Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
Climate Impact & Sustainability Data (2021, 2022, 2023)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Corporate governance
- Insightful innovation
- Value chain collaboration
- Green development
- Sustainable human resources
- Social responsibility
Environmental Achievements
- Reduced outbound shipment of hazardous waste by 2,283.49 tons, down by 52%
- Environmental compliance rate: 100%
- Reduced carbon emission intensity: 0.022 tons of CO2 equivalent per RMB ten thousand
- Reduced water withdrawal intensity: 0.38 cubic meters per RMB ten thousand
Social Achievements
- First aid training reached over 500,000 people
- Donated medical devices worth 106.8 million RMB to University of Science and Technology of China
- Donated 10 million RMB to Henan Charity General Federation for flood control and fighting
- Donated medical devices worth 45 million RMB to Suzhou, Anhui Province
- 100% local staff rate in 19 countries
- 79.05% local staff rate in overseas businesses
- Recordable incident rate of 0.04, lost time injury rate of 0.02
Governance Achievements
- Established ESG Executive Committee and 2 special sub-committees
- The proportion of women in senior management was 33%
- 100% response to customer complaints
- Received and passed a total of 56 quality audits by regulatory and audit bodies
- A total of 16 products were sampled by the regulator, with a pass rate of 100%
Climate Goals & Targets
Environmental Challenges
- Climate change
- Supply chain disruptions due to extreme weather
- Unbalanced allocation of medical resources
Mitigation Strategies
- Exploring carbon emission reduction goals and action plans
- Multi-site and multi-supplier arrangements for key raw materials
- Multi-site arrangements for manufacturing capacity and product warehouses
- Disaster recovery strategies for data information storage
- Earthquake, wind and flood resistant design in construction
- Emergency Management Procedure and Natural Disaster Response Plan
- Regular emergency drills
- Empowering telemedicine technology
Supply Chain Management
Supplier Audits: 56 audits/year, 100% pass rate
Responsible Procurement
- Procurement Cooperation Framework Agreement
- Supplier Quality Assurance Agreement
- Environmental and social performance indicators in supplier selection
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather (typhoons, floods)
Reporting Standards
Frameworks Used: GRI Standards, UN Sustainable Development Goals (SDGs)
Certifications: ISO 14001, ISO 45001, ISO 9001, ISO 13485, ISO/IEC 27001, ISO/IEC 27701
Sustainable Products & Innovation
- Ventilators SV70/SV70S/SV60
- HyBase V8 operating table
- MC-80 automated digital cell morphology analyzer
- High-speed BS-2800M biochemistry analyzer
- High-speed CL-8000i chemiluminescence immunoassay analyzer
- Resona I9 diagnostic ultrasound system
- Veta-series animal anaesthesia machine
- BC-5000Vet 5-Diff Auto Hematology Analyzer
Awards & Recognition
- Second Prize of the 2020 China National Science and Technology Awards for Invention
- The 22nd China Patent Award - Silver Award
- 2021 Red Dot Design Award
- 2021 German IF Design Award
- The 8th Guangdong Patent Award
- 2021 Jiangsu Province Science and Technology Progress First Prize
- 2021 Shenzhen Science and Technology Progress First Prize
- 2021 Shenzhen Patent Award
- 2021 Healthy China Action Demonstration V Innovation Industry List
- Beisen "2021 China Talent Management Mechanism Model Award"
- LinkedIn "Best Employer Brand Award"
- 51job "Outstanding Employer"
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Corporate Governance
- Insightful Innovation
- Value Chain Collaboration
- Green Development
- Sustainable Human Resources
- Social Responsibility
Environmental Achievements
- Reduced carbon emission intensity by 3.00% compared to 2021
- Reduced water withdrawal intensity
- Reused 77,872 cubic meters of water
- Reduced liquid waste shipped out for disposal by approximately 3,995 tonnes
- Achieved 100% environmental compliance rate
Social Achievements
- Launched Mechanical Ventilation Training Program, training over 5,000 clinicians
- Launched a multi-center study on clinical application of color Doppler ultrasound for ophthalmology
- Donated medical devices worth more than 51 million RMB to Heilongjiang Province
- Provided first-aid training to over 500,000 people
- Established the first Mindray pelvic floor research center and ultrasound training school in South Africa
Governance Achievements
- 100% employee coverage of anti-bribery training
- 100% employee coverage of information security training
- Established a risk management matrix covering all overseas and domestic key business processes and lines
- 100% response rate to resolve customer complaints
- Zero confirmed incidents of corruption
Climate Goals & Targets
- Reduce carbon intensity by 25% by 2030 compared to 2021 baseline
Environmental Challenges
- Climate change-induced threats (extreme weather events, epidemic spreading)
- Transition risks (emerging regulations, technology over/under-investment, market shifts, reputational damage)
- Supply chain disruptions
- Counterfeiting of products
Mitigation Strategies
- Formulated and implemented management documents for extreme weather events response
- Upgraded global supply chain layout with five manufacturing bases
- Developed emergency systems and response plans for production
- Established a procurement risk management mechanism and a dual-sourcing procurement mechanism
- Took effective measures to fight against the counterfeiting of products
Supply Chain Management
Supplier Audits: 95 on-site audits in 2022
Responsible Procurement
- Supplier Code of Conduct
- Supplier Compliance Statement
- Environmental and social responsibility thresholds for strategic and preferred suppliers
- Dual-sourcing procurement mechanism
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Epidemic spreading
Transition Risks
- Emerging regulations
- Technology over/under-investment
- Market shifts
- Reputational damage
Opportunities
- Resource efficiency improvements
- Shift to renewable energy
- Development of low-emission products and services
- Government incentives
- Increased resilience
Reporting Standards
Frameworks Used: GRI Standards, UN Sustainable Development Goals (SDGs)
Certifications: ISO 9001, ISO 13485, ISO 14001, ISO 45001, ISO 27001, ISO/IEC 27701
Third-party Assurance: Third-party assurance provided (details in Appendix IV)
UN Sustainable Development Goals
- Goal 3: Good Health and Well-being
- Goal 5: Gender equality
- Goal 7: Affordable and clean energy
- Goal 9: Industry, innovation and infrastructure
- Goal 13: Climate action
Mindray's sustainability strategy aligns with these SDGs through various initiatives described in the report.
