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Zhen Ding Achieved Top Ranking in 2024 S&P Global ESG Rating, Leading the PCB Industry
October 25, 2024 | Zhen Ding TechnologyEstimated reading time: 1 minute
Zhen Ding Technology (4958) has been dedicated to long-term corporate ESG sustainability, achieving an impressive overall score of 76 in the 2024 Corporate Sustainability Assessment (CSA) conducted by the international sustainability rating agency, S&P Global. Zhen Ding is ranked above 98% of its peers in the global ITC Electronic Equipment, Instruments & Components sector, and is recognized as the top company within the PCB industry, with strong performance in environmental, governance, and social dimensions.
In this year’s CSA, Zhen Ding excelled in areas such as "Climate Strategy," "Supply Chain Management," and "Product Stewardship." Regarding climate action, Zhen Ding successfully reduced carbon emissions by 600,000 tons in 2023 through process energy efficiency improvements, in-house solar energy installations, and the purchase of renewable electricity. In terms of supply chain management, the company enhanced its supply chain’s environmental performance by selecting green supply chain partners and organizing a Green Supply Chain Forum to launch eco-friendly initiatives. Additionally, Zhen Ding collaborated with suppliers and customers to promote the use of recycled metals and developed innovative green products and low-carbon solutions.
Zhen Ding regularly conducts human rights risk assessments, performs human rights due diligence, establishes mitigation and remediation measures, and carries out internal evaluations and external audits to safeguard and uphold employee rights. The company is also committed to fostering a diverse and inclusive workplace, prioritizing gender equality, human rights protection, and talent development. These efforts earned Zhen Ding a score of over 90 points in the human rights category.
The S&P Global Corporate Sustainability Assessment (CSA) evaluates the ESG performance of over 13,000 companies worldwide. The CSA helps companies identify their environmental and social impacts, promoting greater transparency and accountability. Outstanding performance in the CSA can attract investors and boost market competitiveness. As sustainability becomes increasingly vital, the CSA has emerged as a key benchmark for driving corporate sustainability efforts. As a company committed to sustainability, Zhen Ding will continue to advance comprehensive initiatives in environmental, social, and corporate governance areas.
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