HONG KONG SAR - Media OutReach Newswire - 13 August 2024 - On June 30th, the Financial Program Center of China Media Group (CMG), together with the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), the All-China Federation of Industry and Commerce (ACFIC), the Institute of Economics of the Chinese Academy of Social Sciences (CASS), the China Enterprise Reform and Development Society (CERDS), and other authoritative organizations and departments launched the "ESG Action Report 2024" and grand ceremony in Beijing. The event announced the “2024 China's Top 100 ESG Listed Companies” and Luxshare Precision was selected for the second consecutive year and ranks 32^nd this year for its outstanding performance in the areas of environment, social responsibility, and corporate governance.

The report evaluated 972 listed companies selected from the pool of 6,471 A-share and Hong Kong-listed companies to present the characteristics and trends of China's corporate ESG practices. The 2024 China's Top 100 ESG Listed Companies ranking was then compiled, along with recommendations to promote the high-quality development of ESG in China. Manufacturing companies accounted for about half of the Top 100, reflecting the high level of attention paid by China's manufacturing industry to ESG governance capabilities and performance during its high-quality development.

Luxshare Precision, a technology manufacturing supplier for Apple, has consistently upheld the ESG management principles of "scientific governance, green and low-carbon development, harmonious and healthy practices, and responsible procurement" in recent years, pursuing a balance between social impact, environmental benefits, and financial performance to create more shared value.

Scientific Governance

Luxshare Precision takes standardized operations as the starting point, continuously improving its corporate governance structure and risk management mechanisms, deepening its integrity culture construction to build trust with all stakeholders, boosting the long-term value of the company, and pursuing sustainable corporate development and business model.

Green and Low-carbon Development

Luxshare Precision is at the forefront of the green and low-carbon journey. Driven by the requirements of the science-based 1.5°C carbon reduction pathway, the company has set short-, medium-, and long-term work targets and implemented six emission reduction strategies. It continues to tap into energy efficiency improvement potential, expand the use of clean energy, and fulfill its climate commitments to move towards a carbon-neutral future.

Harmonious and Healthy Practices

Luxshare Precision works hand in hand with its employees, establishing smooth communication channels, continuously strengthening its internal employee rights and welfare protection mechanisms, and providing employees with competitive compensation and diverse development opportunities.

Responsible Procurement

Upholding the spirit of “win-win cooperation”, Luxshare Precision constantly explores and expands its responsibility boundaries, leveraging its industry influence to assist its suppliers and other partners in improving their environmental and social performance, thereby building a responsible and sustainable value chain system.

Unremitting in its efforts and far-reaching in its practices, Luxshare Precision's repeated inclusion in the "China's Top 100 ESG Listed Companies" list further affirms the company's outstanding performance on the path of sustainable development. Going forward, Luxshare Precision will continue to deeply integrate ESG concepts into its corporate strategy and operations, driving development through innovation, forging new productive forces, and contributing to the building of a strong manufacturing country.

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