Daqo New Energy Issues Its 2024 Environmental, Social and Governance (ESG) Report

Core Insights - Daqo New Energy Corp. published its 2024 Environmental, Social and Governance (ESG) report, highlighting its commitment to sustainability and innovation in the solar PV industry [1][2] Company Overview - Daqo New Energy is a leading manufacturer of high-purity polysilicon for the global solar PV industry, with a total polysilicon nameplate capacity of 305,000 metric tons [3] - The company is recognized as one of the world's lowest cost producers of high-purity polysilicon [3] ESG Development Strategy - The 2024 ESG report outlines the company's ESG Development Strategy, which includes short-term, medium-term, and long-term sustainable objectives [2][5] Short-term Objectives (2023-2025) - Increase the proportion of clean energy used in production and reduce waste emission intensity - Optimize energy consumption per unit of product while enhancing product quality - Improve recycling efficiency of raw and auxiliary materials to promote a circular economy - Drive industry innovation and explore new business opportunities [5] Medium-term Objectives - Achieve peak carbon emissions and utilize over 80% clean energy in production processes by 2030 [5] Long-term Objectives - Attain carbon neutrality by 2060 [5]