Climate Change Data

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Environmental Protection
• Social Responsibility

Environmental Achievements

• Reduced comprehensive energy consumption per RMB 10,000 of output value by 0.83% compared with the previous year.
• Used a total of 1.62 million kWh of green electricity through photovoltaic power generation, solar street lights and other facilities, and reduced greenhouse gas emissions by 943.95 tons of CO2/MWh.
• Reduced the use of packaging materials by replacing packaging boxes with standard, recyclable turnover boxes and using automatic packaging machines.
• Achieved zero discharge of wastewater in the production process through an integrated facility of coagulation-dissolved air flotation and multi-stage filtration system.
• Named to the 2022 Future Factory in Zhejiang Province for being “intelligent, green, and safe”.

Social Achievements

• Created more than 1,600 career opportunities and provided more than 700 vacant positions.
• Launched a number of employee care programs such as nursery school for winter and summer vacations, which help employees balance work and life.
• Employee satisfaction rate reached 99%.
• Overall return to work rate for maternity leave is 95% in 2022.

Governance Achievements

• Established the ESG Committee.
• Improved compliance management system and management policies and systems, strengthening compliance training, publicity and execution.
• Named to the Top 500 Trustworthy Listed Chinese Companies in 2022.
• Strengthened communication with investors through various forms including online and offline communications, live-streaming, online interaction, video recording and online text interaction etc.

Climate Goals & Targets

Environmental Challenges

• Complex internal and external environment in 2022.

Mitigation Strategies

• Deepened management reform and furthered transformation into an efficient process-oriented organization.
• Reduced cost throughout the process, optimized business models, and improved organizational capabilities.
• Strengthened risk control with a focus on business continuity plan, compliance management, information security and quality culture, and emergency and security management.

Supply Chain Management

Supplier Audits: More than 380 suppliers were evaluated for performance in 2022.

Responsible Procurement

• Procurement Management Measures
• Procurement Bidding (Negotiation) Management Measures
• Supplier Information Security Management Measures
• Integrity Agreement

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products and solutions

Reporting Standards

Frameworks Used: Shanghai Stock Exchange Guidelines, Notice on Strengthening the Social Responsibility of Listed Companies, Guidelines for Environmental Information Disclosure of Listed Companies on SSE, SSE guidelines for the preparation of the Report on Corporate Social Responsibility, CSRC’s Guidelines No. 2, ISO 26000

Certifications: ISO 9001, ISO 14001, ISO 45001, IATF16949

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Intelligent Operation Management & Control system (i-OMC)
• Industrial Operating System + APP
• Advanced Process Engineering eXpert (APEX)
• SUPCON Industrial Energy Manager

Awards & Recognition

• Hangzhou Municipal Government Quality Award
• Zhejiang Provincial Government Quality Award
• Third-level safety production standardization certificate (upgraded to second-level in 2021)
• National Intellectual Property Advantage Enterprise
• Zhejiang Intellectual Property Demonstration Enterprise
• China Excellent Patent Award
• National Intellectual Property Demonstration Enterprise
• 2022 Future Factory in Zhejiang Province
• Preferred Employer of 2022
• Top Employer of 2022
• Best Employer Brand of 2022
• Extraordinary Employer of 2022
• Ram Charan Management Practice Award, Innovation and Entrepreneurship Practice Award