2024-08-09
Recently, the China Energy Research Society and Beijing Green Credit Rating Co., Ltd. evaluated the sustainable development disclosure system for China's listed companies in the energy sector and released the 2024 Sustainability (ESG) Report of China's Energy Listed Companies. Tongwei earned a spot and ranked 9th on the list of 2024 China's Top 100 Energy Listed Companies for Sustainability (ESG) for its exemplary ESG practices in sustainable governance, climate change response, technological innovation, sustainable supply chain management, and employee development.
Tongwei included in the list of 2024 China's Top 100 Energy Listed Companies for Sustainability (ESG)
In the Report, 636 energy companies listed on the Shanghai Stock Exchange, Shenzhen Stock Exchange, Beijing Stock Exchange and the Stock Exchange of Hong Kong Limited were evaluated according to the index system and evaluation methods proposed in the group standard Energy Enterprise Sustainability ESG Disclosure Indicator System and Evaluation Guidelines, as well as the public information disclosed by those listed companies. The standard covers 36 quantitative indicators and 41 qualitative indicators for the sustainable development of energy enterprises, including GHG emissions intensity, comprehensive energy consumption intensity, NOx emission intensity, SO2 emission intensity, freshwater resource consumption intensity, general solid waste emission intensity, proportion of environmental protection/safety production investment, proportion of R&D expenses, cash dividends, asset-liability ratio, etc.
Over the years, Tongwei has continuously optimized its sustainable development strategy. With "Together to Win" as its mission, Tongwei champions the fundamental principles of "building together," "governing together," and "sharing together." The company has maintained in-depth communication with stakeholders and further clarified the four ESG strategic directions of Harmonious Partners, Sound Development, Good Ecology and Value Creation.
Garden Factory of Yongxiang Co., Ltd.
Tongwei's continuous exploration and efforts in the field of sustainable development have once again achieved a series of remarkable results this year. At the end of January, Tongwei officially joined the RE100 (100% Renewable Electricity) global initiative as a Gold member, committing to transition to 100% renewable energy by 2030. In May, Tongwei was listed on the 2024 Fortune China ESG Impact List for its remarkable achievements in the sustainable development of the new energy industry. In June, Sustainable Fitch awarded Tongwei an ESG Entity Rating of "2" with a score of "69," making it the highest-scoring company in the global PV industry. In July, Tongwei was included in S&P Global's Sustainability Yearbook 2024 (China Edition). Among more than 120 companies selected for the Yearbook, Tongwei has received the highest score in the domestic semiconductor and semiconductor equipment industry. In addition, Tongwei was included in the 2024 List of Top 100 ESG Companies with the Highest Investment Value and won the Stockstar's ESG New Benchmarking Enterprise Award. At the same time, the company officially joined the China ESG Alliance, marking Tongwei's another solid step forward in enhancing sustainable development practices.
Tongwei's "Integration of Fishery and PV" Base
This listing is not only the recognition of Tongwei's achievements in environmental protection, social responsibility and corporate governance, but also the affirmation of the long-term adherence of the company to the sustainable development strategy and active fulfillment of various social responsibilities. In the future, Tongwei will constantly promote high-quality development through innovation, integrate ESG concepts into the company's operations and development strategies more comprehensively, speed up the implementation of ESG work of listed companies, comprehensively improve the commercial and social value, and make more positive contributions to the sustainable development of society.
