On May 13th, Fortune China officially released the 2024 Fortune China ESG Impact List, and Tianqi Lithium was selected for its superior ESG governance level. Over 200 companies from a wide range of industries, including new energy, manufacturing, internet, finance, and health, applied for this year's list, and ultimately, 100 Chinese and foreign companies made the cut. These companies have made outstanding efforts in improving the environment, protecting employees, and supporting communities, achieving sustainable and inclusive growth through economic cycles and earning market respect.
Fortune China ESG Impact List
Fortune magazine compiled its first China ESG list in 2022, open to both listed and unlisted companies, aiming to encourage more Chinese companies to collect and disclose high-quality ESG data. Companies were required to answer qualitative and quantitative questions related to the environment, society, and corporate governance through a questionnaire. The compilation of the list also took into account the companies' performance in the Refinitiv database, a financial market data provider under the London Stock Exchange Group.
Looking globally, accelerating the green and low-carbon transformation of energy has become a common pursuit of countries worldwide, and promoting the optimization and upgrading of industrial systems towards low-carbon and green development has also become a broad consensus across industries. As a lithium-focused new energy material company, Tianqi Lithium has always adhered to the business philosophy of "economic interests never override safety and environmental protection." While promoting high-quality development, the company has steadily improved its innovation capabilities and ESG governance level, continuously exploring sustainable business models in the new era, and injecting "Tianqi momentum" into global sustainable development.
On May 1st, 2024, Tianqi Lithium released its 2023 Sustainable Development Report. In 2023, Tianqi Lithium deeply integrated the responsibility concept of "changing the world with lithium" into its overall development strategy and implemented it throughout the daily operation and management process. By building and continuously optimizing a clear, coordinated, unified, and professional ESG governance structure and execution system, the company strengthened the implementation of ESG actions, comprehensively improved its ESG performance, and promoted the continuous enhancement of corporate value and global influence.
Under sustainable development governance, the company has taken on a new look
In terms of governance, Tianqi Lithium has integrated sustainable development concepts into its operational management and strategic planning, continuously improving its corporate governance practices and building a compliant governance system with Tianqi characteristics. In 2023, the coverage rate of ESG indicators linked to executive compensation performance at Tianqi Lithium reached 100%.
Adhering to its original aspiration, Tianqi Lithium fulfills its green mission at the starting point of "lithium dreams."
In terms of environmental governance, Tianqi Lithium upholds the concept of harmonious coexistence between humans and nature, continuously utilizing value chain thinking to promote environmental management level improvement, strengthening natural resource management with a sound environmental management system, and actively responding to climate change with a responsible attitude. In 2023, Tianqi Lithium compiled and released the "White Paper on the Sustainable Lithium Industry in a Net Zero Emissions Future” and the company's greenhouse gas emission reduction targets.
Building a modern employee building, dreaming between technology and care
In terms of social and cultural aspects, Tianqi Lithium has always adhered to the people-oriented concept, continuously strengthening the construction of an occupational health and safety management system, and striving to provide employees with a harmonious, equal, inclusive, and safe working environment. In 2023, Tianqi Lithium carefully crafted a modern headquarters building on the south bank of Xinglong Lake in the Science and Technology City of Tianfu New Area, Chengdu, Sichuan Province. The world's first Li Science Museum officially opened, representing not only our pursuit of technological progress but also a deep expression of care and respect for our employees.
In today's global environment where challenges and opportunities coexist, Tianqi Lithium is committed to enhancing long-term resilience to better navigate the future and drive growth. The company will base itself on the new development stage, comprehensively, accurately, and thoroughly implement the new development concept, focus on the lithium industry, and contribute "Tianqi strength" to promoting global energy transformation.
