Persisting in High-quality Development | Huabao's Wind ESG Rating Has Jumped to Level A

On August 1, 2024, Wind, an ESG rating agency, officially released the latest annual ESG rating data for 2024. The latest rating of Huabao rose two consecutive levels from BB in 2023 to A in 2024, with the comprehensive ESG score of 7.22, ranking 10th out of the 240 companies in the food industry included in the selection, and 5th out of the listed companies in Chinese food industry. Huabao is also the only listed company in the domestic flavor and fragrance industry that has been rated as Level A.

Top 20 Listed Companies in the Food Industry in ESG Rating by Wind in 2024

Regarding this rating-

According to public data, the number of Chinese companies in the food industry that have reached Level A or above only accounts for 6.25%. Huabao scored 4.92, 7.78, and 5.58 in terms of environmental, social, and governance, respectively, which exceeded the industry average, indicating that Huabao has achieved significant results in implementing ESG concepts.

The ESG rating system of Wind defines companies that receive Level A as having "high corporate management level, low ESG risk, and strong sustainable development capabilities". Huabao has been adhering to and practicing the development mission of "green, nutritious, and healthy", providing customers with product flavor system solutions and comprehensive technical services, and promoting the integration of ESG concepts into its strategic development and daily operations.

In terms of governance, Huabao has officially elevated its ESG work to a strategic level, established and improved its ESG governance system, and set up the Strategy and ESG Committee under the Board of Directors, providing unified leadership, decision-making, and organizational implementation for ESG work, offering guarantee for the promotion of ESG work, and laying a solid foundation to achieve long-term value creation.

In terms of social responsibility, Huabao has been adhering to the goal of "providing customers with the ultimate products", creating the best quality and most cost-effective products for customers, thereby effectively enhancing product competitiveness and customer satisfaction. While fulfilling its customer responsibilities, Huabao has constantly improved its social welfare and employee care system, actively invested in rural revitalization, helped the development of education, actively promoted the public welfare education project named "Flower Growth Plan", participated in the charity donation activity for rural revitalization in Xizang named "Love under the Blue Sky", and worked hard to promote the prosperity of both Huabao and the society.

In terms of employee care, Huabao has always paid attention to the health needs of employees, implemented the concept of happy employees, and continuously enhanced the sense of belonging, achievement and happiness of employees by building reassuring scenes for employees, equipping Mommy’s House of Huabao, providing employees with sports and fitness facilities, and various cultural and sports activities, so as to achieve the common development of employees and Huabao.

In terms of environmental protection, Huabao has always actively responded to China’s "dual carbon" goal, established a sound environmental management system in strict accordance with relevant requirements of environmental protection, continuously improved and maintained environmental protection facilities, established sewage treatment system and process waste gas treatment system, disposed of solid waste in accordance with the law, and actively took measures to address possible environmental and safety risks.

In the future, Huabao Group will continue to firmly implement the ESG high-quality sustainable development concept, achieve the mission of “Flavor Your Life”, act as a promoter of healthy China, and make contribution to letting Chinese taste go global, so as to gradually form a green and sustainable development industrial ecology and jointly create lasting value.