昱能科技(688348):2023年度ESG报告（英文版）
原标题:昱能科技:2023年度ESG报告（英文版） Stock Code:688348 About This Report 01 Chairman's Message 03 A Close Glimpse at APsystems 05 Sustainable Prosperity, 17 Perpetual Development Employee Well-being with Robust Supervision, 65 19 Boundless Rights and Interests Governance as Priority Labor Relations Management 21 67 Governance Framework 01 04 Employee Training and Development Risk Control Management 24 74 Health and Safety Investor Relations 26 77 Business Ethics 29 Promoting Social Harmony 81 Through Philanthropy Initiatives Environmental Conservation 31 for Future Collaboration 05 Emphasizing Green Management 33 02 Expanding Green Business Initiatives 35 Sustaining Green Operations 41 Appendix 85 Key Performance 85 Industrial Prosperity Index of Indicators 06 87 43 and Value Co-Creation Feedback Form 88 Research and Development (R&D) Innovation 45 03 Product Liability 51 Customer Rights and Interests 55 Sustainable Supply Chain Management 59 About This Report This report represents the inaugural Environmental, Social and Governance report ((hereinafter referred to as "ESG report") released by Yuneng Technology Co., Ltd. (hereinafter referred to as "APsystems", "the company" or "we"). Upholding principles of objectivity, standardization, transparency and comprehensiveness, this report provides a detailed disclosure of the company's practices and performance in environmental, social and governance aspects for the fiscal year 2023.About This Report This report represents the inaugural Environmental, Social and Governance report ((hereinafter referred to as "ESG report") released by Yuneng Technology Co., Ltd. (hereinafter referred to as "APsystems", "the company" or "we"). Upholding principles of objectivity, standardization, transparency and comprehensiveness, this report provides a detailed disclosure of the company's practices and performance in environmental, social and governance aspects for the fiscal year 2023. Confirmation and Approval Shanghai Stock Exchange Self-Regulatory Guidelines for Listed Companies of Sci-Tech Innovation Board No. 1 - Standardized Operation (December 2023 Revision) This report was approved by the company's board of directors on April 22, 2024, and is released simultaneously with the annual report. The board of directors ensures the supervision of the report's content, guaranteeing the absence of any false or misleading Chinese Academy of Social Sciences Guide to Corporate Social Responsibility Reporting in China (CASS-ESG 5.0) statements and taking responsibility for the content's truthfulness, accuracy and completeness.Global Reporting Initiative GRI Sustainability Reporting Standards (GRI Standards) (2021 Edition)This report is published in Chinese, and the English version is a translation of the Chinese version. In the event of any discrepancies UN Sustainable Development Goals (SDGs) between the two versions, the Chinese version shall prevail. Sustainability Accounting Standards Board (SASB) Standards Report Access This report is accessible for viewing and downloading on the company's website (www.apsystems.cn) and the Shanghai Stock Exchange website (http://www.sse.com.cn). Chairman's Message Driven by the urgent global demand for environmental protection and climate The board of directors places high importance on ESG matters, namely Environmental, Social and Governance aspects. We change mitigation, the wave of global low-carbon transformation is sweeping manage the company with integrity and responsibility, actively promoting the implementation of sustainable development across nations. Countries worldwide are setting emission reduction targets and strategies. We will gradually establish and improve the ESG system, implementing a series of measures and policies to effectively increasing support for renewable energy, thus contributing to the construction realize environmental and resource protection, and promote green long-term development. of a global community with a shared future for all life on Earth. Aligned with the trends of the times, APsystems values research and development innovation, continuously introducing new APsystems, as a company focused on the new energy sector, has always technologies and products to provide users with safer, more efficient green energy solutions. In 2023, APsystems completed its regarded green, low-carbon and sustainability as the core principles guiding our latest corporate strategic footprint, defining the three major energy storage industry ecosystems centered around micro-inverters: corporate development. With technological innovation as our backbone, we are DIY micro-storage, residential energy storage, industrial and commercial energy storage. This positions us as a comprehensive committed to our unchanging mission of "Driving Towards a Zero-Carbon distributed photovoltaic + energy storage solution provider. APsystems is expanding its technological and product footprint Future, Co-Creating an Intelligent Life". comprehensively to meet the green energy needs in different distributed scenarios. Having deep-rooted experience in the photovoltaic industry for over 13 years, Additionally, APsystems places great emphasis on customer service, adhering to a customer-centric philosophy, constantly APsystems is dedicated to the research and industrialization of MLPE improving service quality and satisfaction, and building long-term and cooperative relationships with numerous clients. Leveraging module-level technology. Through generations of "pioneering technologies and a localized distribution and service network, APsystems provides 24/7 year-round service