太钢不锈(000825):SUSTAINABILITY (ESG) REPORT 2025
原标题:太钢不锈:Sustainability (ESG) Report 2025 Integrity-Driven New Quality Green and Low- Joint Efforts for a Long-Term Success Development Carbon Development Brighter FutureSound Governance for Steady and 23 Technological Innovation: Creating a Smart Future 35 Climate Ambition: Exploring a Low-Carbon Future 49 Value Creation with Customers 69 Sustainable Progress High-End Product Leadership and Relentless 39 Clear Waters and Blue Skies: Cultivating a Green 54 Responsible and Transparent Procurement 72 Commitment to Integrity and Responsibility 30 Pursuit of Excellence FoundationTalent Cultivation and Vitality Unleashing 75 Integrity-Driven Governance for Sustainable 32 Smart-Driven, Digital-Physical Integration 43 Resource Recycling: Turning Green Initiatives into Value 59 Building Communities Together to Share Warmth 83 Value Creation Industry Leadership and Win-Win Cooperation 45 Harmony with Nature 63 The financial data in this report complies with the provisions of the Chinese Accounting Law and Accounting Standards for Business Enterprises, This report was approved and released at the 4th meeting of the 10th Board of Directors of the Company on April 24, 2026. and has been audited in accordance with National Auditing Standards. The Report focuses on Shanxi Taigang Stainless Steel Co., Ltd. The Report covers Shanxi Taigang Stainless Steel Co., Ltd. and its subsidiaries. The preparation process for the Report covers team building, research on domestic and international policy trends, initiation training, data collection, stakeholder surveys, dual materiality analysis, framework establishment, report drafting, translation, design, review by departments and Reporting period senior management, and report grading. The reporting period is from January 1, 2025 to December 31, 2025. To enhance the comparability and timeliness of the Report, some Reliability assurance information dates back to previous years or refers to the first quarter of 2026.The Company ensures the completeness, materiality, balance, and comparability of the content disclosed in the Report, and systematically Preparation Basis introduces the Company’s philosophy, systems, actions, and performance in pursuing economic, environmental, and social development. The Company assures that this report is free of false records or misleading statements. This report is prepared mainly based on the Self-Regulatory Guidelines No. 17 for Companies Listed on Shenzhen Stock Exchange—Sustainability Report (For Trial Implementation), Self-Regulatory Guidelines No.3 for Companies Listed on Shenzhen Stock Exchange — Preparation of Reporting language and access Sustainability Report and the Guidelines for the Preparation of CSR and ESG Reports for Subsidiaries of China Baowu Steel Group Corporation Limited (Baowu). It also references the United Nations Sustainable Development Goals (SDGs), the GRI Sustainability Reporting Standards (GRI The Report is published in both Chinese and English versions. In the event of any discrepancies in understanding between the Chinese and Standards) issued by Global Sustainability Standards Board (GSSB), ISSB standards, the China Corporate Sustainability Reporting Guidelines English versions, the Chinese version shall prevail. Furthermore, this report is published in both print and electronic formats, with PDF version (CASS-ESG 6.0) released by Chinese Academy of Social Sciences, and other guidelines and initiatives.
