RATING
Positive
SECTOR
Financial Service Activities
Chief Sustainability Officer
T: N/A
E-mail: N/A
Stock Exchange and Ticker
SHA: 600690
Website
Contact
T: 0532-88931670
E.mail: N/A
Listing
- #269 Global 2000 (2022)
Awards
- 2021 Most Valuable Global Brands
- Euromonitor International Ranking – 2021 Haier ranked the first in global appliance sales for 13 consecutive years
- The World’s 50 Most Influential Management Thinkers
- 2021 China’s 50 Most Influential Business Leaders
- 2021 World’s Most Admired Company
- Euromonitor International Global First
- 2021 BrandZTM Top 50 Globalised Chinese Brands
- China Household Electrical Appliance Industry Brand
- Scientific and Technological Advancement Award from the Federation of Light Industry
- Advanced Group of Light Industry for “Thirteenth FiveYear Plan” Science and Technology Innovation
- First Class Achievement Award for Modernization and Innovation of China Light Industry Enterprise Management
- The Second Prize for “Quality and Technology Innovation”
- Germany Red Dot Design Award
- Germany iF Design Award
- The 22nd China Appearance Patent Gold Award
- The Science and Technology Improvement Award (Second Class)
- Golden Wisdom Award of China Cooling & Heating Intelligent Manufacturing Awards for five consecutive years in China
- The Fifth Golden Hong Kong Stock Award
- “Theme Award” from BDO ESG Awards 2021
- 2021 “GOLDEN CHOICE AWARDS”
- MSCI – BB
- CDP – B
- Sustainanalytics – Medium Risk
- Win.d – A
Revenue
Market Capitalisation
Employees
104,874
Content source
HAIER Sustainability Report
Evaluation of HAIER
The business engages in a variety of ground-breaking environmental initiatives, primarily aimed at reducing carbon emissions, as well as pertinent labor, anti-corruption, and human rights policies. Although the report’s objectives and key performance indicators are made clear, annual progress cannot be seen. In other words, the business is transparent with its emissions, energy consumption, etc.
However, the percentage of reductions (or increases) have not been published for years. In addition to achieving very strong message indices, it was able to obtain numerous certificates that make its work much more transparent. In summary, it is possible to state that its goals and progress are consistent with ESG, but the corporation needs to provide more specific data regarding the share of renewable energy, energy consumption, etc to be a fully transparent company and raise above the rating C.
Sustainability Scorecard
HAIER Company Activity
Haier Smart Home Co., Ltd. engages in the manufacture, sale, research and development of household electrical appliances. Its products include refrigerators, freezers, dishwashers, microwaves, wine cellars, beer dispensers, beverages centers, light-emitting diode television, high definition and digital video disc combo, laundry washers and dryers, room air conditioners, portable air conditioners, dehumidifiers, through-the-wall air, heat or cool air conditioners, ductless split air conditioners, package terminal air conditioners and other household appliances. The company was founded on December 26, 1984 and is headquartered in Qingdao, China.
HAIER Sustainability Activity - As per company declarations
Haier Smart Home is committed to the stability and sustainable development of the Company through high standards of corporate governance. We have set up a standardized and orderly corporate governance structure composed of the general meeting of shareholders, the Board of Directors and its special committees, the Board of Supervisors, and the management.
They established a governance mechanism with clear lines of authority and responsibility, mutual coordination and checks and balances, which has guaranteed efficient and compliant corporate governance.
Certificate & Labels, Standards and Frameworks
- ISO 9001
- ISO 14001
- ISO 27001
- QC080000
- Great Place to Work® Certification™
- IoT platform has obtained EAL3+ level encryption certification
- Haier IOT module SDK has passed the ELA4+ certification
Haier Smart Home Product Quality Certification in 2021
- Green Low-carbon Electrical Appliances and Components Certification
- Health and Hygiene Certification for Electrical Consumer Products
- China Energy/Water Saving and Other CQC Certification
- Food Contact Product Safety Certification
- China RoHS Certification
- Smart Home Appliance Interconnection CQC Certification
- Smart Ageing Certification
- Healthy Home “Quick Cooling and Heating” Certification
- Healthy Home Sound Quality+ Certification
- China Compulsory Certification
- UL V-Mark Class I Health Freshness Certification for Refrigerators
- UL V-Mark Home One Right Angle Full Open Certification
- VDE Hygienic 99% Sterilization Certification
- User Experience Ergonomics Certification
- Washing Machine WRAS Water Circuit Certification
- Smart-Home IECQ Certification
- NSF Certification
- Global Reporting Initiaive (GRI)
- Sustainability Accounting Standards Board (SASB)
HAIER in the news: Press Reviews and Social Media
The state of the home appliance market in 2022, according to Yannick Fierling, CEO of Haier Europe. The company’s goal is to become consumers’ top choice for smart homes not just in the local market but also globally. We have sustainability as one of our pillars. For 2030, we have presented a very compelling agenda that emphasizes sustainability and social responsibility.
