On 21st March, "2024 Zhejiang Private Enterprise Social Responsibility and Zhejiang Business ESG Seminar" was held in Hangzhou. People in charge of relevant units of the state, province and city, enterprise representatives and experts in the field of ESG gathered together to have an in-depth discussion on the social responsibility of private enterprises.

At the meeting, Zhejiang Federation of Industry and Commerce released "Social Responsibility Report of Zhejiang Private Enterprises (2023)" and excellent cases of social responsibility. Huayou Cobalt was rated as a leading enterprise in social responsibility of private enterprises in Zhejiang in 2023, and its case "For the world of business, every drop moistens the party" was selected in "Social Responsibility of Private Enterprises in Zhejiang (2023)", which is the first case in Jiaxing City.

▲Li Zhongning, Head of ESG & Sustainability Department of the Group (Picture 1 is the first from the right and Picture 2 is the first from the left), received the award on behalf of the company on the stage.

Low Carbon Environmental Protection and Green Development

Huayou Cobalt has always adhered to the development concept of "Innovation, Coordination, Openness, Green and Sharing", and has vigorously implemented the transformation strategy of "Low Carbon, Green and Sustainable", and taken the lead in creating "Zero Carbon" factories in the industry. Chengdu Bamo, Quzhou Huayou Resource Recycling, Jiangsu Huayou Energy and Huayou New Energy Technology have become the world's first "zero-carbon" cathode material factory, "zero-carbon" resource recycling factory, "zero-carbon" power battery cascade utilisation factory, and  "zero-carbon" precursor factory, respectively. The company participated in the global CDP climate change questionnaire information disclosure, and won the "B" rating (the global industry average B- grade), establishing a "low-carbon, green and sustainable" corporate image, and enhancing the competitiveness of the enterprise in the industry.

In the future, Huayou will continue to build "zero-carbon" factories and "zero-carbon" parks, carry out green design, strengthen green manufacturing and create green factories. Huayou will strengthen the supply chain due diligence management of cobalt, nickel, lithium and other resources, and build a green supply chain. Huayou will build an ESG management system, strengthen compliance, build a clean enterprise, fully fulfil our social responsibilities, and enhance our sustainable development capability.

Caring for our staff by putting people first

Huayou Cobalt respects talents, implements the concept of priority development of talents, and integrates global talent resources; for employees to achieve growth, it protects the rights and interests of employees to the maximum extent through fair employment process, perfect employee development system, generous employee benefits, open communication channels and scientific safety management, so as to achieve a win-win situation for both the employees and the enterprise.

Through the establishment of a talent development mechanism, the establishment of a management academy, the establishment of a training system, the development of training courses, all-round assistance to the growth of employees.

▲Huayou Cobalt Indonesia "Industry-Academia-Research Linkage" Strategic Summit and Signing of Huayou Indonesia Local Talent Cultivation Cooperation Project

With the "talent chain" to help the "industry chain" and "innovation chain" to integrate and develop, Huayou continues to contribute to the progress of the industry and the economic and social development of the investment location. Huayou joins hands with 13 schools, including UGM and Bandung Polytechnic, to cultivate talents at all levels. Huayou jointly cultivates postgraduate students with Indonesia's Ministry of Maritime and Investment Affairs and Northeastern University of China, undergraduate students with Gadjah Mada University and Bandung Polytechnic University, tertiary students with Ujung Bandung Polytechnic, and annually goes to more than 10 Indonesian universities to recruit local university students, such as Hassanuddin University and Surabaya Polytechnic University.

Accountability and Transparency Green Supply Chain

Huayou Cobalt is committed to promoting green development and building a sustainable and transparent supply chain. President Chen Hongliang participated in the 2023 International Forum on Sustainable Mineral Supply Chain and released the Joint Action Initiative for High-Quality Development of Critical Mineral Supply Chain on behalf of RCI, calling for more attention to the source, and for the industry's upstream and downstream to work together to form a synergy and actively engage in the construction of responsible mineral supply chain, so as to promote the sustainable and healthy development of the industry!

Contributing to the community

Huayou always practices the investment philosophy of "Wherever we invest, we must contribute to the local economy and society", and its global public welfare covers rural revitalisation, education, healthcare, infrastructure, economic development, environment, agriculture, vocational training and other aspects.

At home, Huayou donated 50 million yuan to Tongxiang Municipal Government to set up a special fund for charitable common wealth, 20 million yuan to Quzhou City Charity Federation to support common wealth, and 2.498 million yuan to Fuqian Village, Bowls Yao Township, Jiangshan City to support rural revitalisation ......

Overseas, the company also invests in Indonesia, DRC and Zimbabwe communities, actively fulfilling its mission and striving to integrate into local development, setting up a series of ESG projects to improve people's livelihoods while constructing projects, promoting the sharing of development fruits, exploring new modes and paths of sustainable development overseas, and drawing a new blueprint for sustainable development of the "One Belt, One Road" together with the local people and the international parties. Road" new blueprint for sustainable development with local people and international parties.

Looking ahead, as a leading enterprise in the integration of green manufacturing of new energy lithium materials in the world and a sample ESG listed company, we will continue to take "creating value for customers and leading industry development" as our mission, deeply implement the new development concept, forge new advantages in international cooperation and competition, promote high-quality development with high level of openness and build a better future for mankind.