Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social
• Governance

Environmental Achievements

• Implemented cleaner production projects to reduce resource consumption and waste generation.
• Recycled production cooling water and treated domestic wastewater to meet management requirements.
• Collected and fully combusted waste gas using RTO devices.
• Classified and utilized general solid waste; hazardous waste disposed of in compliance with regulations.

Social Achievements

• Established the "FIRST Love Student Fund" to support poor students.
• Donated photovoltaic equipment to Shibing County People's Government for energy savings and emission reductions.
• Donated to the Lin'an Red Cross Society and the "White Angel Fund" during the COVID-19 pandemic.
• Implemented employee stock ownership plans.

Governance Achievements

• Complied with the "Company Law", "Securities Law", "Governance Guidelines for Listed Companies", "Shanghai Stock Exchange Listing Rules", and other relevant regulations.
• Established special committees (Strategy and Investment, Compensation and Appraisal, Nomination, and Audit).

Climate Goals & Targets

Supply Chain Management

Responsible Procurement

• Established "Procurement Control Procedures" and "Supplier Management Control Procedures"

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, ISO 26000:2010, GB/T 36001-2015

Certifications: ISO9001, ISO45001:2018

UN Sustainable Development Goals

• Good Health and Well-being
• Quality Education
• Gender Equality
• Decent Work and Economic Growth
• No Poverty
• Responsible Consumption and Production
• Climate Action
• Partnerships for the Goals

Environmental Metrics

ESG Focus Areas

• Low-Carbon Development
• Green Operations
• Waste Management
• Chemical Safety
• Water Conservation
• Climate Change Response
• Employee Training and Development
• Equality and Diversity
• Occupational Health and Safety Management
• Compensation and Benefits
• Trade Union Management
• Social Responsibility
• Corporate Governance
• Standard Operation Procedures
• Risk Management and Internal Control
• Business Ethics
• Anti-Corruption
• Product Development
• Product Quality Control
• Supply Chain Management
• Stakeholder Communication
• R&D Innovation

Environmental Achievements

• Recycled 670K pieces wooden pallets, 150K pieces plastic pallets, 960K pieces paper pipes, and 1.09 million pieces plastic pipes in 2022.
• 37.19MW photovoltaic power stations built, equivalent to a reduction of 44,500 tons of carbon dioxide emissions.
• Sales volume of photovoltaic film reached 1.321 billion square meters, able to produce 140GW PV modules, reducing approximately 140 million tons of carbon dioxide emissions.
• No administrative penalty for environmental issues in 2022.
• 5 of 5 production bases (excluding electronic material cutting base and production base under construction) passed ISO14001 environmental management system certification.
• Won the Zhejiang Green Enterprise Award and the Zhejiang Green Factory Award.

Social Achievements

• Organized 290 training sessions with 8,709 trainees participating (average 9.35 hours per trainee).
• Launched "Qingteng", "Qingmiao", and "Xinya" programs for employee development.
• Implemented Team Leader Program with 341 instances of transfer training.
• No child labor or forced labor employed.
• Donated RMB 2.063 million toward social welfare.
• Supported rural revitalization strategy.

Governance Achievements

• Held 4 shareholders' meetings, 14 board meetings, 14 supervisory board meetings, and 12 meetings of various professional committees.
• Revised and formulated 18 major rules and regulations.
• Engaged Pan-China Certified Public Accountants LLP for an internal control audit with an unqualified opinion.
• Established FIRST Supervision Reporting Platform.
• No corruption lawsuits in 2022.
• Renewed Tax Compliance Cooperation Agreement with Hangzhou Tax Bureau.

Climate Goals & Targets

Environmental Challenges

• Extreme weather causing power, water, and transportation problems, resulting in production disturbances.

Mitigation Strategies

• Building a distributed power generation system on the roof of the building for internal use.
• Installing energy storage facilities inside the plant for emergency use.
• Analyzing water resources in the operating area and reserving alternate water sources.
• Constructing multiple production bases domestically and internationally to disperse capacity concentration risk.

Supply Chain Management

Supplier Audits: Annual audits

Responsible Procurement

• Established Procurement Control Procedure and Supplier Management Control Procedure.
• Implemented a supplier integrity system, including issuing "Integrity and Self-discipline Notification Letters".

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather causing power, water, and transportation problems.

Transition Risks

• Not disclosed

Opportunities

• Seizing development opportunities of global energy transformation and upgrading.

Reporting Standards

Frameworks Used: Shanghai Stock Exchange's "Guidelines for Environmental Information Disclosure of Listed Companies", GRI Standards (latest GRI General Guidelines 2021), ESG Reporting Guide of the Hong Kong Stock Exchange

Certifications: ISO 14001, ISO 45001, ISO9001, IATF16949, UL, TUV, and CBC product certifications, AEO advanced certification of customs

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Photovoltaic film
• Photovoltaic backsheet
• Photosensitive dry film
• FCCL
• Photosensitive covering film
• Aluminum-plastic composite film
• Water treatment membrane support material

Awards & Recognition

• Champion Product in Single Manufacturing Industry from the Ministry of Industry and Information Technology of the P.R. China
• First place of the Scientific Technology Improvement in Zhejiang Province
• National May Day Labor Certificate
• Zhejiang Green Enterprise Award
• Zhejiang Green Factory Award