Environmental, Social and
www.sanyre.com.cn
Governance (ESG) Report
Contents
About This Report 01
Message from the Chairman 03
About SANY Renewable Energy 05
Sustainability Strategies 09
and Goals
Sustainability
Approach
Sustainability Governance
Green
Development 02
Environmental Management 25
Talent Cultivation for
Business Prosperity
Labor Rights 37
Structure
Response to Climate Change 26 Employee Development 42
Stakeholder Engagement 16
Green Operation 29 Occupational Health 45
Materiality Assessment 17 and Safety
Environmental Management 33
Sustainability Cooperation 21 Throughout Product Lifecycle
and Engagement
Ratings and Awards 22
Excellent
Quality 04
Product Quality Management 51
Business
Integrity
Corporate Governance
Community
Responsibilities 06
Community Engagement 79
R&D and Innovation 53 Compliance and Risk 69 Public Welfare and Charity 80
Management
Sustainability Highlights 81 Customer Service 59
Business Ethics 72
Sustainable Supply Chain 60
SSE Index Table 89
Data Security and 74
Privacy Protection
GRI Index Table 90
Independent Third-Party 95
Assurance Report
Message from the About SANY Sustainability Strategies Talent Cultivation for Community
About This Report Sustainability Approach Green Development Excellent Quality Business Integrity Appendix
Chairman Renewable Energy and Goals Business Prosperity Responsibilities
About This Report
Overview
SANY Renewable Energy Co., Ltd. hereby issues the third Environmental, Social and
Governance (ESG) report, which discloses the Company’ s sustainability-related strategies,
policies, actions and achievements during the Reporting Period to stakeholders.
This Report presents the ESG performance of SANY Renewable Energy in 2024 (covering
the period from January 1, 2024 to December 31, 2024), with some information beyond the
above timeframe.
Reporting Scope Full Name Abbreviation
With SANY Renewable Energy as The Reporting entity, This Report covers SANY Renewable Energy and its holding SANY Renewable Energy Co., Ltd. SANY Renewable Energy
subsidiaries. The scope of This Report is consistent with the Company’ s 2024 Annual Report. Environmental data
Sany Zhangjiakou Wind Power Technology Co., Ltd. Sany Zhangjiakou
included in This Report covers all production bases and key office locations. Any discrepancies between specific
information or data boundaries and the overall reporting scope are explicitly noted in the main text. Sany (Shaoshan) Wind Power Equipment Co., Ltd. Sany Shaoshan
Sany Renewable Energy Equipment (Chenzhou) Co., Ltd. Sany Chenzhou
Basis of Preparation Tongyu County Sany Wind Power Equipment Technology Co., Ltd. Sany Tongyu
This Report is prepared in accordance with the Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of
Sany (Bayannur) Wind Power Equipment Co., Ltd. Sany Bayannur
Listed Companies - Sustainability Report (Trial), and with reference to the GRI Sustainability Reporting Standards (GRI
Standards) of the Global Sustainability Standards Board (GSSB), the IFRS S2: Climate-related Disclosures issued by the Sany (Tacheng) Wind Power Equipment Co., Ltd. Sany Tacheng
International Sustainability Standards Board (ISSB), and the United Nations Sustainable Development Goals (SDGs).
Sany (Barkol) Wind Power Equipment Co., Ltd. Sany Barkol
Sany (Xilingol) Wind Power Equipment Co., Ltd. Sany Xilingol
Data Sources
The financial data in This Report is derived exclusively from the Company’ s annual report. Other data originates from Confirmation and Approval
internal official documents, publicly available records, and third-party verified sources. All amounts are in CNY unless
otherwise stated. The Board of Directors of SANY Renewable Energy confirms that This Report contains no deceptive This Report was approved by the Board of Directors on April 28th 2025, upon confirmation by the management.
content, misleading descriptions or material omissions.
Access to This Report
Abbreviations
This Report is published in both electronic and printed formats. The electronic version can be downloaded from the
For clarity and readability, “SANY Renewable Energy”, “we” and “the Company” in This Report refer to SANY Renewable Shanghai Stock Exchange (SSE) website, or the official website and WeChat official account of SANY Renewable Energy.
Energy Co., Ltd. The full names and abbreviations of subsidiaries in This Report are as below, unless otherwise stated. Your opinions and suggestions are highly valuable to us. For any inquiries or recommendations regarding the Company’ s
sustainability disclosures and performance, please email us at sanyreir@sany.com.cn.
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Chairman Renewable Energy and Goals Business Prosperity Responsibilities
Message from the Chairman
In 2024, SANY Renewable Energy ramped up efforts in the four We pursue excellent quality as the foundation of management.
sustainability strategies: green development, talent cultivation, excellent In 2024, we achieved significant breakthroughs in R&D innovation and
践行 ESG 理念，推动企业与社会、环境的和谐共生。
quality and business integrity, achieving remarkable accomplishments. product quality enhancement. These included the advancement in the
We remain committed to our vision to “build first-class enterprises, development and application of multiple wind turbine models, with
foster first-class talents, and make first-class contributions”
, actively notable succes s in the 922 plat form 15 M W onshore wind turbine
implementing ESG principles to facilitate harmonious coexistence of the SI-270150, and the 919 platform 10 MW wind turbine SI-230100. We
enterprise with society and the environment. continue to fuel digital and intelligent transformation by establishing a
unified smart management platform. With this platform, we are able to
We adhere to green development as the cornerstone of our operations.
drive comprehensive upgrades in production, quality control, and service
In 2024, we committed to set science-based carbon targets (SBTi),
operation and maintenance, thereby strengthening our products’ market
secured the Ecovadis silver certification, implemented ecological
competitivenes s . Looking ahead, we will s teadfas tly embrace the
restoration practices at wind farms, and advanced the construction of
philosophy that “Quality Changes the World”, and continue to pursue
the world’s first “Lighthouse Factory” in the wind power industry, making
excellence in craftsmanship and innovation-driven development.
significant strides in protecting the green ecosystem. We provide
integrated wind power solutions, dedicated to reducing greenhouse gas We uphold integrity as the bedrock of our business.
emissions and accelerating the clean energy transition. Through In 2024, we improved policies for business ethics and information security
technological innovation and intelligent upgrades, we significantly lower management by establishing an ISO 37001 anti-bribery management
energy consumption and carbon emissions. These efforts enable us to system, achieving new milestones in corporate governance. We also
make substantial contributions to environmental protection, fulfill our developed a supplier code of business ethics, incorporated ethical
low-carbon commitments, and lead industry transformation. considerations in corporate social responsibilit y assessments, and
established an integrity-driven value chain. By practicing integrity in our
We prioritize talents as the driving force for corporate growth.
operations globally, we have earned widespread trust of clients and
In 2024, we updated our labor and human rights protection policies,
partners. We commit to continuously contributing to industry-wide healthy
refined our talent development and incentive mechanisms, and further
development, building a corruption-free ecosystem, and upholding
Chairman of SANY Renewable Energy Co., Ltd. Zhou Fugui optimized employee compensation and benefits. We also attract top
business ethics.
talents through global expansion and multi-channel cooperation.
Meanwhile, we create a healthy, safe, diverse, and inclusive workplace Moving forward, SANY Renewable Energy will remain steadfast in its
for our employees and those of our stakeholders, comprehensively pursuit of high-quality development, continuously deepen sustainability
safeguarding their rights and interests. We will continue investing in this practices, and promote harmonious coexistence of the enterprise with
regard to build a globally competitive team that unleashes talent s ociet y and the environment. We are conf ident that, through the
potential and drives co-prosperity. concer ted ef for ts of all employees, we will light up the world with
high-quality clean energy and step into a green, low-carbon future.
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Chairman Renewable Energy and Goals Business Prosperity Responsibilities
About SANY Renewable Energy
Company Profile
SANY Renewable Energy Co., Ltd. was founded in 2008 and is committed to
becoming a global leader in the field of clean energy equipment supply and services.
The Company was officially listed and traded on STAR Market of Shanghai Stock
Exchange on June 22, 2022 (stock code: 688349). SANY Renewable Energy is
among the Global Top 500 New Energy Companies and recognized by the Ministry
of Industry and Information Technology of the People’s Republic of China as the
Benchmark Enterprise for Intelligent Manufacturing. SANY Renewable Energy’s
market share has increased significantly and ranking sixth among the global wind
turbine manufacturers and Top 5 Chinese wind turbine manufacturers.
Business Operations
The main businesses of SANY Renewable Energy includes the R&D, manufacturing
and sales of wind turbines, and the designing, construction, and operation
management of wind farms. By integrating international research and technology
resources, SANY Renewable Energy continues to create wind turbine products with
competitive advantages, and has the ability to independently design, construct and
operate wind farms. SANY Renewable Energy has developed comprehensive wind
energy solutions integrating top-level digital design, intelligent manufacturing,
complete system integration, and core components manufacturing, as well as wind
farm design, EPC, and operation and maintenance.
Corporate Culture
Driven by the concept of “Leading the Future with Intelligent Manufacturing” and
our vision of “Promoting Efficient Utilization of Clean Energy ,” SANY Renewable
Energy is actively contributing to China’s goals of “Carbon Peaking and Carbon
Neutrality,” and supporting the global transition to clean energy.
Leading the Future Promoting Efficient Actively Contributing to China’ s
with Intelligent Utilization of Goals of “Carbon Peaking and
Manufacturing Clean Energy Carbon Neutrality”, And
Supporting the Global
Transition to Clean Energy
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Chairman Renewable Energy and Goals Business Prosperity Responsibilities
Economic Performance Environmental Performance Social Performance
Total Assets Revenue Scope 1 Emissions Total Employees
RMB 41,403 Million RMB 17,792 Million 12,703 Tonnes of CO₂ Equivalent 6,330
Incidents of Child Incidents of
Net Profit Attributable to the Parent Scope 2 Emissions - Scope 2 Emissions - Labor and Harassment and
Company Market-Based Location-Based Forced Labor Discrimination
RMB 1,812 Million 115,651 Tonnes of CO₂
Equivalent 120,240 Tonnes of CO₂
Equivalent 0 0
Wind Turbines Provided Equivalent to reducing Number of New Occupational
R&D Investment Percentage of R&D by the Company CO2 Emissions Work-Related Fatalities Disease Cases
Expenditure to Revenue Have Cumulatively
Generated Electricity 72.87 million tonnes 0 0
RMB 777 Million 4.37% 135.8 billion KWh
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Chairman Renewable Energy and Goals Business Prosperity Responsibilities
Sustainability Strategies and Goals
Guided by the vision of “To Promote Efficient Utilization of Clean Energy”
, SANY Renewable Energy is resolutely advancing In alignment with the United Nations’ 17 Sustainable Development Goals (SDGs), we have identified material issues
toward becoming a global leader in clean energy equipment supply and services. By establishing a sustainability across the four strategic pillars to establish actionable sustainability management goals. Through targeted action plans
strategy framework centered on four strategic pillars, i.e., green development, talent cultivation, excellent quality and and continuous performance tracking, the Company drives systematic progress toward achieving SDGs.
business integrity, the Company drives sustainable commercial practices and organizational transformation, creating
value for all stakeholders.
Green Sustainability
Management
Develop carbon strategies to progressively manage and reduce
Scope 1, 2 and 3 greenhouse gas (GHG) emissions
Development Goals Achieve 100% compliant disposal of general and hazardous waste
Promote product environmental impact certifications and reduce
lifecycle carbon footprint per unit product
Vision To Promote Efficient Utilization of
Clean Energy
Highlights
Percentage of Renewable Energy Use 9.73%
Becoming a global leader in the field of clean energy equipment supply and services,
Sustainability
contributing to China’s ‘‘Carbon Peaking and Carbon Neutrality’’ initiative
Total Water Withdrawal 419,341.34 m?
Driving Force
and the world’s clean energy transition
Wastewater Discharge 348,492.02 m?
Strategic Green Talent Excellent Business Response to climate change、Emission and waste management
Pillars Development Cultivation Quality Integrity Material Biodiversity protection、Environmental compliance management
Issues Energy management、Opportunity from clean technologies
Water resource management、Product lifecycle management
Taking decarbonization Adhering to the talent Increasing investment Regarding honesty
as a core strategy, concept of ‘‘hard work in R&D to manufacture as the basic
continuously reducing and perseverance in intelligent wind Sustainability
the overall achieving success’’, turbines that ‘‘can
principle, and
continuously Talent Management
Zero incident in practice
Strategic
environmental impact
of the Company’ s
and attracting
high-quality talents
sense, decide and
execute’’ and building
improving
business ethics
Cultivation Goals
Employee satisfaction over 90%
operations and by continuously intelligent wind farms Zero tolerance and zero violation for labor rights
Goals rules and
products, to create an enhancing the training that ‘‘achieve ultimate regulations to violations and zero human rights incidents in
environment friendly system and improving safety, excellent realize sound operations
enterprise. employee benefits. energy performance, management.
and optimal operation Career guidance for all employees
and maintenance’’.
Highlights Forced Labor
Incidents of Harassment and 0
Discrimination
Employee satisfaction Survey Score 84.7
Training Coverage 100%
Material Equality and diversity、Labor and human rights protection
Issues Human capital development、Occupational health and safety
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Chairman Renewable Energy and Goals Business Prosperity Responsibilities
Sustainability
Excellent Management
large megawatt technologies, and promote the adoption
Quality Goals and scaling of clean energy
Achieve 100% signing rate for the Supplier Code of
Conduct
Highlights
Number of R&D Personnel 752
Percentage of Suppliers Signing 98.8%
the Supplier Code of Conduct
Material R&D and innovation、Sustainable supply chain
Issues Safety and quality of products and services
Business Sustainability Conduct business ethics training with a 100% coverage rate
Management
Integrity Goals
Ensure a 100% signing rate for the Business Ethics Commitment
Letter among employees
Foster an atmosphere of integrity in business operations, and
strengthen mechanisms for supervision, inspection and restraint
Business Ethics
Highlights
Percentage of Premises Internally 100%
Audited/Assessed for Business
Ethics Issues and Risks
Business ethics、Sustainable governance
Material
Compliance and risk management、
Issues
Data security and privacy protection
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Chairman Renewable Energy and Goals Business Prosperity Responsibilities
Sustainability Approach
Sustainability Management United Nationals Sustainable Development Goals (SDGs)
Sustainability governance, Stakeholder engagement, Materiality assessment, Sustainable cooperation and engagement,
Ratings and awards
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Sustainability Governance Structure Stakeholder Engagement
The Company has established a three-tier ESG governance structure, covering the governance, management, and execution SANY Renewable Energy prioritizes stakeholder concerns and regularly engages with all relevant parties through various
levels, with clearly defined responsibilities for sustainability governance. This structure systematically advances the Company’ s
channels. This enables us to better understand the expectations and suggestions from various sectors regarding the
ESG initiatives and ensures the compliance and operational efficiency of the sustainability management system.
Company’ s sustainability. On this basis, we actively address stakeholder concerns and feedback through concrete
actions, thereby advancing the continuous improvement of our ESG management.
Board of Directors
Governance Stakeholders Expectations and Requirements Communication Channels
Strategy and Sustainability Committee
Contract performance
Integrity and compliance
Customer feedback mechanism
ESG Steering Group Product and service quality
Market research
Management Product innovation
ESG Working Group Customers and Daily liaison
Business Partners Sustainable operation
Executives meeting
Execution Representatives from ESG-Related Departments
Annual and other periodic reports
Corporate performance
Investor relations website
Investment return
SANY Renewable Energy’ s Sustainability Governance Structure Shareholders’ meeting
Risk control and compliance governance
Authenticity, accuracy, timeliness and Board meeting
Governance Shareholders completeness of information disclosure Information disclosure
and Investors
Sustainable operation Visitor reception
The Board of Directors is the highest responsible body for sustainability at SANY Renewable Energy. To strengthen the
Board’ s management of ESG matters, the Company has established the Strategy and Sustainability Committee (Former
Strategy and Development Committee) under the Board. The Committee assists the Board in researching and providing Compliant operations
Response to national policies
recommendations on long-term strategic planning, major strategic investments, sustainability plans, and ESG initiatives.
Tax compliance
The responsibilities of the ESG Committee cover ESG-related strategy, objectives, performance, reporting, and other Special conference
ESG-related duties assigned by the Board. For details, please refer to the Rules of Procedure for the Strategy and Employment promotion
Communication and reporting
Sustainability Committee. By the end of the Reporting Period, the Committee comprised three members: the Chairman Contributing to local economic development
Surveys and interviews
Mr. Zhou Fugui (Chair), Mr. Xiang Wenbo (Executive Director), and Mr. Yang Min (Independent Director). Government and
Implementing national initiative of carbon
Regulators peaking and carbon neutrality Inspection and evaluation
The Strategy and Sustainability Committee is required to hold at least one meeting annually. Detailed meeting records
can be found in the Company’ s 2024 Annual Report. The Committee reviewed and approved the ESG report of 2024,
received updates and plans from management on ESG progress during the Reporting Period, and discussed ESG trends Employee meeting, daily
Employees’ rights and interests communication
and developments within the Company and the industry. The ESG Steering Group and ESG Working Group also reported
to the Strategy and Sustainability Committee periodically on major ESG decisions, based on the latest sustainability Occupational health and safety Complaint mechanism
trends in markets and regulations, as well as updates to the Company’s business strategies. Career development plan Employee training
Employees Remuneration and benefits Employee satisfaction survey
Management Execution
Mutual benefits and integrity in
contractual performance Contract performance
To assist the Strategy and Sustainability Committee in guiding and The execution level, comprising representatives
overseeing the Company’s ESG efforts and implementing ESG strategies from various functional departments involved in Long-term cooperation Information announcement
and goals, the Company has established an ESG Steering Group and an the Company’s ESG matters, is responsible for Supplier assessment and audit
Supplier assistance and empowerment
ESG Working Group at the management level. The ESG Steering Group is implementing and advancing ESG initiatives. This
Suppliers Supplier communication and training
composed of management personnel who are involved in key ESG includes identifying ESG risks and opportunities Building green supply chains
management functions. The group is responsible for developing ESG in daily operations, formulating business-specific
strategies and goals, reviewing ESG plans and major ESG projects, and ESG objectives and work plans, and regularly Organizing charity events
promoting cross-functional ESG collaboration. The ESG Working Group is reporting progress to the ESG Steering Group Ecological environment protection
Voluntary services and
responsible for formulating ESG implementation plans, driving the and ESG Working Group. Promoting economic development community visits
implementation of strategies and gathering information from ESG-related Communities and and employment
Non-Governmental Open Day
departments on a regular basis. The working group is also responsible for Charity events and donations
Organizations Public media coverage
monitoring the implementation of the plans to advance the goals, and
regularly reporting the work progress to the ESG Steering Group.
