ZTE Achieves EcoVadis Gold Medal for Sustainability
ZTE Corporation, a leading global provider of integrated information and communication technology solutions, has recently been honored with the prestigious EcoVadis Gold Medal for its remarkable sustainability practices. This accolade not only reflects ZTE's commitment to environmental stewardship but also positions the company among the top four percent of companies evaluated by EcoVadis worldwide.
Excellence Recognized
The EcoVadis Global Sustainability Performance Overview Report for 2024 highlights ZTE's outstanding performance in various essential categories: environment, labor and human rights, sustainable procurement, and ethics. This recognition places ZTE in the top 2% within the communications equipment manufacturing industry, underscoring its dedication to responsible business operations and sustainable practices.
To earn the EcoVadis Gold Medal, companies must rank in the 95th percentile or above, and ZTE has managed to achieve a score that ranks them in the 96+ percentile globally. EcoVadis evaluates companies based on their sustainability efforts, providing a comparative score against other organizations in its extensive database.
Performance Across Categories
Environmental Efforts: ZTE has been recognized for being in the top 7% of companies in the communications equipment sector, demonstrating its ongoing efforts to reduce environmental impact and promote eco-friendly practices.
Labor and Human Rights: In this area, ZTE stands out in the top 3%, reflecting its commitment to fair labor practices and upholding human rights standards.
Sustainable Procurement: The company also ranks in the top 3% for its responsible procurement initiatives, showcasing its adherence to ethical sourcing and supply chain management.
Ethical Governance: ZTE excels ethically too, being recognized among the top 3% for its solid governance practices, reinforcing its dedication to transparency and integrity in business operations.
Continued Commitment to Sustainability
In celebration of their achievement, EcoVadis plans to plant a tree on behalf of ZTE, in partnership with the non-profit One Tree Planted. This initiative aligns with ZTE's broader sustainability goals and its commitment to environmental conservation.
ZTE has been a member of the United Nations Global Compact (UNGC) and the Global Enabling Sustainability Initiative (GeSI) since 2009, publishing its sustainability report for 16 consecutive years. Its contributions to global sustainable development have been widely acknowledged.
The company is notably the first major information and communication technology enterprise in China to receive dual approvals from the Science Based Targets initiative (SBTi) and has been included in the A-list of the CDP for its climate strategy. Additionally, ZTE has appeared in the FTSE4Good Index Series for the ninth consecutive year and has been part of the Hang Seng Corporate Sustainability Index for 13 years.
Recognition and Future Goals
Recently, ZTE was also awarded honors at the 6th BDO ESG Awards 2024, receiving both the “Theme Award” and the “Outstanding ESG Performance of H-Share Companies.” These awards spotlight ZTE's ongoing commitment to sustainable development through innovative practices and corporate responsibility.
With its EcoVadis Gold Medal, ZTE reinforces its position as a leader in the industry, dedicated to fostering innovation while maintaining a strong focus on sustainability standards.
About ZTE
ZTE is committed to shaping a better future through continuous innovation. The company provides cutting-edge technologies and integrated solutions, encompassing both wireless and wired devices, alongside professional telecommunications services. Serving over a quarter of the global population, ZTE aspires to create a digital and intelligent ecosystem that facilitates connectivity and fosters trust. Publicly traded in Hong Kong and Shenzhen stock exchanges, ZTE's mission is to ensure sustainable growth and responsible business practices continue to be at the forefront of its operations.
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