#Sustainability #MSCI ESG #Luxshare Precision

Luxshare Precision's New ESG Milestone

Luxshare Precision Technology Co., Ltd. is achieving remarkable success on its sustainability journey, recently being awarded an impressive A rating by MSCI, a leading global index provider. This marks a significant upgrade from its previous BB rating, positioning Luxshare as a leader among global counterparts in environmental, social, and governance (ESG) practices. With this recognition, the company has surpassed over 78% of its peers worldwide, a clear indication of its commitment to sustainable development.

The MSCI ESG rating reflects Luxshare's unwavering focus on integrating ESG principles into its corporate strategies and everyday operations. The company's efforts encompass a variety of categories, including clean technology opportunities and labor management, where it consistently exceeds industry standards. Here’s a closer look at some key practices that have contributed to Luxshare’s enhanced ESG performance:

Clean Technology Initiatives

Luxshare Precision has made substantial investments in research and development for clean technology, unveiling products that cater to the growing demand for innovative, sustainable solutions. These include electric vehicle powertrains, energy-efficient data center power solutions, and advanced thermal management systems. Furthermore, their commitment extends to wireless chargers, inverters, and energy storage systems, positioning the company as a frontrunner in the clean-tech landscape.

Labor Management and Recognition

In a bid to cultivate a motivated workforce, Luxshare Precision has refined its compensation and performance system. This comprehensive strategy not only emphasizes competitive remuneration but also focuses on talent development. The establishment of systematic training programs has garnered recognition, including being listed among Forbes World's Best Employers. This honor reflects Luxshare's dedication to fostering a supportive work environment, further enhancing its reputation and encouraging employee loyalty.

Responsible Sourcing Practices

Luxshare Precision is dedicated to ensuring ethical sourcing throughout its supply chain, especially concerning 3TG materials (tin, tungsten, tantalum, and gold). The company mandates that all smelters and refiners involved in these materials are certified under the Responsible Minerals Assurance Process (RMAP). This stringent requirement, coupled with detailed tracing of 3TG minerals back to their origins, underscores Luxshare's commitment to maintaining high ethical standards and transparency.

Chemical Safety Management

In line with its commitment to safety, Luxshare actively manages potentially hazardous substances within its operations. The company continuously monitors regulatory trends to ensure compliance with both current and upcoming regulations, demonstrating its proactive approach to maintaining safety and environmental responsibility.

Strengthening Corporate Governance

Robust governance practices are at the core of Luxshare's strategy. The company has introduced advanced governance structures, including compensation clawback policies and