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Sustainability and ESG
Create Values Through Technology
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2024-06
Longcheer Technology Receives Lenovo's "Outstanding Serviceability Award," Comprehensive Strength Recognized Again
On May 24th, in Shenzhen, at Lenovo Group’s Global Supplier Conference, Longcheer Technology received Lenovo's "Outstanding Serviceability" award once again due to its exceptional service capabilities and continuous support and contributions to Lenovo Group.
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2024-05
Longcheer Technology Receives Lenovo's "Outstanding Serviceability Award," Comprehensive Strength Recognized Again
On May 24th, in Shenzhen, at Lenovo Group’s Global Supplier Conference, Longcheer Technology received Lenovo's "Outstanding Serviceability" award once again due to its exceptional service capabilities and continuous support and contributions to Lenovo Group.
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2024-04
Longcheer Technology Receives Lenovo's "Outstanding Serviceability Award," Comprehensive Strength Recognized Again
On May 24th, in Shenzhen, at Lenovo Group’s Global Supplier Conference, Longcheer Technology received Lenovo's "Outstanding Serviceability" award once again due to its exceptional service capabilities and continuous support and contributions to Lenovo Group.
ESG Strategy and Mechanism
ESG Strategic Models and Sustainable Development Goals
(SDGs)
Upholding the mission of "Create Values Through Technology", Longcheer
adheres to "Long-term Driven" and has established the ESG strategic framework from three
layers:
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Core layer:
Adhering to the "Customer Centric" principle, Longcheer takes innovation as the driving force to provide customers with leading solutions and takes quality as the safeguard to ensure product stability and reliability. Longcheer grows together with customers through quick responses and high-standard audit reviews.
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Intermediate layer:
Governance: Longcheer has established a series of transparent operational processes and decision-making standards through a rigorously defined governance system and business ethics system, ensuring integrity management.
Social: Longcheer builds a globally satisfied team and promotes responsible purchasing management and the fulfillment of the mission of "Create Values Through Technology" as a good corporate citizen, sharing scientific and technological achievements.
Environmental: Longcheer strives to combat climate change and promotes environmental sustainability through green products and green operations to create a beautiful landscape.
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Impact layer:
Longcheer contributes to the development of 13 United Nations SDGs by making efforts in ESG in a systematic, scientific and standardized manner, making its contributions as an enterprise.
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A Protector of Customers' Benefits
As a leading enterprise of smart products in ODM industry, Longcheer always puts customers' interests first. We know deeply that customer trust is our most valuable asset. Therefore, we are committed to exceeding customers' expectations through efforts in innovation, quality, service and other aspects, becoming the most trustworthy partner.
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An Honest and Trustworthy Issuer
Integrity is the key to the robust operation and continued success of an enterprise. Based on a scientific responsibility assignment and decision-making mechanism, corporate governance helps reduce the risks in business operations, enhance investors' confidence in enterprises, attract high-quality investment, protect shareholders' rights and interests, and assist enterprises in focusing on long-term value creation rather than the pursuit of short-term profits.
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A Transmitter of Public Welfare Value
Longcheer, with a deep sense of social responsibility and a strong desire to contribute, is dedicated to pooling forces from all quarters to jointly create a harmonious and inclusive future. We focus on the development and growth of our employees, providing them with ample career opportunities. We progress hand in hand with our partners, striving for win-win outcomes, show fervent concern for society, and contribute wholeheartedly. With an open mindset and actions of friendship, we support the development and prosperity of the larger social family.
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A Practitioner of Green Development
The environmental issue represented by climate changes is the most important social topic at present. Longcheer adheres to its founding mission of "Create Values Through Technology," is dedicated to sustainable development and environmental protection, and is committed to promoting the coordinated development of business management and environmental protection. We collectively strive towards achieving the 1.5°C goal.
ESG Governance Structure
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In 2024, to further standardize and strengthen the ESG governance process and organizational structure, Longcheer upgraded the former ESG Committee to the Strategy and ESG Committee and established a three-dimensional management system consisting of strategy, decision-making and execution levels to achieve regularized ESG management and implementation.
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Strategic Level
The Board of Directors, as the highest decision-making body in Longcheer's ESG governance system, is responsible for making strategic decisions on significant ESG initiatives, coordinating major resource allocation, and ensuring the high-quality achievement of the Company's sustainable development goals.
