Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change & Environmental Friendliness
• Career Development and Social Welfare
• Corporate Governance and Sustainable Management

Environmental Achievements

• Reduced overall energy consumption by 3%
• Purchased 15.22 million KWH of green electricity
• Obtained the first Solar PV/solar Module Carbon Footprint Certificate of the industry and Carbon Labeling Certificate in China, and French Carbon Footprint Certification for its entire product line.
• Implemented 8 energy-saving and emission reduction projects with estimated cost reduction

Social Achievements

• Employee satisfaction score at 82.49%, maintaining an upward trend for two consecutive years
• 100% return rate of employees on parental leave
• No incidents of discrimination, harassment, forced labor or child labor
• Donated to 7 employees in need, raising over RMB 120,000 in total
• Provided a total of 632 EHS safety training sessions with a total of 16,406 participants

Governance Achievements

• Established the ESG Committee to govern three special working groups on environmental governance, social responsibility and corporate governance
• Established a whistle-blowing system to encourage stakeholders to report corruption behaviors
• Conducted 14 anti-corruption training sessions
• No legal proceedings related to corruption or unfair competition

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to COVID-19 and fluctuating prices of auxiliary materials
• International logistics disruption due to the pandemic
• Rising silicon wafer prices and supply restrictions of raw and auxiliary materials

Mitigation Strategies

• Scientific deployment of production lines and transportation capacity
• Collated and summarized international logistics information briefings
• Communicated with customers on various potential risks and solutions
• Followed up on the supply chain and production line in real time
• Developed a strategic procurement plan and invested in two silicon material manufacturers

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct
• Procurement Framework Contract
• Confidentiality Agreement
• Supplier Integrity Undertaking
• Safety Supply Commitment
• Environmental Protection Prohibited Substances Commitment

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards (2021 edition), UN SDGs, UNGC 10 Principles

Certifications: ISO 45001, ISO 14001, ISO 9001:2015, IEC 62941:2019, ISO 50001:2018

Third-party Assurance: TÜV SÜD Certification and Testing (China) Co., Ltd. Shanghai Branch

UN Sustainable Development Goals

• Goal 3
• Goal 4
• Goal 5
• Goal 6
• Goal 7
• Goal 8
• Goal 9
• Goal 10
• Goal 11
• Goal 13
• Goal 16

Astronergy actively practices the 17 UN SDGs and has set and achieved milestones in the three major areas of ESG.

Sustainable Products & Innovation

• ASTRO N series n-type TOPCon Modules
• ASTRO 5 series PERC+ modules
• ASTRO 5s modules

Awards & Recognition

• Top Performer in PVEL's reliability tests (6 times)
• Tier 1 PV/solar Module Maker by Bloomberg New Energy Finance
• Various awards from industry media, organizations and local governments

Environmental Metrics

ESG Focus Areas

• Climate Change
• Natural Resources Management
• Labor and Human Rights
• Occupational Health and Safety
• Business Ethics
• Supply Chain Management
• Biodiversity Protection

Environmental Achievements

• Reduced carbon dioxide emissions by 42,221.37 tons during the construction of the "Zero-Carbon Factory" in Yancheng.
• Reduced carbon emissions by 571.84 tCO2e from Haining Base to Ningbo Port through optimized transportation.
• Achieved zero landfill waste.
• Reduced carbon emissions intensity (Scope 1+2) by 7.12% year-on-year.
• Increased non-hazardous waste recovery by 14.65% year-on-year.

Social Achievements

• Awarded "2023 DEI Employer Award" for diversity, equity, and inclusion efforts.
• Achieved an employee satisfaction score of 83.78 points.
• Maintained a technical talent turnover rate of 6.85%.
• Spent CNY 15,336,900 on public welfare activities.
• Supported 158 employees in continuing education.

Governance Achievements

• 100% of management members' remuneration linked to ESG performance.
• Implemented a compliance management system, including a compliance risk assessment and control program.
• Launched ISO 37001 anti-bribery management system certification.
• Obtained ISO 27001 information security system certification for three plants.
• No information security incidents occurred.

Climate Goals & Targets

Environmental Challenges

• Potential climate risks including extreme weather events, rising sea levels, and regulatory changes.
• Rapid iteration of photovoltaic technology potentially causing obsolescence of existing production lines.
• Increased costs of low-carbon raw materials and customer demands for carbon reduction in products.
• Potential risks in reduced renewable energy subsidies in local markets and increased difficulty in supply chain traceability requirements.

Mitigation Strategies

• Established a climate change risk management system and a Climate Change Management Team.
• Developed climate change-related policies linked to executive performance.
• Expanded R&D investment in next-generation PV technologies.
• Developed technology roadmaps and implemented risk-dispersed investment decisions.
• Accelerated the conversion of experimental results into mass production and strengthened intellectual property rights protection.
• Implemented a power technology reform review system to review water conservation and emission reduction projects.

Supply Chain Management

Supplier Audits: 54.5% of core suppliers subject to due diligence audits and assessments of social and environmental standards in 2023

Responsible Procurement

• Supplier Code of Conduct
• Annual supplier performance assessment
• Green supply chain management system
• Excellent Green Supplier Contest

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (typhoons, rainstorms, flooding)
• Rising sea levels
• High temperatures and snowstorms affecting transportation efficiency

Transition Risks

• Regulatory changes (carbon markets, product carbon footprint, carbon tariffs, renewable energy policies)
• Reduced renewable energy subsidies
• Increased difficulty in supply chain traceability requirements
• Increased costs of low-carbon raw materials

Opportunities

• Development of energy-efficient products
• Increased demand for renewable energy products

Reporting Standards

Frameworks Used: GRI Standards 2021, IFRS S1, IFRS S2, UN SDGs 2030, UNGC 10 Principles

Certifications: ISO 14001:2015, ISO 50001:2018, ISO 9001:2015, ISO 45001:2018, ISO 27001

Third-party Assurance: Hangzhou TÜV Nord Quality Certification Service Co., Ltd.

UN Sustainable Development Goals

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

Astronergy's initiatives contribute to these goals through renewable energy production, sustainable manufacturing practices, and climate change mitigation efforts.

Sustainable Products & Innovation

• ASTRO N7s product (ZBB-TF technology)
• BIPV portfolio

Awards & Recognition

• National "Green Factory"
• Forbes China's ESG Innovative Enterprises
• Bloomberg Green ESG50: Environment of the Year
• DEI Employer Award
• Listed in COP 28 "Corporate Climate Action Case Book 2023"
• Top Performer (PVEL)
• Tier 1 PV Module Maker (Bloomberg New Energy Finance)
• Top Brand PV Modules (EUPD Research)
• Product Carbon Footprint Certificate (UL Solutions)
• UL EPD Certificate
• EPD Italy Certificate
• French Carbon Footprint Certificate
• PIT certificate for offshore PV/solar modules (UL Solutions)
• Ariel Re's Gold Trust Mark
• RETC's 2023 Overall Highest Achiever Award
• World's first IEC 61215:2021/IEC 61730:2023 PV/solar module certificate (TÜV Rheinland)
• All Quality Matters (AQM) awards
• World's first ZBB-TOPCon mass-producible module product certificate (TÜV Rheinland)
• PV Magazine's "VERY GOOD" rating for ASTRO N module