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Consecutive Wins of Social Responsibility Vanguard Enterprise Award and ESG Innovation Practice List – What Has Tianqi Lithium Done Right in ESG?
Author:admin Time:2023-12-29 Source :tianqilithium Font Size:big middle small

On December 27, the "2023 Finance Association Enterprise ESG Forum and 'ESG Impact 50 People Forum' Launch Ceremony," organized by Finance Association and the China Environmental Protection Federation, and hosted by the Finance Association Political and Economic Research Institute and the China Environmental Protection Federation ESG Special Committee, was held in Beijing. Tianqi Lithium Industry Co., Ltd. (hereinafter referred to as "Tianqi Lithium") stood out for its outstanding performance in environmental protection, social responsibility, and corporate governance, earning the "Social Responsibility Vanguard Enterprise Award."

Simultaneously, the results of the "2023 New Growth Annual List" initiated by the Chinese version of the Harvard Business Review were unveiled. Tianqi Lithium successfully made it onto the "2023 China New Growth ESG Innovation Practice List." The Harvard Business Review Chinese edition's "New Growth Annual List" selection has been held for six years.

This selection, based on growth practices and real business performance, identifies business figures and enterprises with growth capabilities and influence. The "2023 China New Growth ESG Innovation Practice List" is based on companies' practices in areas such as "dual carbon," actively exploring typical enterprises that adhere to the future-oriented concept of green growth. Harvard Business Review (HBR), established in 1922, is a landmark magazine of Harvard Business School, globally acclaimed as the "management bible."

Consecutive Wins of Social Responsibility Vanguard Enterprise Award, ESG Innovation Practice List – What Has Tianqi Lithium Done Right in ESG?

1. **Integration of ESG with Company Business, Building Sustainable Competitiveness:** Tianqi Lithium has established a clear, hierarchical ESG governance framework, with the Board of Directors as the highest responsible body. It has set up the ESG and Sustainable Development Committee, coordinated by the ESG and Sustainable Development Department, and implemented the ESG BP mechanism. The company has linked executive compensation to ESG indicators, ensuring a high degree of integration between ESG principles and production operations. Additionally, a collaborative working mechanism has been established between the headquarters' ESG and Sustainable Development Department and the overseas Quinana production base, promoting information sharing through regular communication and collaborative development of sustainable development plans and exchanging trends in overseas market ESG hotspots.

2. **Collaborative Efforts Across the Value Chain to Achieve Net Zero Emissions:** In terms of environmental management, Tianqi Lithium bases its actions on China's development goals for 2030 ("carbon peak") and 2060 ("carbon neutrality"). The company actively undertakes actions to address climate change, progressively advancing the setting of relevant indicators and targets. It is the first in the lithium battery industry to release the "White Paper on Sustainable Lithium Industry under Net Zero Emissions Targets." This "White Paper," the world's first carbon white paper in the lithium battery industry, adheres to the "Co-create Lithium Dreams - Net Zero Initiative," inviting value chain members to strive for net zero emissions by 2050. The document outlines key strategies to achieve net zero emissions throughout the entire industry chain.

3. **Diversification of ESG Implementation Scenarios:** As a global advocate for sustainable development, Tianqi Lithium has organized diverse ESG-themed activities, made impactful statements at international ESG forums, and strengthened multilateral cooperation in the ESG field. In 2023, the company's various social responsibility activities reached multiple locations worldwide. In September, Tianqi Lithium's original sand animation film, "We Share," won the Sustainable Enterprise Culture Film Award at the Odyssey Film Festival. In October, the company collaborated with the Chilean government, universities, and businesses to host the China-Chile Economic and Trade Forum, engaging in dialogue on challenging issues related to sustainable development in Sino-Chilean economic and trade relations. In November, Tianqi Lithium, together with Chilean universities, organized the "Lithium Dreams Sino-Chile Study Abroad Project," inviting 20 Chilean students for a learning exchange in China. The inaugural event ignited the enthusiasm of Chilean students to build a sustainable future. Mr. Niu Qingbao, Ambassador of the Chinese Embassy in Chile, praised the study abroad program as a valuable bridge for professional talent exchange between China and Chile. In December, Tianqi Lithium actively participated in the 28th United Nations Climate Change Conference (COP28), sharing its experiences and calling for value chain members to collectively achieve net zero goals during the conference.

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