HANGZHOU, China, May 23, 2024 /PRNewswire/ -- Hikvision has
published its 2023 Environmental, Social and Governance (ESG)
Report, disclosing its ESG practices and performance for the sixth
consecutive year. The report offers a comprehensive look at
Hikvision's focus on sustainability and its ESG priorities and
actions, reaffirming the company's commitment to fulfilling
corporate social responsibility with innovative and sustainable
technologies.
"Practicing the ethos of 'Tech for Good', adhering to
'pragmatism', and exploring 'Green' transformation, Hikvision
leverages our products to deliver the value of sustainable
development," said Huang Fanghong, Chief Compliance Officer and
Senior Vice President of the company. "We firmly believe that
together with the momentum of digital transformation and
technological advancements, we will attain stable and sustainable
growth."
With the belief that technologies play a pivotal role in
promoting overall well-being, Hikvision has formulated an ESG
management framework with "Tech for Good" as its core. With this
mission in mind, the year 2023 was marked by the company's
continued commitment to sustainability-driven innovation to benefit
the society at large. Leveraging cutting-edge technologies,
Hikvision endeavored to protect historical relics, prevent water
and air pollution, as well as enhance efficiency and productivity
in manufacturing. Moreover, the company has contributed to
providing more educational resources for children in remote areas,
ensuring abundant apple harvests, and safeguarding wildlife,
fulfilling its part to further the aspiration to build a better
world.
Apart from giving back to the society with innovative
technologies, Hikvision places great emphasis on integrity and
compliance, low-carbon development, and harmonious relationships
with employees, partners, and communities, integrating these
principles into its ESG management framework.
ESG performance highlights during the reporting period
include:
- The company released the Hikvision Global Human
Rights Policy, embedding the respect for human rights in the
company's governance and operations.
- Hikvision formulated and introduced the Management Procedure
for Greenhouse Gas Emissions, aiming to reduce greenhouse gas (GHG)
emissions and promote low-carbon operations.
- Hikvision further integrated eco-friendly principles into the
process of product R&D, design, packaging and utilization. By
acquiring carbon footprint verifications of representative
products, the company evaluated the GHG emissions throughout those
products' life cycles for continuous improvement.
- While promoting energy savings, Hikvision also proactively
advanced the procurement of green power. In 2023, around 12,533.7
MWh of power was generated by photovoltaic systems deployed in the
company's manufacturing bases.
- Hikvision continued to drive sustainable development through
innovation, winning 1,884 invention patents in 2023. The R&D
investment of the company reached RMB 11.39
billion, up 16.08% year-over-year.
- Adhering to responsible procurement, Hikvision
continuously enhanced supplier management. 100% of the new
suppliers of the company were screened using the environmental and
social criteria.
- Hikvision provided its employees with a series of trainings to
support their personal and professional development, with total
training time reaching 1,534,482 hours.
- Hikvision employees engaged actively in volunteer activities,
collectively dedicating over 20,000 service hours.
You can view and download the full ESG report here.
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