Recently,TPV Technology won the highest grade "platinum" medal for the firsttime in the latest rating of the international authoritative corporate socialresponsibility evaluation organization EcoVadis, and its comprehensive score ranksamong the top 1% of all evaluated enterprises in the world, becoming the firstlisted group company in Chinese Mainland consumer electronics manufacturingindustry to win this honor, demonstrating that the company's ESG governance hasentered the world's first class.
EcoVadisis one of the most recognized business sustainability ratings in the world. Asa green business card for overseas enterprises and an embodiment of sustainablemarket competitiveness, its assessment results have increasingly become theglobal supply chain access and selection standard. EcoVadis assessment covers185 countries, 250 industries, and involves more than 150,000 enterprises.Based on independent assessment standards, it conducts in-depth assessments ofcorporate activities in four key areas: "environment," "laborand human rights," "business ethics," and "sustainableprocurement." The score shows that TPV Technology is at the industryleading level in the four key areas.
Inrecent years, TPV Technology has continued to build a three-tier governancestructure based on the board of directors, linking ESG performance to executivecompensation performance, while deepening ESG digital empowerment, relying onthe self-developed ESG digital platform to realize the dynamic tracking andclosed-loop improvement of more than 200 ESG data and the online full-processmanagement of more than 400 ESG information disclosure indicators.
In thefield of the environment, TPV has committed to a net-zero target for 2050 andwas officially verified by the Science-Based Targets initiative (SBTi) in April2025. In 2024, the company's scope 1 and 2 carbon emissions decreased by 55%compared to the 2020 baseline, and the carbon emissions from the use ofproducts sold in scope 3 decreased by 48% compared to the 2020 baseline; theproportion of renewable energy use reached a new high, increasing by 7.75%compared to the previous year; three of the company's six manufacturing basesin China have been awarded the title of "National Green Factory"; andfour of the company's manufacturing bases around the world have obtained the UL2799 waste zero landfill platinum/gold certification.
In thedimension of society and governance, the satisfaction rate of after-salesservice in China reached 99.2%; the overall satisfaction rate of employeesreached 83%, and the proportion of female management increased to 30%. Thecompany actively plays the leading role of chain main enterprises, promotes 201suppliers to participate in the ESG questionnaire survey of suppliers, andincludes core suppliers in the carbon inventory and capacity enhancement plan,in order to jointly build a more resilient value chain.
To date,TPV Technology has been selected for the "Central Enterprise ESG Pioneer100 Index" for four consecutive years; it has received CDP Climate ChangeA-level and Water Security A-level; and it has been selected for the S&PGlobal CSA "Sustainability Yearbook (China Edition) 2025" "BestProgress Companies in the Industry"; and has been selected for the"Fortune China ESG Impact List" for two consecutive years, amongother authoritative recognitions. Looking to the future, TPV Technology willalways adhere to the ESG vision of "Enabling a Better Future withDisplays", continue to promote the closed-loop management of ESGperformance, adhere to high-standard information disclosure and transparentopen dialogue, respond to investors, customers, employees and all sectors ofsociety with higher expectations, and contribute "China DisplayPower" to global sustainable development.
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