HANGZHOU, China, May 23, 2024 /PRNewswire/ — Hikvision has released its 2023 Environmental, Social and Governance (ESG) report, highlighting its ESG practices and performance for the sixth consecutive year. The report provides a comprehensive look at Hikvision's sustainability focus and ESG priorities and actions, reaffirming the company's commitment to fulfilling corporate social responsibility through innovative and sustainable technology.
Hikvision releases 6th ESG report, highlighting commitment to “Tech for Good”
“Practicing the spirit of 'Tech for Good', adhering to 'pragmatism' and exploring 'green' transformation, Hikvision is leveraging our products to deliver value for sustainable development. With the momentum of digital transformation and technological progress, we are confident that we can achieve stable and sustainable growth,” said Huang Fanghong, the company's chief compliance officer and senior vice president.
Driven by the belief that technology plays a pivotal role in promoting overall well-being, Hikvision has developed an ESG management framework with “Tech for Good” at its core. With this mission in mind, 2023 was marked by the company's continued commitment to sustainability-driven innovation that benefits society at large. Leveraging cutting-edge technology, Hikvision worked to protect historical sites, prevent water and air pollution, and improve manufacturing efficiency and productivity. Additionally, the company is providing more educational resources to children in remote areas, ensuring bountiful apple harvests, contributing to protecting wildlife, and doing its part to advance the aspiration of building a better world.
Apart from contributing to society with innovative technology, Hikvision values integrity and compliance, low-carbon development, and harmonious relationships with employees, partners and communities, and incorporates these principles into ESG management. It is integrated into the framework.
Highlights from Hikvision 2023 ESG Report
Highlights of ESG performance during the reporting period include:
The company has announced the Hikvision Global Human Rights Policy, which embeds respect for human rights into the company's governance and operations.
Hikvision has developed and introduced a “Greenhouse Gas Emissions Management Procedure” with the aim of reducing greenhouse gas (GHG) emissions and promoting low-carbon business.
Hikvision has further integrated eco-friendly principles into the processes of product R&D, design, packaging and use. By obtaining Carbon Footprint Verification for representative products, the company evaluates the GHG emissions throughout the entire life cycle of its products and strives for continuous improvement.
Hikvision has promoted energy conservation and actively promoted the procurement of green electricity. In 2023, approximately 12,533.7 MWh of electricity was generated by solar power generation systems installed at the company's manufacturing facilities.
Hikvision continues to promote sustainable development through innovation, winning 1,884 invention patents in 2023. The company's research and development investment reached RMB 11.39 billion, up 16.08% year-on-year.
Hikvision adheres to responsible sourcing and has continuously strengthened its supplier management: 100% of our new suppliers are screened using environmental and social criteria.
Hikvision provided an array of training to support employees’ personal and professional development, with the total training hours reaching 1,534,482 hours.
Hikvision employees actively participate in volunteer activities, totaling over 20,000 hours of service.
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The full ESG report can be viewed and downloaded here.
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SOURCE Hikvision Digital Technology
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