HIKVISION(SZ:002415) Jin Rong Jie·2025-04-18 13:45Core Viewpoint - Hikvision has released its 2024 Environmental, Social, and Governance (ESG) report, introducing the "THRIVE" sustainable development concept, focusing on "Tech for good" and five key areas: Employees and Community, Technological Innovation, Sustainable Governance, Value Chain Collaboration, and Ecology and Carbon Neutrality [1][3] Group 1: ESG Management and Strategy - The 2024 ESG report marks the first dual materiality assessment in accordance with Shenzhen Stock Exchange requirements, identifying "Technological Innovation," "Cybersecurity and Data Protection," and "Climate Change Response" as highly significant topics [3] - Hikvision has integrated ESG principles into its corporate strategy and operations, with the board overseeing ESG management and a dedicated committee handling ESG affairs [3][4] - The company aims to create value for society by establishing a systematic ESG governance mechanism [3] Group 2: Technological Innovation - Technological innovation is a core aspect of Hikvision's operations, contributing to various sectors such as education, energy, transportation, healthcare, culture, and environmental protection [4] - The company has developed solutions like the "Integrated Spectral Coal Quality Rapid Testing" technology, which has tested over 400 million tons of coal, significantly enhancing operational efficiency in the energy sector [4] Group 3: Climate Change and Low-Carbon Development - Hikvision has incorporated a carbon reduction strategy into its policies, focusing on low-carbon products, smart manufacturing, technology empowerment, and green operations [5][7] - The company has achieved notable low-carbon results, including purchasing 18,000 MWh of green certificates and generating 15,900 MWh from rooftop solar installations in 2024 [7] Group 4: STAR Public Welfare Partner Program - The STAR Public Welfare Partner Program, initiated in 2020, serves as a platform for Hikvision to fulfill its social responsibilities and promote sustainable development [8][10] - By the end of 2024, the program has collaborated with over 30 public welfare organizations, focusing on biodiversity monitoring, environmental protection, digital rural development, and cultural preservation [10][11] - The program has implemented various technology-driven public welfare projects, enhancing the protection of cultural heritage and wildlife [11]