Huasun Energy ESG Report 2023 Released

Huasun Energy ESG Report 2023 is officially released, with a statement by Chairman Jimmy Xu.

Dear shareholders, partners, employees, and friends from all walks of life:

Hello, everyone!

In this era full of challenges and opportunities, on behalf of Anhui Huasun Energy Co., Ltd., I would like to present to you our ESG (Environmental, Social and Governance) Report for the year 2023. This report is not only a review of our unremitting efforts on the path of sustainable development in the past year, but also an outlook on our role as a leading enterprise in the heterojunction photovoltaic industry, empowering the upstream and downstream of the industrial chain to develop sustainably, as well as realizing the far-reaching layout of our ESG strategy in the future.

In the context of global energy structure transformation, the solar industry has ushered in unprecedented opportunities. As the pioneer and leader of heterojunction photovoltaic technology, Huasun is well aware of its own responsibility and mission. We deeply integrate ESG concepts into our corporate strategy not only to respond to the call for global sustainable development, but also to lead the heterojunction photovoltaic industry to a greener, more efficient, and sustainable direction.

I. Environmental strategy: green production driven by technological innovation

On the environmental front, we adhere to our core strategy of "Green Production and Technological Innovation". Heterojunction technology stands out among the new generation of photovoltaic technology routes with its advantages of the highest efficiency, the best power yield, the strongest reliability, the lowest carbon footprint and the most minimal cost. As a leader in this field, Huasun continues to increase its R&D investment and commits to improving the conversion efficiency and production yield of heterojunction modules, reducing the production cost, and providing more competitive green energy solutions for the world.

At the same time, we are well aware of the importance of green production. During the production process, we adopt advanced energy-saving and environmentally-friendly technologies and equipment to optimize the structure of energy use and reduce carbon emissions and resource consumption. Through the implementation of a strict environmental management system, we ensure that our production activities comply with international environmental standards and contribute to the global sustainability initiatives.

II. Social strategy: sharing the fruits of development and contributing to social progress

We uphold the social responsibility concept of "Sharing Value, Creating Future Together". As a leading enterprise in the heterojunction industry, we know that our social responsibility lies not only in providing high-quality products and services, but also in driving social progress through technological innovation and industrial development.

We pay attention to the well-being and growth of our employees, provide diversified training and career opportunities, and stimulate their innovative potential and enthusiasm for work. We are committed to building harmonious labor relations, protecting employees' rights and interests, and creating a fair, just, and inclusive working environment. At the same time, we actively participate and donate in public welfare undertakings, and give back to our local communities and the society by helping and supporting the underprivileged population.

In addition, we also focus on win-win cooperation with suppliers, customers, and other stakeholders. By establishing long-term and stable cooperative relationships, we jointly promote the coordinated development of the heterojunction photovoltaic industry chain. We are committed to building a collaborative innovation platform for the industrialization of heterojunction technology and actively promoting the activities of the China PV Solar High-Efficiency Heterojunction Club in the hope that, through the open, transparent, and mutually trusting innovation platform, we will work together with all parties to meet the challenges of the industry and create a better future.

III. Governance strategy: strengthening compliance and improving governance

In terms of governance, we adhere to the governance philosophy of "Compliance and Integrity". As a public company, we are fully aware of the importance of compliance. We strictly comply with national laws, regulations and regulatory requirements, and establish a sound internal control system to ensure that our operations are compliant and sound. We strengthen our awareness of risk management and establish a sound risk assessment and response mechanism to ensure that the company can effectively respond to various risk challenges.

At the same time, we focus on improving corporate governance. By optimizing the structure of the board of directors, improving the decision-making mechanism, and strengthening information disclosure and other measures, we enhance the transparency and effectiveness of corporate governance. We advocate a culture of integrity, create a clean and upright corporate culture, and ensure the scientific and fair nature of corporate decision-making.

Looking ahead, heterojunction technology will have greater development potential. With the acceleration of global energy transition and the continuous progress of photovoltaic technology, heterojunction has become the mainstream technology of the third generation of photovoltaic. As an industry leader, Huasun will continue to utilize its own advantages to promote the innovation and application of heterojunction photovoltaic technology and contribute more power to the global energy transition.

Dear shareholders, partners, employees and friends from all walks of life, the development of Huasun cannot be separated from your care and support. In the future, we will continue to uphold the core values of "customer-centric, quality-oriented, and keep striving", and more firmly promote the green transformation and sustainable development of the photovoltaic industry, and make our home more livable and beautiful with high-efficiency solar energy. Let's work hand in hand and create a better future!

Thank you all!

Xu Xiaohua (Jimmy)

Chairman of Anhui Huasun Energy Co., Ltd.

Click here for the full Huasun Energy ESG Report 2023: https://www.huasunsolar.com/uploads/file/huasun-environmental-social-and-governance-report-2023.pdf