Haier Smart Home Achieves AA MSCI ESG Rating, Setting New Industry Benchmark

Qingdao, China – [October 22, 2024] – Haier Smart Home (600690, 690D, HRELF) was recognized for its sustainability work by Morgan Stanley Capital International (MSCI), receiving an AA rating for the company’s Environmental, Social, and Governance (ESG) efforts. This achievement solidifies Haier Smart Home’s leading position and highlights the company’s ongoing commitment to sustainable development. The MSCI ESG rating serves as a key reference for investors worldwide to assess a company's performance in sustainable development, including environmental conservation, social responsibility, and corporate governance. Haier Smart Home’s upgraded AA rating reflects the company’s persistent efforts and innovations in green development, responsible corporate practices, and transparent governance.

Haier Smart Home's continuous progress in ESG over the past five years has been marked by successive upgrades—from an initial B rating to BB, BBB, A, and now AA. Each step upward demonstrates meaningful improvement, with MSCI’s recognition affirming the company’s evolution into a global leader in sustainability.

Simon Huang, ESG Director and Vice President of Haier Smart Home, emphasized the strategic importance of ESG: “In today’s rapidly evolving world, sustainability is not just an obligation but a fundamental necessity for long-term success. ESG is no longer optional; it is the cornerstone of how we do business. At Haier Smart Home, we have built a strong governance framework for ESG, enabling us to achieve continuous improvements in our ESG ratings. While we are proud of our progress, we remain focused on tackling challenges and seizing opportunities for further enhancement.”

Huang added that Haier Smart Home is committed to effective carbon management, meaningful community investment, and advancing social responsibility. He stressed the company’s ambition to meet rising stakeholder expectations and evolving regulations through deep integration of ESG principles into its business strategy.

Haier Smart Home’s upgraded AA rating underscores its dedication to setting new benchmarks in sustainability and creating value for stakeholders. The company remains focused on fostering a greener, more inclusive future, with ESG serving as a core element of its long-term corporate strategy. This recognition demonstrates that Haier Smart Home is not only a trailblazer in green innovation and corporate responsibility but also a reliable partner for investors seeking companies with strong sustainable development capabilities.

About Haier Smart Home

Haier Smart Home is a global leader in connected living solutions and sustainable home appliances. The company integrates advanced technology, eco-friendly innovations, and smart design to create home ecosystems that enhance consumers' lives. Committed to environmental responsibility and social impact, Haier Smart Home continues to drive progress in corporate governance and sustainable development.