Data Security and Personal Information Protection,
establishing a complete institutional system. Through the deployment of internal instant messaging systems, the implementation
of data security technology safeguards, and the organization of internal and external security teams to address data security
vulnerabilities, the Company ensures the security of information assets and business operations.
S3.3 Impact, Risk & Opportunity Management
Risk of Potential Hazards in Projects
POWERCHINA has made strong efforts to address weaknesses in working safety by launching targeted campaigns to prevent
collapses, high falling, and to inspect and rectify concrete tower wind power projects. During critical periods such as the National
Day holiday, the Company conducted cross-regional inspections of key projects in various provinces and cities, adopting the
method of unannounced and non-announced visits. The results of these inspections were compiled and reported daily, with
follow-up supervision of corrective actions. A reward mechanism for internal reporting of potential hazards was established to
facilitate timely remediation through the reporting platform. Throughout the year, various levels of the Company identified and
rectified a large number of hidden risks. Projects or work sites involving major hazards were subject to strict suspension and
rectification measures. In total, the headquarters of the Company organized nine leadership supervision teams, twenty-one
inspection and evaluation teams, and seven professional inspection teams to inspect and assess 174 projects under construction.
These efforts led to the identification and rectification of 3,631 hazards. More than 680,000 potential risks were identified and
addressed by affiliated units at all levels.
Our Safety Philosophy Conducting Emergency Drills
"Always be safe during
production." "Safety S3.4 Metrics &
Indicator name 2022 2023 2024
before production." Units
Metrics & Targets
Total investment in safety RMB ten
production thousand
Training coverage rate of
% 100 100 100
safety production
Number of major
production safety / 0 0 0
accidents
Party Secretary and Chairman of Powerchina Corporation Ding Yanzhang conducted on-site safety Emergency drills Times 12,408 15,830 17,412
supervision of projects
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
S "POWER" Illuminates Life, "Build" a Happy and Beautiful Society
Data Reading · 2024
S4 Care for Employee Development
Labor contract signing rate
Employees are the cornerstone of the Company's sustainable prosperity. POWERCHINA fully respects and protects
employees' legitimate rights and interests, optimizes talent development mechanisms, promotes work-life balance, and employee participation rate in labor union
continuously enhances employees' sense of fulfillment in the workplace.
S4.1 The Public Affairs Department and the Organization and Human Resources Department
are responsible for the overall management of affairs related to employee rights
Governance protection and career development. Using inspection and rectification as starting
points, the Company has significantly improved the scientific, standardized, and
precise management of the selection, training, appointment, and evaluation of talents.
Effective and thorough control measures have been implemented in recruitment, labor
management, and remuneration distribution. The Company issued the Guidelines on
the Construction of Career Development Pathways for Employees and the Occupational
Health Management Measures (2024 Edition) and established a comprehensive
Onboarding and Enrichment Activities for University Graduates:
remuneration management system to protect the legitimate rights and interests of
every employee. Priority is given to improving employee health, safety, and well-being.
The Company advocates for values of diversity, inclusion, and equality, and has built a Empower Employees
comprehensive talent development system to drive innovation and long-term growth
together with employees. POWERCHINA adheres to the strategy of strengthening the enterprise with talents and continuously promotes the high?quality
development of talent teams. The "Hundreds, Thousands, and Tens of Thousands" talent training initiative continues to advance,
along with the development of a comprehensive management talent system. The Company also enhances the industrial
S4.2 Protect Employees' Rights and Interests workforce and accelerates the aggregation of talent to support High-quality development. Steady progress has been made in
Strategy building a capable and refined leadership team within subsidiaries, with more clearly defined responsibilities. The evaluation
and assessment of cadres have been further optimized, and for the first time, annual on-site evaluations were conducted for all
POWERCHINA strictly complies with the Labour Law of the People's Republic of China
subsidiary leadership teams and external directors, further stimulating vitality and motivation among cadres and talents.
and the Labour Contract Law of the People's Republic of China , resolutely protects the
legitimate rights and interests of employees, opposes and firmly addresses workplace
Talent Recruitment
discrimination, and promotes democratic management by facilitating channels for
In alignment with international employment needs, the Company organized overseas recruitment
employees to express concerns and provide feedback, thereby fostering an inclusive,
sessions
open, and equitable working environment.
