Company Overview - China Ping An has developed into a large "comprehensive finance + medical and elderly care" service group over 36 years, addressing financial, medical, and elderly care pain points for over 240 million individual clients and over 4 million corporate clients [2] - As of the end of 2024, the company has a total of 273,053 employees, with a female employee ratio of 51%, reflecting a diverse team structure across gender and age dimensions [2] Social Responsibility Initiatives - China Ping An views rural revitalization as a key aspect of its social responsibility, continuously implementing the "Three Villages Project" focusing on industry, health, and education [4] - In 2024, the company provided 52.014 billion yuan in industrial support revitalization funds, conducted 6,767 hours of public welfare teaching, and organized nearly 30,000 volunteer activities [4] - The "Medical Journey" initiative has conducted 106 events to enhance national health literacy, providing free health check-ups for 6,859 villagers and hosting 29 lectures on chronic disease awareness with 656,200 live viewers [4] - The company has built 119 Ping An Hope Primary Schools nationwide, recruited 12,708 volunteer teachers, and provided over 443,000 hours of teaching service [4] Employee Management and Care - China Ping An is committed to creating a fair, harmonious, and healthy work environment, with training investments reaching 956 million yuan in 2024 and an average training duration of 49.16 hours per employee [5] - The company has developed 532 professional course tags and over 47,000 related courses covering various job sequences, including marketing, technology, and operations [5] - China Ping An strictly adheres to national social insurance and housing fund policies, ensuring timely and full payment of five types of social insurance and housing funds, with a total investment of 130 million yuan in work injury insurance [5]

企业介绍 文/华夏ESG观察联盟 历经36年发展，中国平安成长为一家大型的"综合金融+医疗养老"服务集团，关注、研究如何解决客户 的金融、医疗、养老服务痛点，为超2.4亿个人客户、超400万团体客户提供优质服务。公司在香港联合 交易所主板（2318.HK）及上海证券交易所（601318.SH）两地上市。 截至2024年年末，中国平安员工总数为273,053人，女性员工占比51%，在性别、年龄等维度体现了多 元化的团队结构。 实践案例 中国平安在2024全年提供产业帮扶振兴资金520.14亿元，公益支教课时6,767课时，全年落地各类志愿者 活动近3万场。获评金融支持国家乡村振兴重点帮扶县典型案例2个。平安健康"医路健行"国民健康素养 提升行动累计落地106场，为6,859位村民提供免费体检服务；举办百场慢病科普讲座29场，直播观看人 次65.62万人次。中国平安开展百村巡回医疗下乡活动380场，实现乡村卫生室升级45个，举办乡村义诊 45场。 截至2024年年底，中国平安已在全国援建平安希望小学119所，累计招募支教志愿者12,708名，支教服 务时长总计超44.3万小时。在1,039所智慧学校落地实施青少年 ...

文/华夏ESG观察联盟 企业介绍 舍弗勒集团成立于1946年，总部位于德国，是一家专注驱动技术的科技公司，旗下拥有三大产品品牌： INA、LuK和FAG。舍弗勒提供汽车驱动系统及底盘应用的高精密部件与系统，以及广泛应用于工业领 域的滚动轴承和滑动轴承解决方案。舍弗勒集团是一家由家族控股的上市公司，目前拥有约120,000名 员工，在全球55个国家和地区设有250多个分支机构。 舍弗勒于1995年开始在中国投资生产，深耕中国30年，秉承"本土资源服务本土市场"理念，致力于本土 生产和本土研发。目前，舍弗勒在中国拥有员工约19,000人，在全国各地设有6大研发中心、17座工 厂，以及遍布全国的销售网络。 实践案例 一、ESG治理架构 ·舍弗勒集团建立了以董事会为核心的ESG治理结构，以及可持续发展委员会（SustAInability Committee）、治理、风险与合规委员 会（GRCC）及风险子委员会三级管理体系。 ·ESG目标已被纳入集团"Roadmap 2030"战略，并细化为"气候行动迈向净零、循环经济绿色转型、保障 人权护佑安康、赋能员工共筑未来、正直诚信决策透明"五大行动领域。 ·中国区管委会下设可 ...

