Recently, the China Electronics Energy Conservation Technology Association announced the list of the tenth batch of authorized carbon label evaluation agencies. CYG CE, a subsidiary of Changyuan Technology Group Ltd.(CYG), has been awarded the qualification of "Carbon Label Authorized Evaluation Agency." This recognition signifies that CYG CE is now certified by an authoritative institution to provide carbon label evaluation and certification services to enterprises.

The qualification assessment comprehensively evaluates the company's financial status, management systems, intellectual property, and product carbon footprint assessment capabilities. Achieving this qualification confirms CYG CE's professionalism in conducting carbon label evaluations and participating in the market-oriented construction of the carbon label evaluation system, including contributing to the development of evaluation planning and technical guidelines.

01. What is a Carbon Label?

A carbon label is designed to mitigate climate change by reducing greenhouse gas emissions and promoting low-carbon technologies. It quantifies the carbon dioxide emissions associated with a product’s entire life cycle—from raw material acquisition, manufacturing, storage and transportation, to usage and disposal—and displays this information on the product label. By informing consumers of the greenhouse gas emissions linked to products, carbon labels can influence green consumption and guide enterprises toward low-carbon technological upgrades, ultimately helping to reduce greenhouse gas emissions and combat climate change.

As a measure of low-carbon performance in the supply chain, a carbon label represents the establishment of a product carbon footprint evaluation standard system, providing enterprises with clear guidance on low-carbon transformation and upgrading throughout the product life cycle. Moreover, a carbon label serves as a recognition for companies committed to low-carbon practices during product manufacturing.

02. Why Should Enterprises Pursue Carbon Footprint/Carbon Label Certification?

·Actively engaging in product carbon footprint analysis can enhance internal operations, promote energy savings, and reduce costs, thereby fostering green low-carbon technology upgrades and a robust green supply chain production system.

·Displaying the carbon emissions of a product over its life cycle through a carbon label can attract more consumers by offering green low-carbon products or services.

·Accelerating the carbon label certification process helps enterprises address the impending carbon tariff barriers proposed by the EU, thereby strengthening their competitive advantage in international markets.

03. Comprehensive Dual Carbon Services

In the context of the dual carbon goals, CYG CE is proactively undertaking carbon reduction tasks while deepening its engagement in carbon neutrality-related business areas. Following the introduction of the dual carbon objectives, CYG CE has launched a series of initiatives focused on energy conservation and low carbon technologies, providing enterprises with comprehensive dual carbon solutions, including carbon asset development, carbon trading, carbon inventory, carbon footprint evaluation, and carbon neutrality pathway planning. These services aim to enhance energy management levels, uncover energy-saving potential, improve energy efficiency, and reduce energy costs, ultimately driving greater economic benefits for enterprises.

Changyuan Comprehensive Energy (Shenzhen) Co., Ltd.(CYG CE), a subsidiary of Changyuan Technology Group Ltd. (stock name: Changyuan Group, stock code: 600525.SH), is dedicated to the development and operation of high-quality integrated energy solutions. The company aims to become a leading provider of comprehensive energy solutions in China, focusing on end-users in the energy sector. CYG CE offers tailored solutions that include efficient energy planning, optimization of energy consumption, and a full range of integrated energy supply and value-added services, providing complete system integration for its clients.