Managing Environmental Impacts
Supply Chain Traceability
Sustainability Report
Corporate Policies
Corporate Social Responsibility (CSR)
Managing Environmental Impacts
AAC Technologies continues to make efforts and achieve sustained progress in mitigating environmental impacts through progressive improvements in decarbonization, resource efficiency and waste management, as well as through the adoption of cleaner production technologies in operations.
China has announced its plan to achieve carbon neutrality by 2060. It is expected that policies and regulations related to carbon emissions will become increasingly stringent in the future. In line with our commitment to minimizing the environmental impacts of the Group's business activities, the Group has established a comprehensive Climate Change Policy. More commitments and targets will be updated in the near future.
Decarbonization
Short term target:
By 2028, the Group plans to achieve its SBTi greenhouse gas emission reduction target
By 2030, 60% of group factories will install solar panels
By 2030, reduce Scope 2 greenhouse gas emission at group level by 10% compared to a 2023 baseline
Medium to Long term:
Explore opportunity to be in line with China’s carbon peak by 2030, carbon neutrality by 2060, and the EU’s net-zero goal by 2050.
Water
The Group will continuously explore the use of reclaimed water and reusable water solutions in factories.
Multi-dimensional Supplier Evaluation System
Big Data and Automated Traceability Assessment
Environment, labour, human rights and social prosperity are increasingly important to the public. In order to implement comprehensive sustainable management, we are committed to promoting sustainability through our supply chain. We will evaluate suppliers on three dimensions: quality, environmental and society.
Quality
- ISO 9001 Quality Management System, including for automotive products, IATF 16949 certification
- Product quality
- Technical and processing ability
- Production capacity and equipment
Environmental
- Environmental management system (aligned with ISO certification)
- Energy management
- Air emissions and waste management
- Chemical management (including VOC)
- Fire and emergency management
Society
- Human rights
- Labour practices
- Health and safety
- Conflict minerals management
Regulatory compliance: PRC Tort Liability, PRC Patent Law, PRC Intellectual Property Protection, Cyber security Law, EU Date Protection Regulations.
Sustainability Policy
Business Ethics
Labour Policy
Environmental Policy
Climate Change Policy
(Adopted by the Board of Directors on March 23, 2016)
AAC Technologies Holdings Inc. (the "Company" or "AAC Technologies", together with its subsidiaries collectively referred to as the "Group") adheres to the corporate social responsibility policy of "putting people first, complying with regulations, making continuous improvements and giving back to society."
AAC Technologies defines sustainability as:
A commitment to building a strong and successful company for the future while minimizing negative environmental and social impacts and sharing long-term value with stakeholders.
In making all our business decisions, we consider both sustainability and society and community, to ensure that all decisions are made with an understanding of their social, environmental and economic impacts and are in line with AAC Technologies values of "safety first, scientific management and steady development."
Committed to the principle of stakeholder engagement, we strive to identify and respond to stakeholder concerns, in order to strike a balance between economic development and environmental and social responsibility.
Our sustainability goals:
We focus on three major areas: environment, talents and society.
We adhere to the following principles in implementing sustainability:
1. Ensure that the highest standards for good corporate governance, transparency and integrity are maintained.
2. Ensure a respectful, harmonious and safe working environment for our employees and encourage them to grow together with the Group.
3. Promote green environmental practices in all regions and fields where we operate.
4. Contribute to communities in regions where we operate, and participate in or sponsor good causes and charitable acts in return for the support of the communities to the Group.
5. Influence our supply chain and share our belief in corporate sustainability.
6. Continuously improve our performance on sustainability through monitoring and reporting.
This sustainability policy should be communicated to the stakeholders of AAC Technologies, including but not limited to the Company's employees, shareholders, suppliers, business partners and customers, and made available to the public, including public investors.
Corporate Social Responsibility (CSR)
AAC Technologies has always been keen to contribute to economic and social development in communities where we operate.
- Since 2021, we donated over RMB1 million each year to support the disadvantaged in education, medical services and poverty from various communities in China, including Changzhou, Nanning and Kunshan.
- In 2023, we received “Outstanding Contribution Award” from Changzhou Government for recognition of continuous human resources enhancement efforts, including training and career development initiatives.