Sustainable Products & Innovation
- Green packaging solutions
- Energy-efficient products
- Concentrated reagents
Awards & Recognition
- Third place in the "Social Value 99" sustainable Development Value List for 2022
- "Top 20 ESG Competitiveness List of Chinese Listed Pharmaceutical Companies in 2022"
- "2022 Rural Revitalization Innovation Case"
- "Top 10 Caring Enterprise"
- "Excellent Practice Cases of Rural Revitalization of Public Companies"
- "2021-2022 Best ESG Award"
- Listed in the Top 100 Listed ESG Companies in China
- "Changchun Award 2022 - Smart Healthcare Company of the Year"
- "Big Health Player with High-Quality Development in 2022"
- "Golden Bull Award 2021 - Social Responsibility Award"
- "Excellent Social Responsibility Enterprises Award 2022"
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Corporate Governance
- Insightful Innovation
- Value Chain Collaboration
- Green Development
- Sustainable Human Resources
- Social Responsibility
Environmental Achievements
- Reduced energy consumption by 92.1% in the substrate liquid production process.
- Guangming Manufacturing Center selected as a "Leading Enterprise for Water Saving"
- Reduced liquid waste shipped out for disposal by approximately 3,945 tonnes.
- Nanjing Production Base reduced COD emission by 10.9 tonnes.
Social Achievements
- Launched the Baby Liver Charity Fund.
- Strategic partnership with Operation Smile, donating medical equipment and providing volunteer services.
- Provided first aid training to approximately 625 thousand participants.
- Donated 499 AED units.
Governance Achievements
- Rated "AA" in the MSCI ESG Ratings.
- Awarded a silver medal from EcoVadis for Corporate Social Responsibility and Sustainable Development.
- Ranked among the top ten in the list of "China's Top 100 ESG Pioneer Listed Companies"
- Achieved 100% coverage of employee anti-bribery and information security training.
Climate Goals & Targets
- Reduction in carbon intensity by 25% by 2030 compared to 2021 baseline (Scope 1 and Scope 2).
Environmental Challenges
- Interruptions in the supply of raw materials due to extreme weather events.
- Increased risk of epidemics impacting employee availability and production.
- Potential increased operating costs due to carbon emission regulations.
- Market shifts towards energy-efficient and low-carbon products.
Mitigation Strategies
- Optimizing product transportation to reduce climate impact.
- Conducting extreme weather emergency drills.
- Monitoring carbon emissions and adapting to regulatory changes.
- Developing low-carbon products and exploring renewable energy sources.
Supply Chain Management
Supplier Audits: 110 on-site audits in 2023
Responsible Procurement
- Sustainable Procurement Policy
- Supplier Code of Conduct
- Supplier Quality Assurance Agreement
- Environmental Commitment Letter
- Supplier Compliance Statement
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events disrupting supply chains.
- Increased risk of epidemics.
Transition Risks
- Emerging regulations increasing operating costs.
- Market shifts towards low-carbon products.
Opportunities
- Resource efficiency improvements.
- Renewable energy adoption.
- Development of low-emission products.
Reporting Standards
Frameworks Used: GRI Standards, UN Sustainable Development Goals
Certifications: ISO 9001, ISO 13485, ISO 14001, ISO 50001, ISO 37001:2016, ISO/IEC 27001:2022, ISO/IEC 27701:2019
Sustainable Products & Innovation
- Energy-efficient products
- Low-carbon products
Awards & Recognition
- MSCI ESG Rating AA
- EcoVadis Silver medal
- Crystal Ball Awards for Most Socially Responsible (ESG) Listed Companies
- Exemplary ESG Company Award for Listed Companies
- Cailian Press Zhiyuan Award for ESG Pioneers
- Wind ESG Ratings 2023 ESG Best Practice Award
- Southern Weekly Chinese Enterprises Science and Innovation Power Ranking
- China Listed Companies Association 2023 Best Practice Award for ESG
- China CSR Annual Conference 2023 Outstanding Responsibility Report
- World Brand Road Brand of the Year