Beijing, China | December 5th, 2024-The 2nd annual ceremony of the Environmental, Social and Governance or ESG models campaign by China Media Group took place in Beijing on December 5th, 2024. As the sole company in the photovoltaic industry, LONGi, along with China Post Group Co., Ltd., China Southern Power Grid Co., Ltd., China Huaneng Group Co., Ltd., HBIS Group Co., Ltd., Kweichow Moutai Group Co., Ltd., Yili Industrial Group Co., Ltd. and Xiaomi Group, has been recognized as "Chinese ESG Model Enterprises." Li Zhenguo, Founder and President of LONGi, attended the ceremony and interpreted the company’s practices and performances in respect to ESG, showcasing the growing development of Chinese companies in ESG.
"The photovoltaic industry inherently possesses ESG attributes. We are extremely proud that over the past decade, we have driven and led the technological advancements and cost reductions in the photovoltaic industry. During these years, the cost of photovoltaic power generation has decreased by an order of magnitude. Today, in most countries and regions around the world, photovoltaic power generation has become the cheapest source of electricity, forming a supportive force for sustainable human development," said Li Zhenguo, Founder and President of LONGi, at the event. He added that LONGi's honor as a "Chinese ESG Model Enterprise" is not just a simple award of LONGi as a single company, but it represents the Chinese photovoltaic industry's ascent to this award.
Solar energy is infinite and shines on the earth evenly, with a more balanced global distribution, and is also safer and fairer. Due to the "green electricity" attribute of photovoltaics, there are also natural benefits for environmental sustainability. Over the years, Chinese photovoltaic companies, represented by LONGi, have contributed more than a hundredfold green momentum to the global energy transition by consuming only a minuscule amount of energy through technological innovation.
In 2023, LONGi set forth the sustainable development goal of "Affordable for all" along with the concept of energy equity "let differences unite in the light." This approach permeates LONGi's business philosophy, balancing social, environmental, and stakeholder demands while achieving commercial value, and is committed to integrating the concept of sustainable development into the company's strategy and operations.
With its strong performance in ESG, LONGi has achieved leading industry-level results in multiple domestic and international ESG ratings. Recently, LONGi’s MSCI ESG rating has been upgraded to“BBB,”ranked as the highest in the A+H share semiconductor industry and first in the photovoltaic industry chain. LONGi received a silver medal in the EcoVadis, obtained "B" in both the Climate Change and Water Security ratings by the Carbon Disclosure Project (CDP) in 2023, and ranked first in the industry for both the Climate Action Transparency Index (CATI) and the Green Supply Chain Index (CITI) by the Institute of Public and Environmental Affairs (IPE) in 2024.
Li Zhenguo stated that through this grand ceremony, he saw the efforts of different companies in different fields and dimensions regarding ESG. LONGi also discovered new opportunities and found new scenarios to provide better services, while learning advanced ESG concepts and experiences from different fields.
LONGi believes that a company does not exist for its own sake but to align with the trends of the times and the needs of society, to meet and benefit the development of humanity. As the global energy transition accelerates towards net-zero goals, the photovoltaic industry will continue to grow. LONGi will always center on its customers, maintain confidence, stay resilient, and meet challenges with common sense and tenacity. Through innovation in products and services, LONGi will undertake the mission and responsibility of promoting sustainable human development in the global process of achieving net-zero goals.
In recent years, ESG has become a globally recognized framework for evaluating corporate sustainable development and social responsibility. In order to promote Chinese enterprises to better fulfill their social responsibilities and inject new impetus into global economic growth, CCTV-2 of China Media Group, has co-worked with such authoritative institutions as the State Owned Assets Supervision and Administration Commission of the State Council, the All-China Federation of Industry and Commerce, the State Owned Economic Research Think Tank of the Chinese Academy of Social Sciences, and the China Enterprise Reform and Development Research Society, and held the ESG models campaign ceremony for two consecutive years.
About LONGi
Founded in 2000, LONGi is committed to being the world’s leading solar technology company, focusing on customer-driven value creation for full scenario energy transformation.
Under its mission of 'making the best of solar energy to build a green world', LONGi has dedicated itself to technology innovation and established five business sectors, covering mono silicon wafers cells and modules, commercial & industrial distributed solar solutions, green energy solutions and hydrogen equipment. The company has honed its capabilities to provide green energy and has more recently, also embraced green hydrogen products and solutions to support global zero carbon development. www.longi.com