Luxshare has achieved a "B" rating in both climate change and water management categories from CDP, standing out as an outstanding performer among numerous Chinese companies

On December 13th, Luxshare was recognized by the global non-profit environmental organization CDP (Carbon Disclosure Project) for its outstanding performance in addressing climate change and protecting water resources. Luxshare achieved a "B" rating in both the "Climate Change" and "Water Security" categories, distinguishing itself among many Chinese companies.

CDP (Carbon Disclosure Project) is an international organization headquartered in London, dedicated to promoting efforts by businesses and governments to reduce greenhouse gas emissions and protect water and forest resources. CDP collects environmental information from major global companies and assesses them on a scale from A to D-, consisting of eight grades. A "B" rating indicates that a company has evaluated a broad range of environmental issues, taken action to address identified problems, and provided evidence of effective environmental management practices. CDP collaborates with over 680 institutional investors with total assets of $130 trillion and more than 280 purchasing companies, using the influence of investors and buyers to encourage companies to disclose and manage their environmental impact. In the current year, over 18,000 companies globally responded to CDP assessments.

Luxshare actively monitors the impacts of climate change and, on January 5, 2022, publicly committed to initiating carbon reduction targets in line with the 1.5°C pathway requirements of the Science-Based Targets initiative (SBTi). The company has pledged to achieve carbon neutrality by 2050. In addition to focusing on reducing its own operational emissions, the company collaborates with suppliers to undertake green and low-carbon initiatives. Investing significant time and resources, they enhance the carbon reduction capabilities of the supply chain, promoting low-carbon development collectively with suppliers to move towards a "zero-carbon future." Seizing market opportunities arising from climate change, the company strategically invests in areas such as solar energy, batteries, industrial automation, and electric vehicles. Leveraging their expertise in precision manufacturing, they contribute to shaping a sustainable and intelligent interconnected future.

Luxshare is actively identifying and managing enterprise-level water risks, employing a comprehensive water risk assessment process. The company strengthens overall control over water resource utilization efficiency within the group, aiming to reduce corporate water consumption. Utilizing the "Aqueduct" water risk tool developed by the World Resources Institute (WRI), they identify water pressure at operational sites and implement targeted water-saving measures based on the assessment results. Furthermore, through collaboration with The Alliance for Water Stewardship (AWS), they plan to complete sustainable water management certifications for two subsidiaries in the near future, with the intention of extending the AWS Pioneer concept to other group member companies. Currently, two subsidiaries have publicly pledged sustainable water management commitments on the company's official website.

In the field of sustainable development, Luxshare has made significant progress this year, receiving widespread recognition. In January, three new subsidiaries obtained national-level "Green Factory" certifications. In August, the company was included in Forbes China's ESG 50 list and received the International Green Low-Carbon Contribution Award for Sustainable Development. In November, they entered the top 10 in both the Green Supply Chain Index (CITI) and the Corporate Action Index (CATI), ranking within the top 20 overall in the industry in the Greater China region. Moving forward, the company will continue to analyze the risks and opportunities presented by various environmental issues, actively disclose relevant information, enhance connections and communication with stakeholders, fulfill corporate responsibilities, and create social value.