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Chairman Renewable Energy and Goals Business Prosperity Responsibilities
Materiality Assessment SANY Renewable Energy 2024 Materiality Assessment Matrix
High
Accurately identifying, evaluating, and proactively responding to key sustainability issues contributes to enhancing the
Company’ s sustainability performance. We conduct annual reviews and evaluations of the mechanisms, procedures, and Response to
climate change
outcomes of materiality assessments. During the Reporting Period, in accordance with the Guidelines No. 14 of Shanghai R&D and
innovation
Stock Exchange for Self-Regulation of Listed Companies - Sustainability Report (Trial) (hereinafter referred to as the Opportunity from
“Guidelines” ), we initiated our first double materiality assessment for sustainability-related issues. Applying the “double clean technologies
materiality” principle, we extended beyond traditional impact materiality assessments to analyze the financial materiality
of each issue. This included evaluating the sustainability of resource usage and dependencies on ongoing operations,
while integrating perspectives from investors, management and other stakeholders. Through this process, 20 highly Biodiversity Safety and quality
Occupational of products and
protection
material issues were identified and mapped into a double materiality matrix. We have integrated materiality assessments health and safety services
into our comprehensive risk management processes. Leveraging our risk management and internal control systems, we Environmental Sustainable
Human capital
rigorously address associated risks while actively capitalizing on opportunities to drive long-term growth. compliance supply chain
management development
By integrating ESG management trends, industry best practices, capital market Data security and Labor and human
Impact Materiality
priorities, and regulatory requirements, and referring to the Company’s privacy protection rights protection
strategic plans, operational realities, and stakeholder engagement outcomes, Equality and Product lifecycle
Sustainable management
diversity governance
we identified 20 sustainability-related issues with high relevance to the Water resource
Emission and
Company, along with their impacts, risks, and opportunities. Among the 21 management
waste management Business ethics
categories of issues outlined in the Guidelines, 20 were incorporated into the Energy management Compliance and
Company’s materiality scope. Beyond the Guidelines framework, we risk management
Identification
additionally identified “compliance and risk management” as a material issue.
For detailed alignment, refer to the Index for Indicators section in This Report.
Charity and
community
engagement
Separate assessment questionnaires for “financial materiality” and “impact
materiality” were designed. Internal and external stakeholders were invited to
participate in surveys and interviews to evaluate the materiality of each issue.
Based on the findings, a double materiality matrix has been developed for the
Assessment Company’s ESG priorities.
General
Financial Materiality High
Based on the results of the materiality assessment, the Company has identified three highly material issues, nine
The ranking of material issues and the double materiality matrix, following
moderately material issues, and eight generally material issues. Among the highly material topics, “R&D and
management discussions and validation, were submitted to the Board of
Innovation” is considered the topic of double materiality, reflecting both high impact materiality and high financial
Review and Directors for final approval.
materiality. “Response to Climate Change” and “Opportunities from Clean Technology” are recognized as topics of
Confirmation
impact materialit y. In this Repor t, we disclose or explain each topic with reference to leading international
sustainability disclosure standards and the Company’ s actual circumstances. For topics ranked higher in terms of
impact materiality and/or financial materiality, we have provided a comprehensive overview of their impacts, risks and
opportunities, scope and timeframe, as well as a summary of the management approach. Please refer to the table
below for detailed information.
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Impact, Risk and
Material Issues Description Value Chain Timeframe
Opportunity
Driven by technological R&D, the Company leverages its leading R&D capabilities and technical expertise to create value for customers and provide the market with clean Short-term
Positive actual impact Operation Downstream Mid-term
technology solutions, supporting the clean energy transition across society. Value Chain Long-term
R&D and Risk
Failure to formulate an effective R&D strategy or maintain technological leadership may weaken the competitiveness of the Company’ s products, lead to a continuous loss of
Operation
Mid-term
market share, and reduce revenue. Long-term
Innovation
Leveraging its technological advantages, the Company offers wind turbine products characterized by high reliability, high power generation efficiency, and low levelized cost of Operation Downstream Mid-term
Opportunity electricity, thereby continuously enhancing competitiveness, consolidating and expanding market share, and driving revenue growth. Long-term
Value Chain
Through technological innovation and product optimization, the Company improves the efficiency and reliability of wind turbines, increases the adoption of wind power, and Short-term
Upstream Operation Downstream
Positive actual impact supports the global clean energy transition. It also promotes intelligent operation and maintenance and green manufacturing to enhance energy efficiency and contribute to Mid-term
global carbon neutrality goals. Value Chain Value Chain Long-term
Although wind energy contributes to emission reduction, the procurement, manufacturing, transportation, and installation of wind turbines still consume energy and Upstream Operation Short-term
Negative actual impact generate a carbon footprint. Value Chain Mid-term
Response to
Climate Change Climate change is increasing the frequency of extreme weather events such as heavy rainfall, hail, strong winds, and thunderstorms. Long-term shifts in climate patterns may raise
Short-term
Risk the operation and maintenance costs of wind farms, while short-term extreme weather may damage fixed assets, disrupt operations, increase operating costs, and reduce revenue. Operation Mid-term
Long-term
Short-term
The Company continues to invest in R&D and innovation in renewable energy, aligning with the global green energy transition trend. By continuously providing customers with wind Operation Downstream
Opportunity energy and other renewable energy products and services, the Company enhances its revenue.
Mid-term
Value Chain Long-term
The 28th United Nations Climate Change Conference (COP28) called on countries to triple global renewable energy capacity by 2030 and double the global average annual rate of Short-term
Upstream Operation Downstream
Opportunity Positive actual impact energy efficiency improvement. With the rollout of a series of national and local policies supporting the wind power industry, SANY Renewable Energy is well-positioned to seize
Value Chain Value Chain
Mid-term
clean technology opportunities and contribute greater value and innovation toward China’ s “carbon peaking and carbon neutrality” goals and the global clean energy transition. Long-term
from Clean
Short-term
Technologies Engaging in clean technology R&D and application helps reduce the Company’ s operating costs, expand market opportunities and share, build a strong brand image, Operation Downstream
Opportunity and increase revenue.
Mid-term
Value Chain Long-term
Short-term
High-quality and safe wind turbine equipment directly impacts customers’ operational efficiency and economic performance. Ensuring the safety and quality of wind turbine Downstream
Positive actual impact products and services is essential to promoting clean energy adoption and maintaining public trust.
Mid-term
Value Chain Long-term
Safety and Short-term
Product quality and safety incidents may lead to regulatory penalties, order reductions or cancellations, customer complaints, and compensation claims, resulting in increased Operation Downstream Mid-term
Quality of Products Risk operating costs, damage to brand reputation, shrinking market share, and reduced revenue. Value Chain Long-term
and Services
Short-term
Strong product quality management reduces failure rates, lowers maintenance costs, and improves operational efficiency, thereby enhancing market competitiveness and Downstream
Opportunity customer trust, and boosting the Company’ s revenue.
Mid-term
Value Chain Long-term
The Company strengthens supply chain risk management, assists suppliers in improving ESG performance, avoids sourcing conflict minerals, and promotes sustainable supply Upstream Operation Mid-term
Positive actual impact chain development. It also actively enhances supplier diversity and ensures fair treatment of SMEs in the supply chain to amplify sustainable impact. Value Chain Long-term
Sustainable Upstream Operation Downstream Short-term
Inadequate ESG risk management in the supply chain may lead to environmental or social incidents and supply disruptions, which could damage the Company’ s reputation,
Risk Mid-term
supply chain affect business continuity, and reduce revenue. Value Chain Value Chain
Long-term
Building a sustainable supply chain enhances supply stability and security, mitigates ESG risks, supports supply chain transformation and upgrading, ensures business continuity, Upstream Operation Downstream Mid-term
Opportunity strengthens market position, and increases the Company’ s revenue. Value Chain Value Chain Long-term
Short-term
By practicing circular economy principles and actively managing environmental impacts across the product lifecycle, the Company improves resource efficiency and reduces Operation Downstream
Positive actual impact Mid-term
resource consumption and waste generation. Value Chain
Long-term
Product lifecycle Upstream Operation Downstream Short-term
During the lifecycle of its products, the Company may face environmental challenges at the manufacturing and decommissioning stages of wind power equipment, such as the
Negative actual impact negative ecological impacts of raw material extraction and waste disposal. Value Chain Value Chain Mid-term
management Long-term
Short-term
Through the use of low-carbon and green materials, optimization of production processes, and adoption of renewable energy, the Company enhances its environmental Upstream Operation Downstream
Opportunity performance, meets customer demand for environmentally friendly and sustainable products, and improves market competitiveness and brand image. Value Chain Value Chain
Mid-term
Long-term
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Chairman Renewable Energy and Goals Business Prosperity Responsibilities
Sustainability Cooperation and Engagement Ratings and Awards
SANY Renewable Energy actively responds to global sustainability initiatives. The Company voluntarily engages in the Through systematic and ef ficient sustainabilit y management, SANY Renewable Energy has achieved marked
industry ecosystem, and collaborates with partners in advocating sustainability principles and sharing innovative improvements in environmental, social and governance performance. During the Reporting Period, the Company
practices. With its global vision and steadfast sustainability commitments, the Company works with worldwide achieved substantial improvements across key ESG ratings.
stakeholders to embrace a greener and sustainable future.
Sustainability Ratings
Membership in Associations and Initiatives
Category 2024 Ratings
In December 2023, the Company joined the UNGC, committing to
supporting UNGC’ s ten principles relating to human rights, labor, EcoVadis Silver
United Nations Global environment and anti-corruption. We strive to continuously
Compact (UNGC) i n t e g r a t e s u s t a i na bil i t y i n t o o u r b u s i n e s s s t r a t e g ie s a n d CDP Climate Change Questionnaire B
operations, create ESG value with our partners, and advance the
UN SDGs. Listed in the S&P Global Sustainability Yearbook
S&P Global Corporate Sustainability Assessment (CSA) 49 (China Edition) 2025
In July 2024, the Company became an official member of China
ESG Alliance, demonstrating its commitments to sustainable China Securities Index ESG Ratings AA
China ESG Alliance practices and the development of wind power industr y. As a
member, SANY Renewable Energy will share its best practices, Sino-Securities Index ESG Ratings A
accelerate low-carbon technology innovation and catalyze green
transition across supply chains.
Sustainability Awards
Industrial Exchanges and Cooperation
ESG Seminar at WindEnergy Hamburg ESG Communications with Investors
I n S e pte m b e r 2024 , S A N Y Re n ewa ble En e rg y h os te d a n Upon visit by delegates from the Listed Companies Association “New Value, New Momentum: “High-End Think Tank Perspectives
ESG-focused seminar at WindEnergy Hamburg. Representatives of Beijing and its member organizations in November 2024, 2023-2024 Annual Admired on New Quality Productive Forces &
from the Global W ind Energ y Council and other indus tr y SA N Y Renewable Energ y conduc ted exchange ac tivities Companies Summit” - “Most The 2nd ‘Vitality· ESG’ Innovation
associations gathered at the seminar to delve into the latest centered on “ESG and Sustainability”. These activities were held Admired Company” Forum” - “ESG Eco- Friendly Case”
landscape, challenges, and trends in sus tainabilit y of the in the form of “site visit and roundtable discussion” . Delegates
industr y. At the seminar, Paulo Fernando Soares, Managing visited SANY Renewable Energy’ s Shaoshan Blade Factory to The Economic Observer 21st Century Business Herald
Director of SANY Renewable Energy Europe, highlighted the gain an in - depth insight into the Company’ s green and Orient Securities
Company’ s dedication to sustainability, and emphasized the manu fac t uring and s mar t manu fac t uring pr ac tice s . T he
pivotal role of technological innovation, communit y Company shared its business growth, core operations, and ESG
responsibilities and transparent governance in advancing advancements to the delegates. And the Company highlighted
sustainability efforts. that, by leveraging technological innovation and management
optimization, it achieved higher resource ef ficienc y and
At the seminar, the Company released the SANY Renewable
elevated approach to environmental protection, alongside
Energy 2024 Climate Action White Paper, which outlines crucial ESG Golden Dawn Award - Corporate The Second China Reform Cup - ESG
s tronger governance and social impac t. These ac tivities
strategies for climate change adaptation and mitigation. The Governance Award Golden Bull Award Top 100
underscored SANY Renewable Energy’ s industry leadership in
Company pledged to implement the Science Based Targets
sustainability practices, and provided valuable practical insights
i n i t ia t i v e ( S B T i) t o d r i v e t h e p r o g r e s s i n r e d u ci n g G H G Securities Market Weekly China Securities Journal
for industr y peers to collectively advance low- carbon
emissions. These initiatives aim to inspire collaboration across
development.
the industry in advancing the global energy transition toward a
greener and sustainable future.
Best Practice of the Board of Directors
“SSE·Gold Quality” ESG Award
of Listed Companies
Shanghai Securities News China Association for
Public Companies
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Chairman Renewable Energy and Goals Business Prosperity Responsibilities
Green Development
SANY Renewable Energy adheres to green development as the
cornerstone of its operations. Determined to become a global
leader in clean energy equipment supply and services, we embrace
green development principles, and fulfill corporate environmental
responsibilities. We strive to promote efficient utilization of clean
energy, and press ahead with the green energy transition.
Sustainability Issues United Nationals Sustainable Development Goals (SDGs)
Environmental compliance management, Response to climate change, Energy management, Water resource management,
Emission and waste management, Biodiversity protection, Opportunity from clean technologies, Product lifecycle management
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Environmental Management Response to Climate Change
SANY Renewable Energy prioritizes ecological preservation through green and low-carbon operations. The Company Climate change stands as one of the most pressing environmental challenges confronting the world today. As a provider
proactively manages its environmental impact of operational activities, contributing directly to nature conservation and of complete sets of wind power solutions and renewable energy, SANY Renewable Energy recognizes that climate action
sustainability. not merely as a response to global climate change, but as an opportunity for sustainable growth.
Environmental Compliance During the Reporting Period, the Company released its SANY Renewable Energy 2024 Climate
Action White Paper, reaffirming its unwavering commitment to sustainability and green energy
SANY Renewable Energy strictly abides by the Environmental Protection Law of the People’ s Republic of China, the Law solutions. Through intensified climate actions, the Company will lead by example to accelerate
of the People’ s Republic of China on Environmental Impact Assessment, the Law of the People’ s Republic of China on green transition, and forge ahead into a green future with industry peers.
Promotion of Cleaner Production, and other laws and regulations enacted in other jurisdictions. In addition, the
Company continuously improves environmental compliance management. The Board of Directors serves as the ultimate
responsible body for environmental stewardship. The Company has set up a Work Safety, Occupational Health, Fire
Safety, and Environmental Protection Committee (hereinafter referred to as “Safety Committee” ), with the General Governance
Manager as the Director. The committee makes decisions on and oversees all aspects of environmental management.
The Company has also es tablished an HSE Management Depar tment to orches trate the implementation of Climate change response lies at the center of the Company’ s sustainability agenda. Based on a robust governance
environmental management. This structure ensures the efficient and stable operation of the Company’ s environmental framework for sustainability, the Company advances climate actions that align with the long-term target “to limit the
management system. temperature increase to 1.5℃ above pre-industrial levels” proposed in the Paris Agreement.
The Company continuously refines its environmental management system, and makes progress in its environmental As the body ultimately responsible for climate action, the Board of Directors is in charge of annual review and oversight
performance. Besides, the Company regularly identifies and assesses environmental factors, and trains staff in their of decarbonization targets and risk management. An ESG Steering Group composed of senior management has been
capability of environmental management. established under the guidance of the Board of Directors, the supreme decision-making authority for sustainability.
This group is responsible for overseeing sustainability initiatives, including climate actions, and ensures that the
climate-related matters are integrated into the Company’ s strategic plan, operational management and business
During the Reporting Period, the Company’s 8
manufacturing and operation sites (including processes.
SANY Renewable Energy, Sany Tongyu, Sany Chenzhou, Sany Zhangjiakou, Sany Shaoshan and
Sany Bayannur) which were put into manufacture and under stable operation for over a year,
have all obtained the ISO 14001 Environmental Management System certification.
Our Environmental Policy defines the targets and methods for the management of environmental issues, including Climate
climate change, energy and water resource management, waste management, and product lifecycle management. This Strategy
policy supports functional departments to minimize environmental impacts of operational activities. During the
Reporting Period, the Company did not suffer from any material punishments or fines due to environmental violations.
System Review Response to Climate Change Opportunity from Clean Technologies
During the Reporting Period, the Company upgraded its environmental management review system to ensure the
compliance with relevant standards and regulations and maintain operational efficiency. In April 2024, certified internal
auditors performed a company-wide internal review on environmental management system in accordance with ISO
Adaptation Mitigation
to Climate of Climate
Department and the HSE Management Department, covering the design, development, manufacturing, sales and Change Change
service of wind turbines and components. Focuses were placed on key links including pollution source control,
hazardous chemical management, wastewater and exhaust gas emissions control, and contingency plan for Low-carbon Transition
environmental emergencies. Review results indicated that the Company’ s efficient operations boosted the achievement in Operations
of environmental protection targets and expected indexes under a sound environmental management system.
Emission Reduction
across Value Chain
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Strategy Metrics and Targets
The profound impacts of climate change on contemporary and future human survival and development have become
For the fourth consecutive year, the Company has conducted a GHG inventory of the entire value chain, in which GHG
increasingly evident. We recognize that climate-related risks and opportunities will exert short-, medium-, and
emissions across operations and upstream/downstream value chains were accurately identified, and main emission
long-term impact on business operations and financial performance. As a provider of complete sets of wind power
resources were deeply analyzed. Based on inventory results, the Company established science-based reduction targets
solutions and renewable energy, we insist on taking active actions to address climate challenges.
and charted a granular decarbonization roadmap, driving the low-carbon transition across the entire value chain toward
achieving SDGs.
We respond to intensifying climate physical risks through smart wind turbines with
enhanced resilience to extreme environments and intelligent O&M mode equipped
with advanced weather warning function. Climate Action Goals
We have recognized the critical importance of controlling and reducing GHG
To showcase the ambition and commitment to establishing science-based carbon objectives and striving for
emissions from purchased electricity and fossil fuel combustion in mitigating the
net-zero emissions across the entire value chain by 2050, SANY Renewable Energy officially submitted the
Company’ s climate impacts during operations. Accordingly, we have established
Corporate Commitment Letter Supporting the Goal of Limiting Temperature Rise to 1.5℃ to SBTi in July 2024.
three decarbonization pathways: digitization and intelligentization to reduce
Under the guidance provided by SBTi, the Company has formulated precise decarbonization objectives:
operational energy consumption, electrification to replace and reduce the
consumption of fossil fuels, and using self-generated renewable energy instead of
Response to purchased electricity.
