Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Community Engagement
• Employee Well-being
• Product Stewardship
• Governance

Environmental Achievements

• Reduced GHG emissions intensity per MW of PV module production by 3.68% from 2010 to 2012
• Generated 12,800 MWh of electricity from PV systems in 2012 to power facilities
• First PV company to obtain Product Carbon Footprint Verification from TÜV Rheinland Group
• Achieved fluoride emission concentrations below 10mg/L in wastewater (vs. industry average of 20mg/L)
• Recycled over 165,000 tons of silicon slurry

Social Achievements

• Provided assistance to 164 employees through the Corporate Mutual Aid Foundation
• Improved employee satisfaction (82% participation, increased satisfaction with work, rewards, and development)
• Promoted 271 management employees from within
• Partnered with GRID Alternatives to provide nearly 4 MW of solar panels to low-income families
• Collaborated with FIFA on Football for Hope Centers, providing solar-powered lighting to 10 centers

Governance Achievements

• Board of Directors with four independent directors (all male)
• Adopted guidelines for corporate governance and a Code of Business Conduct and Ethics

Climate Goals & Targets

Environmental Challenges

• Increased traffic accidents during employee commutes
• Reducing the environmental impact of operations and supply chain
• Managing water use effectively

Mitigation Strategies

• Implemented a traffic safety training program
• Joined WWF's Climate Savers program with ambitious GHG reduction targets
• Implemented fluoride waste water recycling and advanced treatment
• Implemented a new system for monitoring and managing energy consumption

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Green Supplier Action requiring Tier 1 suppliers to adopt energy efficiency and GHG reduction commitments

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Guidelines (Level C), SEIA sustainability recommendations

Certifications: ISO 14001 (Baoding plant), ISO 9001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• PANDA high-efficiency PV modules

Awards & Recognition

• Top 100 Chinese Employers (2012)
• Advanced Enterprise of Employment (Hebei Province, 2012)
• Best Low-Carbon Companies in China (2010)
• Best Sports Marketing Award for 2010 FIFA World Cup™
• China Environmental Friendly Enterprise (2008)

Environmental Metrics

ESG Focus Areas

• Environment
• Employees
• Community

Environmental Achievements

• Decreased GHG emissions intensity per MW of PV panel production by approximately 22% in 2013 (compared to a 13% target for 2015)
• Decreased GHG emissions from purchased goods and services per MW of PV panel production by approximately 12% in 2013 (compared to a 7% target for 2015)
• Decreased GHG emissions from upstream transportation by approximately 17% in 2013 (compared to a 10% target for 2015)
• Surpassed 2015 GHG emission reduction targets by the end of 2013
• Solar energy systems installed on facilities generated 39.3 GWh of electricity annually, equivalent to 4.05% of total power consumption in 2013
• Invested RMB 1.1 million to upgrade wastewater treatment systems to meet new industry standards

Social Achievements

• Promoted 593 employees internally in 2013/2014
• Provided financial support to 45 employees through the Corporate Mutual Aid Foundation in 2014
• Implemented a Blue-Collar Mechanic Training Program in partnership with Exxergy, training 55 employees
• Reduced work safety incidents by 50% from 2012 to 2014 (14 in 2013, 10 in 2014)
• No fatal injuries at work, major fires, or explosions in 2013 and 2014

Governance Achievements

• Adherence to a Code of Business Conduct and Ethics
• Seven-member Board of Directors with four independent directors

Climate Goals & Targets

Environmental Challenges

• Organizational streamlining and efficiency improvements leading to a 14% reduction in employees in 2013 and 2014
• Need to scale recycling efforts in markets outside the European Union

Mitigation Strategies

• Increased automation
• Participation in product lifecycle working groups of industry associations (SEIA and SVTC)
• Support for the European Commission’s WEEE directive

Supply Chain Management

Responsible Procurement

• Green supply chain management program; consideration of environmental criteria in supplier selection; promotion of FSC-certified packaging

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4

Awards & Recognition

• 2nd best Score on Silicon Valley Toxics Coalition Scorecard (2014)
• TÜV Starlight Award (2015)
• Haikou Civilized Work unit (2012-2014)
• Hebei Top Enterprise (2013)

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Environmental Management
• Social Responsibility
• Sustainable Supply Chain
• Product Quality

Environmental Achievements

• Achieved ISO 14001:2015 Environmental Management System Certification at Tianjin Base.
• Invested RMB 20,000 (Headquarters), RMB 690,000 (Tianjin), RMB 400,000 (Hengshui), and RMB 1.353 million (Li County) in environmental protection.
• No environmental pollution accidents occurred at Headquarters and three bases.
• Released the White Paper on "Carbon Neutrality" Action Plan and announced carbon neutrality goal (carbon peak in 2023, carbon neutral operation in 2030).
• Joined hands with nearly 100 enterprises in the new energy industry chain to release the Green Supply Chain Initiative for "Carbon Neutrality".