to meet the needs of local customers. products", we empower the industry for high-quality development. As the Through collaborative efforts with partners, APsystems' products are now present in over 110 countries and regions worldwide, company advances standardized management operations, APsystems actively covering residential, industrial and commercial, public buildings and BIPV sectors, accelerating the global transition to green promotes the concept of green and stable operations, enhancing internal energy. management standards and efficiency to ensure the compliance and While promoting the development of photovoltaic energy storage technology and serving our customers well, APsystems actively sustainable development of all business activities. During the reporting period, fulfills its social responsibilities, contributing to the development of public welfare projects. We focus on environmental protection, the company's operating income increased steadily, creating greater value for education, poverty alleviation, and support specific projects through donations, volunteer activities and other means, driving our customers, shareholders, suppliers and employees. In 2022, the company tangible impact in these areas. Through philanthropic endeavors, we not only provide convenience to those in need but also give officially listed on the A-share Sci-Tech Innovation Board, leveraging the capital more meaning to our efforts. market to boost the company's substantial development. APsystems' current development is the result of the hard work and wisdom of every APsystems employee. As a people-oriented enterprise, APsystems always cares about the development and well-being of its employees. We provide a good working environment and benefits, emphasize employee training and career development. We encourage innovative thinking and teamwork, and offer broad development opportunities to our employees. In the future, APsystems will further solidify its ESG system construction and, with a fresh perspective, embark on a new chapter of high-quality development. While striving for our own development, APsystems also aspires to be the "most efficient, safe and clean energy converter". We actively collaborate with various sectors of society to drive the ongoing global transition to green energy and create a better future together. Yuneng Technology Co., Ltd.Chairman's Message Driven by the urgent global demand for environmental protection and climate The board of directors places high importance on ESG matters, namely Environmental, Social and Governance aspects. We change mitigation, the wave of global low-carbon transformation is sweeping manage the company with integrity and responsibility, actively promoting the implementation of sustainable development across nations. Countries worldwide are setting emission reduction targets and strategies. We will gradually establish and improve the ESG system, implementing a series of measures and policies to effectively increasing support for renewable energy, thus contributing to the construction realize environmental and resource protection, and promote green long-term development. of a global community with a shared future for all life on Earth. Aligned with the trends of the times, APsystems values research and development innovation, continuously introducing new APsystems, as a company focused on the new energy sector, has always technologies and products to provide users with safer, more efficient green energy solutions. In 2023, APsystems completed its regarded green, low-carbon and sustainability as the core principles guiding our latest corporate strategic footprint, defining the three major energy storage industry ecosystems centered around micro-inverters: corporate development. With technological innovation as our backbone, we are DIY micro-storage, residential energy storage, industrial and commercial energy storage. This positions us as a comprehensive committed to our unchanging mission of "Driving Towards a Zero-Carbon distributed photovoltaic + energy storage solution provider. APsystems is expanding its technological and product footprint Future, Co-Creating an Intelligent Life". comprehensively to meet the green energy needs in different distributed scenarios. Having deep-rooted experience in the photovoltaic industry for over 13 years, Additionally, APsystems places great emphasis on customer service, adhering to a customer-centric philosophy, constantly APsystems is dedicated to the research and industrialization of MLPE improving service quality and satisfaction, and building long-term and cooperative relationships with numerous clients. Leveraging module-level technology. Through generations of "pioneering technologies and a localized distribution and service network, APsystems provides 24/7 year-round service to meet the needs of local customers. products", we empower the industry for high-quality development. As the Through collaborative efforts with partners, APsystems' products are now present in over 110 countries and regions worldwide, company advances standardized management operations, APsystems actively covering residential, industrial and commercial, public buildings and BIPV sectors, accelerating the global transition to green promotes the concept of green and stable operations, enhancing internal energy. management standards and efficiency to ensure the compliance and While promoting the development of photovoltaic energy storage technology and serving our customers well, APsystems actively sustainable development of all business activities. During the reporting period, fulfills its