Unleashing Corporate Social Responsibility: Luxshare Precision's Path to Sustainable Growth

HONG KONG SAR - Media OutReach Newswire - 20 August 2024 - On July 26th, 2024, the 16th China Corporate Social Responsibility (CSR) Annual Conference, organized by Southern Weekend, concluded successfully in Guangzhou. This year’s conference, themed “Unleashing the ‘New Power’ of Corporate Social Responsibility,” brought together representatives from government, industry organizations, businesses, and academia to discuss innovative strategies for Chinese enterprises to fulfill their social responsibilities. Luxshare Precision was recognized for its effective and innovative CSR practices, earning a spot on the China Corporate Social Responsibility Ranking for the fourth consecutive year and receiving the 2023 Outstanding Responsible Corporate honor.

The "China Corporate Social Responsibility Ranking" was initiated by Southern Weekend in 2003 and has been conducted continuously for 21 years. It is one of the most authoritative and influential corporate social responsibility evaluation systems in China. The ranking focuses on seven major areas: economy, responsibility governance, environment, products and services, employees and safety, fair operations, and community. It evaluates companies' performance in fulfilling their responsibilities based on the dimensions of management, performance, and compliance.

Luxshare Precision, a prominent global technology manufacturer for the world's most prominent technology giants, like Apple, Amazon, Dell, and Lenovo, not only strive for excellence in the industry but also upholds the principles of sustainable development, continuously exploring the integration of ESG (Environmental, Social, and Governance) with its strategy and business operations. The company leverages its capabilities to address societal issues, demonstrating a responsible and compassionate corporate ethos.

In terms of new productivity of governance, Luxshare Precision established a three-level sustainability governance structure featuring "decision-making-planning-execution, effectively enhancing its internal sustainable development management capabilities. Besides, the company leads in green transformation, cutting carbon emissions by over 1.1 million tons and using 63% clean energy in its own operation in 2023 alone. Actively investing in clean technology and product development, focusing on areas like photovoltaics, batteries and new energy vehicles, the company continually provides its clients with efficient products and solutions, empowering sustainable, low-carbon development in society.

Looking ahead, Luxshare Precision will continue to empower intelligent manufacturing with technology and innovation, planning new momentum for corporate development. The company will continuously enhance its internal strength, aggregate industry forces, and promote the sustainable development of enterprises, industries, and society as a whole.
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