Company Overview - China Overseas Development Limited, a subsidiary of China State Construction Engineering Corporation, was founded in Hong Kong in 1979 and listed on the Hong Kong Stock Exchange in 1992 under the stock code 00688.HK. The company has over 46 years of experience in real estate development and property management, operating in more than 80 cities across mainland China, Hong Kong, Macau, the UK, and Singapore. It possesses industry-leading capabilities in design, development, construction, operation, and property services, with three main business segments: real estate development, urban operation, and innovative business [1]. Carbon Neutrality Initiatives - In 2023, the company released the industry's first "Carbon Neutrality White Paper," establishing a strategic plan called "1333," focusing on "carbon peak" and "carbon neutrality" as core objectives. The plan outlines three phases from 2025 to 2060, with a commitment to reduce carbon emissions intensity by over 30% per unit area by 2030 (based on 2019 levels) and striving for carbon neutrality by 2060. This initiative sets a benchmark for other companies in the industry, encouraging more enterprises to engage in green transformation [2]. Zero Carbon Building Projects - The company has laid out zero carbon building demonstration projects across major climate zones in China. In 2024, three projects, including Shenzhen China Overseas Building and Beijing China Overseas Financial Center, were selected as part of the first batch of zero carbon building projects in the country. The Shenzhen China Overseas Building, which began construction in December 2020, employs 11 energy-saving and carbon-reduction technologies, achieving a comprehensive energy-saving rate of 61% and receiving multiple certifications, including near-zero energy design certification and WELL Gold certification. The Beijing China Overseas Financial Center utilizes geothermal heat pumps and advanced HVAC systems, achieving a building energy-saving rate of 70% and a carbon reduction rate of 68%. The company has developed a cumulative area of 600,000 square meters of near-zero energy and zero carbon buildings, covering various sectors such as residential and commercial [3]. Expert Commentary - Experts note that China Overseas Development is seizing new opportunities in the market by focusing on zero carbon buildings and green communities, transforming sustainable concepts into powerful drivers for urban renewal and real estate growth [3].

Company Overview - TCL was founded in 1981, originally as TTK Household Appliance Ltd, and has expanded its business into semiconductor display and renewable energy photovoltaic sectors [1] - In 2019, TCL underwent an asset restructuring, splitting into TCL Technology Group Co., Ltd. (TCL Technology) and TCL Industrial Holdings Co., Ltd. (TCL Industrial) [1] - TCL Technology focuses on semiconductor displays and renewable energy photovoltaic industries, with TCL Huaxing becoming a leading global player in semiconductor displays [1] Climate Goals and Management - In 2023, TCL Technology publicly committed to achieving carbon peak by 2030 and carbon neutrality in its operations by 2050 [2] - The company has established a climate change governance system led by the board, with a dedicated committee for strategic and sustainable development overseeing climate issues [2] Green Production and Certifications - TCL Technology has 13 products certified for ISO 14067 carbon footprint and 8 products certified under the French carbon footprint certification [3] - The company promotes zero waste to landfill management, with 10 subsidiaries receiving UL 2799A certification for waste management [3] Renewable Energy Initiatives - As of 2024, TCL Huaxing has installed a total photovoltaic capacity of 138.5 MW, generating 149,236 MWh of electricity [4] - The company purchased approximately 36,300 MWh of green electricity and 160,000 MWh of green certificates, totaling renewable energy usage of 343,909 MWh [4] - TCL Huaxing invested about 130 million RMB in energy-saving initiatives, achieving energy savings of 224,319 MWh and reducing carbon emissions by 115,446 tons [4] Expert Commentary - TCL's commitment to peak carbon emissions by 2030 and achieve carbon neutrality by 2050 demonstrates a long-term responsibility towards sustainability [5]

