北方稀土(600111):北方稀土2024年度环境、社会及公司治理报告（英文版）
原标题:北方稀土:北方稀土2024年度环境、社会及公司治理报告（英文版） Governance Report China Northern Rare Earth (Group) High-Tech Co., Ltd. China Northern Rare Earth (Group) High-Tech Co., Ltd. Stock code﹕600111Environmental, Social and Governance Report China Northern Rare Earth (Group) High-Tech Co., Ltd. Introduction Data Northern Rare Earth (Group) High-Tech Co., Ltd. to disclose and exhibit Company’s performance in governmental agencies, as well as the Company’s formal documents, public disclosures and internal Source environmental, social and governance aspects to the stakeholders. This Report has been reviewed by statistics. Financial data referenced herein is sourced from the audited financial statements in the the Company, which will be responsible for the authenticity and validity of the information contained 2024 Annual Report. Unless stated otherwise, all monetary amounts are denominated in Chinese herein. yuan. The reporting period is from January 1, 2024, to December 31, 2024, unless stated otherwise. To Guidelines No.14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies—Reporting Basis of ensure the Report’s completeness, some information extends beyond this specified period.Sustainability Report (Trial) Period Preparation Reference of ESG Indicators System for ESG Reports of Listed Companies Controlled by Central State-owned Enterprises published by the State-owned Assets Supervision and Administration Commission of the State Council IFRS Sustainability Disclosure Standards S1 — General Requirements for Disclosure of Unless stated otherwise, this Report is about the China Northern Rare Earth (Group) High-Tech Co., Reporting Sustainability-related Financial Information and IFRS Sustainability Disclosure Standards S2 — Ltd., covering its headquarters, branches and subsidiaries, with the scope of data disclosure that is Scope Climate-related Disclosures issued by the International Sustainability Standards Board（ISSB） identical to the scope of the consolidated financial statements. Any deviation from the scope will be Sustainability Reporting Standards published by Global Reporting Initiative (GRI)specified in the Report. Abbreviations and Glossary Unless otherwise indicated in the context, the terms used shall have the following meanings in this report: Definitions of frequently used terms Definitions of frequently used termsNorthern Rare Earth, the Company, Ningbo Zhaobao refers to Ningbo Zhaobao Magnet Co., Ltd.refers to China Northern Rare Earth (Group) High-Tech Co., Ltd.We Suzhou Torin refers to Suzhou Torin Drive Equipment Co., Ltd.Baogang, Baogang Group refers to Baotou Iron and Steel (Group) Co., Ltd.Souwest Magnetech refers to Ningbo Souwest Magnetech Development Co., Ltd.Smelting Branch refers to Smelting Branch of Northern Rare EarthNorthern Rare Earth Recycling Resources (Darhan- Recycling Resources refers to Huamei refers to Baotou Huamei Rare-Earth High-Tech Co., Ltd. Muminggan Joint Banner) Co., Ltd.Inner Mongolia Northern Rare Earth Magnetic Materials Company Law refers to The Company Law of the People’s Republic of China Northern Magnetic Materials refers to Co., Ltd. Securities Law refers to The Securities Law of the People’s Republic of ChinaHuaxing Rare Earth refers to Baotou Huaxing Rare Earth Technology Co., Ltd.SSE refers to Shanghai Stock Exchange Hefa refers to Baogang Steel Hefa Rare Earth Co., Ltd. The largest base for rare earth new materials in China Zibo Lingzhi refers to Zibo Baogang Lingzhi Rare Earth Hi-tech Co., Ltd. Two Rare Earth Bases refers to and a leading base for rare earth applications across the world Gansu Rare Earth refers to Gansu Rare Earth New Materials Co., Ltd.RMB 1 yuan, RMB 10,000 yuan, RMB 100 million yuan, Yuan, 10,000 yuan, 100 million yuan refers to Energy Conservation & Environmental Baogang Group Energy Conservation & Environmental the legal currency of China refers to Protection Protection Technology Industry Co., Ltd. Reporting Period refers to From January 1, 2024 to December 31, 2024BRIRE refers to Baotou Research Institute of Rare Earths ESG refers to Environmental, Social and Governance principles, we have completed and operationalized the first phase of our next-generation green mining, beneficiation, and smelting upgrade project Owned Enterprise (SOE) reform. We have optimized our corporate governance and enhanced standardized practices, thereby modernizing our for rare earths. As a frontrunner in the industry, we conducted the first comprehensive self-examination for greenhouse gas emissions of industrial- management efficiency. By prioritizing efficiency, profitability, and compliance, we have successfully implemented institutional reforms through chain, and built the inaugural carbon accounting platform in the rare earth sector. This initiative has enhanced our precise carbon management management innovation, lean practices, and comprehensive performance evaluations. By means of the refinement of our governance structures