Social Achievements

• Established the social responsibility management policy of "eliminating discrimination, complying with laws and regulations, promoting health and safety, prioritizing prevention, operating with integrity and contributing to society."
• 100% complaint resolution rate with overall customer satisfaction score of 93.65.
• 1413 employees trained at Headquarters (4420 hours), 269 person-times trained at Hengshui Base (2394.5 hours), and 258 participants trained at Li County Base (8256 hours).
• Obtained ISO 45001:2018 Occupational Health Management System Certificate.
• Organized employee volunteer activities (5 activities with 110 participants at Headquarters; 1 activity with 3 participants at Hengshui Base).

Governance Achievements

• Established and improved the corporate governance structure of compliance.
• Formed a corporate organizational structure with clear responsibilities and refined levels.
• Strengthened the establishment and improvement of systems and processes.
• Improved scientific management capabilities and internal control management level.
• Attached importance to business ethics and anti-corruption.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Management Procedures
• Supplier Capability Questionnaire
• Supplier Capability Evaluation Form
• Factory Inspection Report
• Qualified Suppliers Annual Re-evaluation Form
• Qualified Suppliers Annual Evaluation Form

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards, Governance Reporting Guide of Stock Exchange of Hong Kong Limited, Corporate Social Responsibility Reporting Guidelines (CASS-CSR 4.0)

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

Third-party Assurance: SGS-CSTC Standards Technical Services Co., Ltd.

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• High-efficiency N-type TOPCon products

Awards & Recognition

• Bloomberg New Energy Finance Tier 1 Module Manufacturer
• RETC “Best Performance of the Year”

Environmental Metrics

ESG Focus Areas

• Climate Change
• Green Transformation
• Environmental Management
• Employee Rights
• Corporate Governance
• Compliance
• Risk Control
• Business Ethics
• Supply Chain Sustainability

Environmental Achievements

• Reduced GHG emission intensity by 15% in 2023 despite a 45% increase in production.
• Achieved annual electricity savings of approximately 3.802 million kWh through various energy-saving projects.
• Joined PV CYCLE for photovoltaic module recycling.
• First in China and the world's photovoltaic field to join WWF's "Carbon Emission Reduction Pioneer" project.
• First photovoltaic company to receive TÜV Rheinland carbon footprint certification.

Social Achievements

• Organized 7 volunteer activities with 186 participants.
• Achieved 100% complaint resolution rate with a comprehensive customer satisfaction score of 95.07.
• Provided training to 1,413 participants with a total training length of 4,420 hours (95% male and female employees covered; average training duration of 13.27 hours).

Governance Achievements

• Established an ESG management committee under the Board of Directors.
• Held 2 shareholder meetings and 5 board meetings in 2023.
• Formulated the Internal Control Management Manual and implemented a three-level management system for internal control.
• Formulated the Discipline Inspection and Supervision Management System (Trial) to strengthen anti-corruption efforts.

Climate Goals & Targets

Environmental Challenges

• Intense market competition.
• Managing GHG emissions and improving energy efficiency.
• Maintaining high product quality and customer satisfaction.
• Ensuring compliance with environmental regulations and labor standards.

Mitigation Strategies

• Implementing a three-year strategic plan with specific measures to reduce GHG emissions and conserve resources.
• Investing in intelligent manufacturing and green factory initiatives.
• Establishing an internal carbon reduction platform and carbon asset management department.
• Developing a Supplier Code of Conduct and implementing supplier audits and evaluations.
• Implementing a comprehensive internal control management system and risk assessment process.

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct
• Supplier Capability Questionnaire
• Supplier audits and evaluations
• SA8000 commitment from some suppliers

Climate-Related Risks & Opportunities

Opportunities

• Favorable opportunity of the global energy structure's green transformation

Reporting Standards

Frameworks Used: GRI Standards, UN SDGs 2030, HKEX ESG Reporting Guide

Certifications: TÜV Rheinland carbon footprint certification, ISO 14001:2015, ISO 9001:2015, SA8000

UN Sustainable Development Goals

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

The report mentions alignment with UN SDGs 2030.

Sustainable Products & Innovation

• Panda 3.0 Series 625W dual-glass modules
• 580W dual-glass modules
• Marine Star modules
• Lightweight products for distributed markets
• High-efficiency PANDA3.0 N-type TOPCon Series products

Awards & Recognition

• EUPD Top PV Brand
• PVEL Best Performance
• EUPD Solar Prosumer Award
• Excellence Award at the 22nd China Patent Awards
• Hebei Province Science and Technology Progress Award (second prize)
• Hebei Province Technology Invention Award (third prize)