HUITIAN's 2024 ESG Report: A Commitment to Sustainability and Innovation
In the ever-evolving landscape of corporate responsibility and sustainability, HUITIAN stands out as a beacon of innovation and commitment. Our 2024 ESG (Environmental, Social, and Governance) Report not only highlights our achievements but also outlines our future aspirations. As a leading provider of adhesives, HUITIAN is dedicated to integrating ESG practices into every facet of our business, ensuring that we contribute positively to the environment, society, and the global economy.
Financial Performance:
HUITIAN's financial performance in 2024 is a testament to our strategic focus and operational excellence. We achieved an annual revenue of 3.989 billion yuan, marking a year-over-year (YOY) growth of 2.23%. This growth is a direct result of our commitment to ESG management, which has become a cornerstone of our business strategy. By prioritising sustainable practices, we have not only enhanced our financial performance but also solidified our position as a leader in the adhesive industry.
Social Performance:
Our social performance is equally impressive. With a significant increase in R&D investment, up by 9.3% YOY, we have demonstrated our dedication to innovation. This investment has led to the development of 48 new product projects, driven by a team of 280 R&D professionals, who make up 14.86% of our total workforce. Our commitment to quality is unwavering, with a product first-pass rate of 99.39% and a factory qualification rate of 100%. These figures underscore our dedication to providing high-quality adhesives that meet the stringent demands of our clients.
Environmental Performance:
HUITIAN's environmental performance is a proud reflection of our commitment to sustainability. We have significantly increased our eco-protection input by 63.47% YOY, amounting to 10.97 million yuan. This investment is aimed at reducing our carbon footprint and promoting green manufacturing practices. Our efforts include a reduction in direct greenhouse gas emissions to 3,748.59 metric tons of CO₂e and indirect emissions to 57,550.36 metric tons of CO₂e. Additionally, we generated 7,169,001.8 kWh of total PV power, contributing to our short-term goal of reducing overall carbon emissions by 30% by 2030.
Governance and Compliance:
Governance is at the heart of HUITIAN's operations. We have optimized our governance structure and operational standards to enhance risk control and safeguard shareholder rights. In 2024, we held one shareholders' meeting, eight board meetings, and six supervisory board meetings, where we deliberated and approved numerous proposals. Our adherence to business ethics is evident, with no litigation incidents caused by corruption or bribery, and a 100% signing rate of business ethics certificates.
Sustainable Development:
HUITIAN's commitment to sustainable development is unwavering. We attended the 2024 Sustainable Development Conference and the China Track and ESG Sustainable Development Conference, where we were recognised with the Best ESG Practice Award for Listed Companies in 2024. These accolades highlight our efforts to enhance development capabilities and ESG management, reinforcing our position as a leader in sustainable business practices.
HUITIAN remains committed to driving innovation, fostering sustainable growth, and maintaining the highest standards of ESG performance. Our 2024 ESG Report is a testament to our progress and a roadmap for our continued success. We invite you to explore our full report and learn more about how HUITIAN is leading the way in sustainable adhesive solutions.
For more information about HUITIAN's ESG initiatives and adhesive solutions, visit HUITIAN's Official Website or scan the QR code below to access our full ESG report.
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