The competitiveness of talent selection was enhanced through open recruitment for positions such as
Chief Accountant and other headquarters roles
The Company has established The market-oriented employment reform continued to deepen, while improving recruitment quality
The Company insists on legal and a comprehensive remuneration
compliant employment practices, management system to ensure the timely
establishes and improves and full payment of salaries. A sound Cultivation of Talents
market-oriented recruitment benefits management system is in place to Cadre education and training were conducted by position level and by category to promote scientific,
mechanisms, ensures fair Fair and Employee provide employees with legally compliant standardized, and precise talent management
treatment of employees regardless Lawful Compensation welfare services such as regular medical The Company implemented the order-based training program for skilled talent and continued to
of nationality, race, gender, Employment and Benefits check-ups and staff cafeterias. improve the talent echelon
religion, or cultural background,
National and institutional vocational skills competitions were held to promote learning and training
strictly protects employee
through competition
privacy, and firmly prohibits all The Company has developed a democratic
forms of discrimination. The management system based on employee
congresses, given full play to the role of
Career Development
Company also pays attention to
whether employees from different Practice labor unions, improved the mechanisms
cultural backgrounds and with Democratic for consultation and coordination, and A post-ranking system was established in line with market principles and talent development rules and
different needs have access to Management enhanced the legal governance of labor aligned with the Company's strategic and operational needs
opportunities that match their relations. Complaint procedures have been The Company issued implementation plans for the development of scientific and technological
abilities. established to ensure proper handling of talent, project managers, management professionals, and team leaders to build a "flying geese" talent
employee appeals, including mechanisms formation
for tracking and feedback.
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
S "POWER" Illuminates Life, "Build" a Happy and Beautiful Society
Care for Employee Well-being
Our Honors · 2024
The Company attaches great importance to employees' quality
of life and adheres to the philosophy of "offering help before
A total of
ministerial or provincial-level science and technology
snow falls or rain comes." It strives to turn the "list of urgent
concerns" into a "list of happiness." The Company provided
care for retirees, including regular physical examinations,
talent programs, including at the national level reimbursement services, and hospital visits for more than one
and
Enterprise"
named "Model Workers of State-owned Organize Leadership Training Courses
hundred retired employees at headquarters. It explored the
concept of "Overseas Employee Homes" to host diverse activities
that enriched the cultural and sports life of staff working abroad
and fostered an atmosphere of unity and progress. Efforts were
also made to clear arrears and ensure timely wage distribution
The Company received the "Talent Development
for migrant workers. The Company paid special attention
Award" from the Silk Road International Talent Alliance
to employees facing difficulties and those on the front line
by providing targeted support and assistance to help them
overcome challenges. In 2024, the Company allocated a total of The SinoHydro Foundation Engineering visited foreign employees on
Implement Caring for Employees 52.48 million yuan in support funds, assisting 25,000 individuals. Eid al-Adha
Focus on Employee Health Participate in Industry Competitions
The Company places great importance on the occupational
S4.3 Impact, Risk & Opportunity Management
health and safety of employees. In strict compliance with the The Company attaches great importance to risk management regarding employee responsibility. A risk assessment and
Labour Law of the People's Republic of China and the Law management mechanism and process have been established to proactively identify potential risks related to employee
on the Prevention and Control of Occupational Diseases of management. As the Company continues to expand and transform its business, cross-disciplinary knowledge and skills are
the People's Republic of China, POWERCHINA continuously increasingly required from employees, especially those related to emerging technologies. If the Company fails to provide
allocates resources and adopts measures to protect employees' corresponding training, employees may find it difficult to keep pace with business development, which may hinder their career
physical and mental well-being. Through the establishment of development. To address the above risks and opportunities, POWERCHINA actively implements management measures,
an employee health management system, organizing health encourages self-improvement among employees, and establishes internal platforms for learning and exchange. The Company
check-ups, providing psychological counseling services, and organizes various professional training sessions and experience-sharing events to help employees enhance their overall
implementing occupational disease prevention initiatives, capabilities and adapt to the evolving demands of business development. Personalized career development guidance is also
the Company is committed to creating a safe, healthy, and provided to employees, helping them clarify their development direction based on their abilities and interests, and strengthen
comfortable working environment. In 2024, there were 0 new their capacity to overcome potential limitations in career development.
