Huasun Releases 2024 ESG Report, Reinforcing Commitment to Sustainable Development

Recently, Huasun Energy released its 2024 Environmental, Social, and Governance (ESG) Report, marking the third consecutive year the company has publicly shared its efforts and achievements in environmental protection, social responsibility, and corporate governance. The report highlights Huasun’s strong commitment to ESG principles and underscores its long-term dedication to sustainable development.

Environment: Leading to a Zero-Carbon Future with Technological Innovation

• Carbon emission intensity was 27.12 tCO₂e/MW (production), a 22% reduction from the previous year.
• Product carbon footprint as low as 366.12 gCO₂e/W which was verified by third-partyInstalled capacity of rooftop solar systems in the manufacturing bases increased to 59.07 MW, up 115% year-on-year.
• Renewable energy use amounted to 177,260,083.06 kWh, with an increase of 262% year-on-year.

Technology Driving a Low-Carbon Future

Product Lifecycle Management

Huasun is committed to realizing sustainable management in the whole lifecycle of its products.

1. Design: Huasun integrates eco-friendly design principles by selecting low-carbon materials, optimizing material structural design and production processes.
2. Production: By introducing clean production technology and intelligent equipment, Huasun has significantly improved production efficiency and reduced energy and water consumption.
3. Use: The company focuses on sustainability in packaging, transportation and storage.
4. Recycling: Huasun has established a perfect recycling system to ensure that the waste photovoltaic products are treated in an environmentally friendly way and the resources are reused

Society: Driving Shared Prosperity with Shared Values

• By the end of 2024, the Company provided more than 5,100 local jobs for Xuancheng City, Anhui Province, with an output value of approximately RMB 7.6 billion during the reporting period, representing a year-on-year growth of 10%.
• 474 ethnic minority employees, making up 10.04% of the workforce.
• Health and safety training coverage reached 100%
• 4 national projects breakthroughs, 2 major innovation platforms in Anhui Province
• The company participated in the compilation of 20 standards, including 4 national standards, 11 industry standards, 4 group standards and 1 local standard
• Conducted 1 ESG awareness training for executives and 1 special competency enhancement training for ESG key personnel

Public Benefit Contribution and Social Responsibility Programs

Community Support and Local Development

Huasun strongly supports the development of the new energy industry in Xuancheng, actively promoting the establishment of the Xuancheng New Energy Industry Association to foster technological innovation, industry collaboration, and information sharing.

Governance: Building the Foundations of Development through Transparency and Efficiency

Huasun adhered to the governance philosophy of "Compliance and Integrity" and continuously improved corporate governance structure and internal control system.

• A total of 5 routine audits and 17 special audits were conducted, including comprehensive audits were carried out on various production bases that had been put into operation to further standardize and optimize the production operations.
• 0 concluded corruption legal case, 0 concluded laundering legal case.
• Huasun optimized its R&D structure, by setting up the Intellectual Property Department with function of patent management to strengthen technological innovation and intellectual property management. An total of 365 patents have been filed and 185 patents havenbsp;been granted.

Sustainable Procurement

• Huasun is committed to building a perfect supplier management system to ensure the stability and sustainability of the supply chain through a strict entry mechanism, dynamic performance evaluation and a clear exit process.
• In order to create a fair and equitable supply chain environment, all key suppliers were required to sign Supplier Code of Conduct, Environmental Protection, Occupational Health and Social Responsibility Agreement, Non-Disclosure Agreement, and Integrity Commitment Letter.
• Huasun built a comprehensive process management system ensures transparency and traceability from raw material procurement to product delivery.

Honors and Recognitions

In 2024, Huasun has further consolidated its leading position in the industry and gained high praise from the government and all walks of life by virtue of its constantly innovative technological strength, the unremitting struggle of all employees and the continuous pursuit of excellent quality.

Huasun’s Chairman and CEO, Jimmy Xu, stated: “Huasun will continue to give full play to its own advantages and promote the innovation and application of HJT photovoltaic technology with a more determined pace. We will continue to improve our ESG management and optimize our environmental performance, social contribution and corporate governance, so as to contribute more to the global energy transition and sustainable development, and to empower solar as the true primary energy.”

Click Here and Read Huasun ESG Report 2024