By 2030 By 2030 By 2050
Climate Change The Company reduces GHG emissions across its upstream and downstream value
chains through targeted measures. These measures include enhancing green
supply chain management practices, raising suppliers’ awareness regarding carbon reduce the GHG intensity
reduce the Scope 1&2 achieve net-zero
reduction efforts and collaboration opportunities, and promoting recycling as well per megawatt product by
as exploring resource recovery during product end-of-life disposal processes. GHG emissions by 42% 51.6% relative to the
emissions across the
entire value chain
These actions drive collaborative emission reduction efforts throughout upstream
compared to 2023 levels of 2023 for purchased
and downstream enterprises.
goods and services,
upstream transportation and
With technological advancements and lower costs, wind power is emerging as a distribution, waste
pivotal force in reshaping global energy structure. SANY Renewable Energy seizes management, and
the opportunity to drive the innovation in wind power technology and industrial end-of-life disposal
upgrading, contributing to the global transition toward green and low-carbon
energy.
The Company focuses on R&D and deployment of high-capacity and ultra-reliable
Opportunity from
wind turbines to enhance its efficiency and intelligent capabilities, leading the
Clean Technologies development of the indus tr y by leveraging technological exper tise. A s at
Energy Consumption Performance1 Unit 2024
December 31, 2024, wind turbines provided by the Company have cumulatively
generated 135.8 billion KWh of electricity, equivalent to reducing CO2 emissions by Scope 1 GHG emissions tCO2e 12,703
Scope 2 GHG emissions - Market-Based tCO2e 115,651
Scope 2 GHG emissions - Location-Based tCO2e 120,240
Impact, Risk and Opportunity Management
We integrate climate-related risks into our comprehensive risk management processes. Guided by the Risk Management *For more information on the Company's response to climate change, please refer to the Annual Climate Action White Paper.
Policy, annual impact assessment and management on climate risks and opportunities are arranged by the CEO Office.
The Audit Department and other internal control personnel of the Company assume responsibilities for specific
supervision and inspection. And the three lines of defense for climate risk management are built by the joint efforts of
various departments. The Board of Directors oversees management’ s design, implementation and review of the climate
risk and opportunity management and internal monitoring system. Management provides a confirmation to the Board of
Directors on the effectiveness of climate risk and opportunity management. 1. All greenhouse gas emissions and energy consumption data of the Company shall be based on the figures disclosed in the Annual Climate
Action White Paper.
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Green Operation
Energy Management System
Energy Management Initiatives
Making every effort to advance energy management, SANY Renewable Energy aims to speed up low-carbon transition The micro-grid photovoltaic system has an installed capacity of 6.6 MW and operates
across operations through high energy utilization and optimal energy structure. Under our energy management system, Sany Shaoshan under a “self-consumption with surplus electricity fed into the grid” model, generating
we have developed the Energy Management Policy and established an energy management steering group for 4,677.48 MWh of electricity annually.
decision-making. A multi-level governance structure, led by department and workshop managers at all levels, facilitates
the effective execution of energy initiatives. By the end of the Reporting Period, SANY Renewable Energy passed the The rooftop photovoltaic systems built within the park generated 2,460.39 MWh of
annual review of ISO 50001 quality management system. In addition, Sany Tongyu, Sany Zhangjiakou, Sany Tacheng and Nankou Industrial Park electricity over the year. The remaining electricity demand was met through the
purchase of green power, achieving 100% green electricity usage.
Sany Bayannur have passed the initial review of ISO 50001 quality management system and obtained the certification.
Energy Consumption Performance Unit 2024 100% of electricity consumption was supplied by self-generated photovoltaic power,
Sany Chenzhou
with an annual output of 4,929.45 MWh.
Comprehensive energy consumption MWh 244,652.47
The park controls the runtime of production electrical equipment using four meters, and
Sany Zhangjiakou increases off-peak electricity consumption for load shifting, saving 1,290 MWh of
Total direct energy consumption MWh 65,881.83
electricity.
Total indirect energy consumption MWh 178,770.64
The Company updates its Proportion of Renewable Proportion of
Management of Water Resource and Wastewater
Green electricity
energy mix and enhances Energy used by SANY green electricity in the
certificates purchased Despite the weak dependence of the manufacture and operations on water resources, SANY Renewable Energy
efficiency by building up Renewable Energy 2 Nankou Industrial Park
photovoltaic facilities, using emphasizes the conser vation of water resources and the control of wastewater discharges. Pursuant to our
green electricity, purchasing
green electricity certificates, These measures include monthly inspection of water facilities and analysis of water consumption, activities to raise
Green electricity consumed employees’ awareness of saving water, efficient irrigation, and rainwater collection ponds.
and retrofitting energy-saving
equipment. 7,069.48 MWh The Company’ s wastewater originates solely from domestic sewage. To control wastewater discharge, the Company has
implemented a comprehensive treatment program, which includes regular inspections of underground pipelines and
standardized management of septic tanks. These measures prevent leakage and unauthorized discharge, effectively
Green electricity certificates purchased: 4,967 MWh Green electricity consumed: 7,069.48 MWh
protecting groundwater and soil environments. The Company built wastewater treatment stations to ensure the
compliant disposal of wastewater while reusing reclaimed water. There are approximately 154.4 thousand tonnes of
reclaimed water produced this year, saving approximately RMB1,389.6 thousand. In order to test the effect of
wastewater disposal, the Company regularly engages third-party testing agencies to monitor wastewater to ensure that
the Company’s discharge fully complies with applicable legal and regulatory requirements.
Approximately RMB 154.4
thousand tonnes of reclaimed water Approximately RMB 1,389.6
produced this year thousand in cost savings
Water Resource and Wastewater Management Performance Unit 2024
Total freshwater withdrawal tonnes 419,341.34
Green Electricity Certificate Transaction Vouchers (Selected) Green Electricity Consumption Certificate (Selected)
Total freshwater discharge tonnes 348,492.02
green electricity.
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Exhaust Gas Management Ecological Conservation
SANY Renewable Energy places high priority on exhaust gas emission management, and carries out meticulous controls As a renewable energy, wind power plays a vital role in mitigating climate change and curbing global biodiversity loss.
across all phases from construction to production. For the construction of manufacturing bases, the Company requires Amid the global acceleration toward renewable energy transition, we recognize our responsibility and mission in
simultaneous designing, construction and initial operation of the air pollution prevention and control facilities and the ecological conservation. We are committed to advancing green energy development while actively safeguarding
main part project. For production operations, the Company has established standard operating procedures for exhaust ecosystems and biodiversity.
gas treatment facilities and offered training on managing processes where exhaust gas is generated. At emission
SANY Renewable Energy values ecosystem health in its operational areas. In alignment with the Convention on
terminals, exhaust gas treatment facilities of boilers and other devices maintain normal operation through routine
Biological Diversity of the United Nations, the Company has formulated the Biodiversity Conservation Policy and the
maintenance. This guarantees full compliance with emission standards.
Management Measures for Biodiversity Conservation, and other management policies. The Company integrates
biodiversity conservation into its corporate governance framework, and commits to sparing no efforts to minimize
Waste Management
ecological impacts.
The Company conducts waste management in strict compliance with local laws and regulations. We have established
Spatial planning is the most critical phase during wind farm construction that is most likely to affect biodiversity. The
the Management Policy for Solid Waste and the Policy on Hazardous Chemicals Management, which specifies targeted
Company rigorously assesses project sites to avoid habitat disruption and threats to endangered species, thereby
control measures of different types of solid waste that may be generated during manufacture and operation, such as
minimizing operational impacts on avian populations and other species. Across the entire lifecycle of wind turbines from
domestic garbage, industrial solid waste, hazardous waste and construction waste. These measures effectively reduce
site selection and construction to operation and maintenance, we implement a package of ecological conservation
resource consumption and environmental impact. Non-hazardous waste is segregated at source. Recyclable materials
measures and continue our work on sustainability.
are recycled or repurposed, and residual non-hazardous waste is regularly disposed of by third-party agencies. For
hazardous waste, we designate dedicated storage areas, enforce end-to-end supervision of collection, storage, Ecological Conservation Initiatives
transportation, and disposal processes, and contract qualified third-party agencies for regular treatment, ensuring full
compliance with environmental regulations. Take ecological conservation into consideration, and keep away from areas such as
ecological red lines, eco-fragile region, drinking water region, basic rangeland, basic
During the Reporting Period, the Company implemented an environmental protection initiative to strengthen the control farmland, Class I public welfare forests, nature reserves, scenic landscapes and bird
over hazardous waste and harmful substance, and clarify environmental management requirements. The initiative migration routes, when selecting project sites
included training and examination on hazardous waste management, covering compliance across the entire lifecycle Site
Selection Prior to implementation, all projects shall pass the environmental impact evaluation,
from generation and storage to transfer and disposal. A total of 1,112 employees from 8 production bases participated in
obtain the approval for soil and water conservation scheme, and complete special
the training. In addition, we optimized management mechanisms for hazardous waste storage sites and chemical
demonstration reports on birds and forests for projects in need.
storage facilities. Inspections were conducted on processes involving hazardous chemical usage and waste generation
to standardize on-site operating procedures, ensuring effective control over hazardous waste and harmful substance. Restore the disturbed land by selecting plant varieties according to the principle of
“matching site with trees”
Packaging Material Management
For earth slopes, restore them by planting shrubs and grass
SANY Renewable Energy has adopted a green packaging strategy grounded in the principles of reduction, recycling, and Construction For high and steep rock slopes, utilize the hanging net and spraying technology to
resource efficiency. The Company advocates for the use and recycling of eco-friendly packaging materials. Continued improve surface soil adhesion and conditions, and increase the survival rate and
efforts are made to explore more sustainable packaging solutions to minimize environmental impacts across all coverage of vegetation
operational stages.
Through product optimization, turbine noise is strictly controlled below 110 dB(A) to
Packaging Material Management Initiatives minimize acoustic impacts on life living in operation sites.
Operation Smart bird repellers that do not harm birds are developed for wind farms to ensure both
uninterrupted turbine operations and safety of birds.
Upon completion of the project, take measures such as soil restoration, greening and
drainage improvement to strengthen ecological construction, so as to mitigate the
Wooden crates Pallets Packaging films
impact of construction activities on the environment
Maintenance
In the production workshop For irregularly shaped While reducing the
of SANY Renewable Energy, products, the Company consumption of plastic
standard packaging crates collaborates with suppliers to packaging films, the Company We recognize that increased rotor diameters elevate collision risks between
are recycled for shipping design and recycle custom adopts biodegradable and turbine blades and avian species. To mitigate the risk, SANY Renewable
self-manufactured products. logistical tooling. This recyclable alternatives for
Energy has developed a smart bird repeller integrating laser-based repellent
This year, 200 wooden initiative boosts the product packaging. This year,
and high-decibel acoustic alerts based on birds’ highly sensitivity to green
crates were handed over to reusability of transport 9.6 tonnes of plastic
spectrum wavelengths. This device protects bird populations and prevents
third parties for recycling, pallets and containers. packaging films were handed
saving 3.5 tonnes of timber. over to third parties for their natural behaviors (e.g., foraging and migration) from being disrupted by
recycling. wind farm operations. Ultimately, this approach achieves a harmonious
balance between wind power development and ecological conservation. Smart Bird Repeller
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Environmental Management Throughout Product Lifecycle
SANY Renewable Energy is committed to developing eco-friendly wind turbines. We have formulated the Environmental
Policy, which defines the objectives and measures of environmental management throughout product lifecycle. We have
also included the reduction of environmental impacts during the use and end-of-life of products as part of corporate
management. As a result, we have established a system to manage the environmental impact throughout product
lifecycle from design and development, manufacture, construction and operation to decommissioning and scrapping.
We develop and promote eco-friendly wind turbines to mitigate the impact on the environment during the use and
end-of-life of such products.
Objectives of Environmental Management Throughout Product Lifecycle
By 2035, we will study the lifecycle of our all mainstream products. On the premise of ensuring product
quality, we will progressively increase the proportion of green or low-carbon materials through product
structure optimization, material usage reduction, and sustainable material substitution.
Taking 2020 as the base year, we will increase our recycling rate of mainstream wind turbine materials to
On the basis of ensuring good product quality and performance, we take relevant management measures such as
environmental impact evaluation, product service life extension and product design improvement to provide more
eco-friendly and sustainable products, so that we can reduce the impact on the environment during the use of products.
Evaluating Environmental Extending Product
Impact of Products Service Life
For our key products, we apply product We have service companies for after-sales
carbon footprint certification for them, maintenance. We also provide our
and entrust qualified third parties to issue customers with the Wind Turbine
Life Cycle Assessment (LCA) for them. Generator Sets Maintenance Manual and
the Wind Turbine Generator Sets
Specification, which standardize the
operation and maintenance mechanism of
our products. We make all these efforts to
prolong our product service life.
Improving Product Optimizing Product
Design Operation
We research alternative materials while We coordinate whole-machine control of
designing light and compact products. rotor speed to regulate blade tip velocity.
We apply new materials in castings for In addition, we ensure that the noise
main frames and bearing housing. This emissions from the generator sets meet
application significantly reduces the the standard t of less than 110 dB by
weight of castings and the transportation installing serrated trailing edges on the
costs of wind turbines and installation blades, adding ventilated noise-reducing
costs of wind farms. It also reduces louvers, arranging sound-absorbing
resource consumption and improves materials, using low-noise fans, and
environmental benefits. installing dampers.
At the same time, we keep improving the lifecycle management of our wind turbines, especially the management during
the end of life. We minimize the impact of turbine decommissioning on environment with measures such as developing
recyclable materials, improving cycling technologies, optimizing design for disassembly and recycling, promoting reuse
and remanufacturing and restoring the ecological environment in the operation sites.
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Talent Cultivation
for Business Prosperity
SANY Renewable Energy believes that talents drive an
enterprise’s growth. Adhering to the talent concept of “hard
work and perseverance in achieving success”
, we devote
ourselves to creating an equal, diverse, inclusive, caring and
healthy working environment to help employees archive
balance between personal value and career development.
Sustainability Issues United Nationals Sustainable Development Goals (SDGs)
Equality and diversity, Labor and human rights protection, Human capital development, Occupational health and safety
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Labor Rights Labor Rights Protection
SANY Renewable Energy is committed to creating a fair and inclusive working environment of mutual assistance and an The Company strictly complies with local labor-related laws and regulations, such as the Labor Law of the People’ s
equal and diverse talent team. We adhere to the principle of “zero tolerance and zero violation” to fully respect and Republic of China, the Labor Contract Law of the People’ s Republic of China and the Regulations on the Prohibition of
protect labor rights and interests. Child Labor. We also respect international standards of human rights, like the International Bill of Human Rights, the
Declaration on Fundamental Principles and Rights at Work, the Universal Declaration of Human Rights and the Guiding
Principles on Business and Human Rights. We have established management regulations to protect employees’ rights and
Equal Employment interests, like the Guidance on Human Rights and Labor Management and the Employee Manual. We prohibit any form of
forced labor and child labor and resist any harassment, discrimination and abuse in the workplace. We provide training in
The Company has formulated the Integrated Recruitment Management Process and the Code of Conduct for Employee diversity, labor and human rights to employees, suppliers, contractors and various partners on an annual basis. Through
in Recruitment Positions to expressly forbid any discrimination in employment and jobs, striving to promote equality and the training, we help our employees understand their rights and interests and our related policies and share our policies
fairness in the workplace. The Company firmly eliminates discrimination relating to gender, age, race, nationality, religion of human right management to each stakeholder. During the Reporting Period, the Company did not experience any form
or other social and personal factors, thus providing all candidates with equal rights to work. For the evaluation, selection of child labor, forced labor, harassment and abuse, or security violence.
and promotion of cadres, we adopt fair and objective evaluation criteria, provide employees with fair selection
The Company has established the employee complaint mechanism and complainant protection mechanism in accordance
opportunities and prohibit any form of discrimination in accordance with our Policy on Cadre Management. By doing so,
with the Guidance on Human Rights and Labor Management. When encountering or identifying incidents related to labor
we strive to create a fair career promotion channel for employees.
rights and interests, employees can follow the complaint procedures and the complaint escalation mechanism to raise
The Company actively employs talents of different genders, ethnicity, nationality, educational background and cultural their opinions or complaints. The Company ensures that the name of involved person, the details of complaint and even
background. We have established a series of guidance, such as the Guidance on Care for Minorities and Disadvantaged the existence of complaint are kept strictly confidential under the complainant protection mechanism, prohibiting any
Employees, the Guidance on Protection of Fundamental Rights and Interests and Career Development of Employees unfair treatment or retaliation against the complainant. In addition, we conduct a company-wide assessment of human
with Disabilities, and the Guidance on Protection of Fundamental Rights and Interests and Career Development of rights and labor management. We also have internal reviews of our human rights and labor management practices,
Female Employees. We include diversity into our human resource management mechanism to create a working focusing on compliance with prohibition against child labor, forced labor, employment discrimination, and safeguarding
environment of fairness and a corporate culture of diversity. During the Reporting Period, the Company had no the rights and interests of minority groups and disadvantaged groups. During the Reporting Period, no serious violation
whistleblowing or non-compliance incidents involving discrimination. agains t laws and regulations was identified in the human rights and labor management assessment, and no
whistleblowing or complaint on incidents related to labor rights was received by the Company.
Principles of Protecting Employee Rights and Interests
Case Promoting the Employment of Local Individuals with Disabilities We prohibit any form of forced labor in use of violent or illegal means, including
intimidation, coercion, threat, abduction and deception. We prohibit the retention
Prohibiting Forced Labor of employees’ ID card, passport or work permits as a condition for student
In accordance with the Guidance on Protection of Fundamental Rights and Interests and Career Development of employment. We respect choices of employees, who can leave the Company or
Employees with Disabilities, SANY Renewable Energy provides equal employment opportunities for individuals terminate the contract at any time.
with disabilities, ensuring them to have fair compensation, benefits, training and promotion opportunities.
Besides, we also provide them with necessary assistive devices, barrier-free facilities and mental health support. Prior to employment, our employers verify the age of applicants and ensure the
During the Reporting Period, the Company actively recruited employees with disabilities and created a total of 58 compliance with the prohibition against the hiring of minors (under the age of 16)
jobs for them. and individuals who have not completed the compulsory education or who are
Prohibiting Child Labor
below the minimum employment age. Any employees under the age of 18 are not
allowed to perform work that may endanger their safety and health. They shall
take physical examinations as required by laws.
We safeguard female employees’ rights and interests by protecting their health,
Employment Performance
preventing sexual harassment, providing maternity leave, security benefits and
Safeguarding Female
parental leave. We also ensure that they will not be dismissed or discriminated
Employees’ Rights and Interests
against due to pregnancy. We forbid the contract termination or discrimination of
Total employees (person) 6,330 female employees during their pregnancy, maternity leave and breastfeeding period.
Male (person) 5,750 The Company prohibits any brutal and inhumane behaviors, including sexual
Resisting Harassment harassment, abuse, physical punishment, mental or physical oppression or language
Female (person) 580 and Abuse insult in any form. We ensure that our employees enjoy personal rights such as
personal freedom, life and health, and inviolability of personal dignity.
We support the leadership and career development for female employees. Through transparent and equal recruitment,
promotion, and performance assessment, we ensure that female and male employees have equal opportunities for
development and promotion in the workplace.
