Yanfeng, a leading global automotive supplier, officially released its 2024 Environmental, Social, and Governance (ESG) Report, showcasing significant progress across its sustainability initiatives. The report highlights the company’s unwavering commitment to responsible operations through measurable achievements in renewable energy adoption, circular economy practices, and social responsibility programs.
Key achievements in 2024 include:
- Renewable Energy: 42% of global energy was sourced from renewables, with solar contributing 4.2%.
- Circular Economy: A 31% increase in recycled plastic resin purchases.
- Industry Recognition: Maintained an A- CDP rating for climate disclosure and earned an EcoVadis Silver Medal.
“Our 2024 ESG accomplishments reflect our team’s dedication to integrating responsible practices throughout our operations,” said Zang Chungao, CEO, Yanfeng. “From renewable energy to sustainable materials, we’re creating long-term value for all stakeholders.”
Yanfeng is on track for its net-zero emissions target (Scope 1 & 2) by 2030, embedding sustainability into product development with recyclable materials and modular designs.
The company also strengthened its commitment to the UN Global Compact and Sustainable Development Goals through ethical operations and record employee volunteer hours.
The full 2024 ESG Report is available [here]. Yanfeng continues to innovate and collaborate, advancing sustainable mobility solutions worldwide.
SOURCE: Yanfeng
