HONG KONG SAR – Media OutReach Newswire – 10 February 2025 – Luxshare Precision has again demonstrated its leadership in environmental, social, and governance (ESG) practices by being named ESG excellent case in the Jinlan Cup for the third consecutive year. The announcement was made at the 2024 Pearl Bay International Climate Investment and Financing Conference held in Guangzhou from 2024 December 8th to 9th under the theme “Global Cooperation For Green Future.” Luxshare Precision’s “From Precision Manufacturing to Green Leadership” case was selected for its outstanding achievements in low-carbon environmental protection.

The “Jinlan Cup ESG Excellence Case Collection” event, organized by China Economic Information Service, has been held for three years and has garnered widespread attention from various industries domestically and internationally. It has established a comprehensive database of corporate green low-carbon and ESG cases across multiple industries.

Luxshare Precision understands the importance of carbon neutrality for global sustainable development. With a high sense of responsibility and mission, the company has scientifically and reasonably planned its carbon reduction goals and pathways. Following the Science Based Targets initiative (SBTi) in line with the 1.5°C pathway, Luxshare Precision has proactively set carbon reduction targets for its operations (Scope 1 and 2) and key value chain (Scope 3). These targets were officially validated and approved by SBTi in January 2024, and the company is committed to advancing along the established carbon reduction path.

Luxshare Precision has accelerated its transition to low-carbon energy by adopting multiple strategies to expand the use of clean energy, and has leveraged technology to drive green operations, including the construction of IOE (Internet of Energy) intelligent energy management platform, enabling intelligent energy analysis and management. Additionally, it has implemented energy-saving goals and improvement plans, focusing on energy reduction and emission mitigation projects. By making substantial investments in clean technologies, the company is also advancing research and development efforts in green products. Furthermore, it has launched the Green Supply Chain Management (GSCM) system’s carbon reduction module, facilitating energy-saving and emissions reduction across its supply chain.

Luxshare Precision has demonstrated its commitment to environmental responsibility through the establishment of advanced environmental management systems. Several of its manufacturing sites have been certified with Environmental Management Systems and Green Factory certifications. The company has strengthened its water resource management strategy by identifying water-related risks and integrating a smart water management system to improve water utilization efficiency. Luxshare Precision is also proactive in controlling pollutant emissions, promoting zero-waste landfilling, and ensuring compliance with air and water pollution standards. Furthermore, the company is committed to responsible chemical management by addressing potential risks and developing plans to phase out hazardous substances.

Luxshare Precision focuses on talent development, and has implemented a training system with characteristics of Luxshare Precision that provides training on various topics such as skill enhancement, leadership, and ESG issues. With the People-oriented Approach, the Company places great emphasis on employee occupational health and safety, and has developed effective management mechanisms to maintain a safety performance of “zero work-related fatality accidents and zero occupational diseases”. Regarding allegations of forced labor in Xinjiang, Luxshare Precision denies the accusations previously and asserts that it adheres to legal and regulatory standards, respecting and protecting employees’ rights. The company emphasizes that its production and operational activities comply with the standards of the International Labour Organization, continuously improving working conditions to ensure all employees work in fair and safe environments.

Looking ahead, Luxshare Precision will continue to deepen its business layout, drive new rounds of performance growth, and uphold a responsible attitude by giving back to society through tangible actions. This commitment supports the company’s development and upholds its social responsibility. Through continuous efforts, Luxshare Precision aims to bring more positive energy to society and contribute to global sustainable development, realizing harmonious coexistence between the enterprise and the environment.

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