Goldwind

No leading practices were identified for this company.

No leading practices were identified for this company.

No leading practices were identified for this company.

No leading practices were identified for this company.

Goldwind should develop a long-term target that aligns with a 1.5°C pathway and covers its scope 1, 2 and 3 emissions. Additionally, the company should set intermediate targets at gaps of no more than five years to incentivise near-term action on longer-term goals. The company provides emissions data for the period 2017-2022. However, there is a break in the series with a change in the reporting boundaries for scope 2 emissions in 2022.

There is no evidence that Goldwind has a low-carbon transition plan. The company should establish a time-bound action plan that outlines how it will transition to a low-carbon economy. This should include medium- and long-term targets, verifiable and quantifiable key performance indicators and financial commitments. Further, the plan should be informed by scenario analysis to ensure its ambition is sufficient to align with a 1.5°C pathway.

The company does not disclose its capital expenditure (CapEx) on low-carbon technologies or its investment in research and development (R&D) for low-carbon technologies. The lack of detailed information regarding the considered technologies and mapping against a recognised taxonomy, these investments could not be assessed. Moreover, the company does not report sufficient details on the interventions it has carried out in the last five years to reduce the life cycle greenhouse gas (GHG) emissions of its low-carbon assets.

Goldwind should encourage suppliers to set science-based targets and developing joint low-carbon R&D projects. No evidence was found to indicate that Goldwind opposes climate-aligned policies. However, the company can increase its credibility by publicly disclosing and demonstrating its support for climate policies, such as the Paris Agreement.

Goldwind has set targets to reduce its scope 1 and 2 emissions intensity. It also commits to reducing its emissions intensity by 25% in 2025 compared to 2020. However, the ambition of the latter target does not align with its 1.5°C pathway.

Goldwind lacks a formal transition plan, but the company has addressed various aspects of the low-carbon transition. The company can strengthen its efforts by detailing a plan that includes short-term and long-term actions alongside dedicated financial commitments to support its transition.

Goldwind is amongst the top 10 wind turbine manufacturers worldwide with a cumulative installed capacity of 97 GW. Currently, the company counts with 53% self-generated renewable energy used in their own operations.

The company has not set targets that are ambitious enough to achieve a low-carbon transition aligned with a 1.5°C scenario. The company’s absolute scope 1 and 2 emissions have increased from 2017 to 2022. Furthermore, Goldwind lacks consistent data in relation to its scope 3 emissions.

Goldwind does not have clear long-term targets to achieve a low-carbon transition. Additionally, it provides inconsistent reporting for its GHG emissions. This affects the credibility of the company’s environmental performance indicators

The company publicly discloses a commitment to engaging in social dialogue with workers and unions. However, no relevant disclosure was found regarding the categories of stakeholders it engages with on a just transition. Nor was there any evidence to show the company’s ongoing social dialogue and meaningful engagement with affected stakeholders. No evidence was found of the company undertaking low-carbon transition planning to mitigate the social impacts of the transition on workers, affected stakeholders and its business relationships. Additionally, no evidence was found to demonstrate the company’s engagement in social dialogue and with stakeholders in its just transition planning.

No public commitment by the company was found stating its intention to create and support access to green and decent jobs as part of the low-carbon transition. Moreover, no evidence was found of the company’s action to promote these jobs in a way that ensures gender balance and inclusion of vulnerable groups. Additionally, no relevant disclosure was found of the company’s assessment of employment dislocation risks. No public commitment by the company was found stating its intention to re-skill and up-skill workers displaced by the transition to a low-carbon economy. Additionally, no evidence was found that the company reskills and upskills workers in a way that ensures gender balance and inclusion of vulnerable groups.

No relevant disclosure was found to show if the company identifies impacts of the low-carbon transition on social protection for workers and affected stakeholders, nor how it contributes to social protection. Additionally, no evidence was found that the company expects its business relationships to contribute to the social protection of their workers and affected stakeholders. No relevant disclosure was found to show how the company identifies any misalignment of its lobbying activities with policies and regulations that support the just transition, nor of the measures it takes to address misalignment. Furthermore, no evidence was found that the company lobbies for policies and regulations for green and decent job creation; retention, education and reskilling; and social protection for workers.

The company commits to respecting human rights. However, no other policies or commitments of the company related to respect for human rights were found in the public domain. This includes the necessary policies and systems by which the company can ensure respect for basic human rights in its operations and supply chain.

The company discloses the gender of its workforce by employee category. However, no other evidence of the company’s policies or commitments related to key decent work issues were found in the public domain. These issues include the provision of secure, safe and healthy workplaces, where workers are fairly renumerated and have a meaningful say in decision-making.

The company includes anti-bribery and anti-corruption clauses in its contracts with business relationships. However, no other policies or commitments of the company related to key ethical business topics – personal data protection, tax, bribery and corruption, and lobbying and political engagement – were found in the public domain. This includes ensuring ethical business conduct throughout its operations and in its relationships with business partners.