Seres: A Pioneer in ESG Practices, Driving Sustainable Development of China's New Energy Vehicle Industry

Tech 2024-12-17 16:20:26 Source: Network

Seres: A Pioneer in ESG Practices, Driving Sustainable Development of China's New Energy Vehicle IndustryAs the global automotive industry accelerates its transformation towards electrification, intelligence, connectivity, and decarbonization, ESG (Environmental, Social, and Governance) standards are increasingly becoming crucial indicators of automakers' sustainable development capabilities and social responsibility. Seres, representing a new type of productive force, actively responds to the national strategy of "carbon peaking and carbon neutrality

As the global automotive industry accelerates its transformation towards electrification, intelligence, connectivity, and decarbonization, ESG (Environmental, Social, and Governance) standards are increasingly becoming crucial indicators of automakers' sustainable development capabilities and social responsibility. Seres, representing a new type of productive force, actively responds to the national strategy of "carbon peaking and carbon neutrality." Guided by the new development philosophy of innovation, coordination, green development, openness, and sharing, Seres continuously explores new pathways for creating ESG value in technological innovation, green low-carbon development, corporate governance, and social responsibility. This drives high-quality green and low-carbon development, establishing a benchmark case for ESG practices in the new energy vehicle sector.

Seres deeply integrates its ESG strategy into the core of its business development, committed to creating a better travel experience for its users. Its core initiatives are reflected in the following aspects:

Seres: A Pioneer in ESG Practices, Driving Sustainable Development of China

I. Green and Low-Carbon Production: Building Zero-Carbon Smart Factories

Seres' smart factories are based on the national-level "green factory" standard, actively exploring and practicing green and low-carbon manufacturing. The factory's rooftop photovoltaic power station has a total installed capacity exceeding 100 megawatts, generating over 80 million kilowatt-hours of electricity annually. This reduces carbon dioxide emissions by approximately 70,000 tons per year, setting a new zero-carbon demonstration example for "photovoltaic + vehicle manufacturing." Currently, a second-phase photovoltaic project is under construction, which will increase the total installed capacity to 200 megawatts upon completion. This is projected to generate over 170 million kilowatt-hours annually, reducing carbon dioxide emissions by 140,000 tons equivalent to planting over 10 million trees.

Seres: A Pioneer in ESG Practices, Driving Sustainable Development of China

The Seres Super Factory, officially put into production in early 2024, serves as a global benchmark smart factory within the "automotive industry brain" ecosystem. It incorporates environmentally friendly concepts into every aspect of factory construction and operation. The factory proactively uses environmentally friendly technologies, achieving 100% compliance with exhaust emission standards and proper waste treatment. Energy recycling maximizes energy efficiency, while the wastewater treatment plant boasts a water reuse volume of 200,000 tons per year.

Furthermore, the Seres Super Factory is the industry pioneer in planning and implementing a zero-carbon smart logistics port project. By introducing driverless electric heavy-duty trucks to replace traditional fuel-powered trucks, it has achieved zero-carbon emissions in logistics delivery, setting a new benchmark for low-carbon logistics management in the automotive manufacturing industry.

Seres: A Pioneer in ESG Practices, Driving Sustainable Development of China

II. Green Supply Chain: Building a "1+1+N" Cooperation Ecosystem

In the field of intelligent and connected new energy vehicles, Seres has built a "1+1+N" cooperation ecosystem centered around its cross-border cooperation with Huawei and encompassing numerous leading supply chain enterprises. This highly integrated supply chain model not only achieves localized aggregation of components but also facilitates strict control of environmental standards in raw material procurement and component production, promoting green upgrades across the entire industry chain. Simultaneously, this collaborative development model significantly improves supply chain stability and efficiency, reduces production costs, and provides valuable experience and reference for the entire automotive industry.

Seres: A Pioneer in ESG Practices, Driving Sustainable Development of China

III. Social Responsibility: Practicing a "People-Oriented" Philosophy

Seres adheres to a "people-oriented" philosophy and actively fulfills its corporate social responsibilities. The company actively participates in public welfare and charitable undertakings, contributing to society through various forms of public welfare activities, including rural revitalization, targeted poverty alleviation, disaster relief donations, and education, thus fulfilling its corporate citizenship responsibilities.

IV. Significant ESG Achievements: Winning Numerous Industry Awards

Seres' outstanding performance in the ESG field has gained widespread recognition. In 2024, Seres received numerous awards, including the 2024 Wind China Listed Company ESG Best Practice Top 100 (AA rating), the 2024 Listed Company Sustainable Development Excellent Practice Case, Cailian Press' "ESG Pioneer Award," and the China Securities Journal's "Guoxin Cup ESG Golden Bull Award Top 100." Moreover, Seres actively participated in international exchanges and cooperation, representing Chinese excellent enterprises at the 29th United Nations Climate Change Conference (COP29) China Pavilion thematic side event. It introduced its innovative practices and fruitful achievements in the field of green and low-carbon development to global government and enterprise representatives, receiving high praise. These honors fully affirm Seres' efforts and achievements in ESG practices and demonstrate its leading position in the industry.

V. Continuous Innovation: Leading the Industry Towards Sustainable Development

As a technology-based company with new energy vehicles as its core business, Seres focuses on the entire life cycle of user vehicles, committed to providing users with high-end intelligent new energy products, high-quality services, and solid safety guarantees. Upholding a philosophy of "wholeheartedly serving users," Seres drives its development through innovation, continuously increasing R&D investment, and continually optimizing technological solutions. This provides valuable experience and demonstration for the transformation and upgrading of China's automotive industry in global competition, showcasing its responsibility and vision as an industry leader in the new era.

Seres, with its outstanding ESG practices, sets a benchmark for the sustainable development of China's new energy vehicle industry. Its exploration of green and low-carbon production, its construction of a green supply chain, and its commitment to social responsibility provide valuable insights and inspiration for the entire industry. In the future, Seres will continue to uphold its ESG principles, pursue continuous innovation, contribute to the high-quality development of China's automotive industry, and showcase the responsibility and commitment of Chinese enterprises on the international stage. Seres' success story also provides directional guidance for other companies in their ESG development, driving the entire industry toward a more sustainable and responsible future. Its continuous investment and innovative measures in ESG have not only enhanced the company's competitiveness but also made positive contributions to building a better social environment. Seres' story interprets the harmonious unity of enterprise development and social responsibility, providing a new model for sustainable enterprise development. Through continuous efforts and innovation, Seres will continue to make greater breakthroughs in the field of green and low-carbon development, contributing to the vigorous development of China's new energy vehicle industry and making its due contribution to global sustainable development. Seres' development journey also provides valuable experience for other enterprises, encouraging more enterprises to actively participate in ESG construction and jointly create a better future.

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