capabilities. Additionally, we released four Environmental Product Declaration (EPD) reports for rare earth products. In a further demonstration of and institutional mechanisms, we have significantly heightened the effectiveness and performance of all governing entities. In our commitment to leadership, we played a pivotal role in formulating the industry standard, titled Green Factory Evaluation Requirements for Rare Earth Polishing compliance management, we have proactively aligned with high-standard international frameworks. Notably, Northern Rare Earth and its affiliates— Powder. Advancing our digital-intelligent transformation, we have established a high-standard green manufacturing system, with subsidiaries such including the Smelting Branch and International Trading—attained dual certifications for ISO 37301:2021 and GB/T 35770-2022, marking it as as Hefa, Huaxing Rare Earth, and Xi'aoke receiving Green Factory certification in the Inner Mongolia Autonomous Region. We have strengthened the first SOE in Inner Mongolia with such achievement and underscoring our unwavering dedication to compliance operations. Furthermore, we environmental protection infrastructure development, significantly enhancing pollution reduction and treatment capabilities and resource recycling enhanced our environmental, social, and governance (ESG) practices and market capitalization management by establishing robust ESG frameworks efficiency. and promoting awareness. More ESG information reporting helped Company’s governance and recognition of improved ratings as well as multiple accolades in the capital markets. By strategically integrating market capitalization initiatives with long-term planning, we executed a series of Over the past year, we have seen new advancements in shared development of a harmonious enterprise. We unequivocally demonstrated mergers and acquisitions, strengthened our disclosures and investor relations, optimized cash dividends, and efficiently managed our capital our commitment to national priorities while fulfilling our foundational mission. Operating under the guiding principles of innovation-driven growth, operations. As a result of these focused efforts, we have solidified our standing as the highest-valued listed company in the rare earth permanent collaborative engagement, and people-centered development, we have made substantial progress across supply and industrial chains while magnet industry. proactively addressing our social responsibilities. In strict accordance with national rare earth industry strategies, we have rigorously implemented state-mandated production quotas. This approach has ensured a stable supply of high-quality products and services, thereby reinforcing market Where the heart desires, one can indeed advance. By pursuing our ambitions with unwavering resolve, we are poised to transform our aspirations price stability and operational reliability. Through strategic mergers, including the acquisition of ZXAT and the establishment of a joint venture, into reality. Looking ahead, we will steadfastly adhere to the principles of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Northern Zhaobao, we have significantly enhanced and diversified our industrial frameworks. These initiatives have facilitated upstream and Era. We will ground our initiatives in a comprehensive understanding of the broader socio-economic landscape while systematically planning the downstream synergies, and optimized value creation. As a pivotal national force in rare earth science, Northern Rare Earth has undertaken a evolution of our industry. Our strategic focus entails accelerating the development of new quality productive forces while continuously enhancing multitude of state-level research and development projects, achieving significant breakthroughs. We have created China’s inaugural National our performance in ESG management and fulfilment of duties. We shoulder critical responsibility for the establishment of the Two Rare Earth Bases, Technical Standard Innovation Base for rare earth elements. We have also spearheaded the formulation of the first international standard for the and we are committed to expediting our progress toward becoming a world-class leader in the rare earth sector. Collaborating closely with all global rare earth industry to facilitate technological advancement. In addition to our business endeavors, we have taken social welfare initiatives stakeholders, we will embody our corporate responsibilities as we embark on this new journey. Together, we will contribute to the comprehensive that promote energy-saving and low-carbon technologies, and provided support for rural revitalization. Central to our mission is a steadfast focus advancement of a modern socialist country and co-author a transformative chapter in building the nation with robust rare earth industry. on employee wellbeing. By initiating multiple types of staff care, cultivating family-friendly workplaces, and fostering inclusive