Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Developed the first phase of a 25,000-ton waste lithium-ion battery recycling project.
• Achieved 100% green power usage in Chengdu Data Center.
• Reduced carbon emissions by 68,000 tons through emission reduction projects in the supply chain.

Social Achievements

• Reconstructed the job system and built a platform for personnel development.
• Launched the “Golden Autumn Scholarship” activity, sponsoring more than 60 children of employees in difficulty.
• Provided various corporate benefits for employees, including holiday benefits, employee medical checkups, and condolence money.

Governance Achievements

• Established a relatively complete corporate social responsibility management system, covering various aspects such as business, product, and environmental responsibilities, as well as human rights and labor, social welfare, supply chain, and business ethics.
• Introduced the Electronic Industry Code of Conduct (EICC) standard in 2010 and the Responsible Business Alliance (RBA) Code of Conduct in 2018.
• Carried out CSR risk rating for all production suppliers.

Climate Goals & Targets

Environmental Challenges

• Impact of the pandemic on the global economy.
• Challenges in the integration of energy storage systems and project delivery experience.
• Safety hazards of shared electric bicycles.

Mitigation Strategies

• Developed the third-generation fully pre-assembled modular lithium-ion energy storage system featuring ultra-high volume-to-energy ratio.
• Developed the e-Cloud intelligent energy storage cloud platform for efficient operation and maintenance.
• Developed mobile emergency power supply vehicles to revolutionize the traditional power exchange mode for shared electric bicycles.

Supply Chain Management

Supplier Audits: 28 high- and medium-risk suppliers audited in 2021

Responsible Procurement

• Sustainable development integrated into procurement strategy.
• Greenhouse gas inventory of suppliers.
• Responsible mineral procurement management.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, SASAC of the State Council Guidance, GB/T36001-2015, CSR Center of CASS Guidelines, CFIE Guidelines, HJ617-2011, ISO26000:2010

Certifications: ISO9001, ISO14001, ISO45001, SA8000, QC080000, RBA, ISO50001, IATF16949, ISO22301, KC, KBIA

Sustainable Products & Innovation

• Third-generation fully pre-assembled modular lithium-ion energy storage system
• Intelligent IOT home household energy storage system solution
• Intelligent charging and switching power solutions for mobile emergency vehicles
• Third-generation graphene battery

Awards & Recognition

• National Green Data Center
• Caring Enterprise for the Disabled
• National clean production demonstration enterprise

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Social Responsibility
• Governance
• Technological Innovation
• Green and Low-Carbon Development
• Sustainable Supply Chain

Environmental Achievements

• Achieved 100% up-to-standard emissions rate.
• Reduced unit product energy and resource consumption and emissions of three wastes by 10% within five years (based on 2022 baseline).
• Reduced unit product carbon emissions by 10% within five years (based on 2022 baseline).
• Two subsidiaries won the title of "Green Factory" from the Ministry of Industry and Information Technology.
• Three subsidiaries were awarded the title of "Green Supply Chain Management Enterprise" by the Ministry of Industry and Information Technology.
• Five products selected into the list of national green design products.
• National demonstration enterprise for clean production.
• Completed carbon footprint certification for 2 lead-acid and 7 lithium-ion battery products.
• Three lithium battery third-generation energy storage system products registered under the Italian EPD system.
• Achieved an A-level rating in the CDP Supplier Engagement Leader category.

Social Achievements

• Increased proportion of female employees to 33.23% (1.22% increase compared to the previous year).
• Increased proportion of female middle and senior managers to 19.34% (1.43% increase compared to the previous year).
• Donated 768,000 yuan to support various welfare projects.
• Provided placement for 35 disabled persons.
• Paid 1,303,000 yuan in employment security funds for disabled workers.
• Organized school uniform donation event, donating over 240 sets of school uniforms.
• Launched "Autumn Assistance for Education" activity, providing financial support to 37 children of employees.

Governance Achievements

• Established a corporate governance structure ensuring all shareholders fully exercise their powers.
• Established four special committees: Strategic Committee, Audit Committee, Nomination Committee, and Remuneration and Assessment Committee.
• Introduced the "Sunshine Narada" information reporting platform for reporting violations.
• Conducted regular integrity and anti-corruption training sessions.
• Implemented disciplinary actions for employees found guilty of violations.
• Introduced the Electronic Industry Code of Conduct (EICC) standard (now RBA Code of Conduct).
• Actively formulated a compliance plan for Regulation (EU) 2023/1542.

Climate Goals & Targets

Environmental Challenges

• Global climate change and the need for green and low-carbon development.
• Rapid growth in the global energy storage market and the need to maintain competitiveness.
• Compliance with new regulations such as Regulation (EU) 2023/1542.
• Ensuring the sustainable development of the supply chain.
• Maintaining employee satisfaction.

Mitigation Strategies

• Investing in research and development of new technologies and solutions.
• Expanding presence in global energy storage markets.
• Formulating compliance plans for new regulations.
• Establishing a robust operational management control system covering the full industrial chain.
• Implementing improvement measures based on employee satisfaction survey results.
• Strengthening supply chain quality and stability through audits and supplier engagement.

Supply Chain Management

Supplier Audits: 125 on-site audits in 2023

Responsible Procurement

• Social Responsibility Commitment Letter
• Integrity Agreement
• OECD Due Diligence Guidance
• Chinese Due Diligence Guidelines
• Conflict-free Mineral Notification
• Letter of Commitment for Non-Use of Conflict Minerals

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, SASAC of the State Council Guidance, United Nations Sustainable Development Goals (SDGs), GB/T36001-2015, CASS-ESG 5.0, CFIE Guidelines, HJ617-2011

Certifications: ISO9001, ISO14001, ISO45001, SA8000, QC080000, RBA, ISO14067, ISO 50001

Sustainable Products & Innovation

• Liquid-cooled energy storage system
• High-capacity battery cells
• High-voltage lithium battery system for data centers

Awards & Recognition

• Ranking 180th in the List of 2023 Global Top 500 New Energy Enterprises
• China's Top 10 in New Energy Battery Sector of Light Industry
• China's Top 100 Science and Technology Enterprises in Light Industry
• China's Top 200 Enterprises in Light Industry
• China's Top 10 Enterprises in Lead-acid Battery Sector of Light Industry
• 2023 China New Energy Storage Industry Excellent Brand Award
• Excellent Enterprise of Battery Reuse and Recycling
• Benchmarking Enterprise of Corporate Social Responsibility in Zhejiang Province
• First Prize of Jiangxi Science and Technology Progress Award
• Ranking the 56th in the Top 100 Comprehensive Manufacturing Enterprises of Private Enterprises in Anhui Province
• 2023 Hangzhou Enterprise High-tech Research and Development Center
• Hangzhou Credit Management Demonstration Enterprise