公司于2023年通过SBTi三大目标审验。在范围3层面，公司明确了减排路径：以2022年为基准年，不晚 于2032年将每单位光伏相关的产品外购商品与服务温室气体排放强度减少58.2%；不晚于2050年将每单 位光伏相关的产品外购商品与服务、上下游物流温室气体排放强度减少97%。公司还制定了短中长期供 应链减碳策略，包括减排试点机制、减排计分卡、价值链深化合作、激励机制等。 晶科能源构建了"二方+三方、线上+线下"的审核体系。2024年公司共完成44家重点供应商现场审计及 69家线上审计，并确保《供应链合作伙伴行为准则》签署率100%。通过全方位的审计，公司及时识别 供应商重大风险与改善机会，并要求供应商针对重大风险提出改善计划。 文/华夏ESG观察联盟 公司介绍 晶科能源股份有限公司（简称"晶科能源"，股票代码：688223）战略性布局光伏产业链核心环节，聚焦 光伏产品一体化研发制造和清洁能源整体解决方案提供，产品累计服务于全球近200个国家和地区的 4000家左右客户。 晶科能源建立了从硅片、电池片到组件生产的"垂直一体化"产能，在中国、美国、东南亚、中东共拥有 10余个全球化生产基地。预计到2025年末， ...

Core Viewpoint - The recent appointment of three new fund managers to join Liu Peng in managing three funds at China International Fund Management is seen as a potential sign of Liu Peng's impending departure from the company [2][5]. Group 1: Fund Management Changes - Liu Peng has had three new fund managers, Xu Jiacheng, Guo Ruo, and Zhou Shanshan, join him in managing the funds, transitioning all products he manages to a co-management model [2][4]. - Liu Peng's representative product, the China International Advanced Manufacturing Mixed Fund A, achieved a return rate of 202.29% during his management period [2][4]. - The newly appointed fund managers have diverse expertise, with Xu focusing on pharmaceuticals, Guo on advanced manufacturing, and Zhou having over 17 years of experience in mixed asset and separate account management [4]. Group 2: Company Performance and Challenges - As of September 20, Liu Peng managed a total fund asset size of 9.125 billion yuan, with significant returns on various funds he managed [4]. - The company is facing challenges due to the departure of key fund managers and pressure on its management scale, with net assets showing a downward trend from 552.032 billion yuan in mid-2024 to 496.678 billion yuan by mid-2025 [5][6]. - The public fund industry has seen increased talent mobility, with the departure of star fund managers impacting fund sizes and requiring companies to enhance the stability of their investment research teams [7].

文/华夏ESG观察联盟 在循环经济方面：蒙牛面向消费者开展的回收再生活动覆盖了 27 座城市，活动参与人数近 10万人，成 功回收乳制品包装约20,000千克；共有13家工厂获评"无废工厂"示范单位，8家工厂通过了"零填埋工 厂"认证。 蒙牛宁夏工厂，获得世界经济论坛认证的"灯塔工厂"认证，通过全流程智能化改造与能源管理创新，实 现生产效率与能源效率的双重突破。宁夏工厂办公楼项目较其他同类建筑能够实现降碳 20%- 40%，年 降碳约2,000吨，并荣获由美国绿色建筑委员会颁发的LEED 绿色建筑金级认证。在运营端，蒙牛宁夏 工厂运用智慧能源系统，优化设备数量，减少异常损耗，能源消耗整体降低43%，应用磁悬浮、智能包 装控制、智能装车等技术，创建智慧黑灯实验室，建立乳业黑灯物料库房，实现生产流程的高度集成与 自动化和能源高效利用的结合。 专家点评：13家工厂获评 "无废工厂"，8家通过 "零填埋" 认证，累计光伏装机超28MW。以绿色工厂为 核心，全链条循环经济为支撑，将低碳理念贯穿生产全流程，推动行业系统化降耗升级，引领行业绿色 高质量发展。（何继江-清华大学） 实践案例 蒙牛承诺 2050 年实现全产业链 ...

