Gree Electric Appliances released its first ESG report to promote the integrated development of the three chains of "ecological chain, innovation chain and industrial chain".

On April 30, Gree Electric (000651. SZ) released its 2023 annual report, which was accompanied by the company's first ESG (Environmental, Social and Governance) report.

It is understood that Gree Electric has issued social responsibility reports for 17 consecutive years. This time, Gree Electric took the initiative to benchmark against the international evaluation system, changed from publishing a social responsibility report to publishing an ESG report for the first time, and disclosed its detailed indicators such as management system, business performance, scientific research performance, social responsibility performance, and environmental performance in 2023, showing the company's strategy, practice and achievements in fulfilling social responsibilities in an all-round way.

According to the report, with its excellent performance in ecological and environmental protection, innovative technology, social responsibility, etc., Gree Electric Appliances has won many awards at home and abroad in 2023. Among them, a number of technical projects independently developed by Gree Electric Appliances such as "High-efficiency Heat Pump Technology Based on Floor Heat Storage" and "Independent Innovation and Application of Key Technologies of Intelligent Ventilation and Air Conditioning System for Maglev Direct Expansion Metro Stations" have reached the "international leading" level, and in June of the same year, Gree Electric Appliances released the 2023 Global 2000 by Forbes It ranked 331st in the list, an increase of 25 places from the previous year's ranking, further showing that Gree Electric's technology and products are widely used and highly recognized around the world.

Green Gree to achieve a win-win situation in the ecological chain

With the concept of green consumption becoming more and more popular, the current consumption of household appliances, which is an important part of the physical consumption of urban and rural residents, has an obvious trend of green, low-carbon and energy-saving. As early as 2013, Gree Electric announced the strategy of "making the sky bluer and the earth greener", integrating the concept of green and low-carbon into the company's development genes. Since the construction of the world's first R290 refrigerant air conditioning production line in 2009, Gree has continuously taken key steps in the field of green environmental protection.

As a leading enterprise in the field of air conditioning, Gree Electric has always adhered to the strategic concept of paying equal attention to environmental protection and production. The company is not only committed to actively building the R&D policy of "rational use of energy and improving energy efficiency", but also implements the circular development model of "green design-green manufacturing-green recycling", and strives to create a full-link green and low-carbon closed-loop system from the supply end to the production end and from the consumption end to the recycling end.

In order to promote the "double carbon" strategy and accelerate the research and development of high-efficiency and energy-saving technologies, Gree Electric Appliances actively lays out the green energy sector based on photovoltaics, energy storage and new energy vehicles, so as to realize the green transformation and development of enterprises under the "double carbon" goal. It is worth mentioning that the "zero carbon source" technology, which won the first Chinese patent gold medal in the central air-conditioning industry, has been widely used in various public buildings, factories, venues, schools, hotels, hospitals, commercial complexes, high-end residences and other occasions in 35 countries around the world by virtue of its multi-dimensional energy-saving and emission reduction advantages such as clean photovoltaic power generation, safe energy storage and power regulation, and intelligent system power management, providing a safe, reliable and efficient "green solution" for the global low-carbon transformation in the field of air conditioning. While helping the mainland achieve the goal of "carbon peak and carbon neutrality", it has also made positive contributions to the global response to climate change and sustainable development.

Intelligent manufacturing Gree drives the transformation of multiple innovation chains

"Only the innovator advances, only the innovator is strong, and only the innovator wins." "In the face of the continuous intensification of competition in the domestic and foreign markets, it is imperative for Gree Electric to innovate and diversify its transformation.

In order to achieve a balance between diversification and specialization, Gree Electric has actively explored new mechanisms for cooperation and integration development by strengthening independent research and development, giving full play to the advantages of industry-university-research cooperation, and promoting the introduction of talents, continuously improving the ability of project research and collaborative innovation, accelerating the transformation of achievements, and striving to improve the competitiveness and anti-risk ability of enterprises.