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By the end of the Reporting Period, the proportion of female employees in the Company is as follows:
Employee Benefits
The Company has formulated the Procedures for Assisting Employees’ Children
Proportion of Female Employees 2024 with Schooling. We promise to help the children of employees who need
Children Education
assistance with their education during the compulsory education stage from
Percentage of female Senior managers 4.23 kindergarten enrollment to the completion of junior high school.
The Company pays attention to the needs of female employees. During the
Percentage of female employees in the STEM3departments 13.94
Reporting Period, we finished the construction of mother-and-baby rooms, and
Maternal and Infant Care put them into use. The mother-and-baby rooms provide comfortable and
Percentage of female managers in revenue generating departments 10.47 convenient space for female employees in need through thoughtful and
privacy-oriented design.
During the Reporting Period, the Company’s Labor Union, with the Labor Union
at superior levels, bought our female employees insurances under the Mutual
Remuneration and Benefits Aid Program for Occupational Female Employees with Special Disease. In this
Insurance for Illness
way, the Union has fulfilled the commitment to focusing on employees’ need
SANY Renewable Energy keeps optimizing the remuneration structure and incentive system to ensure a fair, reasonable
and solving their problems.
and compliant remuneration management. We adhere to equal pay for equal work and provide our employees with
highly competitive compensation. The Company regularly monitors and evaluates the remuneration of all departments
and positions to ensure that employees’ income can meet their living requirements. We need to make sure the
remuneration offered by the Company is reasonable and attractive to talents. Care for Employees
Our remuneration consists of basic salar y, performance bonus, allowance and subsidy. In addition, we develop SANY Renewable Energy actively establishes open and transparent channels for employees to communicate smoothly,
customized remuneration strategies for all employees considering the value created by different positions and different and improves the management process for employee feedback and complaints. We have built multiple employee
compensation components. The compensation for specific groups of employees includes incremental gross profit communication channels such as email, Internet platforms, and mobile apps, endeavoring to properly and promptly
sharing of R&D products for R&D employees; share options and restricted share incentive plan for senior managers in address problems for domestic and overseas employees at all levels. The Company holds monthly employee meetings to
key positions, core R&D positions and core operation management positions; equity incentive plans for directors, share our business updates with employees, and address their reasonable demands regarding office arrangement,
supervisors, senior management, middle management, key position staff and core business staff; and cash reward accommodations, cafeteria services, transportation and other services. During the Reporting Period, the Company
based on the business revenue and profits for specific groups. received a total of 167 complaints and suggestions from employees regarding property management, cafeteria services,
fleet management, security management, reception management through SANY Email, Voice of SANY Employee,
Employee Meeting, etc. In response, we organized specialized symposiums and assigned dedicated personnel to provide
explanations and address concerns within 3 to 5 business days, achieving a timely response rate of 100%.
By the end of the Reporting Period
Our employee stock ownership plan covered 935 employees accumulatively, including 297 newly Email：
Mobile App：
added employees. dingdw@sany.com.cn
iSany
SANY Renewable Energy has formulated the Management Rules for Employee Benefits and provided all employees with Communication and Whistleblowing
statutory holidays, paid leave, parental leave and maternity leave, as well as major social insurances and housing fund. Channels for Employees
To create a work-life balance for employees, the Company provides all employees with a series of non-salary benefits,
including food subsidies, housing subsidies, dormitories, holiday benefits, birthday benefits, free physical examination,
home visit benefits, high-temperature subsidies, clothing subsidies, free health diagnosis and benefits for wedding,
childbirth and illness care. Through such benefits, we implement our employee-care initiatives to improve their
well-being in work and life.
Internal Portal：
https://znvoe.sany.com.cn/
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About This Report Sustainability Approach Green Development Excellent Quality Business Integrity Appendix
Chairman Renewable Energy and Goals Business Prosperity Responsibilities
The Company respects employees’ freedom of association and the right of collective bargaining. We have progressively Employee Development
improved the policy for democratic communication and steadily promoted the democratic management mainly in the
form of staff councils and Labor Union. The Company has set up the Labor Union, the Labor Union Committee, the Focusing on talent attraction, employee training and development, SANY Renewable Energy has built an employee
Financial Review Committee and the Committee of Female Employees and other organizations. We actively carry out development system. We attract and retain excellent talents with training and smooth development channels, driving
negotiations on important matters concerning the immediate interests of employees and the revision of major policies the long-term and stable growth of the Company.
through the Labor Union. Besides, we promote the signing of collective agreements on occupational health and safety,
training and career management, anti-harassment and anti-discrimination and other issues. We have effectively
Talent Recruitment
safeguarded the rights and interests of employees through such initiatives. In January 2025, the Company signed four
new collective agreements, i.e. the Comprehensive Collective Contract, the Special Protection Contract for Female The Company strictly complies with international labor standards and the Labor Law of the People’ s Republic of China.
Employees interests, the Special Collective Wage Contract and the Special Collective Contract for Remuneration of We have established employment management policies like the Integrated Recruitment Management Process and the
Skilled Talents. All formal employees of the Company signed the collective agreements. Code of Conduct for Employee in Recruitment Positions. We carry out social, campus and internal recruitment in
We organize sufficient activities for employees to enrich their life and enhance the bond and attraction. During The compliance with laws and regulations, and recruit talents in a fair and standard manner. The Company actively promotes
Reporting period, SANY Renewable Energy organized a total of 83 activities, such as Keep Cool in Summer, Employee the school-enterprise cooperation. During the Reporting Period, we finished the construction of employment and
Basketball Match and Leisure Sports Game. These activities reached all our employees. internship base for Wuhan University of Technology and received and communicated with teachers and students of
Tsinghua University. In doing so, we have expanded our talent reserve.
Employee Training
Case
SANY Renewable Energy has been improving the training management system, providing career-spanning training and
coaching for all employees to enhance their professional skills and comprehensive quality. The Company has formulated
the Policy on Training Management and proposed the concept of “integrated training”, establishing the company-wide
training system to drive co-achievement of employee development and our strategic targets. The Company has been
optimizing the training system. Focusing on leadership, expertise and skills, we have set up Leadership Academy,
Professional Competence Academy and Craftsmanship Academy. In this way, employees in different roles and levels can
access various training resources that meet their career demands.
Talent Development System
Keep Cool in Summer Employee Basketball Match
Leadership Professional Competence Craftsmanship
Academy Academy Academy
Training in senior management Training in professional Skill level
leadership certification certification
Conduct seminars and training for Carry out professional training Hold training in skill certification for
senior management on development and certification for internal front-line technicians.
strategies of the Company. positions.
Training in external Training for
Lingshan spirits
certification team leader
training
Provide external certification and Conduct quality control and management
Conduct training in corporate operation
training and examination support for competency training for all team leaders
and culture for leaders.
Leisure Sports Game Happy Women’s Day employees in need. across all production stages.
Three talent cultivation Training for project Pre-service training for
programs managers blade worker
The Company conducts a survey for work atmosphere and employees’ satisfaction every year to track employee Initiate three talent cultivation programs Organize leadership training for managers Deliver pre-service skill training
satisfaction from various aspects of daily operations, driving management optimization and organizational efficiency. named “Xunfeng”, “Jifeng” and “Changfeng” in R&D and service positions to improve programs to new employees at
During the Reporting Period, SANY Renewable Energy sent anonymous questionnaires to 6,231 employees across 197 to train external parties, high-potential their management competencies. blade factory.
talents and fresh graduates.
organizations and departments. The valid participation rate was 97.4% and the score was 84.7/100 points, including
Message from the About SANY Sustainability Strategies Talent Cultivation for Community
About This Report Sustainability Approach Green Development Excellent Quality Business Integrity Appendix
Chairman Renewable Energy and Goals Business Prosperity Responsibilities
Talent Development
Csse “Changfeng” High-Potential Talent Training Camp The Company provides employees with a variety of career development channels in line with job requirements and
personal career development aspirations. We have formulated the Guidance on Employee Career Management and the
Leader Management Process. We have established two career development paths in professional and management
In February 2024, SANY Renewable Energy launched roles, spanning 15 categories such as R&D technology, IT, and human resources. We have also standardized the
“Changfeng” High-Potential Talent Training Camp in Nankou procedures for employee promotion, including nomination, review, application for approval, inspection and approval. We
Park, Beijing. The camp invited internal and external ensure that employees’ career development is consistent with our business objectives to boost both individual growth
experienced lecturers to teach courses in wind power and corporate prosperity.
industry planning, production management and structured
Adhering to fair and objective assessment of employee performance and contribution, we have formulated the Policy on
thinking and expression. By introducing specific business
Per formance Management and the Per formance Management Process to es tablish a targeted per formance
and analyzing cases with practical simulations, the program
management system with SANY features. We conduct hierarchical performance management based on position and
equipped participants with critical management skills,
level of employees, and set up different performance assessment circles for employees at different levels. Following the
injecting new vitality and impetus into the future
performance management process, we conduct a comprehensive and objective assessment on employees’ work
development of the Company.
performance, and provide them with promotion opportunities and salary adjustment based on the assessment results.
During the Reporting Period, 100% of SANY employees received regular performance assessment.
During the Reporting Period
Case Fresh Graduate Training Camp
In July 2024, SANY Renewable Energy launched 2024 Fresh
Graduate Adaptation Training Camp in SANYI Polytechnic
College. As a welcome to new employees and a new start of
their career, the camp helped the trainees improve their
professional competencies and better integrate into the Self-Introduction
Company through training courses, knowledge competition to Performance
Assessment on
and group activities. The camp propelled fresh graduates at Self-Assessment Performance
the vanguard of industry expertise through meticulously on Performance
structured curriculum architecture, which systematically
unlock participants’ latent potential by bridging rigorous
theoretical grounding with precision-driven applied Interview about Review of
competence development. the Performance Performance
Contract Results
Signing of
Performance
We regard talents as a core of the Company and prioritize further education and individual growth of employees. We Performance
Appeal
have formulated and implemented the Management Measures for Sending Outstanding Employees for Further Contract
Education, providing extraordinary employees with external training and re-education resources such as EMBA, MBA
and university degree.
Preparation of Application of
Performance Performance
During the Reporting Period Contract Results
The Company sent 2 employees to China Europe International Business School, organized 21 employees to
attend the Tsinghua Excellence Program and assisted 300 employees in obtaining external certificates.
Employee Performance Management Process
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About This Report Sustainability Approach Green Development Excellent Quality Business Integrity Appendix
Chairman Renewable Energy and Goals Business Prosperity Responsibilities
Occupational Health and Safety Occupational Health
Upholding the management philosophy of “people-oriented, safety first”, SANY Renewable Energy continues to optimize The Company has formulated the Regulations on Warning and Notification of Occupational Disease Hazards, the
the occupational health and safety management system and improve the capabilities to respond to risk incidents. We Regulations on Occupational Health Monitoring and File Management and the Policy on Addressing and Reporting
are committed to providing a “zero-incident” working environment that is healthy and safe for all employees. Occupational Diseases to standardize the management of occupational health monitoring and improve the prevention
and control of occupational diseases.
Occupational Health and Safety Management System SANY Renewable Energy engages in a third-party institution to identify occupational disease hazards every year and
assess the current occupational disease hazards every three years. The third-party institution is also required to issue
SANY Renewable Energy complies with laws and regulations related to occupational health and safety, such as the the detection report on occupational hazard factors and the assessment report on the current occupational disease
Labor Law of the People’ s Republic of China, the Work Safety Law of the People’ s Republic of China, the Law of the hazards. We take all those measures to identify and control various occupational hazards. Based on the assessment
People’ s Republic of China on the Prevention and Control of Occupational Diseases, and the Fire Protection Law of the result, the Company pays close attention to hazards and employee health conditions and carries out a series of
People’ s Republic of China. We have formulated the Employee Health and Safety Management Manual, the Guidance on occupational health protection measures. In this way, we prevent and control the emergence of occupational disease
Human Rights and Labor Management and the Policy on Emergency Management of Workplace Safety to protect the hazards in the working environment and the occurrence of occupational diseases among employees. By the end of the
health and safety of our employees. Reporting Period, the Company had no new cases of occupational diseases.
During the Reporting Period Occupational Health Protection Measures
All eight operation sites with stable operation for more than one year (including SANY Renewable Notification of
For risks identified, we post notification cards for occupational disease
Energy, Sany Tongyu, Sany Chenzhou, Sany Zhangjiakou, Sany Shaoshan and Sany Bayannur) passed the annual Occupational Hazards hazards to ensure that employees are aware of the hazards at their posts
review of ISO 45001 Occupation Health and Safety Management System. and take protective measures as required.
We have formulated the Policy on Protective Equipment Management and
The Company has established a top-down occupational health and safety management structure, with the CEO as the
updated the Record of Distributing Protective Equipment. We distribute
ultimate responsible person. We have also set up a safety committee at the executive level, which decides and monitors Distribution of
Protective Equipment protective equipment meeting related requirements based on different
all aspects of the occupational health and safet y management. The decisions are ultimately coordinated and
positions, including safety helmets, working clothes, anti-smash shoes and
implemented by HSE Department. Relying on the improved occupational health and safety management structure, the
safety belts.
Company makes safety commitments, sets safety targets, and signs safety responsibility agreements from top to
bottom, ensuring the stable operation of the occupational health and safety management system.
All employees exposed to occupational disease hazards are required to
complete 100% of physical examinations at the pre-employment,
Occupational Health and Safety Management Occupational Health and Safety Management Physical Examination
for Employees during-employment, and post-employment stages. In addition, we
Targets Performance
in Hazardous Positions adhere to the “one employee, one health record” requirement to track
the occupational health conditions of employees.
Injury Rate Per one Injury Rate Per one
thousand People thousand People We conduct online training to educate employees on occupational disease
Fatality Fatality
Occupation Health Training prevention, hazards identification, and proper use of protective equipment,
≤3‰ 0 ≤0.63‰ 0 in order to enhance their awareness of occupational health protection.
We hand out the Guidance on the Protection of Employee’s Mental Health,
which educates employees on basic mental health knowledge and assists
Employees’ Mental Health
managers at all levels in mastering basic methods of managing employee
mental health.
Occupational Disease Occupational Disease
Incident Fire Incident Incident Fire Incident We conduct training for employees in knowledge of and preventive measures
for repetitive strain injuries, helping them establish awareness of preventing
Strain Injuries
repetitive strain injuries. At the same time, we provide automated tools such
as AGVs (Automated Guided Vehicles) and electric forklifts to help employees
reduce work scenarios where repetitive strain injuries may occur.
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Chairman Renewable Energy and Goals Business Prosperity Responsibilities
Work Safety The Company has formulated the Policy on Safety Education and Training Management and the Policy on Emergency
Management of Workplace Safety to standardize the safety training and safety emergency drills. We provide safety
training for all employees, including outsourced workers, interns, and temporary workers. We also conduct special
The Company has formulated the Policy on Emergency Management of Workplace Safety and the Policy on Safety
training for new employees when adopting new processes, technologies, materials, or equipment. At the same time, we
Rewards, Punishments & Evaluations to timely identify and eliminate safety hazards in production and guarantee the
are equipped with emergency teams and emergency materials in accordance with the regulations. We regularly carry
safety and health of employees.
out various types of emergency drills for operational poisoning and asphyxiation accidents, environmental accidents,
The Company has established the Hazardous Sources Identification and Risks Assessment Control Procedure and the lifting and hoisting, and fire accidents, etc. In this way, we have improved our emergency response and treatment
Policy on Safety Risk Identification and Graded Control. The Company reviews and reports safety hazards through capabilities.
hazard identification and assessment, weekly safety inspections, routine patrols, cross-checks between work teams, and
equipment safety inspections. Based on the assessment results, we formulate hierarchical control measures to properly
manages safety risks. Case Fire Emergency Rescue Drill
In September 2024, the Company conducted a fire
Work Safety Control Measures emergency rescue drill in Nankou Park. Through the
simulation of possible fire, employees were tested for the
We regularly conduct the identification and assessment of hazards. mastery of knowledge on alarm call, content, emergency
Identification and According to the results, each department is required to include hazards of duties, measures and precautions. staff fire equipment use
Assessment of Level I and Level II in their routine safety management and inspection to skills, and the company’s fire equipment is complete. The
Hazardous Sources reduce the potential risks in production safety. We establish control files for drill also assessed employees’ skills in using fire-fighting
hazards of Level III and Level IV and develop effective measures to take equipment and the completeness of the Company’s
them into serious control. fire-fighting facilities. The drill effectively enhanced
employees’ ability to handle accidents and strengthened
During the Reporting Period, the Company issued and implemented the their capacity to identify and prevent accident risks.
Grid-Based Grid-Based Safety Management Plan of SANY Renewable Energy. Under the
Safety Management principle of “whoever is in charge, whoever is responsible”
, we designated
responsible person for regional safety work and safety management.
Safety Management of Relevant Parties
During the Reporting Period, the Company has issued and implemented the We attach great importance to the occupational health and safety of relevant parties, including contractors and
Action of Behavior-Based Safety Observation. Through observing the suppliers working on site. We strictly implement safety management standards, and carry out safety notification,
Behavior-Based operation behaviors of operators at the work site and communicating with supervision and control throughout all operations of relevant parties.
Safety Observation the observed person to strengthen the good operation behaviors, we
(BBSO) correct the unsafe operation behaviors, and improve the safety awareness Safety Management of Related Parties
of both parties. By taking the initiative to identify and eliminate unsafe
behaviors, we strive to prevent the occurrence of accidents.
The Company has formulated the Relevant Party Management Policy to enforce work safety, clarifying
Safety construction safety and environmental measures and the emergency preparedness and response
During the Reporting Period, the Company has launched the HSE score Policy mechanism. The policy also provides enhanced controls for relevant parties and visitors, standardizes
HSE Score Review work safety behaviors and clarifies safety management responsibilities.
review program for front-line employees. By quantifying employee safety
of Front-Line
Employees performance based on HSE score review, we enhanced employees’ safety
awareness, and motivated them to bridge the gaps with outstanding The Company signs the Agreement on the Management of Occupational Health and Safety and
employees to guarantee work safety. Environmental Protection and the Safety Notification with all relevant parties. In this way, we clarify
Safety the responsibilities of each party in work safety management and the necessary safety measures, and
Agreement ensure that all visitors understand the Company’s safety management standards and risk matters. We
also require relevant parties to provide safety and environmental protection related construction plans
During the Reporting Period, the Company carried out safety knowledge and conduct strict risk review and prevention.
and skills exams for employees, and prepared test papers for on-site safety
Safety Exam Relevant parties we engage for different operations are required to take the safety training and exams
management and safety precautions in wind farms. A total of 3,549
at the proper level before they can work on site. The safety training for relevant parties enables
employees took the tests. Safety contractors to fully understand the Company’s safety requirements and the precautions, as well as
Training their safety management responsibilities. The purpose is to prevent the occurrence of accidents at the
contractor side, improve contractors’ safety management level, and enhance the safety awareness of
construction personnel.
