Wuxi BYD New Energy 5-ton Electric Forklift

Wuxi BYD New Energy 5-ton Electric Forklift
Jiangsu BYD Electric Forklift General Agent: 158 5280 5975 Manager Zhu
Releases 2024 ESG Report, Continuously Deepening Sustainable Development Practices
Recently, the "2024 Environmental, Social, and Governance (ESG) Report" was released. Anchored to the ESG mission of "Gathering to Enhance a Sustainable Industrial Future," the report systematically discloses the company's strategic planning, dynamic practices, and solid commitments in the fields of environment, society, and governance (ESG).
2024 was a year of striving to focus on core responsibilities and accelerate innovation, as well as a foundational year for systematically building an ESG strategic management and practice system with industry characteristics. As a leading enterprise in China's industrial vehicle industry, the company steadily advanced the sustainable development "BOOST" strategy, comprehensively deepened ESG management, and continuously improved ESG performance. Its annual Wind ESG rating jumped from BBB to A, and it was successively selected for the "Double Top 100" in China's Listed Companies Value Selection and listed on the "State-Owned Enterprise Listed Companies ESG·Pioneer 100 Index (2024)," actively contributing wisdom and strength to economic prosperity, environmental sustainability, and social equity. The report shows that, with technological innovation at its core, the company achieved significant results in corporate governance optimization, green and low-carbon development, and social responsibility fulfillment.
Harnessing the Power of Integrity
Strengthening the "Ballast Stone" of Governance, Building a Trustworthy Enterprise
Focusing on improving the modern enterprise system with Chinese characteristics, the company comprehensively strengthened the functions of the board of directors, enhanced compliance and internal control management, fortified the "three lines of defense" for risk and compliance, and deepened the construction of a clean and honest Party culture, continuously advancing the "three non-corrupt" mechanism to create a clean and upright environment for entrepreneurship. As the only state-owned enterprise grassroots contact point for reform in Anhui Province, the company continued to promote the deep integration of risk control, internal control, and compliance management in 2024, thoroughly implemented actions to deepen state-owned enterprise reform, and its plan to create a world-class professional leading demonstration enterprise received a national "A+" rating. Meanwhile, Yufeng Intelligent successfully joined the "Sci-Tech Reform Demonstration Enterprises," making the company one of the provincial enterprises with "dual Sci-Tech reform" qualifications.
Harnessing the Power of Innovation
Polishing the Green "New Name Card," Forging Masterful Products
Adhering to the core values of "people-oriented, repaying society with high-quality products," the company drove development through the dual wheels of excellent products and high-quality services, continuously forging fine products. In 2024, the company comprehensively carried out major quality construction, with ISO 9001 quality management system certifications for all operational locations valid, and multiple products received international quality certification certificates. The company accelerated the construction of an innovation system encompassing "basic research + technological breakthroughs +成果转化," with R&D investment accounting for over 6% of the annual total. The counterbalanced AGV won the U.S. International Design Excellence Awards (IDEA) Silver Award, successfully delivered the world's largest 55-ton lithium battery forklift, and achieved full-series electrification of heavy-duty products, with the company's product electrification rate exceeding 65%. As a leader, the company continued to deepen standard innovation, leading or participating in 17 international and domestic standard formulation and revision projects in 2024, successfully promoted system implementation, and was honored on Anhui Province's Top 100 Invention List. In the field of responsible supply chain construction, the company formulated the "Supplier Management Measures" and "Supplier Code of Conduct," using ESG management to enhance suppliers' sustainable management levels and jointly build a new ecosystem for sustainable development in China's industrial vehicle industry.
Harnessing the Power of Employees
Writing the "Care Chapter" of Humanity, Building a Harmonious Team
Upholding the humanistic concept of "putting strivers first," the company continuously optimized the talent management system and incentive mechanisms, striving to broaden employee growth channels. In all operational locations worldwide, the company actively advocated for diversity and localization, fully respecting and integrating into local cultural customs, and committed to building a more open and inclusive working environment. Throughout the year, the company invested a total of 5.4633 million yuan in employee training and development, with each employee receiving an average of 22.03 hours of training. At the same time, it further strengthened safety production responsibilities, carried out fundamental safety production improvements and healthy enterprise construction, and accelerated the modernization of the safety production governance system and capabilities. A total of 9.0964 million yuan was invested in employee occupational health and safety throughout the year, and the company was awarded the title of "Hefei Healthy Enterprise."
Harnessing the Power of Ecology
Weaving a Responsible "Ecological Network," Building a Sustainable Enterprise
Actively responding to the national "dual carbon" strategy, the company oriented towards green transformation and strived to be a leader in low-carbon initiatives. In 2024, the company launched the "Three-Year Action for Environmental Compliance Management Enhancement," optimized the management of three waste emissions, successfully completed the annual energy conservation and emission reduction tasks, and achieved the five-year environmental goals ahead of schedule. The company continued to expand green electricity trading and build photovoltaic power stations, with cumulative green electricity procurement reaching 48.003 million kWh during the reporting period, photovoltaic power station construction capacity exceeding 20 MWh, and annual photovoltaic power generation reaching 18.8813 million kWh, effectively reducing greenhouse gas emissions by a total of 43,000 tCO2, equivalent to planting approximately 2.35 million trees.
Harnessing the Power of Society
Drawing a "Concentric Circle" of Development, Building a Prosperous Home
Vigorously promoting the volunteer spirit of "dedication, friendship, mutual assistance, and progress," the company took serving society as its responsibility and strived to be a model in public welfare. The company actively engaged in public welfare and charity, adopting the model of "helping through sales + supporting through purchases" to assist rural revitalization, with a total investment of 5.5606 million yuan in rural revitalization and public welfare donation projects throughout the year. It actively organized diverse volunteer activities, such as Anhui Province model workers entering workshops to give talks, "Learning from Lei Feng at Posts, Striving to Be Good Employees," and new student registration, widely promoting the spirit of volunteer service and extending this spirit to overseas operational locations, enthusiastically participating in local community volunteer activities. The company deepened its strategic cooperation with the Chinese National Weightlifting Team, held a special report on "Inheriting the Olympic Spirit," and actively sponsored overseas sports events, helping to build a social community that is healthier, more vibrant, and warmer.
A group of people, a lifetime, doing one thing well
Standing at a new starting point, the company will be guided by the thought on socialism with Chinese characteristics for a new era, drive green transformation through technological innovation, shape the global value chain with a responsible ecology, and set a new trend in governance exemplars, determined to build a world-class enterprise with global influence and competitiveness, playing the strong note of the era to "make the world a better place," and jointly creating a better and more sustainable future!
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