Recently, Lyon Securities released a report on the prospects of the ESG market in China, revealing the top ten A/H-share companies in ESG scores, including AAC Technologies, BYD, SF Express, Nongfu Spring, covering the fields of technology, fast-moving consumer goods, autos, etc.
It is worth noting that AAC Technologies is the only tech enterprise that made it into the H-share in the list.
Publicly available information shows that AAC is a global leader in perception experience solutions, with strong comprehensive competitiveness in the fields of acoustics, optics, haptics, sensors, semiconductors, precision structural components, etc. Its products are widely applied in the field of human-computer interaction such as smartphones, smart automobiles, AR/VR, smart clothing, and smart homes.
AAC Technologies shows outstanding performance in sustainable development and corporate governance, is a member of the FTSE4Good (FTSE Social Responsibility) index, rated A-level in MSCI ESG rating, and rated by Morningstar Sustainalytics as "low ESG risk", and was awarded the Best Corporate Governance and ESG Grand Award of HKICPA's 2023 Best Enterprise Governance and ESG Awards, and Honorable Mention for Best GRI Report at the Hong Kong ESG Reporting Awards.
This year marks the 20th anniversary of the concept of ESG (Environment, Social and Governance) proposed by the United Nations Global Compact. The ESG concept is consistent with China's new development concept, the "dual carbon" target vision, and the direction of ecological civilization construction, and is increasingly becoming a "hard criterion" for promoting companies to implement long-termism and sustainable development. More and more Chinese companies are actively integrating ESG concepts into their core strategies and business operations, playing a role in the field of global sustainable development.
According to information, AAC Technologies has launched multiple projects to improve energy efficiency and support sustainable development. Safety first, scientific management, and sustainable development are the core values of every business decision at AAC Technologies. The company not only focuses on corporate operations, but also strives to achieve a balance in economic performance, environmental management, and corporate social responsibility, and regularly reviews the correlations among these core values.
In terms of managing environmental impact, AAC Technologies has continuously made efforts and achieved sustained progress in reducing environmental impact by gradually improving resource utilization efficiency and waste management, and adopting clean production technologies in business operations, with its overall utilization rate of renewable energy in 2023 exceeding that of 2022 by more than 67%.
It is reported that Lyon Securities has incorporated ESG factors into investors' investment decisions, providing sustainable development insights to investors. Its Sustainable Asia research team provides in-depth insights into the core corporate governance, environmental and social issues in Asia, providing the necessary information for global asset managers to incorporate ESG into their investment mandates.