cases of occupational diseases in POWERCHINA Occupational Disease Prevention Campaigns on Site
Enrich Employees' Life
S4.4 Metrics Units 2022 2023 2024
POWERCHINA is committed to meeting employee needs by organizing a wide range of cultural and sports activities, continuously Metrics & Targets Proportion of female managers
% 22.80 22.50 20.58
(associate senior title)
fulfilling employees' aspirations for a better life. Employee sports competitions were organized to showcase "the spirit" of
POWERCHINA staff in the new era. Facilities such as "Employee Homes", small group lounges, and staff libraries were built to Employees absorbed during the
Persons 11,797 13,924 11,076
enrich the cultural life of employees. A total of 7,636 cultural and sports activities were held throughout the year. reporting period
Our Activities · 2024
POWERCHINA International organized a basketball friendship match in POWERCHINA Guiyang Engineering Corporation organized walking POWERCHINA Guiyang Engineering Corporation organized events for SINOHYDRO Bureau 5 organized a group wedding for employees.
Guinea activity International Women's Day
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
S "POWER" Illuminates Life, "Build" a Happy and Beautiful Society
Support the Five Major Revitalizations · 2024
S5 Enhance People's Livelihood and Well-being
Assisted counties under targeted support to develop characteristic industries based
Committed to People's Livelihood, Dedicated to Social Responsibility. POWERCHINA is deeply committed to corporate on local conditions, extend industrial chains, enhance value chains, and stimulate
social responsibility, aligning with national initiatives while pursuing its own development. The company actively endogenous economic drivers. Promoted the deepening and implementation of sustainable
contributes to society by supporting rural revitalization, participating in charitable activities, engaging in emergency development-oriented industries ;
rescue and disaster relief efforts, and consistently promoting the well-being of the people. Through these actions, Provided gratuitous assistance funds for projects in Minfeng County, Xinjiang, including the
POWERCHINA shares the fruits of development with society and continues to deliver warmth and care to the community. Industrial
military-civilian integration initiative "Promoting Agriculture through Military Support and
Revitalization Mining," and the development of Minfeng's distinctive agricultural industry demonstration
Strengthen the projects;
Economic Base
Improved mechanisms for linking industrial assistance projects with local farmers, supported
silage processing facility construction for the cloud-based livestock farm in Jianchuan
S5.1 The implementation of the rural revitalization strategy is a major decision made by the
County, and facilitated balanced development of the dairy, livestock, planting, and
CPC Central Committee to promote the comprehensive construction of a modern socialist employment sectors;
Advance Rural country. It serves as the overarching approach for work related to agriculture, rural
Revitalization areas, and farmers in the new era. As a key force in economic and social development, Accelerated the cultivation of "one village, one product" Industrial project and "one
township, one specialty" agricultural industrialization.
POWERCHINA promotes rural revitalization with high quality. Through various means,
the Company enhances living and production conditions in rural areas, empowers rural
communities with quality resources, and contributes to the construction of rural economic
and cultural systems, vividly demonstrating the strength and warmth of POWERCHINA. Completed training programs for grassroots rural officials, technical pioneers, and rural
Talent revitalization pioneers;
Revitalization
Stimulate Carried out capacity enhancement training for village doctors and industry pioneers in
Motivation Minfeng County, improving healthcare services and professional capabilities at the grassroots
level.
Our Honors · 2024
Supported the construction of the Shaxi Vanguard International Writers' Residency Center
Rated "Good" for six consecutive years in The case Restoring Ecological Vitality in Jianchuan County, promoting the creation of a "village sojourn + industry" model to drive
the performance evaluation of targeted to Jianhu Lake for Rural Revitalization the High?quality development of local cultural and tourism;
Cultural
poverty alleviation by central SOEs selected as an Excellent Case by SASAC Revitalization In line with General Secretary Xi Jinping's directives on "cultural enrichment in Xinjiang" and
Foster Identity "letting cultural relics speak," supported the construction of the Niya Museum in Minfeng
and Spirit County, Xinjiang, promoting an ethnic economy integrating "culture + tourism + industry,"
The case Fulfilling the Mission of a Central The case Reviving Cultural Heritage for
and enhancing the High?quality development of county's culture and tourism.
