Meihua's ESG Practices Earn Dual Recognition, Marking New Milestones in Sustainable Development

Recently, Meihua Group has achieved significant milestones in its sustainable development efforts, winning two prestigious honors: Forbes China’s 2024 Top 10 "ESG Inspiring Cases" and an "A-" ESG rating for Q3 2024 from SynTao Green Finance. These achievements fully recognize Meihua Group's outstanding performance in the areas of Environmental, Social, and Governance (ESG), demonstrating the company's firm commitment and substantial results in sustainable development.

In September this year, Forbes China released its list of the 2024 Top 10 "ESG Inspiring Cases," where Meihua Group’s collaborative project with Nankai University on the “Research and Application of Key Technologies for Green and Intelligent Manufacturing of Xanthan Gum and Industrial Upgrading” stood out from nearly 500 cases nationwide and successfully made the list. This project optimizes the production process, significantly reducing resource consumption in xanthan gum production. It has achieved a 33% reduction in alcohol use and a 50% reduction in detergent use. Through technological innovation, the project effectively lowers energy consumption and carbon emissions, promoting the green transformation of manufacturing. This technological advancement has not only brought substantial economic benefits but also deeply integrates ESG principles into the company’s operations, providing important inspiration and reference for ESG practices in the industry. The project was also awarded the Science and Technology Progress Award by the China National Light Industry Council, as detailed in the company's research achievements receiving the First Prize in Science and Technology Progress from the China National Light Industry Council.

In October of the same year, the Q3 2024 ESG rating results from SynTao Green Finance were announced, and Meihua Group received an "A-" rating. As one of China’s leading ESG rating agencies, Shandao Green Finance's ratings are widely recognized in the A-share market. The "A-" rating not only highlights Meihua Group’s substantial achievements in ESG practices but will also enhance the company's visibility in global capital markets, attracting more investor attention.

Looking ahead, Meihua Group will continue to deeply implement its Nourish the Future “GROWTH" strategy, guided by the sustainable development goal of "Advancing synthetic biology technologies to nourish people and the environment, creating a harmonious future." With research and innovation as its core driving force, the company will continue to improve its ESG performance, promote high-quality development, and work with all stakeholders to build a sustainable future.