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About This Report Sustainability Approach Green Development Excellent Quality Business Integrity Appendix
Chairman Renewable Energy and Goals Business Prosperity Responsibilities
Excellent Quality
SANY Renewable Energy pursues excellent quality as the
foundation of management. We continuously improve the
product quality management system, and advance capability
building in innovation and R&D. Relying on a robust
sustainable supply chain and high-quality customer service,
we aim to lead the high-quality development of the wind
power industry and better meet customer needs.
Sustainability Issues United Nationals Sustainable Development Goals (SDGs)
Safety and quality of products and services, R&D and innovation, Sustainable supply chain
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Chairman Renewable Energy and Goals Business Prosperity Responsibilities
Product Quality Management
SANY Renewable Energy adheres to the quality management policy of “first-class products, first-class quality and
first-class service” . Focusing on domestic and foreign customers’ demand for the continuous improvement of product
quality, we continue to improve the Company’ s quality management system, striving to build a product lifecycle quality Case “Quality Month” Campaign of SANY Renewable Energy
management system covering all the stages including R&D and design, manufacturing, sales and installation, and
operation and maintenance services, and comprehensively improving the quality of products and services.
From September to October 2024, SANY Renewable Energy launched the Quality Month campaign with the
theme of “prevention measures and ‘Three Noes’ to deliver premium quality”, focusing on the quality
Product Quality Management management and control measures of qualit y culture publicit y, qualit y tool empowerment and the
At SANY Renewable Energy, the Board of Directors serves as the supreme responsible body for quality matters. At the implementation of the “Three Reals” principle (go to the Real Place, observe the Real Thing, and gather Real
senior management level, we designate a quality management system supervisor and quality leader, and set up the Facts). The campaign involved 8 departments, and encompassed a total of 149 activities such as employee
Quality Assurance Department to coordinate and perform specific quality management work, including the formulation quality awareness and skills training, quality pain point exchange and sharing, and quality skills competition,
and monitoring of quality indicators. The Company releases the Quality Objectives Plan every year to drive continuous with a total of 3,695 participants. These efforts enhanced employees’ ability to solve quality problems and
improvement in quality management and escort the Company’s product quality and safety. improved their quality awareness.
The Company strictly complies with the Product Quality Law of the People’s Republic of China and other relevant
regulations and standards. We have formulated the Quality, Environmental and Occupational Health and Safety
Management Manual and other internal quality management policies and procedures in accordance with the ISO 9001
quality management system, to ensure the standardized operation of the quality management system. The Company has
formulated and implemented the Product Lifecycle Management and the Quality Management Process, defining the
quality management responsibilities at different stages including design and development, manufacturing, sales, and
after-sale service. For critical points of control, quality control mechanisms are in place to reduce risks in quality
management and control. Through lifecycle quality control, we ensure that products meet quality and safety standards in
all aspects of production and operation.
During the Reporting Period, 8 production sites that had been in stable operation for over one year — including SANY
Renewable Energy, SANY Tongyu, SANY Chenzhou, SANY Zhangjiakou, and SANY Shaoshan — achieved a 100%
certification rate for the ISO 9001 Quality Management System. Among them, SANY Bayannur and SANY Tacheng
successfully passed the ISO 9001 certification audit and obtained the certification for the first time.
Quality Management Strategy
Continuously apply digital tools to empower quality management, build a digitalized,
Supply Chain Quality Management
Digitalized Quality integrated online quality management platform, and comprehensively improve the
Management efficiency and accuracy of quality management, handling 83.67% of the quality The Company has established a strict supplier quality management system to ensure that product quality is controlled
management processes online. from the source. In addition, the Company has formulated management policies such as the Supplier Qualit y
Management Manual, to create a quality management protocol shared between SANY Renewable Energy and suppliers.
Establish and improve the internal quality management review system, and conduct
With the policy system, we standardize suppliers’ quality management process and practices, improve their quality
internal and external quality reviews on a regular basis. The Company entrusts external
management capabilities, and work with supply chain partners to pursue lasting progress and development.
third-party institutions to conduct compliance review of the quality management system,
issue review conclusions, and propose improvement suggestions. In addition, we select
We carry out quality empowerment training for suppliers in the mode of “training in practices”, planning to establish a
and train internal quality reviewers. Through regular internal review, we monitor and
Quality Audit supplier quality college to further improve the management and control mechanism of supplier quality training and
evaluate the effectiveness, compliance and appropriateness of the quality management
system applied at each production and operation site, thereby identifying opportunities communicate the quality requirements of SANY Renewable Energy in a timely and accurate manner. During the
for improvement. During the Reporting Period, the Company identified 23 Reporting Period, the Company carried out nearly 1,000 technical clarification sessions relating to new product
non-compliance items through the internal quality review, which were all resolved with a development and nearly 2,000 regular quality meetings, in addition to Failure Mode and Effect Analysis (FMEA) quality
rectification rate of 100%. No systemic issues were noted in the quality review, indicating
management tool training for some suppliers. These efforts jointly improved the efficiency and effectiveness of both
that the quality system was effective.
parties in quality assurance and quality problem solving.
Actively carry out quality training and culture promotion among employees, establish 10 In addition, the quality management requirements have been incorporated into the Company’ s supplier admission and
quality culture standard initiatives, and deepen the concept of quality. During the
evaluation system. For details, please refer to Section “Sustainable Supply Chain” of this Report.
Reporting Period, we conducted quality training for employees, and held various quality
Quality Culture campaigns such as the quality month, regular quality meetings and quality star selection,
Cultivation to achieve all-round enhancement of quality awareness and skills among all employees. In
addition, the Company implements the Quality Award and Punishment Management
System to improve quality management effectiveness and efficiency through employee
incentives and restraint mechanisms.
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About This Report Sustainability Approach Green Development Excellent Quality Business Integrity Appendix
Chairman Renewable Energy and Goals Business Prosperity Responsibilities
R&D and Innovation Intelligent Manufacturing Systems
At SANY Renewable Energy, we regard R&D as the core competitive advantage of the Company. We continue to increase
investment in technology R&D and introduce international top-notch technical talents, thereby promoting technological
breakthroughs, driving product upgrading, and solidifying the Company’ s technological strength and leading position. In this way,
we aim to build a cleaner and more sustainable energy supply system.
Manufacturing Operation Warehouse Management Excellent Quality Underlying Data Acquisition
Management (MOM) System (WMS) Management System (EQS) System (IOT)
Governance
We have put it in full online application across 20 factories, including blade factories, wind
Upholding the concept of “every bit of achievements originates from innovation” , the Company strives for product R&D with the turbine factories and generator factories. It realizes the whole-process online management
Manufacturing Operation
goal of “high reliability, high power output and low cost per KWh”
, and has systematically laid out its innovation and development Management (MOM) of the production, quality and logistics modules, enables the online control and tracing of
strategies. process quality data, and achieves 100% paperless forms and records of on-site
inspections.
The board of directors oversees matters such as the company's long-term R&D strategic planning and significant strategic R&D
investments. The Company promotes R&D innovation from a strategic perspective. It has established China’ s first supercomputer We have connected the Warehousing Management System (WMS) of SANY Renewable
Warehouse Management Energy with the four high-bay warehouses of Shaoshan Blade Factory, Chenzhou Factory,
center in the wind power industry, and has laid out international, professional and multi-field R&D platforms in Beijing, Changsha
System (WMS) Beijing Generator Factory and Wind Turbine Factory. It supports automatic loading and
and Spain, including the Wind Turbine Research Institute, the Testing and Inspection Center and the Blade R&D Institute, as well
unloading and paperless sorting, improving the factories’ in-house material outbound
as the affiliate R&D Management Office and multiple R&D institutes. These facilities are dedicated to the product and technology efficiency by 30%.
R&D in various segments and continuously improve the R&D management structure.
We invest a lot of resources to independently implement lifecycle quality management,
Excellent Quality realizing online management of all key business areas, including R&D quality, supplier
Strategy Management System (EQS) quality, manufacturing quality, after-sales quality, quality system, and quality problem
improvement.
The Company integrates resources from its global R&D platforms, establishes several industry-first testing platforms, gathers top
global experts in wind power, focuses on cutting-edge and frontier technologies in the industry, and constructs a global We achieve data integration of IOT and MOM. At Shaoshan and Bayannur blade factories,
Underlying Data Acquisition the two systems facilitate data collection and statistics for fabric dipping machines, and
technology research and development system. The Company is committed to creating value for customers through continuous
data collection and automatic identification for blade forming processes. At wind turbine
R&D and innovation and improving core competitiveness of products. System (IOT)
factories, the two systems support data collection for robots and wrenches, and online
Under the directional guidance of the Company's R&D strategic planning, we have formulated innovation and R&D management monitoring and tracing of general assembly torque.
policies such as the Management Measures for R&D Project Incentives and the Management Provisions for Title Appraisal within
the R&D Division. The Company closely follows the global technology trend of “high, large, long, light and intelligent” in the wind
turbine field, and endeavors to strengthen our strategic determination and the core technology innovation ability. Case Sany Shaoshan “Lighthouse Factory”
SANY Renewable Energy actively promotes the application of advanced digital technology in Shaoshan Blade Factory,
Impacts, Risks and Opportunities realizing online management and efficient coordination of the whole business process, and comprehensively improving the
intelligent operation and management of the factory. Relying on its leading practices in intelligent manufacturing, Shaoshan
At SANY Renewable Energy, we regard technological innovation as the key to the future development of the Company and Blade Factory passed the lighthouse factory certification and became the first “lighthouse factory” in the wind power
industry, and actively manage our impacts, risks and opportunities. We have integrated risk management into product industry in the world. The factory was also awarded the honor of “2024 Intelligent Manufacturing Benchmark Enterprise of
development and other stages throughout the product lifecycle, and identified and evaluated risks and opportunities in the Hunan Province” in the Reporting Period, winning the Company a reputation and benchmark role for intelligent
manufacturing.
process of innovation. The Company maintains its technological leadership through technological research and development as
well as intelligent manufacturing. Relying on a sound intellectual property protection system and cooperation with academia and As a pioneer in the digital and intelligent applications for the whole blade manufacturing process, Shaoshan Blade Factory
industry, we effectively manage innovation risks, expand market opportunities and improve competitiveness. has realized end-to-end online management of all key links, including contract management, manufacturing, delivery and
logistics, installation, as well as operation and maintenance. It also deeply integrates refined quality control and
whole-process defect tracing to ensure high-standards and highly reliable product quality.
The factory continues to expand the digital twin system, and implement real-time interaction between MOM
Intelligent Manufacturing
(Manufacturing and Operation Management) and IOT (Internet of Things) systems to achieve dynamic equipment
monitoring and production forecasting. In addition, the factory integrates microgrid and energy consumption data in the
twin model to promote zero-carbon production and optimize energy management. During the Reporting Period, more than
At SANY Renewable Energy, we regard digital and intelligent transformation as the key path to improve the quality and efficiency 66.4% of our electricity consumption for production was self-supplied, contributing to green and clean development.
of production and operation. Adhering to the development philosophy of “high quality, high efficiency, high flexibility and
competitive cost” in wind turbine manufacturing, we aim to become a benchmark enterprise for intelligent manufacturing in the
wind power industry. Through automation, lean operation and digitalization, the Company has taken a leading role in intelligent
transformation of the industry.
The Company continues to deepen the R&D and application of intelligent manufacturing. We build and continuously optimize the
four intelligent manufacturing modules: the Intelligent Manufacturing Platform (MOM), the Warehouse Management System
(WMS), the Excellent Quality Management System (EQS) and the Underlying Data Acquisition System (IoT). Through the digital
integration of various systems and business modules, we achieve data integration and process management on workshop
production and operation. Focusing on key processes such as business operation, warehousing scheduling, equipment
management, manufacturing process and quality control, we realize intelligent integration in marketing, R&D, manufacturing,
service and other fields to improve management efficiency and production quality. End-to-end System for Digital and Intelligent Delivery Digital Twin Meta Platform
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About This Report Sustainability Approach Green Development Excellent Quality Business Integrity Appendix
Chairman Renewable Energy and Goals Business Prosperity Responsibilities
Industry Cooperation
Case SANY Renewable Energy Attended the WindEnergy Hamburg 2024
The Company actively exerts its influence in the industry. During the Reporting Period, SANY Renewable Energy
participated in many global wind power industry activities, including China Wind Power, WindEnergy Hamburg, Husum In September 2024, WindEnergy Hamburg 2024, an international wind energy exhibition in Europe
Wind, World Forum Offshore Wind, China International Wind Energy Composite Materials Summit Forum and Exhibition, (Germany), started with a grand opening. SANY Renewable Energy made a debut appearance at the
international exhibition, with the topic “Capture the Power of Wind, Usher in a Cleaner World”, to show SANY
and China Wind Energy Innovation and Development Summit Forum. Through extensive participation in industry
Renewable Energy’ s latest technical achievements and customized wind power integrated solutions,
exchanges and cooperation, we work with industrial chain partners to break through the technological boundary, leading
presenting “SANY Insights” for the high-quality development of wind resources around the world.
the wind power industry towards a more efficient and sustainable future.
During the exhibition, SANY Renewable Energy officially released the SI-17578 and SI-18580 models tailored
SANY Renewable Energy actively promotes industry-university-research cooperation and exchanges. We carry out R&D specifically for the European market. The models strictly follow the design principle of “high efficiency and
cooperation with research institutions on key products and technologies every year. Orientated to our R&D strategies, we lifecycle safety and reliability”, and meet the core requirements of the European market in material selection,
leverage the methodology and resource advantages of research institutions to navigate the Company’ s R&D, innovation safety standards, voltage adaptation and other aspects. The two models also have significant advantages in
and patent portfolio planning. power generation efficiency and reliability. In addition, as the world’ s first wind turbine manufacturer that
already has 131-meter ultra-long onshore wind power blades rolling off the production line, SANY
Renewable Energy shared its experience in material selection, airfoil design, manufacturing technology and
cooperation in the industry.
Shandong University of Technology Joint Research on Blade Fatigue and Reliability Improvement During the exhibition, the Company received about 150 customers and 12 media, and held 8 on-site
activities, winning good social response.
Joint Research, Testing and Verification of Bolt and Pre-buried
Changchun Sinotest Blade Root Bushings
The Company also actively assumes the responsibility as an industry leader to promote the standardization of the
industry development. During the Reporting Period, the Company participated in the formulation of 2 national standards,
i.e. the “Wind Turbine Ductile Iron Parts” and the “Power Transformer Energy Efficiency Limits and Energy Efficiency
Grades” , 2 industry standards, i.e. the “Evaluation Method of Wind Farm Grid Connection Performance” and the “Technical
Requirements and Testing Procedures for Grid Connection of Grid-connected Wind Turbines” , and 4 group standards.
By the end of the Reporting Period
Formulation or Revision National Industry Group Intellectual Property Protection
Standards Standards Standards Standards
At SANY Renewable Energy, we attach great importance to intellectual property protection, respect the intellectual
implemented the R&D Patent Work and Management Regulations, the Administrative Measures for Patent Application, the
Management Measures for R&D Project Incentives, and other intellectual property related policies, and set the objectives
for intellectual property management. With the policy system, we aim to stimulate innovation vitality among R&D
personnel and deepen the protection and application of our own intellectual property.
The Company is committed to capability building in the digital management of intellectual property. To realize
standardized online management of intellectual property related business processes, the Company has implemented an
intellectual property management strategy of “Four Features” , namely “standardized, online, automated and intelligent”.
During the Reporting Period, we also provided training for new graduates on two topics: patent basics and novelty search,
and patent mining and practical cases, aiming to strengthen employees’ awareness of and ability in intellectual property
protection.
Relying on a strong R&D system, efficient R&D management, and implementation capabilities in the field of intelligent
manufacturing, the Company continues to consolidate and expand its industry leading position in the core technology
fields of large megawatt intelligent turbine, transformer box in nacelle design, intelligent wind farm operation and
maintenance, independent pitch control system, ultra-high tower barrel, long blade, etc.
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Metrics and Targets
Case SANY Renewable Energy’s 35 MW Test Bench
During the reporting period, the company continued to increase its investment in technology R&D, advanced intellectual
property management in an orderly manner, and steadily progressed towards its R&D innovation goals and plans,
In October 2024, the world’ s largest 35 MW six degrees of freedom and drivetrain back-to-back test bench was
becoming a “National Intellectual Property Superior Enterprise”.
officially put into operation at SANY Renewable Energy’ s Wind Power Testing Center. The test bench won the Wind
Power Innovation Award (Top 5) of Windpower Monthly, an international authoritative media, and was awarded
several honors in China, including the Innovation Studio of Changping District, Beijing. It was also reported by SANY Renewable Energy’s Targets in Intellectual Property Management
CCTV Live News.
This test bench, independently developed and designed by SANY Renewable Energy, utilizes a 100% domestic
Enhance the management system, improve the quality and quantity of intellectual property, and
supply chain. It is the most powerful, highly accurate, and comprehensive wind turbine drivetrain test bench in the Short-term
make full use of patent information to avoid risks and promote technological innovation.
world. With thousands of sensors monitoring the entire testing process, real-time multi-dimensional test data
collection feeds back into product design to refine digital simulation models, creating a closed-loop system from
testing to optimization that ensures the reliability of wind turbines throughout their lifecycle. It greatly improves the Augment the benefits of intellectual property to business operation and product R&D, enhance
safety and operating efficiency of wind power equipment. Medium-term brand value, and guarantee the free operation of products.
The successful operation of the 35 MW test bench is a testament to the dedication of China’ s wind power industry
in pushing technological boundaries. SANY Renewable Energy will remain committed to an innovation-driven
strategy to lead wind power upscaling and drive the high-quality development of the wind power sector. Long-term Turn the operation of intellectual property into a profit source for the Company.
Metrics
R&D Percentage of R&D
Investment Expenditure to Revenue
RMB 777 Million 4.37%
Newly Obtained Newly Obtained Utility
Invention Patents Model Patents
Case SANY Renewable Energy’s 15 MW Onshore Wind Turbine Set A New Global Record
Newly Obtained Newly Obtained
Design Patents Software Copyrights
In November 2024, the 15 MW onshore wind turbine
SI-270150 (922 platform) independently developed by
SANY Renewable Energy was successfully installed in
Tongyu, Jilin Province and realized full-load operation.
It won the Top 1 gold medal in the selection of
“World’s Best High-Power Onshore Wind Turbine” of R&D Percentage of
Windpower Monthly.
Personnel R&D Personnel
The 922 platform is a blockbuster product of SANY
Renewable Energy for sea-land platform, designed 752 11.88%
with super-large impeller diameter, featuring higher
power generation efficiency and better cost per KWh.
The annual power generation of a single wind turbine
Personnel with Percentage of Personnel
can meet the annual electricity demand of 160,000
Master’s Degree or above with Master’ s Degree or above
households. This is another successful practice of the
Company in the fields of large-megawatt design,
R&D, testing and verification.
