Tianqi Lithium was honored with the 2024 Hong Kong ESG Reporting Awards (HERA) “Outstanding ESG Improvement Award,” recognizing the company’s significant advancements in environmental, social, and governance (ESG) areas. This award further highlights Tianqi’s unwavering commitment to sustainable development and green transformation.
A prestigious award recognizing meaningful progress
As a premier award in Hong Kong’s corporate sustainability field, the Hong Kong ESG Reporting Awards (HERA) has been held successfully for seven years, receiving support from notable entities such as Invest Hong Kong, the Environment and Ecology Bureau, and the Financial Services Development Council. HERA has also been awarded a certificate of honor by the United Nations Conference on Trade and Development (UNCTAD), underscoring its significant role in advancing sustainable development. This year’s recipients of the Hong Kong ESG Reporting Awards include prominent companies and institutions like Budweiser APAC, Pacific Basin Shipping, HKR International, CLP Group, and Bank of Communications (Hong Kong).
The “Outstanding ESG Improvement Award” is designed to recognize companies making significant progress and demonstrating innovative achievements in environmental, social, and governance (ESG) practices. Tianqi Lithium’s receipt of this award reflects the company’s marked advancements in sustainable development and ESG governance, as well as the industry’s high regard for Tianqi’s efforts in driving green transformation, fostering innovation, and upholding corporate social responsibility.
Be a driving force for sustainable development, changing the world with lithium.
Tianqi Lithium remains committed to the principle that “economic interests should never outweigh safety and environmental protection.” The company firmly upholds ESG principles, deeply embedding the responsibility of "creating a lithium-powered future together" into its development strategy. Tianqi continually enhances its innovation capabilities and ESG governance, actively exploring sustainable business models that align with the demands of the new era.
Sustainable Compensation and Performance
Tianqi has continuously optimized its corporate governance structure by linking executive compensation to various environmental, social, and governance (ESG) performance indicators. This has resulted in 100% of executive pay being tied to ESG performance, effectively incentivizing the management team to advance ESG initiatives.
Completion of China’s First Sustainability-Linked Loan in the Lithium Industry
Tianqi is steadily advancing green financing and seizing opportunities for sustainable growth. The company, in partnership with a syndicate led by Standard Chartered Bank (China) Limited and BNP Paribas, successfully issued a three-year, USD 400 million sustainability-linked syndicated loan.
Implementing a Responsible Investment Philosophy
Tianqi has consistently adhered to a long-term, responsible investment philosophy, focused on fostering local value chain development in both domestic and international investments. The company incorporates ESG due diligence as a key component of its investment decision-making process. In addition to evaluating the economic viability of projects, Tianqi carefully assesses their environmental and social impacts, while also assisting in the implementation of improvement plans.
Integration of Climate Risk Management into Strategic Planning
Tianqi continues to integrate climate risk management into its strategic planning. The company regularly identifies potential climate-related risks and opportunities for its core business, referencing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). This approach enhances Tianqi’s resilience across various potential climate scenarios.
Tianqi Lithium’s efforts across various fields demonstrate a deep alignment with the United Nations Sustainable Development Goals. This not only accelerates the company’s sustainable development journey but also contributes to global energy transition and environmental protection. The recognition of the Outstanding ESG Improvement Award at the Hong Kong ESG Reporting Awards underscores Tianqi's exceptional achievements in these areas.
Tianqi Lithium Kwinana Plant WA’s Family Day
Tianqi Australia's subsidiary, Talison Lithium, is located in Greenbushes, which has been recognized twice with the "Tidy Towns - Sustainable Community Award" in Western Australia.
Tianqi Lithium has built the world's first "Li Science Museum" in Chengdu
The "New Energy Talents" Program initiated by Tianqi Lithium promotes cultural exchange and research collaboration between the two countries.
