Our commitment leads us forward
The 2022 Yanfeng International Environmental, Social and Governance (ESG) Report highlights the company’s sustainable performance around the world in the areas of governance, human rights, community engagement, labor and people, the environment, anti-corruption as well as our supply chain.
As a leading global automotive supplier, Yanfeng has made a commitment to ethically serve and improve the communities in which we live and work around the world. On a daily basis, our 57,000 global employees are committed to helping us achieve this through sustainable practices, living our company values and acting with the utmost integrity in all that we do. We cannot achieve our sustainable growth targets and continued success without each employee’s dedication, commitment, and passion to uphold the highest ethical standards, and to comply with all legal requirements everywhere in the world where we do business. Our values and principles will always guide our business success.
From an ESG business practice perspective, Yanfeng holds its supply base to the same standards as to its employees. To underscore this, a Partner Code of Conduct was introduced, which suppliers are expected to adhere to in terms of ethics and integrity.
In addition to the social commitment, Yanfeng is concentrating on the environmental aspect of sustainability. It’s prominent in everything from how products are designed and where they are manufactured – in plants that leverage renewable energy and sustainable processes. Yanfeng’s carbon reduction strategy includes multiple milestones that helps the company to achieve the target of net-zero emissions in 2050 (Scope 1, 2 and 3 upstream).
To learn more about the details behind Yanfeng’s approach on the three areas of ESG please take a look at our 2022 report below.