Li Auto Makes Strides as First Chinese Automaker to Secure Highest Global ESG Rating

Automotive Author: EqualOcean News, Muriel Meng Editor: Yiru Qian Oct 12, 2023 05:14 PM (GMT+8)

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Li Auto (2015:HK; LI:NASDAQ) attained the highest MSCI ESG "AAA" rating on September 28, marking a historic milestone as the first Chinese automotive company to receive this top-tier ESG rating. This accomplishment underscores Li Auto's commendable performance across key fields involved in the automotive industry, fully affirming the company's excellence in corporate management, product quality and safety, carbon footprint as well as advancement in clean technology development and talent management.

MSCI, an international authoritative ESG rating institution, provides comprehensive benchmarks for evaluating the green development and socially conscious practices of publicly traded enterprises. A higher ESG rating is regarded as the embodiment of sound operation and standardized governance.

Li Auto has released ESG reports for two consecutive years, summarizing and sharing its practices in sustainable operations, innovative product development, compliance governance, inclusive corporate stewardship societal commitment and other aspects. Through its risk management system and modeling system, Li Auto is committed to continuously improve its operational proficiency and resilience to risk, with the overarching goal of fortifying its ESG management and promoting the harmonious integration of brand, environment and society.

In terms of environmental protection, Li Auto champions the concept of low-carbon and eco-friendly growth while diligently working toward delivering more convenient energy solutions. During product design and manufacturing, the company prioritizes the use of low-carbon, sustainable and environmentally friendly materials to reduce energy consumption in the production process and enhance the well-being of the production environment.

The company also proactively fulfills its social responsibilities and actively engages in public welfare activities. From the perspective of corporate government and talent management, the company has cultivated a diverse and inclusive working environment, designed to foster employees' personal growth and comprehensively elevate organizational efficiency through organizational structure upgrading and process optimization.

Looking forward, Li Auto is steadfast in its commitment to perpetuate green and sustainable social advancement, further cementing its corporate social value while staying true to its corporate vision and mission.

As of press time, Li Auto closed at HKD 138.60 apiece, with a market capitalization of HKD 276,262 million.