Recently, Zhangjiakou Financial Holding Group (hereinafter referred to as Zhangjiakou Financial Holdings) holding company is a first-class global automotive suspension and braking system manufacturerBWI GroupThe announcement that the ESG strategy will promote the sustainable development of the company, improve the performance of the company in terms of environmental protection, social and governance, enhance the competitiveness of the company, lay the foundation for long-term development, and move forward steadily on the road of sustainable development.
ESG, which stands for Environmental, Social and Governance (ESG), serves as a framework that will help stakeholders understand how organizations manage risks and opportunities related to environmental, social and governance. ESG fully combines the characteristics of enterprise operation, and from the perspective of the market, it puts forward more comprehensive and strict regulatory requirements for the sustainable development of enterprises.
In terms of the environment,BWI Group will be committed to environmental protection, pay attention to the impact on the environment in the process of production and operation, take the initiative to assume environmental protection responsibilities, pay attention to energy conservation and emission reduction, reduce resource consumption, promote green production, reduce environmental pollution, and help achieve the "double carbon" goal.
This was previously announced by BWI Group in November 2023 at the commissioning ceremony of the Zhangjiakou production siteSustainable Development Goal - Achieve carbon neutrality in factory operations by 2027 with 100% renewable energy for manufacturingAt the same time, we strive to achieve net-zero greenhouse gas emissions in the first chain by 2050.
"As a key link in the automotive industry's upstream value chain, BWI Group is committed to corporate citizenship and will take concrete steps to help our customers achieve their carbon emissions goals across all of our global operations," said Jieliang Cheng, Director and Global Chief Executive Officer of BWI Group. To this end, BWI Group has developed a series of carbon neutrality action plans to promote the sustainable development of our customers around the world. The first step of the action plan is to use 100% renewable energy to power all BWI manufacturing facilities by 2027 and achieve carbon neutrality in all manufacturing operations in the same yearThe second step is to remove emissions from all 7 GHGs from production and chain activities to achieve net-zero GHG emissions by 2050. BWI Group is committed to the United Nations Global Sustainable Development Goals. BWI has also established a Sustainability Committee and appointed a Global Sustainability Director who is accountable for climate strategic action across eight areas. In addition,BWI's sustainability program also introduces a number of globally used audits and reports to measure progress towards the Group's sustainability goals. These include the Science Based Emissions Initiative (SBTI), the Carbon Disclosure Project (CDP), and NQC (SAQ5.).0), EcoVadis Corporate Social Responsibility Ratings, Responsible Business Alliance (RBA), Responsible Minerals Initiative (RMI) and Conflict Minerals Reporting Template (CMRT) and other globally recognized carbon reduction schemes. 
As an active part of BWI's sustainability strategy, BWI's Zhangjiakou manufacturing site, which is the largest in the region, will take the lead in reducing carbon emissions by leveraging the abundance of green energy in the region and ensuring that 100% renewable energy will be used by 2027.
The Zhangjiakou production base has been optimized for intelligent assembly and green building standards from blueprint to construction process, and is equipped with various energy-saving and environmental protection facilities, such as rooftop photovoltaic power generation, solar water heating system and LED energy-saving lamps in the workshop. It is expected that when the plant is fully completed, the entire rooftop photovoltaic area will reach 22,000 square meters. The total installed capacity is about 2 MW,Nearly 2 million kWh of green electricity will be generated every year, and rooftop PV alone will directly reduce CO2 emissions by about 1,200 tons per year.
As early as 2019, the Fangshan production base of Jingxi Group completed a 1,500 kV rooftop photovoltaic power generation project, with an average green power generation of about 1,200 MWh, and a total power generation of 4,150 MWh, which is expected to be reduced by about 180,000 tons of carbon dioxide emissions have greatly accelerated the sustainable development of the group.
From a holistic perspective, sustainable development is not only limited to environmental issues, but also puts forward higher requirements and standards from both social and governance aspects. Adhering to the corporate vision, mission and valuesBWI Group and its business partners are committed to conducting business with integrity in all aspects of their business, calling on employees and businesses to comply with the principles and rights advocated by the United Nations Global Compact and the International Labour Organization Declaration on Fundamental Principles and Rights at Work, and to align their human rights due diligence processes with the United Nations Guiding Principles on Business and Human Rights to promote healthy and sustainable business development.
In terms of corporate governance,BWI Group implements a monitoring and compliance governance strategy to conduct business with the utmost integrity, upholding the legal principles of the regions in which it operates, and avoiding acts or relationships that conflict with job responsibilities or the interests of the Group. At the same time,BWI Group has strengthened its internal controls and requires employees and all business partners throughout the value chain to comply with the law, particularly in the areas of corruption and fraud prevention, antitrust matters, tax regulations, data protection and privacy, and export controls.
Adhering to the principle of "providing safe, comfortable, intelligent and sustainable mobility solutions", BWI Group is committed to achieving carbon neutrality in its production and operations through the creation of green factories, which not only demonstrates a positive attitude towards environmental protection and social responsibility, but also sets an example of sustainable development with practical actions. In the future,As BWI Group decarbonizes and creates sustainable development, it will further enhance its resilience to environmental and social challenges, and continue to strive for growth opportunities and market recognition.