SOE to Support Revitalization with Devotion Inheritance and Development selected as
selected as a 2024 Best Practice by the China a 2024 Outstanding Practice by the China
Association for Public Companies Association for Public Companies
Leveraged core technologies in comprehensive water environment treatment, responded
to urgent local needs for sustainable development, and carried out environmental
Ecological improvement initiatives to strengthen rural infrastructure and address shortcomings;
Revitalization
POWERCHINA continued advancing the water environment management project in the
Enhance Green
Jianhu Lake Basin of Jianchuan County, as well as the Beautiful Countryside Construction
Data Reading • 2024 Foundations
Projects in Ruokeya and Lancheng Townships of Minfeng County. These efforts contributed
to the development of livable and business-friendly villages characterized by harmony and
aesthetic appeal.
Total voluntary investment in rural revitalization Value of donated materials for rural revitalization
RMB
Organizational
POWERCHINA established paired cooperation with the Party branches of Shilong Village
and Baila Village in Jianchuan County, Yunnan Province, and the Party branch of Lancheng
Township in Minfeng County, Xinjiang Province. Through initiatives such as joint Party
Revitalization
Number of students supported in assisted regions Persons benefiting from vocational skills training building, co-implementation of practical projects, and collaborative industrial development,
Strengthen
the Company extended its Party-building experience and best practices to grassroots
Grassroots communities in its designated assistance counties. This approach facilitated mutual support
Foundations and mutual progress between both sides.
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
S "POWER" Illuminates Life, "Build" a Happy and Beautiful Society
Shared
Prosperity
through Rural
Revitalization
POWERCHINA
Sichuan Electric
Power Engineering
helped facilitate a
bountiful harvest
of Rui Xue apples in
Qianxi Village
SINOHYDRO Bureau 4
visited Alateng Township
in Akesai County to
provide support and
care to disadvantaged
residents
POWERCHINA Hubei Engineering
launched a livestream campaign
themed "Youth Support with
Love, Helping Farmers with Heart"
to promote the sale of specialty
agricultural products from Liangyu
Village in Baokang County, a
designated assistance village
POWERCHINA Guiyang Engineering
Corporation provided on-site
guidance and training in rice
cultivation and paddy-field fish
farming in Liuhe Village
POWERCHINA Central China
Electric Power Engineering
organized an educational support
initiative titled "Fulfilling My
Childhood Dreams, Growing Up
POWERCHINA Chengdu
with the Enterprise"
Engineering Corporation
Limited combined support
for aspirations with paired
Party-building cooperation
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
S "POWER" Illuminates Life, "Build" a Happy and Beautiful Society
S5.2 Volunteerism Rooted in Compassion Stand Strong on the Front Lines of Disaster Relief
Delivering In the face of natural disasters, POWERCHINA has always upheld the principle of putting people and life first. The Company follows
Uplifting hope and enabling a better future. POWERCHINA remains committed to public
Warmth through welfare in areas such as environmental protection, educational assistance, and support Party directives, responds swiftly, and spares no effort or conditions in disaster prevention, mitigation, and relief. By leveraging
Public Welfare for the disadvantaged. The Company actively engages in volunteer services, mobilizing its professional strengths, POWERCHINA assembled expert teams and specialized emergency rescue units to participate actively
significant human, material, and financial resources to give back to society and spread in flood control and emergency rescue operations across Guangdong, Guangxi, Jiangxi, and Hunan. The Company mobilized
warmth through concrete actions. Guided by the "people-oriented development philosophy," resources overnight to rush to disaster-affected areas such as Huludao, Hanyuan in Ya'an, and Tuanzhou Embankment in Huarong
POWERCHINA also actively integrates itself into the development and community building near Dongting Lake, doing everything possible to protect lives and property. These actions reinforced POWERCHINA's role as a
efforts of countries participating in the "Belt and Road Initiative". It promotes overseas public main force in emergency response.
welfare programs to ensure development outcomes are shared by people around the world.