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Customer Service To ensure stable operation of the wind farm, we carry out an annual “Strict Prevention and Thorough Protection” scheme to
address the safety risks of wind turbines by proactively identifying and rectifying the operational defects of the wind turbines.
At SANY Renewable Energy, we uphold a customer-centric value, and stick to the business concept of “meeting customer needs
and creating unique value for customers”, providing customers with a convenient holistic solution for intelligent operation and
maintenance. We provide customer service in a standardized manner, improve the quality of products and services, and During the Reporting Period
continuously optimize customer experience with professional and dedicated service.
Customer Service
the scheme covered 5,433 wind turbines, with 1,568 defects identified and rectified. The
platform released more than 11,100 early warning work orders, mitigating more than 8,200
SANY Renewable Energy adopts an after-sales service management system with service teams stationed on site to serve
customers throughout the product lifecycle. We have set up service companies to centrally manage customer service, and hidden hazards of defaults, significantly improved the overall operational efficiency of the wind farm.
appoint a project service manager by wind farm. The on-site project team strictly follows the Company’ s operating procedures
to handle product failures, conduct regular inspection and maintenance and carry out technical renovation at the wind farm to
ensure the standardized rendering of after-sales service.
Sustainable Supply Chain
The Company has formulated policies including the Customer Response and Complaint Handling Process and the Customer
Satisfaction Management Process, clarifying the procedures and requirements for customer service management, and At SANY Renewable Energy, we are well aware of the positive benefits of a stable and competitive supply chain to the
establishing effective customer complaint and communication mechanisms. These enable us to respond efficiently to Company’ s operations. We continue to strengthen the construction of the supplier responsibility management system, working
customer needs and optimize customer experience. We conduct regular inspections, wind farm questionnaire surveys and with partner suppliers to enhance supply chain resilience and drive win-win common growth through co-creation.
other actions to collect customer opinions on improvements of products and accessories, and develop product technical
improvement plans tailored to customer needs to effectively address customer concerns. We carry out follow-up customer
surveys every 2 months to understand customer opinions on product quality, cost performance, after-sales service, equipment Supplier Management System
use, brand and other issues, and collect their comments on quality and service. Focusing on the actual needs of customers, we
build up our product R&D and innovation and service capabilities, thereby improving customer satisfaction.
Supplier Management
During the Reporting Period
The Company has established the Sustainable Procurement Committee as the supreme responsible body for supply chain
we collected362 replies from customers, and achieved a closed-loop resolution rate of 99.7% management. The Commercial Department is responsible for the routine management of the supply chain. The Company has
formulated management policies such as the Supplier Management Policy and the Supplier Quality Management Manual, forming
and a customer satisfaction score of 96.7 points in the survey. a robust management system covering core processes such as category sourcing, supplier admission, supplier evaluation and
supplier exit.
Responsible Marketing
Supplier Lifecycle Management Processes
SANY Renewable Energy actively carries out responsible marketing management. We strictly abide by the Advertising Law of
the People’ s Republic of China, the Law of the People’ s Republic of China on Protection of Consumer Rights and Interests, the
EU Unfair Commercial Practices Directive, and other relevant laws and regulations in the places where we operate. In this way,
we regulate our marketing practices and ensure legal and compliant marketing of the Company. During the Reporting Period, Formulate the Production Supplier Sourcing Process, and develop qualified suppliers through
Sourcing
the Company did not have any marketing violations. websites, surveys, trade fairs, internal referral and other channels.
Customer Empowerment
Formulate the Supplier Admission Process, define the criteria of qualified suppliers, conduct
We provide customers with a one-stop solution covering the entire lifecycle of the wind farm. In all stages of a wind farm supplier admission review on their quality, R&D and innovation ability, sustainability performance
Admission
project from the planning to the EPC construction and to the operation and maintenance, we provide customers with a full and other factors, and require suppliers to commit to comply with the Supplier Code of Conduct.
range of management services. And by applying lean digital technology, we integrate the intelligent wind farm system with the
wind turbine product design to maximize product performance, and help customers improve the operational efficiency and
economic benefits of the wind farm.
Conduct regular audits, performance evaluation and re-grading of suppliers, and advance
Assessment and
We understand that stable wind turbine operation is critical to our customers’ productivity and cost control. The Company Maintenance targeted supplier relationship management.
innovatively applies the wind turbine health manager and the intelligent operation and maintenance platform to realize 7*24
monitoring of wind turbines, and conduct online whole-process management of wind turbine operation and maintenance. The
intelligent platform enables automatic health checks of wind turbines and early warning on defects. It identifies wind turbines in
non-optimal conditions and generates early warning work orders for improvement, achieving closed-loop management of Formulate the Supplier Exit Process and establish the supplier elimination rules. The supplier
monitoring-analysis-prediction-improvement. By applying this approach of early warning predictive maintenance, we provide Exit exit process is initiated when the supplier has problems on qualification, legal disputes,
customers with a more proactive and accurate operation and maintenance model and help them reduce the failure rate of their environmental compliance, business ethics, poor performance or others.
wind turbines.
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As of the end of the Reporting Period，Sany Renewable Energy had a total of 248 production (material) suppliers4. Risk Criteria
Number of Suppliers by Region
Country
Jiangsu Province 49 Policy and regulatory changes, geopolitical risks, natural
Country disasters and climate change, etc.
Shanghai Municipality 31
Industry
Zhejiang Province 25 Industry Raw material prices, carbon emission requirements,
technical compliance, etc.
Beijing Municipality 21
Shandong Province 20 Commodities
Commodities
Supply chain stability and environmental requirements
of core components.
Other Regions 102
During the Reporting Period, we formulated the Management Measures for Sustainable Procurement Risks and
The Company implements the Supplier Performance Evaluation and Rectification Process, setting performance
Opportunities, establishing risk assessment standards in environmental, social and health and safety dimensions, and
evaluation standards concerning supplier quality, delivery, cost, service and other aspects. The supplier performance
formally integrating sustainabilit y risks into the supply chain risk management system. We use the Supplier
evaluation results are regularly released, rating the suppliers into four grades: A, B, C, and D. This approach forms a
Sustainability Risk Assessment Survey Form to conduct systematic sustainability risk survey on all suppliers every year.
benign mechanism of survival of the fittest. For underperforming high-risk suppliers, the Company includes them in the
Suppliers are managed in a targeted manner based on their sustainability risk level to effectively improve the resilience
supervision and management, and provides them with targeted support plans, driving the continuous self-improvement
and sustainability of the supply chain.
of suppliers and improving the quality of the supplier pool. During the Reporting Period, the Company evaluated the
performance of 172 suppliers, and helped 3 suppliers with rectification.
Sustainable Supply Chain
We follow the principle of category-based supplier rating to classify our partner suppliers, forming lists of strategic
suppliers, preferred suppliers and eliminated suppliers, which are managed in a hierarchical manner. By the end of the
The Company has formulated policies and guidelines such as the Supplier Code of Conduct, the Sustainable
Reporting Period, the proportion of strategic suppliers was 67.1% based on procurement expenditure.
Procurement Management Manual, and the Management Measures for Sus tainable Procurement Risks and
Opportunities. We integrate the concept and requirements of sustainable procurement into the supplier lifecycle
management through supplier corporate social responsibility (CSR) assessment, sustainability incentives, empowerment
Signed a valid strategic cooperation agreement
and other measures. During the Reporting Period, SANY Renewable Energy passed the third-party verification and
Criteria of Strategic Ranking top 3 in terms of purchase volume within the category become the first enterprise in the wind power industry to obtain the ISO 20400 Sustainable Procurement Declaration of
Supplier Conformity. To ensure the orderly advancement of sustainable supply chain management, we have set a number of 2030
Rated Grade A in the latest audit, or rated Grade B or above in
targets and action plans for sustainable procurement.
the admission review
Supply Chain Risk Management
During the Reporting Period
We identify the existing or potential sustainability risks in the supply chain based on our business characteristics. We
have formulated the Supplier Risk Assessment Measures, providing guidance on our regular review and identification of SANY Renewable Energy passed the third-par t y verification and
supplier risk level and the development of targeted risk control measures or implementation rules. In supplier evaluation become the first enterprise in the wind power industry to obtain the ISO
and management, we prioritize strategic suppliers and suppliers with high risk in sustainability, to effectively avoid or 20400 Sustainable Procurement Declaration of Conformity.
reduce supply chain risks. By the end of the Reporting Period, the Company had not identified any suppliers with
“significant risks”.
level and limited materiality of service providers, this report focuses on the management measures and performance related to production
(material) suppliers.
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Management Strategy of Sustainable Supply Chain During the Reporting Period, we made the following progress in our supply chain sustainability empowerment:
Suppliers must be committed to complying with the Supplier Code of Conduct, as well as Supply Chain Sustainability Empowerment
the contract terms concerning labor and human rights, environment and climate,
Supplier Code business ethics, intellectual property, information security, and other issues, and fulfill In July 2024, SANY Renewable Energy held its first large-scale supplier sustainability
of Conduct training, covering a total of 109 key suppliers with high influence and high purchase
their social responsibilities. By the end of the Reporting Period,98.80% of the
Company’s suppliers had signed the contract containing articles of environmental, labor
volume in the production category, accounting for 81% of the total purchase volume in
Supply Chain 2023 and 2024. The training elaborated on four topics: Why is ESG important, strategic
and human rights requirements.
Sustainability
planning of ESG, sustainable procurement system building, and the Company’s
Empowerment
expectations and requirements for suppliers. The purpose is to help suppliers improve
Formulate corporate social responsibilit y (CSR) assessment requirements in
their ESG awareness and management capabilities and contribute to the construction
accordance with the Supplier Code of Conduct. The assessment can take two forms:
Supplier CSR Self-Assessment Questionnaire and on-site CSR audit. of a sustainable supply chain.
Conduct CSR assessment in different forms and frequencies based on results of the
The Company includes sustainable procurement related indicators in the performance
annual supplier sustainability risk survey.
evaluation indicators for the internal procurement team. During the Reporting Period,
Procurement Officers we provided sustainability themed training for procurement officers. The four topics
Sustainability Self-Assessment Questionnaire
On-site CSR Audit Sustainability included ESG capability, sustainable procurement development plan, sustainable
Risk Level on CSR for Suppliers Empowerment procurement exchange meeting, and ISO 20400 system construction and
CSR Low As needed implementation. The training achieved a 100% coverage of the procurement team and
Assessment strengthened capability building in sustainable procurement.
Medium Once a year Once a year
Supplier Diversity
High Once a year Once a year
SANY Renewable Energy attaches great importance to supplier diversity, and sets a target of increasing the proportion
During the Reporting Period, 80% of suppliers, calculated based on procurement of local and diverse suppliers to 15% by 2030. We actively establish cooperation with diverse suppliers such as
expenditure, were covered in the CSR assessment (including self-assessment businesses owned by racial or ethnic minorities, women or veterans, or social businesses, and give priority to diverse
questionnaire and on-site audit), 78% went through on-site CSR audit. All the suppliers under the same conditions. By the end of the Reporting Period, we had partnered with a total of 25 businesses
suppliers that were assessed as unqualified rectified the problems within the specified owned by women, veterans, minorities or people with disabilities, representing 10% of our total suppliers.
time to meet the sustainability management requirements.
By the end of the Reporting Period
The Company prioritizes cooperation with suppliers with excellent sustainability We had partnered with a total of 25 businesses owned by women, veterans, minorities or
Sustainability
performance. For suppliers with different sustainability levels, we implement positive people with disabilities, representing 10% of our total suppliers.
Incentives incentives including price incentives, order incentives and goodwill incentives, and
negative incentives such as elimination, to encourage suppliers to continuously improve
their sustainability capabilities.
Management of Conflict Minerals
SANY Renewable Energy is committed not to directly sourcing products containing conflict minerals, and requires
Supply Chain Sustainability Empowerment suppliers to comply with the same requirements. The Company has formulated the Sustainable Procurement Policy,
stipulating that all the products of the Company and our suppliers should be free of the minerals that are used to
directly or indirectly finance conflicts between countries or that originate from conflict-affected or high-risk areas. The
The Company actively pushes on the supply chain sustainability empowerment, and is committed to improving the Company has incorporated the requirements for conflict minerals into the Supplier Code of Conduct, requiring all
sustainability level and management capabilities of the Company and partner suppliers to meet SANY Renewable suppliers along the supply chain to practice responsible sourcing in line with the OECD Due Diligence Guidance for
Energy’ s requirements of sustainable supply chain management. We work closely with suppliers through daily Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.
communication, evaluation, on-site visits and other measures. To drive the systematic advancement of the sustainability
empowerment, we have set clear frequency and participation rate for training. In detail, our target is to carry out at least We conduct conflict minerals due diligence by adopting the Supplier CSR Self-Assessment Questionnaire and Conflict
one special sustainability training session for suppliers every year and two for procurement officers every year, with a Minerals Reporting Template (CMRT). We carry out responsible minerals management in four procedures: supplier
participation rate of no less than 90%. screening for all product categories, awareness campaigns for all suppliers, source investigation and on-site audit. We
require suppliers whose products contain 3TG to sign the Letter of Commitment to Responsible Minerals and to trace
the origin of conflict minerals before they go on cooperating with us. These measures ensure that the Company is not
involved in the use of conflict minerals.
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Business Integrity
Integrity lays the cornerstone of SANY Renewable Energy’ s
development. Regarding business ethics as the foundation for
our business, we constantly update and refine our governance
system, and strive to create a culture of business integrity and
a robust risk compliance management mechanism to underpin
the Company’s steady and long-standing prosperity.
Sustainability Issues United Nationals Sustainable Development Goals (SDGs)
Business ethics, Sustainable governance, Compliance and risk management, Data security and privacy protection
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Corporate Governance
At SANY Renewable Energy, we have established a reasonable and compliant corporate governance structure with
well-defined roles and responsibilities. With this structure, we can govern the Company in a more standardized and The Board of Supervisors is responsible for supervising the Company’s
efficient manner, thus promoting the high-quality and sustainable development of the Company as well as the economy financial positions, major matters and the compliance with laws and
and society. The Board of Supervisors regulations of directors, managers and other senior management in the
performance of their duties, promoting the coordinated operation of the
Governance Mechanism Company’s governance bodies and enabling effective checks and balances.
The Company strictly abides by laws and regulations such as the Company Law of the People’ s Republic of China, the The management team is accountable for the Board of Directors and perform
Securities Law of the People’ s Republic of China, the Code of Corporate Governance of Listed Companies, and the Rules daily production and operation practices as authorized by the Board of
Management Team
Governing the Listing of Stocks on the STAR Market of the Shanghai Stock Exchange. The Company has formulated the Directors or as required by its role.
Articles of Association and established a modernized corporate governance structure consisting of the shareholders’
general meeting, Board of Directors, Board of Supervisors and management team. In addition, we have formulated and
improved the rules of procedure to ensure that the main owners responsible for the corporate governance fully perform
their duties in a standardized and efficient manner, to enhance the Company’ s capability and level of modernized
By the end of the Reporting Period
governance.
Total Female Percentage of Independent Percentage of
The
Shareholders’ Strategy and Sustainability Directors Directors Female Directors Directors Independent Directors
The Board of General Meeting The Board of Supervisors
Supervisors
Audit Committee
The Board of
Directors
Nomination Committee
Remuneration and During the Reporting Period
Appraisal Committee
Management Team
The Company held 3 shareholders' general meetings, 13 meetings of the Board of Directors, 10 meetings
of the Board of Supervisors, and 16 board committees' meetings.
SANY Renewable Energy’s Governance Structure
The Company convenes shareholders’ general meetings on a regular basis in
strict accordance with the Rules for Shareholders’ Meetings of Listed
Board Diversity
Companies, the Articles of Association and other laws, regulations, rules and
Shareholders’ General Meeting policies. We diligently perform procedures such as meeting notification, SANY Renewable Energy recognizes the importance of board independence and diversity. The Company has formulated
proposal, deliberation and voting, ensuring that the shareholders are equally the Board Independence and Diversity Policy, clarifying the mechanism for the nomination and election of directors, and
treated and effectively exercise their rights as shareholders, such as their setting up a reasonable director structure. By doing so, we ensure that the Board of Directors is able to effectively make
rights to be informed, to participate, to make inquiries, and to vote. independent judgments and scientific decisions when reviewing and deliberating on major matters.
The Board of Directors is accountable for the shareholder’s general meeting. The Nomination Committee of the Board regularly reviews the board diversity in multiple dimensions, not only taking
Serving as the strategic decision-making body, the Board leads and supervises into account educational background, professional experience, skills, knowledge, and seniority, but also gender, age,
the Company’s business development, strategy formulation and performance. nationality, ethnicity, cultural background and other factors. The board committees are comprised of industry talents
The Board of Directors and The Board of Directors consists of 4 committees: Audit Committee, and specialists with expertise in accounting, finance, engineering and other fields, which guarantee the effective
Sub-committees Nomination Committee, Remuneration and Appraisal Committee, and Strategy performance of the Board of Directors’ duties and uplift the level of comprehensive corporate governance.
and Sustainability Committee. These committees are responsible for providing
advice on special matters, assisting the Board in making decisions and
guaranteeing the scientific basis of the Board’s professional decisions.
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Investor Relations Three Lines of Defense for Compliance Management
The Company attaches great importance to investor relations management and actively safeguards the legitimate rights
and interests of investors, especially small and medium-sized investors. The Company has formulated the Investor
Relations Management Policy and other polices, and manages investor relations in strict accordance with these policies.
The Company has formulated the Information Disclosure Management Policy and other
relevant policies concerning information disclosure to regulate the Company’s conducts in
First Line of Defense Second Line of Defense Third Line of Defense
this regard, and to safeguard the quality of information disclosure. By doing so, we ensure
Information Disclosure that the Company’s shareholders, creditors, potential investors and other stakeholders
are able to gain a comprehensive understanding of the Company’s operating status, Each business department or The Finance Department, Legal The Audit Department audits the
financial positions, risks and prospects. During the Reporting Period, the Company subsidiary is responsible for Department and other relevant main business processes and
disclosed a total of 96 announcements and 206 documents to the public. identifying and controlling risk departments assist business high-risk business areas of all
points involved in its own departments to control departments of the Company,
The Secretary of the Board of Directors of the Company, acting as the head of investor operations compliance risks in their areas of covering all risk points of the
relations, is fully responsible for the investor relations management of the Company. We expertise Company every two years. For any
also have investor relations specialists based at the Securities and Investment Office to findings in the audit, the Audit
Investor Communication
facilitate communication with investors. During the Reporting Period, the Company Department holds the responsible
responded to investor inquiries 260 times, held 294 investor communication meetings, persons accountable, and works
participated in 121 investment strategy report meetings, 3 results presentations, 6 senior with relevant business departments
management talks and 2 open days for small and medium-sized investors. to develop rectification plans and
track their progress
The Company always places emphasis on the protection of shareholders’ rights and
interests. Therefore, the Company has formulated and strictly implements relevant
policies, and actively follows the procedures to convene shareholders’ meetings, showing
The Company strictly implements the Risk Management System. This includes refining the risk management
Returns to Shareholders our commitment to creating long-term value for shareholders and promoting sustainable
development of the Company. During the Reporting Period, the Company formulated and
mechanisms for key business processes, such as product or service development, and procurement, to ensure all risk
actively implemented a dividend plan, distributing cash dividends of RMB 706 million in management procedures are carried out in a standardized and efficient manner. A risk assessment plan is developed on
June 2024, and developed and carried out a stock repurchase program which was an annual basis. The Audit Department collaborates with relevant business departments to identify high-risk steps or
completed in January 2025, paying RMB 325 million for the repurchase. control deficiencies in core business processes, and conduct in-depth assessments on these key risk items on a regular
basis. By doing so, we continuously enhance risk prevention and control capabilities.
