Niu Technologies Ranks First in China's Two-Wheeler Segment in S&P Global ESG Rankings

Core Insights - Niu Technologies has made significant advancements in its Environmental, Social, and Governance (ESG) performance for 2024, with its S&P Global ESG Score increasing by 14 points year-over-year to 43, ranking first in China's two-wheeler segment [1][2] - The company outperformed 68% of global automotive companies in the S&P Global Corporate Sustainability Assessment (CSA) and achieved a perfect score in several key criteria [1][2][4] ESG Performance - NIU's S&P Global ESG Score ranked first in China's two-wheeler segment and was among the top 4 in the broader automotive industry, surpassing the industry average by 11 points [2] - The company's Environmental score exceeded more than half of global automotive companies, while its Social and Governance scores outperformed 65% and 77% of global peers, respectively [2] Transparency and Data Disclosure - In 2024, NIU enhanced its ESG transparency by disclosing comprehensive data on greenhouse gas emissions and conducting a climate risk assessment aligned with the TCFD framework, resulting in a CSA Score increase from 0 to 75 in TCFD Disclosure criteria [3] - The company has disclosed energy consumption data for three consecutive years, raising its CSA score in Energy Consumption criteria from 42 to 90 [3] Decarbonization Initiatives - NIU achieved a perfect S&P Global CSA Score for the second consecutive year in Product Quality & Recall Management, Information Security, Low-Carbon Products, and Product Stewardship criteria [4] - The company's smart two-wheelers feature low-carbon designs and green manufacturing, significantly improving resource efficiency through lightweight designs and lithium battery adoption [4] Value Chain Management - NIU established a comprehensive value chain management system, introducing a "Supplier Code of Conduct" and "Conflict Minerals Policy" to ensure ethical and environmental standards in raw material sourcing [5] - The company implemented a "Human Rights Policy" that received a perfect assessment score, reflecting its commitment to diversity and inclusion [5] Industry Leadership - NIU is one of the first electric two-wheeler companies in China to participate in the CDP assessment, publicly disclosing its carbon emissions data and earning an "Awareness Level" rating [6][7] - The company plans to increase investments in research and innovation related to environmental management and carbon emissions control, aiming to lead the smart two-wheeler segment toward a more sustainable future [7]