A few days ago, the "ESG Action Report of Foreign Enterprises in China" by the Financial Program Center of China Central Radio and Television was officially released. Yueda Kia's ESG (Environmental, Social, Governance) Index was ranked in the "ESG Pioneer 20 for Foreign-funded Enterprises in China, Hong Kong, Macao and Taiwan", ranking second among car companies (except Hyundai Motor Group), becoming a model of social responsibility actions for foreign companies in China.
The "ESG Action Report of Foreign Enterprises in China" is another theme report of the "China ESG (Corporate Social Responsibility) Release" in 2023, which is also the first report released by an authoritative third-party organization in China that focuses on the ESG actions of foreign companies in China, and enterprises from Europe, Asia, America and other countries participated in the release of the report.
The report focuses on how foreign companies in China can fully embrace the new opportunities of Chinese-style modernization and deeply practice the concept of ESG, and selects the "ESG Pioneers 20 of foreign-funded and Hong Kong, Macao and Taiwan enterprises in China" by systematically evaluating the ESG performance of foreign-funded enterprises in China, Hong Kong, Macao and Taiwan. As one of the most important joint ventures in China, Yueda Kia not only plays an important role in the development of China's auto industry, but also plays an important role in promoting ESG and sustainable social development.
Since entering China for 22 years, Yueda Kia has always adhered to the business philosophy of "in China, for China", and continued to cultivate the Chinese market, so far, Yueda Kia has accumulated more than 6.3 million user assets in China, with a revenue of more than 620 billion yuan and a tax payment of about 52 billion yuan, making outstanding contributions to the development of China's economy and automobile industry.
For enterprises, profits and revenues are important, but they must also be well versed in the source of drinking water and thinking about the origin in order to achieve the long-term development of the enterprise. While developing the economy, Yueda Kia has always adhered to the path of corporate responsibility, focusing on the ESG evaluation system of environmental, social and corporate governance, taking the initiative and taking active actions, and contributing to the driving force of sustainable development for the Chinese society to move towards a more harmonious and better future.
In order to accelerate the conversion of clean energy, Yueda Kia's "photovoltaic carport" connected to the grid in January 2022 has reached an annual power generation of 44.5 million kWh and carbon emission reduction of more than 10,000 tons; At the same time, Yueda Kia adheres to the concept of green development into the whole process of production and manufacturing, and injects green kinetic energy into the realization of the "double carbon" goal by strengthening energy management, promoting energy conservation and emission reduction, developing circular economy, and building a green supply chain, and was successfully awarded the 2022 Jiangsu Green Factory; In terms of social responsibility, Yueda Kia has built a public welfare system including Kia Home, Hope Primary School, school-enterprise cooperation and other projects, with a cumulative investment of more than 110 million yuan, and has won the "Responsibility Golden Bull Award" issued by the Responsible 100 Forum for five consecutive years, and the company's social responsibility development index has ranked first among joint venture car companies for four consecutive years.
In the future, Yueda Kia will continue to uphold the concept of "in China, for China", actively undertake corporate social responsibility, make use of its own resource advantages, and work with employees, customers, suppliers, distributors and other stakeholders to create comprehensive economic, environmental and social value, and contribute to the high-quality and sustainable development of China's economy and society.