The Company has established a robust corporate governance structure in accordance
with the laws and regulations including the Company Law of the People’s Republic of
Protection of the Rights China, the Securities Law of the People’s Republic of China, and the Rules Governing the Risk Management Process
and Interests of Listing of Stocks on the STAR Market of the Shanghai Stock Exchange, as well as internal
Shareholders and Creditors policies such as the Articles of Association. The governance structure enables the
Company’s shareholders, creditors and potential investors to have prompt and equal Accurately identify internal and external risks related to the actual control targets and
access to information, and to participate in the Company’s governance activities in a Risk
determine relevant risk tolerance, i.e. the level of risk that the Company can withstand,
compliant manner, so as to effectively safeguard their legitimate rights and interests. Identification
including the overall risk tolerance and the acceptable level at the business level.
Compliance and Risk Management Dedicated personnel analyze and prioritize the identified risks based on the likelihood
Risk of occurrence and the magnitude of the impact using both qualitative and quantitative
SANY Renewable Energy continuously improves the risk management mechanism, refines the internal control and Assessment approaches following standardized procedures, to highlight the areas of focus and key
compliance management system, and intensifies efforts in audit and monitoring in a bid to prevent all kinds of business
risks.
risks, and guarantee the Company’s stable and compliant operation.
Risk Management Risk Tailor risk responses to the risk analysis results, the risk tolerance and the risk-benefit
Response analysis, reasonably assess and accurately understand the risk preferences of senior
In accordance with the Basic Norms of Enterprise Internal Control and other regulations，the Company has formulated management and employees in key positions, and take appropriate control measures.
the Internal Control System, the Risk Management System, the Management System for External Guarantees and the
Management Measures for Related Party Transactions, which constitute the internal control and risk management
Regularly supervise and review the progress and effectiveness of risk responses
system of SANY Renewable Energy. At SANY Renewable Energy, the Board of Directors is the supreme responsible body
Supervisory implemented by each department, evaluate the effectiveness of risk management, and
for internal control and risk management. The specific work of risk management is carried out under the coordination of Reporting summarize the risks and responses to form a risk management report to the Board of
the CEO office. The Audit Department and other internal control personnel of the Company assume responsibilities for
Directors.
specific supervision and inspection work. And the three lines of defense for compliance management are built by the
joint efforts of various departments.
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Emerging risks refer to new or changing risks arising from changes in the external environment, which may cause Internal Audit Process
serious negative impacts on the Company and need to be prevented and managed with effective measures. In response
to the ever-changing external environment, the Company has incorporated emerging risks into the risk management
mechanism. We regularly identify, assess, monitor and report on emerging risks, and conduct in-depth analysis of the
Develop Define Conduct Identify
identified risks to determine their potential medium- and long-term impacts and formulate corresponding mitigation
the Audit the Scope the Risk
measures. During the Reporting Period, we refreshed our assessment and analysis of emerging risks. The results of Audit Audit Matters
Plan
indicate that geopolitical conflict risk and data privacy and security risk are the major emerging risks we face.
Geopolitical Conflicts Data Privacy and Security
Report,
Intensifying global geopolitical tensions As the pace of digital transformation picks up, Track and Record the Prepare Develop
Supervise the Audit in the Auditor’ s the
may lead to supply chain disruptions, raw SANY Renewable Energy is exposed to risks
Rectification Management
Report Rectification
material price fluctuations, higher trade of data breaches, cyber attacks and Progress System Plan
barriers, and rising market uncertainty, compliance in intelligent manufacturing,
which consequently will affect our remote O&M, and customer data
Risk Description international business expansion and management, which may adversely affect the
During the Reporting Period, we conducted a total of 33 internal control audits in accordance with our annual work plan,
operational stability. Company’s reputation and customer trust.
issuing 33 audit’s reports. These audits focused on various fields, such as marketing, business operations, infrastructure,
finance, quality, manufacturing, process, IT, administration and business ethics. Through the internal audits, we
We will optimize our global supply chain The Company will enhance the data security
identified a total of 197 risks, of which 173 have been rectified. For the remaining risks, we will continue to push ahead
layout and enhance our capabilities of system by adopting advanced encryption
with the rectification through the “SANY Smart Supervision and Audit Platform”, to effectively enhance the operation and
local production and procurement to technology and access control mechanism to
management compliance and risk prevention and control ability of the Company.
reduce dependence on a single market. safeguard sensitive information. Moreover,
At the same time, we keep a close eye on we will conduct regular cybersecurity audits
international policy developments, and employee training to enhance overall
strengthen compliance management, security awareness. At the same time, we
Business Ethics
Responses and ensure the compliance of our strictly abide by domestic and foreign data SANY Renewable Energy values integrity as the fundamental principle of the Company’ s operation. We strictly abide by
business with the regulatory compliance requirements to ensure data the Company Law of the People’ s Republic of China, the Criminal Law of the People’ s Republic of China, the Anti-Unfair
requirements of various countries. In management compliance and reduce legal Competition Law of the People’ s Republic of China and other laws and regulations, and adopt a zero tolerance attitude
addition, the Company will explore and operational risks. towards violations of business ethics such as corruption, bribery, fraud, money laundering and unfair competition.
emerging markets through a diversified
market strategy to mitigate the impact of
geopolitical risks on the business.
Business Ethics Governance
The Company has formulated the Business Ethics Policy. This policy provides business ethics guideline for all
We carry out special training on risk and compliance management for employees from time to time based on the employees, customers and partners of the Company to help all stakeholders correctly understand and deal with
operation and management needs of the Company. These training sessions enable us to meet employees’ needs for business ethics issues. By doing so, we aim to maintain the culture of integrity and the trust of customers and partners
relevant professional skills and enhance their awareness and capabilities of risk and compliance management. During in us, and to secure our sustainability. At SANY Renewable Energy, the Board of Directors is the supreme responsible
the Reporting Period, we conducted annual risk management training for all directors (including non-executive body for business ethics management, the Audit Department coordinates the establishment of a business ethics system
directors) of the Company, training on internal control evaluation rules and plans for employees involved in marketing, and mechanism, and the CEO office assists in conducting business ethics surveys and training. In this way, we strive to
business and financial systems, internal risk training for marketing companies, training on internal compliance, integrity continuously strengthen our business ethics governance system. During the Reporting Period, SANY Renewable Energy
and risks for the Commercial Department, and group-wide integrity training, with a total of about 200 participants. went through an audit conducted by an external third party, obtaining the statement of conformity of ISO 37001
Anti-Bribery Management System.
Audit Management To cultivate a clean and efficient working atmosphere, the Company has set up specific regulations for employees’
conducts under various scenarios where employees are prone to violation of business ethics. All employees are required
The Company has formulated internal audit polices such as the Audit Management Policy and the Auditor Professional to sign a letter of commitment to business ethics compliance. In addition, the Audit Department, as the supreme
Ethics Management Policy, which set up the standardized process of internal audit. These policies enable us to ensure department responsible for business ethics compliance, audits the Company’ s compliance with the regulations on
the effective operation of internal audit as the third line of defense for the Company’s compliant operation. financial and business activities from time to time.
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Business ethics regulations Whistleblower Protection
Formulate the Anti-Corruption and Anti-Bribery Management Policy, and the We encourage the Company’ s employees, suppliers, customers and other stakeholders to report on any suspected violation of
Conflict of Interest and Integrity Policy, to strictly prohibit employees and laws and regulations or business ethics to the Audit Department. The Company has formulated the Whistleblowing Policy, which
Anti-corruption partners from corruption and bribery, embezzlement, abuse of power and other specifies the management requirements for reporting channels, reporting process, confidentiality and incentives for loss
misconducts, and to clarify the scope and content of the Company’s recovery. In addition, we have designated dedicated personnel in charge of complaints and reports, who are responsible for
anti-corruption audits. receiving information on whistleblowing and arranging the handling of The Reported cases based on the priority, ensuring that
the complaints and reported cases are handled in a timely and effective manner.
Actively promote and implement the anti-fraud and anti-money laundering
Anti-fraud and policies, to strictly prohibit employees from any form of fraud and money
anti-money laundering laundering, and achieve zero occurrence of fraud and money laundering through SANY Renewable Energy 24/7 Business Ethics Reporting Channels
policy instruction, training and education, audit announcement and other means.
Formulate the Anti-Unfair Competition Management Policy, to prohibit relevant Email：znxx@sany.com.cn Hotline：15021189396
departments of the Company and their employees from conducting confusion
Anti-unfair competition
marketing, misleading marketing, collusive bidding and other ways to seek unfair
benefits, and maintain the normal competition order in the market.
After the tip-off is confirmed authentic, the Audit Department will lead the investigation of the business ethics violation, with
Formulate the Conflict of Interest and Integrity Policy, to specify the regulations
accordance with the Company’ s Accountability Management Policy. The Company is committed to strictly keeping the
for handling incidents related to conflict of interest, to avoid conflicts between
Conflict of interest whistleblower’ s information confidential, and prohibits retaliation or unfair treatment against the complainant. If any form of
personal interests and the Company’s interests, and to protect the Company’s
retaliation is found, it will be handled strictly in accordance with the laws and regulations in an effort to effectively safeguard
interests from being impeded or compromised.
the rights and interests of the whistleblower. During the Reporting Period, there were 3 business ethics related reports received
and filed in the Company’ s report and complaint archives. All of The Reports were thoroughly investigated by the Audit
The Company occasionally audits the business ethics risk points in operations. The Company has formulated the Department, with relevant people involved in such violations held accountable and disclosed to the public.
Management Policy for the Self-Assessment of Business Ethics Risks, to improve the risk-oriented self-assessment
mechanism for business ethics risks. The policy enables us to strengthen and regulate the self-assessment of business
ethics risks and the self-assessment of the effectiveness of relevant risk control measures, ensuring timely identification Data Security and Privacy Protection
and control of risk items.
SANY Renewable Energy attaches great importance to information security and privacy protection. We strictly abide by the
Data Security Law of the People’ s Republic of China, the Personal Information Protection Law of the People’ s Republic of China,
During the Reporting Period
the General Data Protection Regulation of the EU and other global privacy and data protection laws and regulations, maintaining
the robust management of information and data security of the Company.
During the Reporting Period, the Company conducted business ethics self-assessment reviews, covering
Information Security
corruption and handled it in compliance with the Company’s regulations. Our corruption and information
security due diligence covered 100% of new risky trading partners. The Company has formulated a string of management policies and systems, such as the Policy on Privacy Protection and
Information Security, the Employee Information Security Management System, the System for Information Security Incident
Handling and Emergency Management, the Third-Party Personnel Information Security Management System. Through these
policies, we have established effective mechanisms for data risk prevention and information security management. The
To promote the Company’ s honest, lawful and compliant operation as well as to provide business ethics guidelines for all
Company takes the Digitalization Department as the governing body for information security matters. In addition, the Company
employees, customers and partners of the Company, we conduct annual training on business ethics, organize the study has also set performance indicators (KPIs) for the Digitalization Department and the information security personnel, including
and examination of business ethics policies and systems, and sign the letter of commitment to business ethics. the number of violations, vulnerabilities and handling efficiency. The Company conducts a regular assessment based on these
KPIs. Besides, we continuously improve the information security management mechanism and refine the information security
management system. During the Reporting Period, the Company went through a third-party review of the information security
During the Reporting Period management system, obtaining the ISO 27001 Information Security Management System Certification.
The Company’ s Digitalization Department regularly conducts internal reviews of information security in accordance with the
The Company carried out 15 training sessions on business ethics for all employees including all senior regulations, and conducts information security vulnerability reviews through the information security operation platform. Then
the Company carries out rectification and information security reinforcement, and handles and files various types of information
management, with a total of 11,034 participants. The training sessions covered 100% of the employees. security risk incidents based on the results of the reviews. During the Reporting Period, the Company identified and rectified
of information security. This strongly enhanced the Company’ s information security management capability. During the
Reporting Period, the Company did not have any violation or lawsuit related to information security.
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Through information security training, we continue to strengthen the awareness of our employees on information
security and the professionalism of our information security engineers. In addition, we have formulated the Information
Securit y Points Management Rules, which links employees’ personal conduct points with their performance in
information security and training, in a bid to implement information security training and management initiatives.
During the Reporting Period
The Company carried out 2 information security training sessions, with a total of approximately 2,400
employee participants.
Privacy Protection
SANY Renewable Energy resolutely safeguards the privacy of customers, employees and all other stakeholders. To this
end, we strictly implement the Policy on Privacy Protection and Information Security, and carry out data lifecycle
management. We have set up specific code of conduct for our employees and third-party personnel under various
scenarios, covering the use of Company’ s information, information processing and record retention period, handling of
customer privacy, emergency response, and reporting of violations, to protect personal information and data security to
the maximum extent. In 2024, the Company did not have any personal information leakage incident or complaint related
to the infringement of personal privacy.
Data Lifecycle Management
Scenarios where the Company may collect customers’ information include data collection
during customers’ use of products or services, data collection from related companies or
Data
partners upon the consent of customers, and other scenarios. The Company shall obtain
Collection
consent from customers before collecting their information, and then collect personal
information in a lawful and compliant manner. Any data collection by fraudulent, deceptive
or misleading means or from illegal channels is forbidden.
When providing products or services to customers, the Company may need to share
Data customers’ information with related companies, authorized partners and cloud service
Sharing providers for purpose of the provision of such products or services. Any party sharing the
data is prohibited from using customer information for any purpose other than those
mentioned above without the customer’s consent.
Partners are required to sign strict non-disclosure agreements, strictly use the information
Data for the purposes stated in the privacy policy and take relevant confidentiality and security
Retention measures. When the third-party data is no longer used for business purposes, the Company
undertakes to retain the relevant data for a period of no longer than 2 years, after which the
data will be deleted in a secure manner.
Customers’ Customers have the right to be informed about, access, correct and delete their own
Rights information.
The Company has established complaint and whistleblowing channels for information
security incidents, and encourages all stakeholders to complain or report to the Company
Whistleblowing any violation of the information security and privacy policies. The Company is committed to
Channels strictly keeping the complainant’s information confidential and prohibits retaliation or unfair
treatment against the complainant.
Email：huojb@sany.com.cn Hotline：18910176419
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Community Responsibilities
Shouldering the social responsibility, SANY Renewable Energy
sincerely gives back to communities and contribute to society.
By leveraging our business characteristics and resource
advantages, we engage in community building, public welfare
and charity activities to achieve harmonious and common
growth of the Company and society.
Sustainability Issues United Nationals Sustainable Development Goals (SDGs)
Charity and Community Engagement
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Community Engagement Public Welfare and Charity
SANY Renewable Energy actively supports the development of the regions where the Company operates, contributing SANY Renewable Energy is always committed to shouldering corporate social responsibility. Adhering to the concept of
to local economic growth. In economically underdeveloped areas, the Company invests in wind farms based on local “responsibility goes before performance”, we actively participate in public welfare initiatives. At the project development
conditions. We provide customized solutions for maximizing the utilization of natural resources, to ensure that the and design stage, the Company innovatively integrates the wind farm access with township infrastructure construction,
projects create both economic benefits and environmental value. The Company boosts the sustainable development of and builds and upgrades roads for free, providing convenience for local residents.
the regional economy through new energy transition, helping build liveable, harmonious and beautiful communities.
During the construction of Suxian Liangtian Wind Power Project Phase II in Chenzhou, the Company
SANY Renewable Energy’s Wind Farm Project upgraded 17.31 kilometers of roads, of which 9.39 kilometers are indispensable for the villagers’ daily
travel, making villagers’ travel much easier. The project is carried out in line with the concept of
green construction. We sowed grass seed across an area of 10 hectares, and hydroseeded an area of
land, effectively improving the local ecological environment.
Case Shenxianling Wind Farm
At the early construction stage of Shaodong Huangdiling Project, we transformed 12 kilometers of the
Shenxianling Wind Farm combines wind farm construction, environmental protection and community original fire emergency access of the local town into the wind farm access. The transformation project
engagement. It is the first eco-smart wind farm in China, creating both ecological and economic benefits. was incorporated by the local government into the “Fifteenth Five-Year Plan”, to enhance the fire
prevention capacity of the township while promoting the development of the local tourism industry.
This project contributes more than RMB 7 million of tax revenue to the local government every year, while
achieving remarkable results in ecological restoration. 49.88 hectares of land has been reclaimed, with the
disturbed land treatment rate reaching 98.56%. 30 hectares of land has been treated for water and soil
erosion, with a treatment rate of 98.57% in total. And 30 hectares of land was revegetated, with a vegetation As an important equipment manufacturer of the country, SANY Renewable Energy always focuses on boosting the
restoration rate of 99.61%. development of science education. We were awarded the title of “Beijing Changping Talent Resource Base for
Technological Innovation Development” . The base was visited by 47 groups of primary and secondary school students in
this year, with a total of more than 2,500 visitors. It helps cultivate more young people with the spirit of innovation and
practical ability, contributing to the development of the education.
SANY Renewable Energy attaches great importance to maintaining good communication and interaction with local
communities while encouraging employees to participate in public welfare initiatives. We endeavor to improve both the
Case Shuifa Longhai Wind Farm living environment and the quality of life of residents nearby, aiming to build a better community. The Company has
participated in the "Run! Wind Power Man" charity run activity for many years, to extend our love through running.
Meanwhile, we actively carry out disaster relief donations, educational donations, charity donations, rural revitalization
Shuifa Longhai Wind Farm, jointly built by Shuifa Group and SANY Renewable Energy, is one of the first wind donations and others. During the Reporting Period, the Company’s charitable donations totalled RMB 328,000.
farms in China that adopts 5 MW wind turbines in batches. As an important part of the “Jinlin-to-Shandong
Electricity Transmission Project”
, it is listed as a key energy planning project under the “14th Five-Year Plan” of
Shandong Province and Jilin Province.
The project plays a significant role in the construction of Jilin’ s “On-Shore Farms of Wind and Photovoltaic
Power” as well as in promoting Shandong’ s clean energy transition. Since the project achieved full-capacity
grid-connected power generation in May 2022, the Company’ s 66 wind turbines have reached a utilization
rate of 99.95%, generating about 800 million KWh of electricity annually, which can satisfy the power
demand of more than 300,000 households for the production and living in Shandong Province.
