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2024-03-19
Recently, Luxshare successfully passed the assessment conducted by EcoVadis, a global supply chain and corporate sustainability authority, achieving the company's highest historical score of 65 points. For the first time, it was awarded the EcoVadis Silver Medal for Sustainable Development. This achievement places Luxshare Precision among the top 15% of all evaluated companies and within the top 9% of companies in the same industry.
Compared to last year, the company has made varying degrees of improvement in three key areas: environment, labor and human rights, and business ethics. Particularly noteworthy is our outstanding score of 80 points in the environmental assessment, demonstrating our industry-leading position in environmental and sustainability management.
EcoVadis assessment method is based on seven fundamental principles and measures companies' performance in four dimensions: environment, labor and human rights, business ethics, and sustainable procurement through policies, actions, and results. It provides a sustainability scorecard for more than 130,000 companies from over 220 industries and over 180 countries and regions globally. This aims to improve corporate social responsibility performance, promote information transparency, and accelerate brand innovation and growth.
Winning the Silver Medal this time signifies EcoVadis' high recognition of Luxshare's performance in implementing various sustainable development initiatives and corporate social responsibility policies. It also represents Luxshare's commitment to practicing green and sustainable concepts, promoting an equal, inclusive, and diverse corporate culture, and making significant progress in establishing a business environment of integrity and responsible procurement management. We will steadfastly build our sustainable competitive advantage and become a model and leader in the high-quality development of the electronics manufacturing industry!
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