From groundbreaking practices to impactful collaborations LiuGong (000528.SZ) has always demonstrated its commitment to a sustainable future. Recently, LiuGong celebrated the first anniversary of the Green Alliance, marking a year of significant sustainability efforts and reaffirming its commitment to continued sustainable development.
Advancing sustainability with Green Alliance
At the end of 2023, LiuGong took a significant step towards sustainability by establishing the Green Alliance in collaboration with its key customers, merchants and several non-profit organizations. This initiative aims to allocate a portion of the annual sales proceeds of LiuGong’s electrical products to philanthropic projects in Africa, reinforcing its commitment to social responsibility.
In May 2024, the Green Alliance reached a milestone by launching a water well charity project in South Africa. This project introduced Africa’s first electric earthmoving machines. In August, LiuGong completed the first phase of the project in Mabeskraal, South Africa. A 150-meter-deep well equipped with a solar-powered pump now supplies over 25,000 households with clean water.
Beyond the Green Alliance, LiuGong’s commitment to sustainability is also evident in other areas.
Pioneering environmentally friendly, intelligent manufacturing with the electrification initiative
LiuGong has promoted the research and development of electrical equipment technology and product electrification. A dedicated research institute provides technical support and promotes the industrialization of components to build an industrial ecosystem. To date, the LiuGong electrical appliance product line includes 11 categories with various power options, promoting a green ecosystem. With over 6,500 units sold worldwide, carbon emissions have been reduced by 330,000 tonnes, the equivalent of planting over 18 million trees. Throughout 2023, LiuGong has been committed to global electrification. More than 10% of its monthly international sales come from electrical products, which significantly reduce carbon footprints and encourage investment in a sustainable future.
The company is also accelerating independent development of key components by completing the first phase of a battery pack factory and commissioning various power supply facilities. Key achievements in intelligent technology include the deployment of autonomous loaders and rollers in mines and highways, enabling precise planning and management, effectively reducing costs and increasing efficiency.
Improving environmental management through proactive measures
LiuGong strives for zero-pollutant production and maximum recycling of resources. In 2023, the company invested 41.61 million yuan in product life cycle management, focusing on energy saving and emission reduction. Sewage and exhaust emissions met standards and hazardous waste was managed effectively without any pollution incidents.
During the year, 27 projects were implemented to reduce VOCs, sweat fumes and other pollutants. Energy consumption has been optimized through policies and photovoltaic initiatives, with local solar energy expected to generate 52 million kWh annually, reducing emissions. Employee training and the promotion of a green culture additionally support an environmentally friendly LiuGong.
Building a green supply chain through strategic collaboration
LiuGong aims to create an efficient system through various initiatives. An important focus is green procurement, which incorporates environmentally friendly practices from needs assessment to product acceptance, such as: B. favoring energy-efficient products and services, replacing wooden and cardboard packaging with reusable tools and much more.
Supplier management is solid, with audits and assessments of financial, capacity, quality and ESG aspects to promote long-term collaboration. Digitalization via the SRM platform saves 4.3 tons of paper annually. A collaborative cloud platform facilitates real-time interaction with over 1,500 suppliers, increasing industrial chain efficiency and promoting LiuGong’s supply chain.
In the coming year, LiuGong will continue its ongoing commitment to integrating sustainability into its business practices. Meanwhile, the Green Alliance will advance its mission by building a second well in The Gambia, reinforcing its commitment to global sustainability.
LiuGong Global Brand and Marketing, overseas.marketing@liugong.com; Tiffany, zhangtianyi@liugong.com
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