Bloomage's Commitment to Sustainability: Joining the United Nations Global Compact
Bloomage Joins the United Nations Global Compact
In a significant step towards enhancing its sustainability efforts, Bloomage, a global leader in the development of hyaluronic acid and other bioactive substances, has officially become a participant in the United Nations Global Compact (UNGC). This decision underscores Bloomage's ongoing commitment to contributing positively to global sustainable development. The UNGC, launched in 2000, is recognized as the world’s largest initiative focused on promoting sustainable economic practices, bringing together more than 25,000 companies and stakeholders from nearly 170 countries. By joining this initiative, Bloomage affirms its pledge to uphold the ten principles that encompass critical areas such as human rights, labor standards, environmental sustainability, and anti-corruption measures.
Bloomage's Chairperson and CEO, Zhao Yan, commented on this milestone, stating, "To become a world-class company, global engagement is essential. ESG serves not just as a framework for communication with stakeholders but as a key to unlocking global opportunities. By following international ESG standards, Bloomage ensures sustainable, steady, and responsible growth." This commitment aligns with Bloomage's strategic focus on environmental, social, and governance (ESG) principles across its business operations.
Bloomage has made significant advancements in ESG from 2019 to 2023. The company has consistently published its annual Social Responsibility Report, showcasing its sustainability initiatives. In 2023, Bloomage established a systematic and standardized ESG management system aimed at promoting sustainable growth. The following year, it released its inaugural Sustainability Report, providing transparency regarding the impacts of its ESG initiatives.
In its continued commitment to gender equality, Bloomage signed the Women's Empowerment Principles (WEPs) established by UN Women in May 2024. Additionally, the company was awarded the EcoVadis Bronze Medal in August 2024, placing it within the top 28% of evaluated companies globally for its sustainability efforts.
Bloomage's dedication to adhering to the ten principles of the UN Global Compact will strengthen its relationships with global partners who share its vision of advancing the sustainable development agenda. The overarching goal is to promote a fairer and more sustainable world, wherein businesses play a crucial role in environmental conservation and societal well-being.
Having been founded in 2000, Bloomage has rapidly evolved into an internationally recognized company specializing in the research, development, production, and sale of hyaluronic acid and other bioactive substances utilized in the pharmaceutical, cosmetic, and functional food sectors. With a strong emphasis on quality, innovation, and sustainable practices, Bloomage has earned the trust of over 4,000 customers across more than 70 countries.
As Bloomage moves forward, its positioning within the UN Global Compact represents not only a commitment to sustainability but also a strategic opportunity for the company to enhance its global footprint while championing responsible business practices. This pivotal step reaffirms that true progress in the corporate world is achieved not just through profit, but through meaningful contributions to society and the environment, mirroring the values that the UNGC strives to promote.