A few days ago, Buycar learned that Chery Automobile Co., Ltd. (hereinafter referred to as the "Company") released the 2023 Environmental, Social and Corporate Governance (ESG) Report (hereinafter referred to as the "Report"), which is also the first ESG report released by the Company. Based on the current international mainstream sustainability standards and guidelines, the report systematically sorts out and fully demonstrates Chery Automobile's efforts and achievements in implementing the concept of ESG sustainable development in 2023.
Since its establishment, Chery Automobile has always been committed to helping users create a more wonderful life with safer, more energy-saving, more environmentally friendly, smarter and more convenient automotive products and services. On the basis of realizing its own development, it also creates comprehensive economic, social, and environmental values for the majority of stakeholders. Under the trend of global sustainable development, ESG has become a yardstick to measure the long-term value of enterprises, and Chery Automobile adheres to the corporate vision of "building an excellent brand with ingenuity", firmly adheres to the path of sustainable development, and steadily moves towards the long-term goal of "building a world-class green and intelligent mobility technology company". Focusing on the five aspects of "Excellence in Management", "Innovation Driven", "Quality First", "Good for Nature" and "Striving for Beauty", the report respectively demonstrates Chery Automobile's performance of responsibilities in key areas such as standardizing corporate governance, leading innovation and development, adhering to user value, protecting the ecological environment, and fulfilling social responsibilities, reflecting the company's positive contributions to the implementation of ESG concepts, and also highlighting the company's rapid progress and significant development in ESG management.
Innovate and make breakthroughs to accelerate ESG construction. The company adheres to long-termism, fully integrates ESG into the company's strategy and governance system, and builds a multi-level sustainable development governance structure. Through the innovative construction of a matrix ESG management long-term mechanism, we will promote concept change, strategy renewal and management reshaping from top to bottom, promote the integration of ESG management and business from a strategic height, and strengthen our determination to transform to sustainable development. Focusing on the most pressing sustainable development issues in the world, the company identifies risks and opportunities related to climate change, continuously strengthens its attention to climate-related issues, and comprehensively initiates carbon reduction management across the entire value chain. In 2023, the company promoted carbon inventory and product carbon footprint management, and completed the carbon footprint accounting of 72 automotive versions; Focusing on low-carbon products, we released a new strategy in the field of new energy, built a new brand matrix with "Chery, Xingtu, Jietu and iCAR" as the core, and launched 135 new technologies in the field of new energy; Actively promote cleaner production, deploy the construction of renewable energy, and disclose Scope 1 and Scope 2 carbon emission data for the first time, laying the foundation for carbon reduction in the whole life cycle of automobiles.