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Decision-Making Level
The Strategy and ESG Committee is a specialized committee established under the Board of Directors, chaired by the General Manager, responsible for supervising and assessing the implementation of major ESG projects, and reporting to the Board of Directors.
The ESG Executive Committee consists of key functional department heads and manufacturing site managers. On one hand, it is responsible for supervising and guiding ESG initiatives within their respective domains and being accountable for the final outcomes. On the other hand, it supports for company-wide ESG projects and allocates resources to ensure the achievement of goals.
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Executive Level
The ESG Office, serving as a permanent institution of the Company, is responsible for leading and coordinating the progress of ESG initiatives, supervising and guiding department-led ESG projects, and promoting company-wide ESG projects. Under the authorization of the ESG Executive Committee, the ESG Office coordinates internal resources to facilitate project implementation. It regularly reports to the ESG Executive Committee and organizes periodic ESG meetings of the Board of Directors, Strategy and ESG Committee meetings, and ESG Executive Committee meetings to ensure the effective operation of the governance structure.
The ESG Execution Task Force, composed of representatives from various functional systems and manufacturing bases, is responsible for carrying out ESG tasks within their respective domains. For projects requiring cross-departmental collaboration, these will be managed by the Specialized Topics Working Group, which is led by the ESG Office or the relevant leading department for implementation.
Highlights of 2023
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A Protector of Customers' Benefits
Longcheer's R&D investment in 2023 reached RMB 1,687.7615 million accounting for 6.21% of the operating income.
As of December 31, a total of 687 patents were granted worldwide.
The one-time pass rate of external quality system audits reached 100%.
The annual pass rate of social responsibility audits by customers reached 100%.
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A Transmitter of Public Welfare Value
The number of employees worldwide reached 11,506, a 5% YoY increase.
The total training time for the entire staff reached 290,194 hours throughout the year.
The annual violation rate of the CSR red line by suppliers was 0.
Achieve 100% avoidance of conflict minerals use.
The annual donated funds for public welfare programs reached RMB 536,600.
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An Honest and Trustworthy Issuer
The Company's independent directors accounted for 33.33%.
The annual coverage rate of the training on business ethics reached 100%.
The number of major information security breaches of the year was 0.
ISO27001-certified operation areas reached 80%.
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A Practitioner of Green Development
The Company's total GHG emissions (scope 1 and scope 2) were equivalent to 82,192.86 t CO2e.
The Company realized 100% qualification rate of pollutant discharge.
The comprehensive utilization rate of the Company's general industrial solid wastes reached 90%.
The Company conducted 15 special environmental protection training sessions, with a training pass rate of 100%.
Reports and Documents
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Longcheer 2023 ESG Report
This report is the inaugural ESG report published by Shanghai Longcheer Technology Co., Ltd., outlining Longcheer's philosophy, progress, and future plans in the realm of Environmental, Social, and Governance aspects. Longcheer demonstrates its unwavering commitment and relentless efforts to promote the sustainable development of the industry through active practice in the four key roles of "A Protector of Customers' Benefits," "An Honest and Trustworthy Issuer," "A Transmitter of Public Welfare Value," and "A Practitioner of Green Development."
Download
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Longcheer 2023 ESG Report
This report is the inaugural ESG report published by Shanghai Longcheer Technology Co., Ltd., outlining Longcheer's philosophy, progress, and future plans in the realm of Environmental, Social, and Governance aspects. Longcheer demonstrates its unwavering commitment and relentless efforts to promote the sustainable development of the industry through active practice in the four key roles of "A Protector of Customers' Benefits," "An Honest and Trustworthy Issuer," "A Transmitter of Public Welfare Value," and "A Practitioner of Green Development."
Download
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Longcheer 2023 ESG Report
This report is the inaugural ESG report published by Shanghai Longcheer Technology Co., Ltd., outlining Longcheer's philosophy, progress, and future plans in the realm of Environmental, Social, and Governance aspects. Longcheer demonstrates its unwavering commitment and relentless efforts to promote the sustainable development of the industry through active practice in the four key roles of "A Protector of Customers' Benefits," "An Honest and Trustworthy Issuer," "A Transmitter of Public Welfare Value," and "A Practitioner of Green Development."
Download