Sustainability Performance Mission Comprehensive Sustainability/ESG Awards To support advanced manufacturing and create a better life Included in the "China ESG Listed Wind ESG Rating Huazheng Index ESG RatingCompanies: Central SOE Pioneer 100 (2025)" list A A Vision To become a global leader in the stainless steel industry 2025 China Steel Enterprise ESG Awarded Five-Star ESG Report Corporate Spirit Rating by China Metallurgical Industry by the China Expert Committee Planning and Research Institute on CSR Report Rating for nine Li Shuangliang Spirit consecutive years AAA Values “GoldenBee 2025 Excellent Corporate Sustainability “GoldenBee ESG Competitiveness · Sustainable Report – Leading Enterprise Award” Product & Service Award”Integrity Innovation Green Collaboration Sub-culture “Smart Cold Rolling Stainless Steel Plant with Full- The social responsibility practice Integrity culture Innovation culture Safety culture Quality cultureProcess Closed-Loop Control” was recognized as case,“Technology-Driven Innovation for an “Excellent-Level Smart Factory” by the Ministry of Unlocking the Potential of Hand-Torn Steel,” was Industry and Information Technology (MIIT) and five selected for the 2025 Blue Book on the Social Green culture Marketing culture Responsibility culture Integrity cultureother ministries. Responsibility of China’s Steel Industry. The social responsibility practice case, “Independent The social responsibility practice case, “Localization Development of Ultra-Low Temperature Steel for LNG of Key Stainless Steel Materials for Molten Salt Storage Tanks, Elevating China’s Mega LNG Tank Energy Storage Power Stations Supporting National Construction from Follower to Leader,” was recognized as Energy Structure Transformation,” was recognized a benchmark case by China Baowu. as an excellent case by China Baowu.The signature social responsibility project, “Water The sustainability case, “Addressing Water Use Circulation Powers the ‘Green Engine’ of the Fen Challenges and Protecting Shanxi’s Mother River,” Sustainability Management 2025 Performance Evaluation, the 2025 Comprehensive Assessment, and the list for benchmarking and identifying gaps against world-class enterprises. Guided by the Board-approved remuneration and performance evaluation framework, we sign annual performance responsibility agreements with the management team. These agreements incorporate KPIs such as the green development and digital intelligence indices, low- Upholding the social responsibility principle of “leveraging stainless steel know-how to create exceptional quality and generating value for carbon transition, and total energy consumption. Based on their ESG responsibilities, the Company sets differentiated performance indicators stakeholders,” the Company upholds the responsibility philosophy of “leveraging stainless steel know-how to create exceptional quality and and weightings, linking evaluation results to these scores, with final outcomes subject to Board approval. These requirements also extend to post- generating value for stakeholders,” and regards sustainable development as the core driver of enduring business success. The Company investment management of investee companies and the performance evaluation of appointed directors.continuously integrates ESG principles into our strategy and operations. In 2025, we further refined our sustainability governance system, optimized management mechanisms, and strengthened risk control. We also enhanced our capacity to fulfill responsibilities, and advanced responsible business practices with our stakeholders while co-creating long-term corporate value.Due Diligence Management Structure The Company has established a systematic ESG due diligence mechanism to effectively identify, assess, and responds to potential adverse impacts and risks related to sustainability in our operations and investments. The mechanism is guided and overseen by the Board’s Strategy, ESG, and Technological Innovation Committee and coordinated by the Sustainability Management Committee. It covers key areas including The Company has established a well-defined, tiered ESG management framework, forming a three-tier interactive system of decision-making, environmental compliance, carbon emissions management, product quality, employee rights protection, business ethics, and overseas investment management, and execution. It ensures that sustainability matters are integrated into daily operations at all levels and help enhance our and operations. management performance. In practice, The Company systematically identifies ESG risks associated with our operations and long-term equity investments. These measures include environmental and social impact assessments, supplier ESG due diligence, investment project compliance reviews, third-party risk Decision-making level assessments, and internal audits. These due diligence findings are regularly reported to the Board and stakeholders. They serve as a critical The Board of Directors has established a Strategy, ESG, and
Recognizing the critical importance of material topics to our sustainable development, the Company conducts an annual materiality assessment The Company has established a comprehensive communication mechanism to maintain active and in-depth engagement with stakeholders of sustainability issues. The assessment results serve as a core basis for strategic planning, risk management, and information disclosure. In through various channels. During the preparation of this report, we proactively conducted stakeholder surveys to understand their concerns and 2025, we continued to carry out double materiality assessment with reference to relevant international disclosure standards and methodologies, expectations and incorporated them into our decision-making processes. with focused responses disclosed in this report.
