Potential offtaker

SUNNY OPTICAL

www.sunny-optics.com

Estimated electricity consumption

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Countries of production presence

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Sunny Optical is a leading Chinese company that operates in the optical instruments and lens sector. The company was founded in 1984 and has since grown to become a global leader in the industry. Sunny Optical has a strong commitment to sustainability and has implemented several initiatives to reduce its carbon footprint and promote renewable energy.

Decarbonisation is a key focus for Sunny Optical, and the company has set ambitious targets to reduce its greenhouse gas emissions. The company has implemented several measures to achieve these targets, including investing in renewable energy and improving energy efficiency. Sunny Optical has also implemented a corporate energy management system to monitor and manage its energy consumption.

One of the key initiatives that Sunny Optical has implemented to promote renewable energy is corporate power purchase agreements (PPAs). PPAs are contracts between a renewable energy developer and a corporate buyer, where the buyer agrees to purchase a certain amount of renewable energy from the developer over a specified period. By entering into PPAs, Sunny Optical is able to support the development of renewable energy projects and reduce its reliance on fossil fuels.

In 2019, Sunny Optical signed a PPA with a wind farm developer in Inner Mongolia. Under the agreement, Sunny Optical agreed to purchase 100% of the electricity generated by the wind farm for a period of 20 years. The wind farm has a capacity of 200 MW and is expected to generate approximately 600 GWh of electricity per year. This is equivalent to the annual electricity consumption of around 200,000 households and will result in a significant reduction in greenhouse gas emissions.

Sunny Optical has also invested in renewable energy projects through its subsidiary, Sunny Energy. Sunny Energy is a renewable energy developer that focuses on solar and wind power projects. The company has developed several large-scale solar and wind projects in China and has plans to expand its operations globally.

In addition to its renewable energy initiatives, Sunny Optical has also implemented several measures to improve energy efficiency and reduce its energy consumption. The company has implemented an energy management system that monitors and manages its energy consumption in real-time. This system has helped the company to identify areas where energy efficiency can be improved and has resulted in significant energy savings.

Sunny Optical has also implemented several measures to reduce its carbon footprint. The company has invested in energy-efficient equipment and has implemented a waste management system to reduce its waste generation. Sunny Optical has also implemented a green procurement policy, which requires suppliers to meet certain environmental standards.

Sunny Optical's commitment to sustainability has been recognized by several organizations. The company has been included in the Dow Jones Sustainability Index for four consecutive years and has received several awards for its sustainability initiatives. In 2020, Sunny Optical was recognized as one of the top 100 sustainable companies in China by the China Enterprise Confederation and the China Enterprise Directors Association.

In conclusion, Sunny Optical is a leading Chinese company that operates in the optical instruments and lens sector. The company has a strong commitment to sustainability and has implemented several initiatives to reduce its carbon footprint and promote renewable energy. Sunny Optical's use of corporate PPAs and investment in renewable energy projects demonstrates its commitment to decarbonisation and reducing its reliance on fossil fuels. The company's energy management system and green procurement policy also highlight its commitment to improving energy efficiency and reducing waste generation. Sunny Optical's sustainability initiatives have been recognized by several organizations, and the company is well-positioned to continue its leadership in sustainability in the future.

✓ Declared Net Zero commitment