Aluminum Corporation Of China Limited(601600) indirect holding subsidiary fined 1.06 million yuan for environmental violations

According to the data monitored by the “A-share green report” project, Aluminum Corporation Of China Limited(601600) (601600. SH), an indirect holding subsidiary of Chinalco Shanxi Jiaokou Xinghua Technology Co., Ltd., was subject to administrative punishment for environmental violations. In accordance with Article 108 (5) of the law of the people’s Republic of China on the prevention and control of air pollution, Article 112 (2) of the law of the people’s Republic of China on the prevention and control of solid waste, Article 112 (13) of the law of the people’s Republic of China on the prevention and control of solid waste and Article 112 (1) of the law of the people’s Republic of China on the prevention and control of solid waste, Chinalco Shanxi Jiaokou Xinghua Technology Co., Ltd. was fined 1.06 million yuan. The punishment information was disclosed by relevant regulatory authorities on January 10, 2022.

The “A-share green report” project is jointly launched by the daily economic news and the public environmental research center (IPE), a well-known NGO in the field of environmental protection. It aims to make the environmental information of listed companies more sunny and transparent. Based on the authoritative environmental regulatory data released by 31 provincial and municipal governments and 337 prefecture level municipal governments, this project selects and monitors the environmental performance of listed companies and their subsidiaries (including branches, joint-stock companies and holding companies), makes professional data analysis and in-depth interpretation, intelligently writes daily, timely publishes the AI green Report of listed companies, and launches the A-share green weekly report every week, Regularly and dynamically update the environmental risk list of listed companies.

The content of the administrative punishment decision with document No. jhfz [2022] 03 shows: 1. The raw material warehouse of Chalco Shanxi Jiaokou Xinghua Technology Co., Ltd. is not tightly closed and the dust is discharged unorganized; 2. No closed raw material warehouse was built, and about 170000 tons of raw materials were stored in the open air, which was not covered completely, resulting in dust pollution; 3. The hazardous waste standing book does not truthfully record the storage volume of hazardous waste; 4. Hazardous waste containers are not provided with hazardous waste identification marks as required.

According to the A-share green weekly report of the previous period (total issue 62), a total of 88 listed companies have recently exposed environmental risks, mainly in Beijing, Guangdong and Shanghai. Among them, 43 are state-owned controlled enterprises and 21 are enterprises with a market value of 100 billion. In addition to environmental risks, in the second week of January 2022, 11 projects of A-share listed companies and their subsidiaries entered the publicity status of EIA approval.

The 2020 annual report shows that the main business of Aluminum Corporation Of China Limited(601600) is the aluminum industry, accounting for 98.21% of revenue.

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