With the theme "Full-chain innovation leads, green transformation shapes the future", this year's conference aimed to inspire ESG innovation initiatives among Chinese companies and promote the development of the ESG system with Chinese characteristics. Participants included representatives from national ministries and regulatory authorities, central state-owned companies, academic institutions, professional organizations, as well as leading companies in such fields such as internet, manufacturing, and finance. 

In his speech, Wang Tao shared Yanfeng's sustainable development strategy and innovative practices in supply chain low-carbon transformation and circular economy, fully demonstrating Yanfeng's firm commitment to promoting sustainable development across the entire industrial chain and the progress achieved. 

Yanfeng has engaged in carbon reduction work since 2019, and our solid investment in the ESG field has won high recognition from international authoritative institutions. Yanfeng not only received an A- rating in climate change from the Carbon Disclosure Project (CDP) for four consecutive years but also obtained the EcoVadis Gold Certification for the first time in 2024. This marks Yanfeng's outstanding performance in environmental management and social responsibility, which has reached a global leading level. 

Focusing on supply chain low-carbon transformation and circular economy, Wang Tao highlighted Yanfeng's systematic initiatives: 

• Large-scale application of recycled materials: In 2024, Yanfeng's global procurement of recycled resins increased by 31% compared to the previous year. Sustainable materials such as renewable natural fibers and bio-based materials have been widely used in products like smart cabin. 

• Zero-carbon optimization of energy structure: Yanfeng continues to promote distributed photovoltaics for self-generation and self-consumption, as well as the purchase of green electricity. In 2024, the proportion of renewable energy used in global operations reached 42%. 

• Carbon emission data collection: In 2022, Yanfeng launched a carbon emission tracking system. Up to now, more than 130 plants worldwide have been connected to this system, providing a reliable data foundation for internal carbon management and information disclosure. 

Looking ahead, Wang Tao emphasized that Yanfeng will deeply integrate ESG concepts into every aspect of its development and strengthen collaboration with partners in the field of sustainable development. "The supply chain is the core battlefield for Yanfeng to implement the ESG strategy. Through close partner collaboration, we are transforming the requirements for low-carbonization and circularization into specific actions, jointly contributing to the green transformation of the automotive industry and moving towards a zero-emission future."