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TCL Technology's 2024 ESG Report

Committing to a Sustainable Future

TCL Technology has recently published its 2024 Environmental, Social, and Governance (ESG) Report, showcasing its achievements and ongoing commitment to sustainability. The report emphasizes the company's strategic approach to embedding sustainability into its operations, enhancing social impact, and strengthening governance frameworks.

Wei Xue, the Vice President and Director of the ESG Office at TCL, highlighted the company's dedication to sustainability, stating that the report illustrates how deeply integrated ESG principles are within TCL's operational framework. As an official Worldwide Olympic Partner, TCL aims to align its corporate social responsibility initiatives with global efforts to inspire a brighter tomorrow.

Progress in Sustainable Transition

TCL's journey towards sustainability has taken significant strides, particularly through the introduction of a Carbon Footprint Ledger. This intelligent framework allows for real-time tracking of emissions across its core industries and legal entities. By consolidating emission data, TCL can effectively measure its carbon output and make informed decisions to reach its ambitious net-zero targets.

In a proactive approach, TCL is involving its subsidiary Suzhou CSOT in the Science-Based Targets initiative (SBTi), indicating its commitment to reducing emissions. Suzhou CSOT's goals include a 42% reduction in absolute emissions and a 25% reduction in emissions from purchased goods and services by 2030. This initiative exemplifies TCL's forward-thinking strategy to align operations with global sustainability standards.

Additionally, TCL hosted the "True Vision and Insight to All Global Supply Chain Conference" in 2024, where it engaged with over 355 suppliers to promote environmentally-friendly practices and governance.

Governance as a Priority

TCL Technology has streamlined its governance structures to integrate ESG considerations into core decision-making processes. The creation of the Strategy and Sustainability Committee, led by the Board of Directors, marks a pivotal step in addressing climate-related issues at the highest levels of management.
This committee is supported by an ESG Working Committee, which ensures effective risk management. Notably, TCL conducted a double materiality assessment for the first time, engaging more than 40 stakeholders, including academics and NGOs, to assess the essential ESG topics affecting the business. This transparent evaluation acts as a foundation for TCL's ESG issue matrix, enabling the organization to meet stakeholder expectations effectively.

Advancing Social Responsibility

TCL's commitment to social responsibility is evident in its people-centric approach to value creation. In 2024, the company achieved a remarkable sevenfold increase in hiring employees with disabilities, showing its dedication to inclusivity and diversity. Furthermore, through the TCLforHer initiative, the company has established a framework for female empowerment within the workplace, ensuring that women are recognized and supported in their professional growth.

The TCL Charity Foundation continues to play a vital role in the company's efforts to give back, focusing on charitable contributions and cultural initiatives that enhance community well-being. Through its combined efforts, TCL reinforces its mission of promoting sustainability by fostering a community that thrives on innovation and inclusivity.

Conclusion

With its 2024 ESG Report, TCL Technology reinforces its dedication to building a sustainable future through governance, social impact, and environmental stewardship. As the company continues to evolve and adapt in a rapidly changing world, it remains dedicated to enhancing the quality of life for all through advanced technology and sustainable practices, fulfilling its promise of a greener planet for future generations.