social responsibilities, contributing to the development of public welfare projects. We focus on environmental protection, the company's operating income increased steadily, creating greater value for education, poverty alleviation, and support specific projects through donations, volunteer activities and other means, driving our customers, shareholders, suppliers and employees. In 2022, the company tangible impact in these areas. Through philanthropic endeavors, we not only provide convenience to those in need but also give officially listed on the A-share Sci-Tech Innovation Board, leveraging the capital more meaning to our efforts. market to boost the company's substantial development. APsystems' current development is the result of the hard work and wisdom of every APsystems employee. As a people-oriented enterprise, APsystems always cares about the development and well-being of its employees. We provide a good working environment and benefits, emphasize employee training and career development. We encourage innovative thinking and teamwork, and offer broad development opportunities to our employees. In the future, APsystems will further solidify its ESG system construction and, with a fresh perspective, embark on a new chapter of high-quality development. While striving for our own development, APsystems also aspires to be the "most efficient, safe and clean energy converter". We actively collaborate with various sectors of society to drive the ongoing global transition to green energy and create a better future together. Yuneng Technology Co., Ltd.2009 2010 2011 Development Founded in Silicon Valley, USA. Established the headquarters in Established subsidiaries in Sydney, Australia, and Shanghai, China Milestones Jiaxing, focusing on research and Introduced as the pioneering micro-inverter brand in the Australian marketoperations. Launched the first-generation single-phase micro-inverter
Jiaxing Huineng Jiaxing Huiying Other Investment Investment TDG Holding LING ZHIMIN LUO YUHAO Outstanding GAO LIMIN PAN JIANQING Management Management Global Marketing Strategy Global Warehousing Strategy Global After-Sales SupportCo., Ltd Partnership Partnership 14.49% 12.36% Shares 8.02% 7.71% 13.71% (Limited Partnership) (Limited Partnership) 38.05% 3.54% 2.12%
Corporate Culture 2023 Major Events
Sustainable Prosperity, Perpetual Development Sustainable Development Initiatives Sustainable Prosperity, Perpetual Development
frameworks, and the Articles of Association. Functioning as the company's oversight mechanism, the Supervisory Board conducts effective legal and compliance supervision over the company's financial affairs and the performance of its Company Organizational Chart directors and senior management. Throughout the reporting period, the company convened a total of meetings of Board Composition Diversity Risk Control Management APsystems places a strong emphasis on and actively promotes diversity within its Board of Directors. The current board comprises Board Composition Diversity Risk Control Management APsystems places a strong emphasis on and actively promotes diversity within its Board of Directors. The current board comprises stakeholders effectively. financial management proficiency of the company. The finance department regularly organizes tax training sessions for finance personnel to stay abreast of the latest financial and tax regulations, mitigating tax-related risks. As of the end of the reporting period, the company has effectively managed tax risks, and no instances of tax evasion Investor Relations or non-compliance have been recorded. Shareholder Returns Financial and Tax Training During the reporting period, the company conducted training activities focused on financial and tax-related knowledge and APsystems continually advances its investor relations management through the formulation of the Investor Relations Management System, which standardizes the company's investor relations practices. This system facilitates ongoing deepening of communication channels with investors, fostering a better understanding and alignment with the company's vision. Such efforts lay the groundwork Performance Briefing for establishing a long-term, stable and mutually beneficial partnership, thereby maximizing corporate value and shareholder returns. During the reporting period, the company hosted a total of 3 Performance Briefings. Attendees included the Chairman of The company places significant emphasis on investor relations management, continually strengthening connections and the Board, Chief Financial Officer, and Board Secretary,etc. The briefing utilized interactive teleconferencing to present the interactions with investors. Through diverse channels including investor hotlines, emails, the "Shanghai Stock Exchange company's operational performance for the first half of the year and engage in detailed discussions with investors. This e-Interaction" platform and investor forums, the company enhances communication and engagement with investors. It earnestly event aimed to booster investor confidence in the company and foster the establishment of enduring collaborative listens to investor feedback and diligently safeguards their legitimate rights and interests. During the reporting period, the company relationships. hosted 4 investor forums, conducted 1 on-site investor survey, received and responded to 400 investor calls, and provided answers to investor queries 52 times through the Shanghai Stock Exchange e-Interaction platform, achieving a 100% response rate to investor inquiries.
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