The Chinese state-run financial newspaper Securities Times has included LONGi in its listing of top ESG A-share companies, based on its performance in the three key areas of environment, social and governance.
ESG is a strategy and practice integrating environmental, social and governance related considerations into investment decisions and active ownership and has become widely accepted by the domestic financial market, with stock-listed companies important players.
Securities Times adopts a hundred-point evaluation system in order to identify ESG levels across different regions of China. From the perspective of listed organisations, LONGi is the only solar technology company selected from China’s A-share market.
As a world leading solar manufacturer, LONGi attaches great importance to its ESG-related work. The company advocates the sustainable development concept of manufacturing photovoltaic products driven by photovoltaic power generation to achieve zero carbon emissions across the entire industry chain and combine clean energy with a substantial reduction in the cost of photovoltaic power generation and product manufacturing.
In 2020, LONGi successively joined RE100, EV100, EP100 and the Science Based Target initiative (SBTi), becoming the only Chinese company to join all four international initiatives at the same time. Since the beginning of this year, LONGi has launched the “Green Supply Chain Carbon Reduction Initiative”, announced its first “Net-zero Plant” pledge at the UN biodiversity conference (COP15) in Yunnan, and released the company’s first white paper on Climate Action at the COP26 summit.
Looking forward, LONGi will continue to fulfill its social responsibility commitments, follow the path of green development, and contribute more to the ESG investment philosophy, while simultaneously promoting the development of the photovoltaic industry.