Company Overview - Siemens AG, headquartered in Berlin and Munich, focuses on technology in industrial, infrastructure, transportation, and healthcare sectors, actively promoting the application of artificial intelligence, including generative AI, to facilitate digital and sustainable transformation for clients [2] Sustainability Commitment - Siemens is one of the first large tech companies to commit to carbon neutrality by 2030 in its operations, aiming to reduce its actual CO2 emissions by 55% by the end of fiscal year 2025 and approximately 90% by fiscal year 2030 [3] - To achieve these goals, Siemens announced an investment of €650 million for decarbonization, particularly in the research and application of related technologies [3] DEGREE Strategy Framework - In June 2021, Siemens launched a comprehensive sustainability framework called the DEGREE strategy, which includes Decarbonization, Ethics, Governance, Resource Efficiency, Equity, and Employability, with strict and measurable key performance indicators [4] - Siemens officially launched the EcoTech declaration for the Chinese market at the first Siemens Sustainability Forum in June 2024, providing comparable performance information for EcoTech-certified products throughout their lifecycle [4] Green Factory Initiatives - Siemens has 11 factories recognized as national green factories by the Ministry of Industry and Information Technology, with the Chengdu factory being named a global "Sustainable Lighthouse Factory" [4] - The company has established a carbon reduction information management system covering nearly 7,000 suppliers, integrating low-carbon indicators into key project procurement decisions [4] Digital Factory Achievements - The Chengdu digital factory achieved a 92% increase in output while reducing unit product energy consumption by 24% and waste per product by 48%, demonstrating a win-win in economic and environmental benefits [4] - The Nanjing digital factory reduced planning and operational time by nearly one-third compared to traditional factory planning, with an annual reduction of approximately 3,300 tons of carbon emissions [5] Client Collaboration for Carbon Reduction - Siemens assisted the Rockwell Automation (Jinan) factory in achieving an expected annual reduction of nearly 600 tons of CO2 emissions, achieving 100% carbon offset through renewable energy [5] - Collaborations with companies like HeSteel and Mengniu have led to the establishment of green intelligent steel plants and significant reductions in production costs and energy consumption [5] Expert Commentary - Siemens has reduced its operational carbon emissions by 50% compared to fiscal year 2019 and has empowered clients to reduce carbon emissions by approximately 190 million tons in fiscal year 2023 through relevant technologies [6]

Company Overview - Danfoss, founded in 1933, is one of Denmark's largest global industrial groups, employing approximately 40,000 people and operating 100 factories worldwide, serving customers in over 100 countries [2] - The company provides solutions in various fields including refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, automotive, shipping, and both on-road and off-road vehicles [2] - In China, Danfoss has nearly 5,000 employees and ranks second in various regional markets, with 12 production bases established over nearly 30 years, and four factories recognized as national "green factories" [2] - Danfoss aims to achieve carbon neutrality for all its Chinese factories by 2027 [2] Strategic Developments - With the advancement of China's "dual carbon" strategy, Danfoss has experienced unprecedented growth, becoming the second-largest regional sales market and the largest procurement market for the company globally [3] - The company is expanding its investments in China, including the establishment of two electrification production lines in Nanjing to support energy efficiency in new energy, high-end manufacturing, and green infrastructure [3] - In 2023, Danfoss opened a research and testing center for scroll compressors in Tianjin, enhancing its innovation and service capabilities in environmentally friendly refrigerants and energy-saving cooling technologies [3] - The second phase of Danfoss's Haiyan facility is set to commence operations in September 2024, becoming the largest production base globally, focusing on key products such as variable frequency drives, heat exchangers, and magnetic levitation compressors [3] Business Growth and Projects - Since the introduction of China's "dual carbon" goals, Danfoss's business in China has nearly doubled, collaborating with clients on numerous projects [4] - For instance, Danfoss provided high-efficiency solutions for the HVAC system of the T3B terminal at Chongqing Jiangbei International Airport, including 365 sets of specialized variable frequency drives and harmonic filters [4] - In the energy-efficient building sector, Danfoss contributed core direct current distribution solutions for the "green" zero-carbon building in Zhuhai, Guangdong, which is one of the first carbon-neutral pilot projects in the province [4] - The solutions provided by Danfoss support the construction of a 750V direct current grid, ensuring quick isolation and continuous power supply during faults, thus aiding in digital energy management and efficient photovoltaic utilization [4] Expert Commentary - Danfoss exemplifies how to transform the "dual carbon" goals into a new growth engine through green innovation, from factory carbon neutrality to win-win scenarios across the industrial chain [4]