HONG KONG SAR - Media OutReach Newswire - 22 October 2024 - On September 26th, Luxshare Precision was recognized on the Forbes 2024 China ESG 50 list, standing out from thousands of Chinese companies listed at home and abroad, reflecting its commitment to sustainable development and innovation in ESG practices. Just a month before, on August 5th, the 2024 Fortune Global 500 rankings were unveiled, and the company has once again secured its place among the world’s largest corporations, marking its second consecutive year on this prestigious list.
Leading ESG Practices: Forbes 2024 China ESG 50
Luxshare Precision’s inclusion in the Forbes 2024 China ESG 50 list once again reflects its dedication to integrating sustainability into its core strategy. The Forbes China ESG evaluation emphasizes companies that successfully combine ESG principles with their main business operations, offering models of best practices for other Chinese firms.
The company has implemented a three-level sustainability governance structure to ensure the effective execution of its ESG commitments, integrating the principle of green operations into its production and operational activities. It is also steadfastly advancing energy conservation, emission reduction, and resource recycling actions. Moreover, by prioritizing clean technology R&D and commercialization with more than RMB 300 million invested in the R&D of green products and clean technology, Luxshare Precision is playing a key role in driving the green transformation of the industry.
On the social front, Luxshare Precision fosters a diverse, inclusive, and supportive workplace environment. By safeguarding employees’ rights and providing comprehensive training, competitive compensation, and a robust performance evaluation system, the company ensures that its workforce shares in its growth and success.
The Global Recognition: Fortune Global 500
The Fortune Global 500 list is widely regarded as the authoritative benchmark for measuring the scale and competitiveness of large companies worldwide. This recognition evaluates the company's operational scale, revenue-generating capabilities, market influence, and strategic role within the industry.
Before its inclusion in the Fortune Global 500, Luxshare Precision had been a regular on the Fortune China 500 list for nine consecutive years. This consistent recognition highlights the company’s strong performance in the Chinese market and its growing influence on the global stage.
Its rise from being a consistent performer on the Fortune China 500 list to gaining a global presence for the second time signals its ability to compete internationally. As a key supplier to major global tech giants, including Apple and Amazon, Luxshare Precision has cemented its reputation as a leader in high-tech manufacturing.
What These Achievements Reveal
The dual recognition of Luxshare Precision on both Forbes 2024 China ESG 50 lists and the Fortune Global 500 demonstrates a powerful alignment between financial success and sustainable business practices. These honors show that the company is not only a leader in technology manufacturing but also in adopting ESG principles that are increasingly important in today’s business landscape.
In an era where companies are expected to contribute to environmental protection and social responsibility, Luxshare Precision stands out for its ability in financial growth and sustainable development. Its commitment to green technologies, employee well-being, and ethical governance sets an example for the industry. These recognitions underline its strategic foresight and ability to thrive while contributing positively to society.
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source: Luxshare Precision
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