Business Telegraph

.

Mengniu Partners with Alliance for Water Stewardship to Promote Water Conservation Initiatives across the Global Dairy Industry

  • Written by Telegraph Magazine

HONG KONG SAR - Media OutReach Newswire - 30 October 2024 - China Mengniu Dairy Company Limited and its subsidiaries (together as "Mengniu", the "Company" or the "Group") (Stock Code: 2319) has signed a Memorandum of Understanding ("MOU") with the Alliance for Water Stewardship ("AWS") during the Shanghai Sustainable Water Management Forum to enhance collaboration in facilitating AWS certification, promoting water conservation among consumers, standardizing sustainable water practices in the dairy industry, and establishing a benchmark for water management in China.



AWS is a global collaborative network that includes businesses, NGOs, and public sector organizations. Members of AWS contribute to the sustainability of local water resources by adopting and promoting a universal framework for responsible water use – the International Water Stewardship Standard, or AWS Standard. The framework drives, recognizes, and rewards exemplary water management practices.

Mengniu has been actively enhancing its water management initiatives in recent years. In 2020, the Company set a goal to achieve a 6% reduction in freshwater consumption per tonne of dairy product by 2025, compared to 2020. As of 2023, the Group has successfully reduced its water consumption per tonne of dairy product by 3.8% since 2020, resulting in annual water savings of 1,062,000 tonnes.

Meanwhile, Mengniu has achieved a series of significant milestones in water resource conservation.

  • Governance: Mengniu's Sustainable Development Committee oversees its water resource management initiatives. Additionally, an Energy Conservation and Emissions Reduction Working Group was established to monitor the progress of business units on both a monthly and annual basis.
  • Operations: Mengniu has implemented the WWF Water Risk Filter tool to create water risk and watershed maps aligned with operational needs, facilitating systematic water risk management. The Group's water conservation strategy, encapsulated in the "3U Strategy" - "Save Use", "Recycle Use" and "Common Use" – empowers each business unit to actively identify opportunities and enhance technological innovations to reduce water consumption.
  • Certification and Standards: Mengniu has contributed to the formulation of several national and industry water conservation standards. As a result, 27 of the Group's entities have been recognized as water-saving enterprises. Notably, Mengniu was the first company in the domestic dairy industry to receive AWS water management certification for three of its facilities.
  • Water Footprint: Milk Deluxe (Dream Cap), an organic pure milk product, received the first Water Footprint Verification Statement for organic pure milk in China. Additionally, Mengniu's Dangyang facility also earned the first Organization Water Footprint Verification Statement in China, with the factory serving as the verification boundary.

Building on their shared commitment to sustainable water management developed over the years, Mengniu views this strategic partnership as a pivotal opportunity to enhance its water resource management practices. By closely collaborating with AWS and leveraging the unique knowledge, experiences, and strengths of both organizations, Mengniu and AWS will promote the adoption and implementation of water conservation standards in China to drive the sustainable development of dairy industry both in China and overseas.
Hashtag: #Mengniu #ESG

The issuer is solely responsible for the content of this announcement.

About China Mengniu Dairy Company Limited

China Mengniu Dairy Company Limited and its subsidiaries mainly manufacture and distribute quality dairy products in China. It is one of the leading dairy product manufacturers in China, with MENGNIU as its core brand. Mengniu offers diversified products including liquid milk products, ice cream, milk formula and cheese. In March 2014, Mengniu became a Hang Seng Index constituent, making it the first blue-chip Chinese dairy product manufacturer. In 2023, Mengniu's MSCI ESG rating was elevated to AA. Mengniu is a constituent of the Hang Seng Corporate Sustainability Index, Hang Seng (Mainland and Hong Kong) Corporate Sustainability Index, Hang Seng Corporate Sustainability Benchmark Index and HSI ESG Enhanced Select Index.

For more information, please visit .

Entrepreneurs & Leaders

Breaking Down the Basics of Business Partnership Agreements in Sydney

Agreements Over Business Partnership are important as they discuss and define the roles, functions, and expectations...

20ft Shipping Containers as a Sustainable Choice for Construction Projects

There is a sharp increase in the demands for sustainable building materials in modern architecture. Among the newest...

Benefits of Reverse Cycle Split Systems for Years of Comfort

Without the need for ductwork installation split system air conditioning provides an effective means of cooling part...

Top 5 Tax Benefits of Novated Leasing for Businesses

Offering novated leasing as part of a salary package can provide significant benefits for businesses beyond just impro...

Understanding Root Canals: When and Why They Are Necessary

Amongst the common dental treatments of infections in the pulp of a tooth is the root canal. The pulp of the tooth i...

Seasonal Maintenance of Anti-Bird Netting

Installation of bird netting is one of the measures that can be taken to ensure birds do not set foot in your proper...

Custom Kitchens Reflect Individual Personality and Lifestyle

Custom kitchens in Penrith have turned into a popular decision for property owners looking for special and practical...

Minimum Wage Entitlements for Casual and Part-Time Workers in Australia

The minimum wage in Australia stands as a crucial right for all workers, regardless of whether they are casual, part-t...

How Expert Removalist Companies Handle Heavy Furniture with Ease

Moving heavy furniture is tough and challenging. It requires special skills and tools to move large items safely without...