Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced carbon dioxide emissions by 566,831 tons through emission reduction initiatives.
• Achieved 9 national green factories, 4 provincial green factories and 3 municipal green factories certifications.
• Implemented 342 energy-saving and cost-reduction projects, saving 61.37 million kWh of electricity.
• Installed 54MW of PV power generation capacity.
• Cumulatively processed more than 56.64 million units/sets of various waste electrical and electronic products.

Social Achievements

• Employed 72,610 people.
• Achieved 100% employee physical examination rate.
• Completed 59 training projects with a total of 25,000 person-times and an average annual satisfaction rate of 98%.
• 100% of procurement staff passed sustainable procurement training.
• Customer satisfaction ranked first in the air conditioning industry for 12 consecutive years.

Governance Achievements

• Held 1 General Meeting of Shareholders and 6 Board Meetings.
• Over 40% of independent directors and 22.22% female directors on the board.
• Distributed more than CNY 142 billion in dividends.
• Implemented a robust internal control management system.
• Obtained ISO27001 Information Security Management System Certificate.

Climate Goals & Targets

Environmental Challenges

• Reducing the failure rate of DC motor control boards in inverter air conditioners.
• Managing waste gas emissions to meet environmental protection standards.
• Reducing the amount of waste sludge disposed of.
• Ensuring the timely response of heat pump floor heating systems to changes in building heat load.

Mitigation Strategies

• Provided in-depth training on clean electricity and overvoltage management for DC motor suppliers.
• Implemented regenerative combustion and catalytic combustion technologies for waste gas treatment.
• Implemented a sludge reduction project using efficient heat pump technology for low-temperature drying equipment.
• Optimized the operation time and heating capacity of heat pump units based on the thermal storage capacity of building floors and future outdoor conditions.

Supply Chain Management

Supplier Audits: 100% supplier review rate

Responsible Procurement

• Adherence to the code of conduct of "Business Social Compliance Initiative" (BSCI).
• Conflict minerals policy and management system.
• Sustainable procurement training for 100% of procurement personnel.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products and renewable energy technologies.

Reporting Standards

Frameworks Used: GRI Standards, UN SDGs

Certifications: ISO 14001, ISO 50001, ISO 27001, ISO/IEC 27701:2019

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• 7 (Affordable and Clean Energy)
• 9 (Industry, Innovation and Infrastructure)
• 12 (Responsible Consumption and Production)
• 13 (Climate Action)

Gree's initiatives in renewable energy, energy efficiency, waste reduction, and sustainable supply chain management contribute to these goals.

Sustainable Products & Innovation

• Energy-efficient air conditioners
• Zero Carbon Source PV energy-storage air-conditioning technology
• Heat pump washer-dryer
• Flower-level fresh-keeping refrigerator

Awards & Recognition

• China Quality Award (2018)
• Chinese Patent Gold Award
• Global Refrigeration Technology Innovation Competition highest award
• Numerous Geneva International Gold, Silver and Bronze Medals for Inventions
• 2023 Outstanding Contribution Compassionate Enterprise Award
• 2022 "Charitable Loving Enterprise" Award
• China ESG Benchmark Enterprise Award
• 2023 Corporate Climate Action Case
• Green Design Demonstration Enterprise of Industrial Products
• Excellent Case of Green Development in 2023
• Most Influential Employer
• Most Socially Responsible Listed Company
• 2023 Guangdong Enterprise Brand and Enterprise Culture Construction Model Unit
• Give a Like for My Favorite China's Brands in 2022
• Top 100 Annual Brands List
• Brand Value Leader
• Annual Model Enterprises for Honest and Trustworthy Business Practices
• Outstanding Contribution Brand Unit
• A number of German Red Dot Awards
• Greater Bay Area Navigation Award – Award for Outstanding Contribution (Enterprise)
• AWE2024 Gold Award
• Health Star of Chinese Household Appliances
• Golden Wutong" Listed Company with the Most Investment Value
• 2023 Zhuhai Excellent Private Enterprise
• Innovative consumer product of "Upgraded and Innovative Consumer Product (Light Industry, Tenth Batch)"
• Selected for the 2022 Promotion Catalog of Smart Health and Elderly Care Products and Services
• Fortune's Most Influential IoT Innovation List
• Green Low Carbon Award