On June 13, the "Beyond the Hills, See the Rivers and Seas" 2025 ESG and High-Quality Development Innovation Forum, hosted by Guangdong Times Media Group, was grandly held in Beijing. At the forum, Tongwei, together with 12 leading enterprises, launched the "Supply Chain ESG Management Initiative" (SCSI). Dr. Zhu Zihan, Chief Sustainability Officer of Tongwei Co., Ltd., represented the company at the initiative's launch ceremony and delivered a keynote speech.

"Supply Chain ESG Initiative" Officially Released

The initiative aims to respond to the United Nations 2030 Sustainable Development Goals, building on environmental friendliness, social responsibility, and efficient governance to construct a supply chain ecosystem that is sustainable, resilient, and competitive, jointly building a new global sustainable and win-win pattern.

The goal of the initiative is to establish a scientific and inclusive supply chain ESG evaluation standard system, break the dilemma of repeated audits caused by standard differences, reshape an efficient and compliant audit process, promote the innovative integration of supply chain ESG performance and financial products, help enterprises deeply embed themselves in the global value chain, and accelerate the realization of global sustainable goals.

Supply Chain ESG Stewardshiplnitiative

The "Supply Chain ESG Management Initiative" responds to the United Nations 2030 Sustainable Development Goals, building on environmental friendliness, social responsibility, and efficient governance to construct a supply chain ecosystem that is sustainable, resilient, and competitive, jointly building a new global sustainable and win-win pattern. Our goal is to establish a scientific and inclusive supply chain ESG evaluation standard system, break the dilemma of repeated audits caused by standard differences, reshape an efficient and compliant audit process, promote the innovative integration of supply chain ESG performance and financial products, help enterprises deeply embed themselves in the global value chain, and accelerate the realization of global sustainable goals.

The joint initiators of the initiative (in alphabetical order) are GoodWe, Inovance Technology, JA Solar Technology, Joyson Electronics, Midea Group, Mengniu Group, Naas, Tianqi Lithium, Tongwei Co., Ltd., NIO, XPeng Motors, ENN Group, and Zangge Mining. It is worth mentioning that the China ESG Alliance, Yabuli China Entrepreneurs Forum, and Zero Carbon Promotion Association are supporters of this initiative, and Guangdong Times Media Group is a special supporter.

In the keynote speech "Linking the World — ESG Leading a New Paradigm of Sustainable Development in the Supply Chain," Dr. Zhu Zihan stated that ESG is a "health check" for measuring the sustainable development of enterprises and also leads a new paradigm of sustainable development in the supply chain. Currently, the participation of enterprises in mainstream international ESG audit standards is insufficient, and one of the social responsibilities of enterprises is to promote the evolution of ESG towards "multi-party governance."

Keynote speech by Dr. Zhu Zihan, Chief Sustainability Officer at Tongwei Co., Ltd., participates in the roundtable discussion

Currently, the Environmental, Social, and Governance (ESG) framework is fundamentally reshaping the global business landscape, with supply chain ESG management playing a pivotal role in this transformation. During this year's Two Sessions, Liu Hanyuan, Deputy to the NPC, Vice Chairman of All-China Federation of Industry and Commerce, and Chairman of the Board of Directors of Tongwei Group, formally proposed the Suggestion on Constructing a China-Led Supply Chain ESG Audit Standard System. This proposal advocates for the establishment of a supply chain ESG standard system that integrates China's specific conditions while also exerting broad global influence, thereby fostering a more equitable competitive environment for Chinese enterprises. In response to this context, the "Supply Chain ESG Management Initiative" has been launched.

In terms of practical implementation, the "Supply Chain ESG Management Initiative" calls for the establishment of diverse partnerships, the construction of multi-party dialogue mechanisms, and the promotion of international mutual recognition mechanisms. With enterprises as the core implementing entities, the initiative aims to jointly research and formulate supply chain ESG audit standards through regular meetings, case reviews, and joint research. Simultaneously, it seeks to establish a mechanism for translating standard research outcomes and leveraging international authoritative platforms to promote international mutual trust in these standards, thereby further enhancing the influence of enterprises in the global sustainable development domain.

Representatives from multiple enterprises that jointly initiated the initiative stated that by creating a scientific and inclusive supply chain ESG assessment standard system, it is possible to overcome the challenges of redundant audits caused by differing standards, reshape efficient and compliant audit processes, promote the innovative integration of supply chain ESG performance with financial products, and facilitate the deeper integration of enterprises into the global value chain, thereby accelerating the achievement of global sustainability goals.