Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social
• Governance

Environmental Achievements

• All production bases certified by ISO 14001, with no major environmental pollution incidents in 2021
• Group-wide photovoltaic power stations generated 23,973,334.00 kwh electricity in 2021, a 28.33% increase compared to 2020.
• Actively promotes simplified design of product packaging, utilizing more environmentally friendly recycled materials.

Social Achievements

• No work-related accidents causing serious injuries or above were reported in 2021; number of occupational diseases was 0.
• Donated RMB 1 million to Ninghai County Charity Federation in 2021.
• 100% of employees received regular performance and career development appraisals.

Governance Achievements

• Established ESG Committee responsible for decision-making and supervision of ESG matters.
• Coverage rate of anti-corruption training for employees reached 100% in 2021.
• Held 7 shareholders' meetings in 2021.

Climate Goals & Targets

Environmental Challenges

• Wastewater, exhaust gas emissions not complying with relevant requirements.
• Occupational accidents and occupational disease risks.
• Extreme weather events impacting operations.
• COVID-19 pandemic affecting production and economic performance.

Mitigation Strategies

• Adopting scientific wastewater and exhaust gas treatment processes.
• Raising factory foundation height and reserving emergency supplies.
• Finding local cooperative agencies and establishing safety stocks.
• Developing contingency plans for production and transportation.
• Regularly conducting occupational health hazard detection.

Supply Chain Management

Supplier Audits: 100% of primary material suppliers underwent CSR assessments.

Responsible Procurement

• All primary and auxiliary material suppliers required to sign social responsibility commitment, business ethics commitment and occupational health and safety and environmental notification letter.
• CSR assessment of primary material suppliers.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather such as typhoons and floods

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards (Core option), Guidelines for Social Responsibility of Listed Companies on Shenzhen Stock Exchange, Measures for the Assessment of Information Disclosure of Listed Companies on the Shenzhen Stock Exchange (2022 Revision), Guidelines for the Self-discipline and Supervision of Listed Companies on the Shenzhen Stock Exchange No. 2, UN SDGs, SASB Standards

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 50001:2018 (Changzhou Base), GB / T 29490-2013 (Ninghai Base), IEC 62941:2019 (Ninghai, Yiwu, Changzhou bases)

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

UN Sustainable Development Goals

• SDG 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 16, 17

The report details how various initiatives contribute to these goals.

Sustainable Products & Innovation

• TITAN series high-power modules
• High-strength alloy steel frame modules

Awards & Recognition

• Numerous awards listed in the report (see Honors and Certificates section)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Technology Innovation
• Business Ethics
• Employee Rights and Interests Protection
• Sustainable Supply Chain

Environmental Achievements

• Clean energy usage reached 31,320,210 KWh, increasing 9.4% from the previous reporting period
• Water savings up to 685,000 tons
• Electricity savings up to 46,157,372 kWh
• Reduced carbon dioxide emissions about 27,694 t
• Heterojunction Hyper-ion modules achieved an industry-low carbon footprint of 376.5 kg eq CO2/kWc
• Changzhou Base was recognized as a "Green Factory" in Jiangsu Province

Social Achievements

• Employee satisfaction rate increased to 86.2%, 2% higher than in 2022
• 4,532 professional training programs with total hours spent 7,578.2
• RMB 2 million donation was made to the local philanthropy fund
• Successfully supported eligible employees in applying for housing subsidies and subsidized apartments
• Sheng Yang Guang household brand expanded to cover over 20 provinces and 1500 counties and cities, accumulating power stations in over 120,000 households

Governance Achievements

• Established a Strategic and Sustainable Development Committee (SSDC) to oversee ESG efforts
• 100% coverage rate of anti-corruption and anti-bribery Employee Training
• Compiled and disclosed 4 periodic reports, and issued 174 public announcements
• Conducted CSR assessments for all primary material suppliers
• Supply chain ESG general course training coverage 100%

Climate Goals & Targets

Environmental Challenges

• Climate change risks
• Supply chain disruptions
• ESG risks in the supply chain

Mitigation Strategies

• Established a comprehensive climate change risk management process
• Developed alternative sourcing strategies
• Implemented a rigorous ESG audit program for suppliers
• Integrated due diligence management of the mineral supply chain into supplier management practices

Supply Chain Management

Supplier Audits: 98 times/year

Responsible Procurement

• Supplier Code of Conduct
• ESG and human rights agreements for Tier 1 suppliers
• Encouraging Tier 2 suppliers to sign ESG and human rights agreements

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards 2021, IFRS S1, IFRS S2, SASB Standard: Solar Technology & Project Developers, UN SDGs 2030, Shenzhen Stock Exchange Listed Company Social Responsibility Guidelines, Assessment Measures for Information Disclosure of Listed Companies on the Shenzhen Stock Exchange (Revised in 2022), Self-disciplinary Supervision Guideline for Listed Companies No. 2 - Standardized Operation of Listed Companies on the GEM Board of the Shenzhen Stock Exchange, European Sustainability Reporting Standards (ESRS)

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, IEC 62941:2019, GB/T 29490-2013, ISO 50001:2018, SA8000

Third-party Assurance: TÜV SÜD

UN Sustainable Development Goals

• Goal 1
• Goal 2
• Goal 3
• Goal 4
• Goal 5
• Goal 6
• Goal 7
• Goal 8
• Goal 9
• Goal 10
• Goal 11
• Goal 12
• Goal 13
• Goal 14
• Goal 15
• Goal 16
• Goal 17

Actively practices the principles of the United Nations Sustainable Development Goals (SDGs) and the Paris Agreement.

Sustainable Products & Innovation

• Heterojunction Hyper-ion modules
• BIPV solutions

Awards & Recognition

• "Green Supply Chain" award from Energy Magazine
• TÜV SUD's "Best Carbon Neutral Practice in the Solar Energy Storage Industry"
• "2023 ESG Pioneer Enterprise Award"
• "2023 National Intelligent Manufacturing Demonstration Factory"

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Low-Carbon Development
• Sustainable Development
• Biodiversity Conservation
• Supply Chain Sustainability
• Employee Engagement

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Established an environmental governance structure consisting of the Board of Directors, Strategic and Sustainable Development Committee, and a dedicated team on Environmental Issues.

Climate Goals & Targets

Environmental Challenges

• Environmental impacts across operations (raw material procurement, manufacturing, distribution, recycling, etc.)
• Climate change

Mitigation Strategies

• Formulating action plans to minimize or eliminate adverse environmental impacts
• Introducing advanced clean technologies and equipment
• Adopting environmentally friendly techniques and low/non-polluting raw materials
• Promoting energy saving and emission reduction
• Improving communication with stakeholders
• Strengthening supply chain collaboration on sustainability

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sustainable procurement practices

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Low-carbon, high-efficiency, and sustainable PV solar products and services

Awards & Recognition

• Not disclosed