Disaster Relief · 2024
Volunteerism · 2024
Participated in
volunteers in the company hours of volunteer activity Deployed
Invested over RMB
technical experts Case: POWERCHINA under Typhoon "Yagi":
Our Responsibility and Commitment
In September 2024, Typhoon "Yagi" struck Wenchang
in Hainan and Xuwen in Guangdong, causing extensive
damage. POWERCHINA responded promptly by
POWERCHINA establishing a dedicated disaster relief team that worked
International Group around the clock to repair damaged infrastructure and
organized a donation
restore essential services. The Company utilized modern
drive in Cambodia
technologies such as drones to quickly assess disaster
conditions, improve rescue efficiency, and ensure
transparency by releasing timely updates through official
platforms. These efforts received high praise from local
governments and residents, significantly enhancing
the Company's public image and brand recognition.
POWERCHINA's actions demonstrated the responsibility
and strength of a central state-owned enterprise. The
SINOHYDRO Bureau response was selected as one of the "Outstanding Public
SINOHYDRO 8 carried out the Relations Cases of 2024," laying a solid foundation for
Bureau 6 organized "Spring Breeze in
sustainable development.
free medical March, Everlasting
consultations in Spirit of Lei Feng
rural communities – 'Little Lei' Moral
of Equatorial Guinea Education Volunteer
Activity" in local
communities
POWERCHINA Post-Typhoon"Yagi" Reconstruction Survey Conducted by
International Group POWERCHINA Jiangxi Electric Power Engineering
SINOHYDRO Bureau 11 organized
launched a beach volunteer support for students during the
POWERCHINA Resources' Nam
cleanup campaign in National College Entrance Examination.
Ou River project in Laos held the
Malaysia
"golden autumn" cultural and
educational charity event.
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
Future Prospect
Future Prospect
Setting Sail with Determination, Ushering in a New Chapter
through Continued Endeavors. The year 2025 marks the
conclusion of the 14th Five-Year Plan and the strategic
planning stage of the 15th Five-Year Plan. POWERCHINA
will continue to unite closely around the CPC Central
Committee with Comrade Xi Jinping at its core, uphold the
comprehensive leadership of the Party, and take deepening
the company's strategic transformation and High-quality
development as the main threads of its work. The Company
will stay focused on the "two pathways," center around the
"five values," prioritize the execution of the "six key tasks,"
strive to be a pioneer in the "three leading roles," and better
leverage the "three core functions." Through these efforts,
POWERCHINA will accelerate its progress toward becoming
a world-class enterprise with global competitiveness. The
Company will contribute to the comprehensive advancement
of China's strength and national rejuvenation with tangible
achievements in High-quality development, demonstrating
new commitments and accomplishments in building
POWERCHINA's chapter of Chinese path to modernization!
Fukang Pumped Storage Power Station in Xinjiang
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
Appendix
Appendix
Key Performance Table
Classification Indicator Name Unit 2022 2023 2024 Classification Indicator Name Unit 2022 2023 2024
RMB 100
Total Assets 10,407.69 11,545.55 12,890.01 Number of Suppliers Pcs 69,057 85,974 103,414
Million
RMB 100 Number of Suppliers from Mainland China Pcs 68,491 85,214 102,537
Total Operating Revenue 5,726.13 6,098.44 6,345.52
Operational Million
Performance RMB 100 Number of Suppliers from Hong Kong, Macao, Taiwan,
Total Profits 192.47 208.76 195.31 Pcs 566 760 877
Million and Overseas
RMB 100 Supplier Certification Rate % 85.98 87.61 75.91
Net Profit 156.84 171.46 158.26
Million
RMB 100 Number of Penalized Suppliers (Blacklisted) Pcs 85 220 8