Based on multi-quality home appliances, Gree Electric has launched a variety of innovative products around ice washing, kitchen appliances, household appliances and other sectors to create a personalized and convenient home experience for consumers. For example, Jinghong all-for-one fresh refrigerator is equipped with Gree's original -38°C ultra-freezing and fresh-locking core technology, which adopts HCP full-time sterilization and deodorization technology, which can store fresh ingredients for a long time, and the research and development of Nu Skin's heat pump washing and care machine, which specializes in the direction of global ultra-micro steam washing, is also expected to lead a new era of professional laundry care at home.

The diversified breakthrough transformation in the digital era is not only demonstrated at the product level, but Gree Electric also has a clear strategy in the digital transformation of the manufacturing industry. Through independent research and development of industrial Internet, CNC machine tools, industrial robots and other equipment, Gree Electric has provided digital and green transformation practical exploration for the realization of "black light factory" in operation, production, standards and other links.

The extension of diversified high-end technology industries has allowed Gree Electric to occupy a place in the emerging green energy market fields such as industrial products, intelligent equipment, photovoltaics, energy storage, and new energy vehicles. Nowadays, Gree Electric has built a multi-level and high-level R&D platform system based on a national scientific research platform, forming a technological innovation system of "enterprise-oriented, market-oriented, and combination of production, education and research".

Up to now, Gree Electric has applied for more than 120,000 patents and has 44 "international leading" technologies, providing a steady stream of power support for accelerating the cultivation of new quality productivity and achieving high-quality development.

Responsibility: Gree sets a new model for the enterprise industrial chain

Enterprises should not only have the ability to innovate, but also need to have the idea of "altruism" and shoulder social responsibility. In 2023, Gree Electric has proved its corporate social responsibility with practical actions in environmental protection, talent training, integrity management and corporate governance.

In terms of environmental protection, Gree Electric aims to reduce carbon emissions and save energy, and strives to minimize environmental impact from material selection to manufacturing process. At the same time, Gree Electric pays attention to the all-round promotion of low-carbon practices. We are committed to promoting the development and utilization of sustainable energy, investing in research and development of clean energy technologies, and reducing dependence on fossil fuels.

"A good enterprise should be guided by consumer demand. Improving the quality of life for consumers is the standard of a good company. "Gree Electric pays attention to integrity management and corporate governance, and has established a sound corporate governance structure within the company to strengthen internal control and risk management. At the same time, Gree adheres to customer-centricity and provides customers with high-quality products and services. This practice of honest management has won the recognition and trust of customers and partners, and has laid a solid foundation for the long-term development of the enterprise.

According to the report, in January 2023, the China Enterprise Reform and Development Research Association announced the list of "Cultivating Benchmark Enterprises for Honest Management, Trustworthiness and Fulfillment of Promises" in the "Enterprise Observer", and Gree Electric Appliances was on the list; Over the years, Gree Electric has continuously consolidated the foundation of integrity management, and actively built an honest and law-abiding trading system based on honest service to the public, creating a benchmark for honest enterprises.

In terms of talent training, Gree Electric has injected fresh blood into the high-quality development of the industry by actively promoting the implementation of talent training policies and implementing talent training strategies. It is understood that Gree Electric has reached a series of multi-level and multi-dimensional cooperation with more than 100 domestic and foreign universities and scientific research institutions such as Tsinghua University, Xi'an Jiaotong University and the International Energy Agency, such as innovation education and transformation and exchange of scientific and technological achievements. Among them, the talent training model of "production, education and research" advocated by Gree Electric aims to promote the collaboration of industry, academia and research, and cultivate more talents with international competitiveness in the field of scientific and technological innovation.

Gree Electric said that it will always take the real economy as the cornerstone of development, consolidate the main business of air conditioning, further accelerate the speed of talent training and key core technologies, continue to make efforts in the fields of intelligent equipment and green energy, continue to lead the trend of intelligent manufacturing, and make more contributions to the high-quality development of China's manufacturing industry.