CEO of Haier Europe: “Our thinking is really about the end consumer, not about territories.” Fierling noted that over the past few years, Haier Europe has experienced growth rates above 20%. He claimed that a successful multi-branch strategy and other factors were to blame for this.
The first business in Pakistan to use R-32 gas to lessen the effects of global warming is Haier. Earth’s average temperature increases as a result of increased greenhouse gas (GHG) emissions in our outer atmosphere brought on by the burning of fossil fuels. The company Haier does its part to lessen its impact on the environment.
China’s Haier Group and DBS Hong Kong have agreed to terms for the first ESG-linked term loan facility, which will be worth about $400 million. During the loan’s term, Haier agrees to lower its energy usage per business unit. The agreement helps China fulfill its commitment to achieve carbon neutrality by 2060.
Highlights from HAIER Sustainability Report
Achievements
Sustainable Products
- 62 Products obtained global product certifications such as energy-saving and environmental protection, green and low-carbon, health and safety
Sustainable Operation
- 100% Coverage of employee on anti-corruption and anti-malpractice alert training
- 4.06% Year-on-year decrease in waste generation of a single product
- 109 Energy saving and emission reduction projects
- 40 Hazardous waste reduction projects
- 17.8MW Accumulated photovoltaic installation capacity
- 0 Environmental accidents
Community Investment
- RMB122 million investment in Hope Project over the years
- 346 Hope schools built by their contribution
- 27 Loving laundries of Hope Project completed
- RMB37.79 million amount of annual charity donation
Weaknesses and Setbacks
- Gender disparity in the rate of employees
Targets vs Progress Reported
| Target | Results reported |
|---|---|
| Reduce greenhouse gas emissions (Scope I and Scope II) per 10,000 yuan of output by 3% in 2022 compared to baseline 2021 | - 34,45285 tons of carbon dioxide equivalent increase in Scope 1 emissions since 2020
- 105,94551 tons of carbon dioxide equivalent increase in Scope 2 emissions since 2020 |
| Reduce energy consumption per 10,000 yuan of output by 3% in 2022 compared to baseline 2021 | - 1103,8657 mWh increase in total energy consumption since 2020 |
| Reduce water consumption per 10,000 yuan of output by 3% in 2022 compared to baseline 2021 | - 544,86314 tons increase in water consumption since 2020 |
| Reduce water consumption per 10,000 yuan of output by 3% in 2022 compared to baseline 2021 | - 544,86314 tons increase in water consumption since 2020 |
| Reduce the amount of non-hazardous waste disposal per unit of product by 3% in 2022 and dispose of all hazardous waste in a 100% compliant manner compared to baseline 2021 | - 51,09094 tons of increase in non-hazardous waste since 2020 - 4.06% Year-on-year decrease in waste generation of a single product |
| Make effort to achieve "zero" safety incident and ensure the health and safety of employees | - The Company constantly improved and updated the safety management system, set up a safety management team to conduct safety information development and emergency management, and carried out all-round safety inspection on a regular basis to identify and eliminate potential safety hazards in time. The occupational health management of employees and third-party companies was strengthened, and employees were organized to learn safety culture knowledge and improve their safety defense capabilities. |
| Increase the percentage of social responsibility audit for supplier to 90% | - 31% of the suppliers audited onsite for social responsibility, accounting for the purchase amount |
| To establish a data privacy protection center; and to set up a vulnerability management platform, a security monitoring and event management platform and an industrial control information security management platform | - The Company established and improved the information security management system, set up the global information security management organizational structure, and held regular security meetings to discuss and review issues such as information security drills, prevention, penetration and building management, regional information security planning and information security reports |
| To pass more privacy protection management certifications such as ISO29151, ISO27017 and ISO27018 | - |
| Empowerment with regard to education development to upgrade the aid model of Hope Project and build 20+ Hope Primary Schools nationwide | - The Company paid attention to the growth and education of the young, built Hope Primary School and Hope Middle School in mountainous areas, continuously provided material support such as books, clothes, computers and pandemic prevention kits, and actively paid visits by accompanying them to play games and learn knowledge, thus contributing to the construction of the Hope Project |
