Sunwoda Joins the China ESG Alliance

Author: Mingmin Zhang Oct 08, 2023 11:52 AM (GMT+8)

Recently, Sunwoda (欣旺达,300207:SZ) has officially joined the China ESG Alliance, becoming one of the first companies in the global lithium battery industry to become a member of the organization.

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The China ESG Alliance, co-initiated by prominent enterprises including Microsoft and Lenovo, aims to consolidate resources from various industries and experts. Through collaborative project development, the alliance assists companies in elevating their ESG (Environmental, Social, Governance) management levels, ensuring their development adheres to green, sustainable, and high-quality standards. Since its inception, the alliance has welcomed a multitude of notable companies and NGO organizations, such as L'Oréal, Honor(Chinese:荣耀), Tencent(Chinese:腾讯), LONGi(Chinese:基隆绿能), LinkedIn, SAP, Danfoss, and Greenpeace, among others.

Sunwoda has made substantial progress in the realm of sustainable development. In terms of corporate governance, Sunwoda has strategically implemented an "ESG Management System" and established a "Dual Carbon Strategy Committee" at the top management level. It was also proactive in releasing the "Sunwoda Carbon Peak and Carbon Neutrality Action Plan" and formulating a sustainable development 4P strategy focusing on People, Planet, Product and Partner, continuously elevating its sustainable development management standard. Regarding environmental conservation, Sunwoda invested RMB 65,277,900 in environmental protection in 2022; in April of this year, it officially initiated a supply chain emission reduction plan, cultivating a supply chain emission reduction system and furthering the achievement of supply chain emission reduction objectives. Moreover, the company’s green factories, green products, and green designs have all received certification from the Ministry of Industry and Information Technology; the Huizhou Boluo near-zero carbon park was successfully validated. In the sphere of social responsibility, Sunwoda places emphasis on employee rights and gender equality, striving to create a wholesome workplace for its employees and establishing a comprehensive welfare, promotion, and training system. Concurrently, the company is devoted to public welfare and charity, fueling a better life from multiple angles, including community participation, rural public welfare, and social public welfare.

Sunwoda has showcased exceptional performance in the field of sustainable development, earning numerous accolades such as Forbes China 2023 ESG Inspirational Cases, 2022 Forbes China Sustainable Development Industrial Enterprise TOP 50, and 2022 China Industrial Carbon Peak Leading Enterprise. It was also recognized as the "2022 Outstanding Responsible Enterprise" by Southern Weekly and secured the 7th spot in the China Corporate Social Responsibility Ranking.