LONGi’s MSCI ESG Rating Achieves BBB, Ranking Highest in the Semiconductor Photovoltaic Industry Chain

On December 10th, the internationally recognized rating agency MSCI (Morgan Stanley Capital International) released the Environmental, Social, and Governance (ESG) rating results for Longi Green Energy (601012.SH). In 2024, the rating was upgraded to “BBB,” and The Weighted-Average Key Issue score is ranked as the Highest among A+H share Semiconductors Industry and First in the photovoltaic industry chain.

The MSCI ESG rating report indicates that LONGi’s practices in business ethics, water resource management, and talent management measures are ahead of most global peers. In terms of business ethics, the company has not only implemented comprehensive anti-corruption policies but also established an independent audit committee, thereby strengthening internal risk control mechanisms. In the field of water resource management, LONGi has effectively promoted the conservation and protection of water resources through measures such as water recycling and setting quantitative water-saving targets. In the field of clean technology opportunities, the company has contributed to the development of clean energy technology by relying on skilled personnel in the research and development of photovoltaic products.

Furthermore, the MSCI rating report also points out that LONGi has made significant progress in supply chain management practices, showing a particularly outstanding performance. In the key area of supply chain labor standards, LONGi has conducted strict ESG management of suppliers, effectively controlling potential ESG risks of suppliers, and demonstrating the company’s high standards and strict requirements for the supply chain management. This achievement not only highlights the company’s deep concern for protecting the rights and interests of workers in the supply chain but also reflects the company’s firm commitment and determination to incorporate labor rights protection into the supplier’s ESG management system.

MSCI ESG ratings are services provided by Morgan Stanley Capital International, aimed at measuring companies’ resilience to long-term, financially relevant environmental, social, and governance (ESG) risks. As the world’s largest index compiler, MSCI conducts ESG ratings for over 17,500 companies globally, becoming one of the most authoritative and influential mainstream international ESG ratings.

Since LONGi was included in the MSCI Index in 2019, its ESG rating has consistently remained at the forefront of the industry. By benchmarking against a suite of international mainstream ESG rating requirements, including MSCI, LONGi actively manages and enhances the practices and disclosures of key ESG issues. Over the past year, LONGi has intensified its actions in human rights due diligence management, green supply chains, and diversity and inclusion, successively issuing Human Rights Policies,Diversity, Equity, and Inclusion Policies, and Conflict Minerals Procurement Policy, among other social management policies.

In terms of supply chain management, LONGi has helped suppliers conduct carbon audits and energy-saving and emission reduction actions, initiated a diversified supplier program, promoted the construction of ESG management systems among suppliers accounting for over 50% of procurement spending, actively sought external certification, and worked with upstream and downstream partners to build a green and sustainable supply chain, continuously improving the company’s ESG rating performance and competitiveness.