Technology R&D Investment 208.11 232.30 242.68
Million
R&D Investment as a Percentage of Main Business Supplier Training Sessions Conducted Time 3 5 5
% 2.94 3.76 3.83
Revenue Responsibility
Supply Chain Supplier Training Participants Person-time 600 1,126 1,350
Technology R&D Personnel Person 21,862 22,356 22,895
Supplier Training Hours Hour 5 10 10
Annual Patent Applications Item 6,591 9,099 10,608
Number of Suppliers Reviewed during the Reporting
Pcs 30,103 39,991 38,919
Annual Patent Licenses Item 7,454 7,092 8,629 Period (Number of Declared Suppliers)
Number of Potential Suppliers Rejected due to Social
Provincial/Ministerial-Level Construction Methods Pcs 0 0 0
Item 556 1,094 1,601 Responsibility Non-Compliance
Adopted Number of Suppliers Whose Cooperation Has
Been Terminated due to Social Responsibility Non- Pcs 0 0 0
Technology Provincial/ Ministerial Science and Technology Awards Item 434 412 433
compliance
Engineering and
Management National and Industry Standards Compiled Item 157 142 134 Responsible Purchasing Ratio % 100 100 100
Number of Countries with Management Institutions
International Standards Participated Item 9 17 5 Pcs 111 116 116
Worldwide
National-Level R&D Institutions Pcs 7 7 7 Overseas Layout Number of Management Institutions Worldwide Pcs 372 402 424
Number of Countries/ Regions Covered by Our business Pcs 131 130 130
Provincial-Level R&D Institutions Pcs 69 62 137
Ten thousand
Total Number of Employees 16.41 16.52 16.39
Software Copyrights Obtained Item 882 1,828 2,421 persons
Ten thousand
Number of Female Employees 3.42 3.47 3.26
First-time Acceptance Qualification Rate of Project Quality % 99.79 99.69 99.80 persons
Ethnic Minority Employees Person 8,079 9,432 9,764
Customer Satisfaction Rate % 95.03 94.11 95.5
Labor Contract Signing Rate % 100 100 100
Economic Contracts Performance Rate % 100 100 100
Social Insurance Coverage Rate of Employees % 100 100 100
Percentage of Employees Receiving Anti-Bribery and Anti-
% 3.67 22.59 22.94
Corruption Training
Disabled Employees Person 588 553 469
Employees' Rights
Number of Concluded Corruption Litigation Cases Case 0 0 0
and Benefits
Employees Absorbed during the Reporting Period Person 11,797 13,924 11,076
Number of Directors Receiving Anti-Bribery and Anti-
Person 4 4 4
Compliance Corruption Training Localization Rate of Overseas Employees % 54.06 76.89 73.94
Management Percentage of Directors Receiving Anti-Bribery and Anti-
% 50.00 57.14 44.44
Corruption Training Average Annual Paid Vacation Days per Employee Day(s) 8.18 8.09 7
Number of Management Personnel Receiving Anti-Bribery
Person 15 15 11
and Anti-Corruption Training Employee Turnover Rate % 2.28 2.38 2.3
Percentage of Management Personnel Receiving Anti- Number of Induction Training Sessions for Newly
% 78.95 78.95 68.75 Sessions 364 617 456
Bribery and Anti-Corruption Training Recruited University Graduates
Number of Employees Receiving Anti-Bribery and Anti- Number of Induction Training Sessions for Newly
Person 6,021 37,325 37,400 Person-time 19,573 22,913 23,750
Corruption Training Recruited University Graduates
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
Appendix
Index of Indicators
Classification Indicator Name Unit 2022 2023 2024 Guidelines on corporate social GRI Sustainability Development
responsibility reporting for Chinese Reporting Principles
RMB ten enterprises (CASS-ESG6.0) (GRI Standards)
Total Investment in Safety Production 944,965.57 963,923.12 1,077,856.49
thousand
Report Descriptions P1.1-1.2 2-3
Training Coverage Rate of Safety Production % 100 100 100
About Us P3.1-.3.4 2-1/2-2/2-6/2-9/2-11/203-2
Number of Major Production Safety Accidents Pcs 0 0 0
Safety ESG Management G1.1.1-1.1.10/G1.3.1-1.3.2
Newly Diagnosed Cases of Occupational Diseases 17/2-22/2-23/2-29/3-1-3
Case 0 0 0
Management among Employees
