From November 11 to 12, the "Second Carbon Neutralization Boao Conference", jointly organized by China Energy Conservation Association (CECA) and China Quality Certification Center (CQC) and hosted by the Carbon Neutrality Committee of CECA, was officially opened in the Hainan · Boao Forum for Asia (BFA) International Conference Center. Huayou Cobalt was invited to attend the conference. With the theme of "Carbon Neutrality-Planning from an International Perspective", the Conference focused on topics such as global consensus and initiatives to deal with climate change. At the Conference, the company released the Carbon Peaking and Carbon Neutrality Actions Report of Zhejiang Huayou Cobalt Co., Ltd. jointly with BFA and signed the Boao Declaration on Corporate Actions on Carbon Peaking and Carbon Neutrality together with 35 enterprises. During the Conference, the "Voice of Carbon Peaking and Carbon Neutrality ·Zero Carbon Boao -- Award Ceremony for Enterprise Contribution to Carbon Neutrality" was also held, and Huayou Cobalt was awarded the "Carbon Neutrality Pilot Demonstration Award".

▲ The company released the Carbon Peaking and Carbon Neutrality Actions Report of Zhejiang Huayou Cobalt Co., Ltd. jointly with BFA

▲ Chen Ying, Director of the group's Strategic Development Department,  represented the company to deliver the Carbon Peaking and Carbon Neutrality Actions Report

▲ Liu Lichao (sixth from right), Senior Executive of the group's Industrial Development Department, represented the company to sign the Boao Declaration on Corporate Actions on Carbon Peaking and Carbon Neutrality

▲ Liu Lichao (fourth from right), Senior Executive of the group's Industrial Development Department, represented the company to receive the award on stage

At the 20th National Congress of the Communist Party of China, General Secretary Xi Jinping clearly stated in the report that: Based on China's energy and resource endowment, we will advance initiatives to reach peak carbon emissions in a well-planned and phased way in line with the principle of building the new before discarding the old. We will exercise better control over the amount and intensity of energy consumption, particularly of fossil fuels, and transition gradually toward controlling both the amount and intensity of carbon emissions. We will thoroughly advance the energy revolution. Coal will be used in a cleaner and more efficient way, and greater efforts will be made to explore and develop petroleum and natural gas, discover more untapped reserves, and increase production. We will speed up the planning and development of a system for new energy sources, properly balance hydropower development and ecological conservation, and develop nuclear power in an active, safe, and orderly manner. We will strengthen our systems for energy production, supply, storage, and marketing to ensure energy security. We will improve the statistics and accounting system and the cap-and-trade system for carbon emissions. The carbon absorption capacity of ecosystems will be boosted. We will get actively involved in global governance in response to climate change.

Since 2021, the company has been actively implementing the national development strategy of "carbon peaking and carbon neutrality". As a responsible multinational enterprise of new energy lithium battery materials, we have been committed to reducing carbon emissions throughout the industrial chain and promoting the green development of the industry. With a clear understanding of their carbon emissions, by launching pilot "zero-carbon" plants, the subsidiaries of the company have been awarded the titles of the World's First "Zero-Carbon" Plant for Cathode Materials, the World's First "Zero-Carbon" Plant for Resource Recycling, and the World's First "Zero-Carbon" Plant for Traction Battery Echelon Utilization. In the fast-growing new energy industry, the company adheres to the development strategy of "two clustering and two trends (i.e. the industrial and enterprise clustering, and the trends of park and base construction)" and the "Paths of "Six Trends" and explores and practices the green development path, striving to accelerate the realization of "carbon peaking and carbon neutrality" goals.

As the first enterprise in the global new energy lithium battery materials industry to publish a "Carbon Peaking and Carbon Neutrality" Action Report, Huayou Cobalt will implement the "carbon peaking and carbon neutrality" development plan and strive to achieve corresponding goals in carbon neutralization. We will take advantage of the integrated whole industrial chain to gradually reduce the carbon emissions from all business sectors. We will continue to create value for our customers, reduce the carbon footprint of products across the industrial chain, implement various measures and pathways, and strive to lead the high-quality and sound development of the industry, aiming to achieve carbon neutrality across the industrial chain. With the concept of green development and the vision of establishing an industry benchmark, we will start a new journey of green development.

Huayou Cobalt is actively carrying out systematic energy-saving and carbon-reduction projects, including optimizing the energy mix, improving operational efficiency, strengthening the recycling sector and applying carbon-negative technologies. We have set foot on a "Huayou path" to the green and low-carbon development of the whole industrial chain of new energy lithium battery materials, and will eventually achieve carbon neutrality in the whole industrial chain in three steps: An initial carbon neutralization period from 2020 to 2030, a sustained carbon neutralization period from 2030 to 2040 and a deep carbon neutralization period from 2040 to 2050. To achieve the goal of carbon neutrality, we will promote the transformation of the energy mix, practice the concept of circular development, strengthen the support of scientific and technological innovation, build a zero-carbon sector in an orderly manner, improve the energy efficiency, and create a green and low-carbon supply chain.