On October 13th, Luxshare was honored with the '2023 Listed Company ESG Exemplary Enterprise Award' during the 'Rural Revitalization, Bay Area Pioneer' ESG touring salon event in Shenzhen, initiated by the Time Media Group and co-organized with third-party institutions.
ESG, which stands for Environmental, Social, and Corporate Governance, is a crucial metric for evaluating a company's non-financial performance. Globally, regulatory bodies and capital markets are fostering the development of the ESG investment ecosystem, encouraging businesses to achieve sustainable development. Companies with strong ESG management not only enhance their risk resilience but also attract favorable attention from the capital markets. Luxshare has been consistently publishing sustainability reports for four years, demonstrating outstanding performance in various international ratings. It has achieved a BB rating in MSCI, B ratings in CDP Climate and Water questionnaires, and a Bronze rating in EcoVadis.
Luxshare is integrating ESG into its corporate strategic framework, striving to achieve a sustainable development blueprint. Following the requirements of the SBTi 1.5°C pathway, we have set carbon reduction targets and are systematically advancing action plans for carbon accounting, emission reduction, and carbon neutrality to ensure continuous and scientific progress in carbon reduction efforts. We prioritize safeguarding the legitimate rights of our workers, offering a diverse training system, and implementing comprehensive compensation, benefits, and performance assessment systems to foster mutual growth and create a fulfilling work environment for our employees. Upholding a philosophy of sound and robust corporate governance, we continuously enhance our enterprise risk management system, adhere to ethical business standards, and safeguard the privacy of customers and employees from infringement.
Looking ahead, Luxshare remains committed to empowering high-quality development in the manufacturing industry through innovation. We adhere to the principles of sustainable development, exploring more advanced and forward-looking operational models, and ultimately achieving a balanced development between business interests and social value.