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From the recent BYD into the "detox door" to see the Chinese manufacturing enterprises' disregard for the ESG management system

author:New Media Weaving Shop

On May 7 and 8, topics such as "BYD factory pollution is suspected of causing nosebleeds to many children" and "BYD" appeared on Weibo hot searches, triggering heated discussion among netizens, and BYD, as a "giant" of new energy vehicles, was caught in an environmental storm. Careful netizens found that since April this year, on the "leadership message board" of the People's Network, local netizens have continuously reported the pollution problem of Changsha BYD.

From the recent BYD into the "detox door" to see the Chinese manufacturing enterprises' disregard for the ESG management system

The flashpoint occurred on the evening of May 6, Changsha BYD No. 2 gate, there were a number of community residents gathered to raise signs to express their demands, some owners living in Jiahe City, Yuhua District, Changsha City, reported that the community was filled with a strong pungent paint smell, and pointed out that the smell came from the nearby BYD company. Since April this year, some owners and children have experienced physical discomfort, the main symptoms of which are frequent nosebleeds, dizziness, nausea, and prolonged cough. Some owners said that at least 21 people in a class at a nearby primary school had recently experienced nosebleeds.

From the recent BYD into the "detox door" to see the Chinese manufacturing enterprises' disregard for the ESG management system

On May 7, BYD responded to the matter through its official Weibo, and the company has taken relevant measures and actively improved. In response to the situation that "excessive emissions caused nosebleeds" on the Internet, it is a malicious fabrication of the association, BYD has called the police, and will pursue the legal responsibility of relevant personnel.

From the recent BYD into the "detox door" to see the Chinese manufacturing enterprises' disregard for the ESG management system

Due to the "detoxification" incident, when the market opened on Monday, BYD's A-share stock price suffered a heavy decline, falling 3.86% as of the close, and the market value evaporated by more than 20 billion yuan.

From the recent BYD into the "detox door" to see the Chinese manufacturing enterprises' disregard for the ESG management system

From the ESG level center found that the international authority is still giving a B-rating, the score is still at the upper level of the industry, environmental responsibility is one of the three major concerns of ESG, in the long run, the impact of this incident is likely to cause a crisis of trust among investors.

Xiaobian paid attention to the fact that more and more Chinese enterprises have also begun to pay attention to the construction of ESG management system.

Published in Guangdong

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