Tongwei Joins the Ranks of "China’s Top 100 ESG Pioneer Listed Companies" (2024)

On June 30, the China Media Group's Financial and Economic Program Center officially unveiled the "China ESG (Environmental, Social, and Governance) 2024 ESG Action Report" in Beijing. The report evaluated 6,471 A-share and Hong Kong-listed companies, selecting 972 for in-depth analysis. It also presented the ESG characteristics and trends of Chinese enterprises. The culmination of this evaluation was the "China’s Top 100 ESG Pioneer Listed Companies" list for 2024. Tongwei earned a spot on this prestigious list due to its exemplary ESG practices in sustainable governance, climate change response, technological innovation, sustainable supply chain management, and employee development.

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The average ESG index of the companies on the list rose to 77.4 points, with 20 companies receiving five-star excellence ratings, a significant increase from 2023. Notably, manufacturing companies comprised half of the list, highlighting the sector's commitment to ESG principles and performance. Alongside Tongwei, 100 notable listed companies such as China Resources Power, China Mobile, and Sinopec are also featured on the list.

Tongwei made it to the list

Tongwei's inclusion underscores that it has become the benchmark for ESG practices among Chinese listed companies. With "Together to Win" as its sustainable development mission, Tongwei champions the fundamental principles of "building together," "governing together," and "sharing together." The company remains committed to ongoing innovation in the ESG domain to support sustainable development. For application, Tongwei organically integrated PV power generation with modern fishery practices, creating a green industrial model known as the "Integration of Fishery and PV." This approach, which involves power generation above and fish farming below, has generated significant economic, environmental, and social benefits.

Tongwei translates responsibilities into actions and molds the future with its accomplishments. In 2024, Tongwei has made significant strides in ESG. In February, the company joined the RE100 (100% Renewable Electricity) global initiative as a gold member, vowing to transition to 100% renewable energy by 2030. In May, Tongwei was listed on the 2024 Fortune China ESG Impact List for its remarkable achievements in the sustainable development of the new energy industry. In June, Sustainable Fitch awarded Tongwei an ESG Entity Rating of "2" with a score of "69," making it the highest-scoring company in the global PV industry. During this year's Intersolar exhibition, BSI issued Tongwei an independent assurance statement for its ESG reports, an ISO 14064-1 GHG emission verification statement, and an ISO 37301 compliance management system certification.

This listing further validates Tongwei's outstanding performance in the ESG field. Reflecting on its 42-year legacy, Tongwei’s vision of a sustainable “better life” remains the driving force behind its development. Looking ahead, Tongwei is poised to embed ESG values into its operations more comprehensively, systematically, and orderly and contribute more of its strength to global sustainable development.

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