Uphold Party-led
- 2-24/205-1/205-2
Number of Employee Fatalities Person 4 11 13 Guidance
G： Enhance Corporate
Emergency Drills Conducted Times 12,408 15,830 17,412 G2.1.1-2.1.8/G2.2.1-2.2.2 2-27
"POWER" Illuminates a Governance
New Journey,
RMB 100 "Build" a Model of Deepen Corporate
Investment in Work-Related Injury Insurance 1.85 2.02 2.00 - -
Million Scientific Governance Reform
RMB ten Focus on Improving
Total Donations 3,049.56 1,671.41 1,899.46
thousand Quality and - -
RMB ten Efficiency
Total Free Investment for Rural Revitalization 5,276.16 6,574.4 6,803.72
thousand Deepen Strategic
- 2-9/2-24/2-25/201-1
RMB ten Transformation
Total Paid Investment for Rural Revitalization 42,235.78 32,029.17 3,557.55
thousand
Forge Exemplary
RMB ten S3.3.1/S3.3.6 302-5/306-2/416-1
In-Kind Donations for Rural Revitalization 917.32 234.86 236.21 Projects
thousand
E：
Innovate to Empower
Number of Seconded Cadres Selected Person 68 74 68 "POWER" Illuminates S2.1.1-2.1.4/S2.1.10 203-2
the Future
Rivers and Mountains;
"Build" Eco?friendly
Number of Industrial Development Projects Pcs 74 66 55 Environment
Promote All-round E2.1.1-2.1.2/E2.1.5-2.1.6/E2.2.1/E2.2.5-2.2.6/
Number of Persons Benefiting from Vocational Skills Green Development E2.3.2-2.3.3/E3.1.1/E3.2.1/E3.2.3/E3.3.5
Person 12,120 7,753 3,909
Harmonious Training
Society RMB ten
Financial Support for Students in Assisted Areas 198.6433 125.76 180.38 Tackle Climate
thousand E1.1.1-1.1.7 2-23/2-24/2-27/201-2/302-5/305-1/305-5
Change
Build Overseas
Number of Students Subsidized in Assisted Areas Person 2,123 1,966 959
Connectivity with - 203-1
Sincerity
Investment in Improving Education Resources in RMB ten
Assisted Areas thousand Partner for Shared
S3.1.1-3.1.4 2-23/2-24/407-1/414-1
Success
Investment in Assisting Disabled People in Assisted RMB ten
Areas thousand Ensure Safe
"POWER" Illuminates S3.4.1/S4.2.6 2-23/2-24/2-27/403-2/403-5/416-2
Production
Number of Disabled People Assisted in Assisted Areas Person 444 392 233 Life, "Build" a Happy
and Beautiful Society 2-7/2-19/2-23/2-24/2-26/2-30/201-
Care for Employee S4.1.1-4.1.7/S4.1.9/S4.1.11-4.1.12/S4.2.1-4.2.2/
Number of Volunteers Person 26,281 28,926 29,153 Development S4.2.4-4.2.5/S4.3.1-4.3.6
Enhance People's
Volunteering Hours HH 28,472 32,375 35,062 Livelihood and Well- S1.1.1-1.1.5/S1.2.1-1.2.6 203-1/413-1
being
RMB 100
Total Investment in Environmental Protection 9.87 10.06 11.33
Million Future Prospect A1 -
Tons of
Energy Consumption per RMB 10,000 of Revenues Key Performance
standard coal/ 0.07 0.06 0.06 A2 -
Environmental (Comparable Price) Table
RMB 10, 000
Protection
New Projects EIA Pass Rate % 100 100 100 Appendix Rating Report A5 -
Emission Rate of Pollutants Meeting Standards % 100 100 100 Suggestion Feedback A6 -
Power Construction Corporation of China Ltd. 2024 Environmental, Social and Governance Report
Appendix
Feedback
Dear readers,
Greetings! Thank you for reading this report. We welcome your feedback on POWERCHINA's Environmental,
Social and Governance Report. Your valuable insights are highly appreciated. We will take your comments and
suggestions seriously as an important basis for the continuous promotion of social responsibility management
and practices, and we promise to protect your feedback from being accessed by third parties.
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POWERCHINA is accurate and comprehensive?
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〇 Very good 〇 Good 〇 Average 〇 Poor 〇 Very poor
and governance reports by the company?
You may also contact us at:
Brand and Social Responsibility Division, POWERCHINA Office
Address: Building 1, No. 1 Courtyard, Linglong Lane Road, Contact person: Liu Yao
Haidian District, Beijing, China
Tel: 010-58368571 Email: liuyao@powerchina.cn
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