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For three years in a row! Haier once again topped Fortune's list of ESG influence industries in China

author:Pocket Qingdao

Qingdao Daily/Guanhai News, May 14 On May 13, Fortune (Chinese version) released the 2024 China ESG Influence List, and Haier Smart Home, a subsidiary of Haier Group, was once again on the list. This is also the third consecutive year that Haier Smart Home has ranked first in the industry.

This year's China ESG Impact List is the third edition of Fortune (Chinese version). Previously, MSCI upgraded Haier Smart Home's ESG rating to A, the highest in the industry. Now, the good news once again confirms Haier's leadership in the field of ESG.

For three years in a row! Haier once again topped Fortune's list of ESG influence industries in China

With the continuous advancement of the "dual carbon" goal, more and more attention has been paid to the emission reduction layout of enterprises, and the concept of "full life cycle carbon emission reduction" came into being. Haier practices the "6-Green" strategy of green procurement, green design, green manufacturing, green management, green recycling, and green disposal, integrates low-carbon and energy-saving into the whole life cycle of products, and embarks on a "green and low-carbon road" of high-quality development.

In terms of green design, Haier has always been committed to the research and development and application of cutting-edge energy-saving technologies, such as Haier Boguan refrigerators that save more than 15% more energy than traditional refrigerators, Haier essence washing machines can save 38% of water consumption and 29% of electricity consumption, and Haier air conditioners can save 38% of water consumption and 29% of electricity consumption.

In terms of green manufacturing, Haier has 8 lighthouse factories, which is the largest number of lighthouse factories in China, with an annual carbon emission reduction of 70,600 tons.

In terms of green recycling, Haier has relied on the advantages of its own marketing network, service network, logistics network and channel network to innovate and build a differentiated recycling model of "five networks integration" and create an end-to-end direct connection recycling system. Relying on 32,000 offline stores, more than 100,000 service personnel, more than 100 logistics and distribution centers, 1,300 strategic partners, and 2,624 district and county recycling networks, Haier's recycling industry will recycle more than 10 million waste household appliances through all channels in 2023, ranking first in the industry.

On green disposal. Haier has built the industry's first home appliance recycling interconnection factory that integrates "recycling-dismantling-recycling-reuse", realizing the recycling of waste materials and giving new life to old home appliances.

For three years in a row! Haier once again topped Fortune's list of ESG influence industries in China

Haier Smart Home Recycling Connected Factory.

In addition, Haier also focuses on employer brand building, user service, public welfare undertakings and other aspects of action, and strives to create social value.

In terms of employer brand building, Haier has always adhered to the principle of "maximizing the value of people" and provided an equal, respectful, inclusive and diverse working environment for every employee. In 2023, GE Appliances was named a "Best Place to Work for Manufacturing and Production" by Fortune magazine and a "Best Place to Work for Innovators" by Fast Company.

In terms of public welfare, in China, Haier has assisted the construction of 386 Hope Schools, making it the enterprise with the largest number of Hope Primary Schools aided by the Central Committee of the Communist Youth League. Donated materials and cash overseas to local non-profit organizations and charity activities in Poland, Thailand, Italy, Indonesia, the Philippines, Turkey and other countries.

For three years in a row! Haier once again topped Fortune's list of ESG influence industries in China

UK makers take part in a local Christmas charity event.

In terms of corporate governance, Haier has always paid attention to honest management and standardized governance, laying a solid foundation for the stable and healthy development of the enterprise. In 2023, 22.2% of the board of directors of Haier Smart Home will be women, and 44.4% will be independent directors on the board of directors, 258 anti-corruption and anti-fraud trainings will be held internally, 12 issues of compliance e-journals will be released, and the average anti-corruption training time will exceed 2 hours per person, and integrity reminders will be issued to all suppliers.

Haier's in-depth practice in the field of ESG has explored a landing path for Chinese enterprises to promote the integration of sustainable development into business practices. (Qingdao Daily/Guanhai News reporter Yang Guang)

(Author: Yang Guang)

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