cultures, we have significantly enhanced staff satisfaction. Contents Contents 28 Strategic Navigation: New Chapter in People Centered Outlook 130 High-Quality Development toward Harmonious Appendix I: Index of Indicators 131 Growth in Love 28 Innovation-Driven: New Engine for Industrial Appendix II: Reader Feedback Form 143 Advancement Coexistence 109 Rights and Interests of Employees Green Technologies: New Benchmarks for 30 Ecological Environment Management 55 112 Ecological Transition Employee Development Climate Change 59 117 Occupational Health Resource Efficiency 64 119 Employee Life Pollution Prevention and Control 71 Green Living 76 中国北方稀土 07 08 Award Technology Award Technology Issuing institution Issuing institution Key Technology for Metallurgical National Standard - Technical Specification 1st Prize of Rare Earth 1st Prize for Outstanding Quality Control in High-Performance The Chinese Society of Rare Earthsfor Sintered Rare Earth Permanent Magnet SAC/TC229 Science and Technology Technical Standards Rare Earth-Containing Magnesium Association of China Rare Earth IndustryAssemblies Awards Alloys and its Applications Technology Awards Awards for Standards Award Technology Award Technology Issuing institution Issuing institution Key Technology for Metallurgical National Standard - Technical Specification 1st Prize of Rare Earth 1st Prize for Outstanding Quality Control in High-Performance The Chinese Society of Rare Earthsfor Sintered Rare Earth Permanent Magnet SAC/TC229 Science and Technology Technical Standards Rare Earth-Containing Magnesium Association of China Rare Earth IndustryAssemblies Awards Alloys and its Applications
Environmental Operation Performance performance Special environmental protection Percentage of the Company and Revenue Net assets attributable to the parent Total assets its affiliates with environmental expenditure company management certification 32.966 45.381 0.648billion yuan billion yuan 22.432 billion yuan 91.66% billion yuan Environmental protection training Comprehensive energy Net income attributable to the parent Total profit sessions consumption per unit of output company 1.837 91 919kgce/tREO billion yuan 1.004billion yuan Governance Social Performance Performance General meetings Party Committee meetings Board meetings R&D expenditure to R&D expenditure Product on-time delivery rate 4 14 34 revenue ratio % 16.04 100 100 million yuan % Supervisory Committee Management meetings at Meetings of special 5.11meetings General Manager level committees Safety inspections Customer satisfaction Total employees 12 25 21 % 878 100 9,867 Distribution of cash Percentage of independent Special meetings of dividends in 2023 directors independent directors Occupational health Employee care and Total training expenditure examination coverage assistance billion yuan % 0.253 5 35.71 million yua 4.8511 % million yuan 100 1.2584 Rural revitalization Public welfare Volunteering duration expenditure expenditure 3,128Hours 5.3941 1.2245 The Company has set regular and efficient communication channels with stakeholders given the industry’s characteristics and operational dynamics. We identify stakeholder expectations and address their needs to enhance our ESG performance. Stakeholders Stakeholder expectations Our actions and responses Stakeholders Stakeholder expectations Our actions and responses Developing strategies and management Taking part in industrial activities
The Company applied the Double Materiality principle (impact materiality and financial materiality) to conduct an online questionnaire distributed to senior management and stakeholders. This approach enables a comprehensive analysis of stakeholder perspectives and expectations and facilitates the establishment of the 2024 Double Materiality Matrix, which Innovation-Driven represents priority of ESG issues. Development Employee Training and Development Occupational Health & Safety Equal Employment and Labor Climate Change Determination of Double Materiality Issues Practices Mitigation Emissions Product Safety Energy Efficiency Management & Quality & Utilization Investor Rights Protection Customer Service and Communication Strategic Navigation: New Chapter in High-Quality Development The Innovation and Intelligence Engine is The Company is steadfastly committed to a new trajectory of high-quality development characterized by ecological priority and green development principles. It aims to position itself as steering the development of the Two Rare Earth a high-tech enterprise at the forefront of the global green and low-carbon transformation, and provide comprehensive services tailored to the rare earth industry ecosystem.Bases and poised to outline a transformative The Company is strategically advancing towards a transformation characterized by high- Reconstruction and Expansion Project of Tianjiao Qingmei’s Case Case The Company is dedicated to advancing the application of permanent magnet motors and intelligent production lines, （未完）  |