Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Social Responsibility
• Governance

Environmental Achievements

• Reduced energy consumption by approximately 528,000 kWh through equipment upgrades at Changyuan Power.
• Replaced 4 types of chip materials containing rare earth metals, reducing consumption of rare earth metal components.
• Replaced 1 type of long-life chip material, doubling the lifespan and reducing waste.
• Successfully implemented carbon neutrality for Changyuan Shenrui's office building in 2020.
• Changyuan Shenrui selected as one of the first pilot projects for near-zero carbon emission zones in Shenzhen.

Social Achievements

• Implemented a comprehensive employee benefits system, including social insurance, housing provident fund, and supplementary medical insurance.
• Organized various cultural and sports activities for employees.
• Conducted approximately 1215 training sessions, covering over 1523 employees.
• Established a grievance mechanism through a reporting hotline and email.
• Supported education through donations of books to schools and one-on-one mentoring of students.

Governance Achievements

• Held 12 shareholder meetings, 19 board meetings, and 9 supervisory board meetings.
• Established a comprehensive internal control system, including measures for major investments, external guarantees, related transactions, and information disclosure.
• Implemented a robust anti-corruption system with reporting channels and confidentiality measures.
• Complied with information disclosure regulations, issuing 4 periodic reports and 123 temporary announcements.
• Strengthened investor relations management through various communication channels.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions (implied, not explicitly stated)
• Environmental regulations (implied, addressed through mitigation efforts)

Mitigation Strategies

• Implemented measures to reduce energy consumption and waste.
• Improved environmental protection systems and controls.
• Developed and implemented waste treatment facilities.
• Strengthened internal control systems to ensure compliance.

Supply Chain Management

Responsible Procurement

• Strict supplier selection criteria based on production scale, management level, equipment, product quality, and after-sales service.

Climate-Related Risks & Opportunities

Awards & Recognition

• 2021 China Brand Top 500
• 2021 Guangdong Manufacturing Enterprises Top 500
• Shenzhen Top 500 Enterprises

Environmental Metrics

ESG Focus Areas

• Climate Change
• Renewable Energy
• Sustainable Supply Chain
• Governance
• Employee Well-being
• Social Responsibility

Environmental Achievements

• Achieved carbon neutrality certification for Changyuan Smart Industry Science and Technology Park by purchasing and retiring 2,670 MWh of International Renewable Energy Certificates (I-REC) and 61 tons of Verified Carbon Units (VCUs).
• Reduced carbon emissions by 1,780.06 tons through the use of 2,139,490.19 kWh of photovoltaic power.
• Implemented various energy-saving measures, including replacing old equipment with energy-efficient ones and using renewable energy sources.

Social Achievements

• Launched employee wellbeing initiatives, including various recreational activities and training programs.
• Implemented a comprehensive employee training program with 28,661 participants.
• Maintained 100% employee social insurance coverage and a 100% labor contract signing rate.
• Zero labor discrimination incidents reported.
• Donated to various charitable causes, including rural revitalization and educational support.

Governance Achievements

• Established a robust ESG management system with dedicated working groups.
• Implemented a comprehensive internal control system and risk management framework.
• Maintained a 100% customer complaint resolution rate.
• Implemented anti-corruption training programs and established clear reporting channels for ethical concerns.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: 850 suppliers audited in 2022

Responsible Procurement

• Supplier Code of Conduct
• Requirement for ISO 9001 and ISO 14001 certifications
• Green procurement practices

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI Standards, CASS-ESG 5.0, Hong Kong Exchanges and Clearing ESG Reporting Guidelines, Shanghai Stock Exchange's Self-Disciplinary Regulatory Guidelines No. 1 - Standardized Operation

Certifications: ISO 14001, ISO 45001, GB/T 29490-2013 (Intellectual Property Management System), GB/T 33635-2017 (Green Supply Chain Management System)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Green Factory
• 2022 Influential Photovoltaic Storage Integration Solution Enterprise
• 2022 Top Ten Innovative Brands in China's Charging Facilities Industry

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Social Responsibility
• Corporate Governance

Environmental Achievements

• Reduced carbon emissions by 1725.93 tCO2e in 2023 through self-owned photovoltaic power generation.
• Neutralized 3834.74 tons of carbon dioxide equivalent in 2023.
• Obtained carbon footprint certification for 24 products.

Social Achievements

• Launched employee wellbeing initiatives, including the "Love Mom's Little House" for nursing mothers.
• Conducted 1924 training sessions for employees.
• Organized various employee activities such as sports leagues and holiday celebrations.

Governance Achievements

• Established a robust corporate governance system in accordance with relevant laws and regulations.
• Implemented a comprehensive internal control system.
• Improved information disclosure quality to protect investor rights.

Climate Goals & Targets

Environmental Challenges

• Extreme weather conditions impacting operations and employee safety.
• Supply chain disruptions due to climate events.
• Increased costs due to climate change (e.g., energy costs).
• Pressure from carbon emission reduction policies.
• Increased green requirements from customers.
• Higher R&D costs due to low-carbon technology requirements.
• Stringent environmental disclosure requirements.
• Potential shortage of fossil fuels.

Mitigation Strategies

• Established an emergency response system for extreme weather.
• Developed alternative sourcing strategies.
• Dynamically adjusted energy resource management system.
• Closely followed national policy directions and actively assumed social responsibilities.
• Implemented carbon emission reduction plans.
• Monitored customer and overseas market low-carbon policies and requirements.
• Optimized production processes and implemented supply chain carbon management.
• Increased the proportion of clean energy use.
• Developed carbon neutral plans and actions.

Supply Chain Management

Supplier Audits: 61 suppliers audited in 2023

Responsible Procurement

• Supplier Code of Conduct
• ESG training for suppliers
• Low-carbon supply chain requirements

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather conditions
• Natural disasters

Transition Risks

• Carbon emission reduction policies
• Customer green requirements
• Shortage of fossil fuels

Opportunities

• Development of energy-efficient products and services
• Investment in renewable energy projects

Reporting Standards

Frameworks Used: Shanghai Stock Exchange's Self-Disciplinary Supervision Guidelines No. 1, Hong Kong Exchanges and Clearing Limited's Environmental, Social and Governance Reporting Guidelines, Global Reporting Initiative Standards (GRI Standards), China Enterprise Social Responsibility Report Guide (CASS-ESG 5.0)

Certifications: ISO 14001, ISO 45001, ISO 50001, ISO/IEC20000

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 9 (Industry, Innovation, and Infrastructure)
• Goal 13 (Climate Action)

The company's initiatives contribute to these goals through renewable energy development, sustainable product design, and carbon emission reduction efforts.

Sustainable Products & Innovation

• Green design products (e.g., switches, circuit breakers)

Awards & Recognition

• National Science and Technology Innovation Enterprise 500 Strong
• China Energy Enterprises (Group) 500 Strong
• Green Factory
• Green Design Product