t S On May 12, 2020, President Xi Jinping, during his visit to STSS Precision Strip, emphasized “Taigang-made” has empowered iconic national heavy equipment from aerospace to deep-sea applications. Expanded high- that products and technologies are the foundation of enterprise survival and development. A wide range of advanced and specialty products, including hand-torn steel, chip steel, and 1000 MPa-grade end product He encouraged companies to continue advancing technological innovation and make greater ultra-high-strength yoke steel, has been developed. The Company has also achieved breakthroughs in critical portfolio contributions to supporting advanced manufacturing. materials such as ultra-pure ferritic steel, nickel-based alloy, Invar alloy, Hastelloy precision foil, and stainless steel for LNG membrane tanks. These products are widely applied in aerospace, defense, energy, transportation, and Over the past five years, Taigang Stainless has borne in mind President Xi Jinping’s guidance, taking high-end equipment fields, supporting the localization of core equipment. becoming a global leader in the stainless steel industry as our vision and supporting advanced manufacturing and creating a better life as our mission. We adhere to our CSR philosophy of leveraging STSS know-how to create exceptional quality and generating value for stakeholders, During the 14th Five-Year Plan period with a clear focus on high-end, intelligent, green, and efficient development. Consequently, we have delivered solid progress in technological innovation, industrial upgrading, green transformation, and efficiency enhancement, forging a timeless STSS legend with unwavering determination. t C Global first-to-market products Domestic first-to-market products Signature technologies
10.2 Reduction in energy consumption per ton of steel Compared with 2020 2025 46,000 tons/day 99.62 % 70 % 6.2 % 26.24 % 10–15 days 94.42 % Reclaimed water supplied to Fen Utilization rate of solid Application rate of new Proportion of renewable Crude steel output growth Delivery cycle for key products Contract fulfillment rate of stainless steel River for landscape use waste energy technologies electricity consumptionRecognized as an “Energy Efficiency Benchmark” enterprise by the China Iron and Steel Association (CISA), the only CNY270 million Gold Award of the Sustainability Award water-saving benchmark in the first batch of Shanxi from the World Stainless Association for In 2025, synergy benefits from integrated operations under the "One Headquarters, Multiple Bases" model Province’s water-saving enterprises, and selected as a “Ecological Dual Circulation Management typical case of water-saving industrial enterprises with high-of water system” quality development in the Yellow River Basin The Company adheres to a customer-centered approach and embeds lean manufacturing throughout our operations. Focusing on The Company has built a full-process online carbon management platform and accelerates the integrated quality, cost, and logistics management, we build a delivery-oriented flexible manufacturing system. Capitalizing on China Deepening the dual development and application of breakthrough low-carbon technologies to promote low-carbon Baowu's "2526" initiative, we empower lean manufacturing with AI, applying large models including DeepSeek across 23 planned carbon strategy transformation across end-to-end processes and all factors. We expand distributed photovoltaic scenarios to achieve efficient end-to-end operations from market demand to product delivery.generation, increase green electricity procurement, and scale up biomass energy use to continuously Shareholders’ Meeting duties upon nomination. In addition, the Company has established the Rules of procedure for the Board of Directors, requiring a majority of directors to be present for The Management meetings with the minimum attendance rate of 50%, to ensure independence and effective operation. During the reporting period, the average attendance rate of the company’s board members at board meetings was 100%. Investor relations management The Company actively implements the revised Company Law and relevant regulatory requirements issued by the China Securities Regulatory The Company places importance on investor relations management and actively practices the concept of two-way value communication. We Commission. We have completed amendments to the articles of association, Board re-election, the election of staff directors, and reforms of the continue to broaden our channels for information disclosure and investor engagement.Board of Supervisors. We have also organized directors and executives to participate in corporate governance training programs conducted by regulatory authorities including the China Association for Public Companies, Shenzhen Stock Exchange, and the Shanxi Securities Regulatory Bureau. Such training sessions, both online and offline, have enabled us to continuously elevate the standardization and effectiveness of
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