Recently, the All-China Federation of Industry and Commerce recently released the Research Report on Private Corporate Social Responsibility of China (2023) and Excellent Cases of Private Corporate Social Responsibility in China (2023) during the Second Session of the 13th Executive Committee Meeting and the Yunnan Private Enterprise High-Quality Development Conference. Huayou Cobalt (603799) has made history in Jiaxing as the first company from the city to be featured in the Excellent Cases of Private Corporate Social Responsibility in China (2023).

Implementing "carbon peaking" and "carbon neutrality" is an intrinsic element of adhering to the new development philosophy, shaping a novel development landscape, and driving high-quality growth. Over the past year, Huayou Cobalt has steadfastly pursued a path of industrial transformation and upgrade, with an unwavering commitment to ecological prioritization and green, low-carbon development. A deepening of customer value creation, industry leadership, and a strong focus on supply chain enhancement, value chain extension, and industrial chain reinforcement have collectively propelled the development of a "zero-carbon" industry with a key emphasis on "two areas and three trends" objectives. In 2023, we comprehensively execute its "dual-carbon" plan to drive the green development of the entire industrial chain, including low-carbon production, green products, and eco-friendly factories, while also accelerating the recycling and cascade utilization of products. We actively respond to the United Nations Sustainable Development Goals (UN-SDGs) and comply with international guidelines and standards related to Environmental, Social, and Governance (ESG) practices for sustainable development. By fully integrating ESG principles and standards into its corporate management, Huayou establishes a distinctive ESG framework. This approach is designed to create value for stakeholders, build a responsible international corporate image, and contribute significantly to the development of a global community with a shared human destiny. We have been consecutively selected as one of "Forbes Top 50 Sustainable Development Industrial Enterprises for 2022", recognized in 2023 as an ESG-inspired case, and honored as one of the "Hurun China Private Companies SDG Readiness 100". 

▲ Guangxi Huayou 

Huayou firmly upholds the investment philosophy of "wherever we invest, we must contribute to the local economy and society." This commitment reflects our unwavering dedication to the new energy industry of lithium battery, as well as its resolute pledge to promote shared prosperity through high-quality development. We have made a firm commitment to prioritize social welfare initiatives, with a significant total global philanthropic investment of approximately 18.34 million yuan in just the first half of 2023. These philanthropic efforts encompass a diverse spectrum of areas, including rural revitalization, education, healthcare, infrastructure, economic development, environmental conservation, agriculture, and vocational training. Simultaneously, we actively fulfill the mission and responsibilities in the communities where it operates, such as Indonesia, the Democratic Republic of the Congo, and Zimbabwe. It integrates seamlessly with local development efforts, undertaking a series of ESG projects aimed at enhancing the quality of life for the local populace. Such approach not only fosters shared development outcomes but also explores novel models and pathways for sustainable overseas corporate development In collaboration with local communities and international stakeholders, it contributes to the enduring development goals of the "Belt and Road" initiative. 

In looking toward the future, as a pioneering enterprise in the integrated green manufacturing of new energy lithium-ion materials and a prime example of an ESG-listed corporation, we are unwaveringly committed to our mission of "Creating Value for Customer and Leading Industrial Development." We will continue to deeply embrace the principles of the new development philosophy, shaping a new competitive edge in international cooperation and competition. Through high-level openness, we will drive forward high-quality development, establish a shared destiny community within industry of lithium battery, and contribute to a brighter future for humanity through the creation of a more prosperous tomorrow. 

It is reported that this case list was initiated by the All-China Federation of Industry and Commerce (ACFIC), with recommendations from provincial-level industry and commerce federations and direct ACFIC affiliates, followed by ACFIC approval. The aim is to recognize private enterprises that have made significant contributions in areas like implementing the new development philosophy, supporting social development, prioritizing social responsibility system construction, and fostering harmonious labor relations.