Recently, Morgan Stanley Capital International (MSCI), a globally recognized index provider, announced its latest Environmental, Social, and Governance (ESG) ratings. Goldwind's MSCI ESG rating has been upgraded to A, reflecting the company's continued progress in ESG management.
The MSCI ESG Ratings are a comprehensive evaluation methodology developed by MSCI to assess a company's management of financially relevant ESG risks and opportunities. It is widely recognized by global investors as one of the most authoritative ESG assessment systems. MSCI annually evaluates listed companies included in its indices worldwide based on environmental, social, and governance criteria. The ratings, which benchmark performance against global industry peers, have become a mainstream reference and important investment indicator in international capital markets.
According to the MSCI report, Goldwind outperformed the industry average in several material ESG topics, including clean tech opportunities, toxic emissions & waste, and labor management, demonstrating excellence across multiple ESG dimensions. Goldwind has consistently invested in technological R&D, with CNY 1.803 billion allocated in 2024, accounting for 4.94% of its annual revenue. The company prioritizes environmental friendliness in its products, having conducted lifecycle assessments for 12 turbine models, with the lowest carbon emission intensity per kWh of electricity generated reaching only 3.52 grams.
In waste management, Goldwind has implemented hazardous waste reduction initiatives, such as improving packaging materials and reducing contaminated waste, effectively lowering hazardous waste generation per MW of turbine production in 2024. The company is also advancing blade recycling efforts, developing its first GWBD-A recyclable blade with over 97% recyclable materials. Goldwind is committed to fostering a fair, healthy, and enjoyable workplace. It has established multiple channels for employee feedback, including an online suggestion platform and trade union mailboxes. The company offers diverse and customized training programs and a job qualification system to support career development. It also provides comprehensive benefits and implements equity incentive schemes to motivate employees and enhance their sense of well-being.
Furthermore, Goldwind integrates green and low-carbon principles into its operations and production processes while promoting sustainability across its supply chain. The company prioritizes green and low-carbon operations, having achieved carbon neutrality in operations (Scope 1 and Scope 2) since 2022 on an annual basis. It actively promotes the use of green power, which accounted for 61.8% of its total power consumption in 2024. Goldwind integrates environmental concepts into its production processes, with 10 factories certified under the ISO 50001 Energy Management System and 8 factories certified as national or provincial-level green factories by the end of 2024. It also drives sustainability in its supply chain, maintaining 100% social responsibility audit coverage for major wind turbine component suppliers (manufacturing) in 2024, while 78% of electricity used by key suppliers for Goldwind products came from renewable sources.
Moving forward, Goldwind will continue to deepen its sustainability management, explore more innovative ESG initiatives, and consistently pursue its vision of "driving our renewable future".