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Sustainability Indicators
Environmental Indicators Environmental Indicators
Indicator Unit 2023 2024 Indicator Unit 2023 2024
Greenhouse Gas Emission Performance5 Waste Performance
Scope 1 Emissions Tonnes of CO₂ Equivalent 21,489 12,703 Total Hazardous Waste Tonnes 1,171.15 1,622.23
Scope 2 Emissions - Market-Based Tonnes of CO₂ Equivalent
Scope 2 Emissions - Location-Based Tonnes of CO₂ Equivalent
Disposed by Third-Party Recycling Tonnes / 26,399.16
Energy Consumption Performance5
Disposed by Incineration / 1,554.50
Total Energy Consumption MWh 168,394.77 244,652.47
Packaging Material Performance
Total Direct Energy Consumption MWh 87,215.68 65,881.83
Total Packaging Materials Recycled
Renewable Energy Consumption by Third Parties Tonnes / 13.1
(Solar and Wind Power from Own Sites) MWh 12,942.10 12,084.07
Total Indirect Energy Consumption MWh 81,179.08 178,770.64
Social Indicators
Purchased Electricity MWh 81,076.39 178,770.64
Indicator Unit 2023 2024
Purchased Green Electricity MWh 3,804.58 11,721.10
Workforce
Water Consumption and Wastewater Discharge Performance
Total employees Person 5,721 6,330
Total Water Withdrawal m? 504,252.32 419,341.34
Number of employees by gender
From Municipal Water Supply m? / 418,291.34
Male Person 5,181 5,750
Other Sources m? / 1,050.00
Female Person 540 580
Total Wastewater Discharge m? 297,156.52 348,492.02
Number of employees by age group
Emission Performance
Aged 30 and below Person 2,403 2,471
Sulfur Dioxide Tonnes 0.20 0.25
Aged 30 to 50 Person 3,235 3,789
Nitrogen Oxides Tonnes 0.51 0.31 Person 83 70
Aged 50 and above
Particulate Matter Tonnes 36.11 62.00 Number of employees by job level
VOC Emissions Tonnes 20,732.40 15,713.24 Senior management Person 54 71
White Paper.
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Social Indicators Social Indicators
Indicator Unit 2023 2024 Indicator Unit 2023 2024
Middle management Person 893 1,053 Employee Turnover Rate7
Junior staff Person 4,774 5,206 Total turnover rate % 27.27 25.62
Number of employees by region Voluntary turnover rate % / 23.82
China Person / 5,571 Employee turnover rate by gender
Other countries and regions Person / 759 Male % 24.70 26.09
Number of employees by nationality Female % 2.57 20.55
Chinese (including Hong Kong, Macao and Taiwan) Person / 6,253 Employee turnover rate by region
Indian Person / 39 %
China 27.25 27.96
German Person / 11
Other countries and regions % 0.02 2.32
Other nationalities Person / 27
Workforce Diversity
Newly recruited employees
Number of employees with disabilities Person 46 58
Number of new employees Person 2,346 2,380
Percentage of female senior managers % 1.85 4.23
Percentage of internal recruitment6 % / 14.30
Percentage of female managers % / 1.42
Number of new employees by gender
Percentage of female managers in revenue
% / 10.47
generating departments
Male Person 2,124 2,168
Percentage of female employees in
% / 13.94
STEM departments
Female Person 222 212
Percentage of minority groups and/or
% / 11.27
disadvantaged groups senior managers
Number of new employees by age
Employee Performance and Compensation
Aged 30 and below Person 1,224 1,075
Unadjusted average gender pay gap (percentage
of the average total hourly wage of female % 94.41 101.47
Aged 30 to 50 Person 1,109 1,293 employees to that of male employees)
Percentage of employees receiving regular
% / 100
Aged 50 and above Person 13 12 performance and career development reviews
Percentage of the annual total remuneration
Number of new employees by region of the highest paid person to the median % / 6198
remuneration of other employees
China Person 2,270 2,103 Labor Management and Rights
Other countries and regions Person 76 277 Incidents of child labor Case 0 0
annually) × 100%
employees at the end of the period) × 100%
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Social Indicators Social Indicators
Indicator Unit 2023 2024 Indicator Unit 2023 2024
Incidents of forced labor Case 0 0 Percentage of employees receiving skill training % / 100
Incidents of Harassment Case 0 0 Occupational Health and Safety
Incidents per million
Lost time injury frequency rate (LTIFR) / 0.31
Incidents of Discrimination Case 0 0 working hours
Percentage of workplaces reviewed for human Number of work injuries Time 3 4
rights risks or assessed for human rights impact % 100 100
Number of days lost due to work injury Day 414 334.5
Formal employees labor contract signing rate % 100 100
Number of work-related fatalities Person 0 0
Formal employees social insurance coverage rate % 100 100
New occupational diseases Case 0 0
Employee satisfaction survey score Point / 84.7 Percentage of workplaces assessed for
employee health and safety risk % 100 100
Percentage of employees who are “very
engaged/satisfied”
% / 73.65 Percentage of premises with ISO 45001
certification % 100 100
Percentage of duly elected employee
representatives or employees covered by % / 100 Charitable Activity Engagement
collective agreements
Employee Training8 Total amount of charitable donation RMB 10,000 6 37.8
Training coverage % 100 100 Governance and Economic Indicators
Training hours Hour 600,191 826,552 Indicator Unit 2023 2024
Training investment RMB 10,000 245.20 410.55 Operating Performance
Average training hours of employees by gender Total assets RMB Million 33,376 41,403
Revenue RMB Million 14,939 17,792
Male Hour 104.8 83.6
Net profit attributable to the parent company RMB Million 2,007 1,812
Female Hour 106.0 86.7
Innovative R&D
Average training hours of employees by position
R&D investment RMB Million 872 777
Senior management Hour 102.1 94.4
Percentage of R&D expenditure to revenue % 5.83 4.37
Middle management Hour 103.2 93.2
Number of R&D personnel Person 853 752
Junior staff Hour 105.3 82.4 Percentage of R&D personnel % 14.91 11.88
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Governance and Economic Indicators Governance and Economic Indicators
Indicator Unit 2023 2024 Indicator Unit 2023 2024
Total number of patents Number 796 905 Product Responsibility
Number of innovation patents Number 207 240 Number of customer complaints Case 49 362
Number of utility model patents Number 584 655 Customer complaint handling rate % 100 99.70
Number of design patents Number 5 10 Number of product recalls Case 0 0
Number of software copyrights Number 215 295 Customer satisfaction (percentage basis) Point 95.70 96.70
Supply Chain Business Ethics
Number of Tier-1 suppliers9 # 255 248 Number of employees trained in business ethics Person 1,302 6,330
Percentage of employees trained in
Number of key suppliers # / 121 % 22.40 100
business ethics
Number of diverse suppliers # / 25 Number of complaints received and filed Case 6 3
Percentage of purchase amount from
% / 67.10 Number of business ethics litigations Case 1 1
key suppliers
Percentage of suppliers undergone CSR Number of compliance audits Time 32 33
assessments (including self-assessment
% / 80
questionnaires and on-site audits) based Percentage of premises internally audited/
on procurement expenditure % 100 100
assessed for business ethics issues and risks
Percentage of suppliers that have undergone Number of litigations or major administrative
on-site CSR audits based on procurement % / 78 penalties resulting from unfair competition Case / 0
expenditure.
Amount of money involved in litigations or
Number of suppliers eliminated due to failure major administrative penalties resulting from RMB / 0
# / 0
of sustainability assessment unfair competition
Percentage of suppliers signing the Supplier Percentage of risky trading partners covered
Code of Conduct
% 92 98.80
by corruption and information security due % / 100
Percentage of suppliers signing integrity diligence processes
agreements % / 98.80
Corporate Governance
Percentage of suppliers signing contracts that
include environmental, labor and human % / 98.80
rights clauses Number of directors Person 7 9
Percentage of procurement officers trained
in sustainable procurement % 100 100 Number of independent directors Person 3 3
Percentage of suppliers trained in
sustainable procurement
% / 100 Number of female directors Person 1 1
Percentage of suppliers whose information
on conflict minerals is available % / 86
Percentage of suppliers obtaining ISO 9001
certification % / 100
Number of suppliers obtaining external social
responsibility certificates such as SA 8000 # / 40
or ISO 2600010
production (material) suppliers.
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SSE Index Table GRI Index Table
Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies - Sustainability Report (Trial)
Instructions for Use: SANY Renewable Energy has reported information referenced in this GRI content index in accordance with
GRI standards from January 1, 2024, to December 31, 2024
GRI Used: GRI 1: Foundation 2021
Corresponding Chapter Disclosure
Dimension Issues Covered Material Issues Disclosure Items Chapter Index
in The Report Issues/Items
Response to climate change
Response to Climate Change GRI2：General Disclosures
Response to climate change Opportunity from clean
Sustainability Highlights
technologies
Green Operation
Emissions of pollutants
Sustainability Highlights
Emission and waste 2-2 Entities Included in the Organization's Sustainability Report About This Report
management Green Operation
Waste treatment Sustainability Highlights
Ecosystem and Green Operation provided in the corresponding
biodiversity protection Biodiversity protection 2-4 Restatement of information
Sustainability Highlights sections of the report
Environmental
Environmental compliance Environmental compliance Environmental Management Independent Third-Party
management management Sustainability Highlights
About SANY Renewable Energy
Green Operation 2-6 Activities, Value Chain, and Other Business Relationships Sustainable Supply Chain
Energy utilization Energy management
Sustainability Highlights
Green Operation
Water resources utilization Water resource management
Sustainability Highlights
Environmental Management
Circular economy Product lifecycle management Throughout Product Lifecycle
Sustainability Highlights 2-9 Governance Structure and Composition Corporate Governance
Rural revitalization Community Engagement 2-10 Nomination and Selection of the Highest Governance Body Corporate Governance
Charity and community
engagement
Social contribution Public Welfare and Charity 2-11 Chair of the Highest Governance Body Corporate Governance
Innovation-driven R&D and Innovation R&D and Innovation
Technology ethics / /
Supply chain security
Sustainable supply chain Sustainable supply chain 2-14 Role of the Highest Governance Body in Sustainability Reporting Sustainability Approach
Equal treatment of small and
Social medium-sized enterprises
Safety and quality of products Safety and quality of products Product Quality Management
and services and services Customer Service Sustainability Approach
Corporate Governance
Data security and Data security and privacy
privacy protection protection Data Security and Privacy Protection
Sustainability Approach
Corporate Governance
Equality and diversity Labor Rights Corporate Governance
Protection of labor and Human Rights Labor Rights
Employees Employment Development
Human capital development
Occupational health and safety Occupational Health and Safety 2-19 Compensation Policy Labor Rights
Due diligence Compliance and Risk Management 2-20 Process for Determining Compensation Labor Rights
Sustainable governance Stakeholder Engagement
Communication with stakeholders Sustainability Cooperation and 2-21 Annual total compensation ratio Labor Rights
Engagement
Sustainability
Anti-bribery and corruption 2-22 Declaration of Sustainable Development Strategy Sustainability Approach
Business ethics Business ethics
Anti- unfair competition
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Disclosure Disclosure
Disclosure Items Chapter Index Disclosure Items Chapter Index
Issues/Items Issues/Items
Communication and Training on Anti-Corruption Policies
GRI2：General Disclosures 205-2 Business Ethics
and Procedures
Sustainability Approach
Business Ethics
GRI206：Anti-Competitive Behavior
Legal Actions for Anti-Competitive Behavior, Antitrust,
Corporate Governance GRI301：Materials
Environmental Management
Compliance and Risk Management 301-1 Weight or volume of the material used Throughout Product Lifecycle
Business Ethics Green Operation
Environmental Management
GRI3：Material Topics 302-3 Energy Intensity Green Operation
GRI303：Water and Effluents
GRI201：Economic Performance
GRI202：Market Presence
GRI304：Biodiversity
Ratios of standard entry-level wage by gender compared to
local minimum wage
GRI203：Indirect Economic Impacts
GRI305：Emissions
Community Engagement
Public Welfare and Charity 305-1 Direct (Scope 1) Greenhouse Gas Emissions Response to Climate Change
GRI204：Procurement Practices
GRI205：Anti-Corruption 305-5 Greenhouse Gas Reductions Response to Climate Change
Business Ethics 305-7 Green Operation
Significant Gas Emissions
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Disclosure Disclosure
Disclosure Items Chapter Index Disclosure Items Chapter Index
Issues/Items Issues/Items
Percentage of Employees Undergoing Regular Performance
GRI306：Waste 404-3 Employee Development
and Career Development Reviews
Corporate Governance
GRI308：Supplier Environmental Assessment 408-1 Operations and Suppliers with Significant Child Labor Risk Labor Rights
Negative Environmental Impacts of the Supply Chain and Operations and suppliers with significant risk of forced or
compulsory labor events
GRI401：Employment GRI410：Security Practices
Labor Rights
Benefits Provided to Full-Time Employees (Excluding Temporary
Not applicable, operational activities
indigenous people's rights.
GRI402：Labor/Management Relations
GRI413：Local Communities
Operations with local community engagement, impact Community Engagement
GRI403：Occupational Health and Safety
Operations with significant actual and potential negative Community Engagement
impacts on local communities
GRI414：Supplier Social Assessment
Occupational Health and Safety Matters: Worker Participation, 414-2 Negative social impacts of the supply chain and actions taken Sustainable Supply Chain
GRI415：Public Policy
Prevention and Mitigation of Occupational Health and Safety GRI416：Customer Health and Safety
Impacts Directly Related to Business Relations
Incidents of non-compliance with health and safety impacts
Workers Applicable to Occupational Health and Safety 416-2 related to products and services Product Quality Management
Management System
GRI404：Training and Education 417-3 Incidents of non-compliance related to marketing Customer Service
Employee Skill Enhancement Programs and Transition Confirmed complaints related to customer privacy breaches
Assistance Programs and loss of customer data
Message from the About SANY Sustainability Strategies Talent Cultivation for Community
About This Report Sustainability Approach Green Development Excellent Quality Business Integrity Appendix
Chairman Renewable Energy and Goals Business Prosperity Responsibilities
Independent Third-Party Assurance Report
ASSURANCE METHODOLOGY
The assurance comprised a combination of pre-assurance research, interviews with relevant employees on-site
ASSURANCE STATEMENT at Sany Industrial Park, No.8 Beiqing Road, Changping District, Beijing, P.R. China; and online review and
validation of documentation and records with relevant personnel of SANY Renewable Energy's affiliates where
CN25/00002495 relevant.
LIMITATIONS AND MITIGATION
Data drawn directly from independently audited financial accounts and intensity data calculated based on
SGS-CSTC’S REPORT ON SUSTAINABILITY ACTIVITIES IN SANY financial data has not been checked back to source as part of this assurance process.
RENEWABLE ENERGY CO., LTD.’S ENVIRONMENTAL, SOCIAL AND
GOVERNANCE REPORT FOR 2024 The greenhouse gas emission related data in the Report has been directly adopted from the independent third
party verification data and has not been double verified in this audit.
NATURE OF THE ASSURANCE/VERIFICATION
SGS-CSTC STANDARDS TECHNICAL SERVICES CO., LTD. (hereinafter referred to as SGS) was This assurance engagement was restricted to the group level of SANY Renewable Energy and did not include
commissioned by SANY Renewable Energy Co., Ltd. (hereinafter referred to as SANY Renewable Energy) to traceability of original data from all subsidiaries.
conduct an independent assurance of the Chinese version of Environmental, Social And Governance Report
For 2024 (hereinafter referred to as the Report) for the period of January 1, 2024 to December 31, 2024. STATEMENT OF INDEPENDENCE AND COMPETENCE
The SGS Group of companies is the world leader in inspection, testing and certification, operating in multiple
INTENDED USERS OF THIS ASSURANCE STATEMENT countries and providing services. SGS affirm our independence from SANY Renewable Energy, being free from
This Assurance Statement is provided with the intention of informing all SANY Renewable Energy’s bias and conflicts of interest with the organisation, its subsidiaries and stakeholders.
Stakeholders.
The assurance team was assembled based on their knowledge, experience and qualifications for this
RESPONSIBILITIES assignment.
The sustainability information in the Report and its presentation are the responsibility of the ESG governing
body and the management of SANY Renewable Energy. SGS has not been involved in the preparation of any FINDINGS AND CONCLUSIONS
of the material included in the Report.
ASSURANCE/VERIFICATION OPINION
Our responsibility is to express an opinion on the text, data, graphs and statements within the scope of
assurance based upon sufficient and appropriate objective evidence.
On the basis of the methodology described and the assurance engagement performed, the specified
performance information included in the scope of assurance is accurate, reliable, and has been fairly stated.
SGS hereby states that it shall not be held responsible or liable for any direct, indirect, incidental, or
consequential damages or losses arising from or in connection with the use of information provided in this
The Report conforms to the four principles of the AA1000AP v3 to the following extent:
report.
ASSURANCE STANDARDS, TYPE AND LEVEL OF ASSURANCE
ADHERENCE TO AA1000 ACCOUNTABILITY PRINCIPLES (2018)
The assurance of this report has been conducted according to the AA1000 Assurance Standard (AA1000AS
v3) , a standard used globally to provide assurance on sustainability-related information across organizations of INCLUSIVITY
all types, including the evaluation of the nature and extent to which an organization adheres to the The Report has identified the organization’s stakeholders, collected their expectations and concerns,
AccountAbility Principles (AA1000AP,2018). established methods for stakeholder communication and engagement, and undertaken various forms of
dialogue and interaction with them.
Assurance has been conducted at a moderate level of scrutiny, type 2.
MATERIALITY
SCOPE OF ASSURANCE The Report has reasonably disclosed significant issues and indicators that materially affect stakeholder
The scope of the assurance included evaluation of quality, accuracy and reliability of the Report and evaluation evaluations and decisions, reflecting the organization’s most significant impacts on economic, environmental,
of adherence to the following reporting criteria: and social matters based on the concerns raised by relevant stakeholders.
Reporting Criteria Options RESPONSIVENESS
AA1000 Accountability Principles (2018) The Report has demonstrated the established channels for stakeholder interaction and has fully addressed
stakeholder concerns and expectations. Additionally, it has provided transparent responses on material issues
GRI Standards 2021 (With Reference to) to an appropriate extent.
Message from the About SANY Sustainability Strategies Talent Cultivation for Community
About This Report Sustainability Approach Green Development Excellent Quality Business Integrity Appendix
Chairman Renewable Energy and Goals Business Prosperity Responsibilities
IMPACT
The Report has provided an account of the monitoring and measurement of the principal activities’ impacts
concerning environmental, social, and governance (ESG) issues.
CONCLUSIONS BASED ON GRI STANDARDS 2021
The assurance team concludes that the Report has referred to the requirements of GRI Standards 2021.
Signed:
For and on behalf of SGS-CSTC
David Xin
Sr. Director – Business Assurance
Apr. 17th, 2025
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