About Us
Zhejiang CHINT Electrics Co., Ltd., commonly known as CHINT Electrics (601877.SH), was founded in August 1997. As one of the core enterprises of the CHINT Group, it is a leading player in China’s low-voltage electrical industry. The company was listed on the Shanghai Stock Exchange on January 21, 2010, making it China’s first A-share listed company focused primarily on low-voltage electrical business. With more than 30 overseas subsidiaries and over 20 overseas manufacturing bases, CHINT Electrics provides professional products and systematic solutions to customers in more than 140 countries and regions worldwide.
In 2025, guided by its core philosophy of “High-Quality, Low-Carbon and Green Development”, CHINT Electrics is fully embracing the global energy transition and moving toward a sustainable future.
Participation in International Organizations & Initiatives
United Nations Global Compact (UNGC)
Member of the United Nations Global Compact (UNGC).
Actively integrate the 10 UNGC Principles and the 17 Sustainable Development Goals (SDGs) into the company’s operations and development.
2. Women’s Empowerment Principles (WEPs)
Signatory company to the United Nations Women’s Empowerment Principles (WEPS).
Commitment: Take proactive action to implement the Principles, working toward gender equality and women’s empowerment in the workplace, marketplace, and community.
3. UNGC “Forward Faster” – Gender Equality Initiative
Joined the UNGC “Forward Faster” – Gender Equality Initiative as one of the first batch of participating companies.
Commitment: Achieve equal pay for work of equal value by 2030; achieve equal representation, participation, and leadership of women at all levels of management by 2030.
Sustainability Awards & Recognition
Sustainability Awards
In 2025, the company received 13 sustainability awards in total.
2. Sustainability Ratings & Assessments
| SBTi (Science Based Targets initiative) – Passed |
| EcoVadis Corporate Social Responsibility Rating – Silver |
| S&P CSA (S&P Global Corporate Sustainability Assessment) – 48 |
| SynTao Green Finance – A- |
| CDP (Carbon Disclosure Project, Climate Change) – B |
| MSCI ESG Rating – BBB |
| WIND ESG Rating – A |
Strategy-Driven Green Blueprint
In January 2025, the Chint Group 2030 Sustainable Development Strategy was released. The strategy defines eight key action goals and pathways: addressing climate change, leveraging clean technology opportunities, advancing the circular economy, sustainable product governance, human capital development, sustainable supply chain management, corporate governance, and business ethics.
As a core industrial pillar of Chint Group, CHINT Electrics is deeply integrated into the Group’s overall 2030 sustainable development blueprint, fully aligning with and advancing the Group’s strategic objectives. The company is building end-to-end service capabilities covering “Green Power, Smart Grid, Load Reduction, and New Energy Storage”.
SBTi Science Based Targets Validation Achieved
• Commitment (base year: 2024, target year: 2034):
- Scope 1 + 2 GHG emissions: 58.80% reduction
- Scope 3 product carbon emission intensity: 63.80% reduction
2. Achieved “Corporate Carbon Neutrality + Zero-Carbon Factory” Certifications
Five major industrial parks have obtained dual certifications for “Corporate Carbon Neutrality + Zero-Carbon Factory”, supported by a comprehensive carbon reduction system featuring “green power supply + waste heat recovery + energy efficiency improvement + process optimization”.
• Energy Structure Adjustment: Renewable energy accounts for 85% of energy use, delivering an annual equivalent CO₂ emission reduction of 28,491 tonnes.
• Process & Equipment Upgrading: Initiatives include retrofitting centrifugal air compressors, introducing variable-frequency air compressor units to match load fluctuations, and upgrading high-energy-consuming motors, pumps, and fans, achieving an annual equivalent CO₂ emission reduction of approximately 1,137 tonnes.
• Operational Process Optimization: Adopting lithium-ion forklifts and upgrading lighting systems to LED lights, delivering an annual equivalent CO₂ emission reduction of 16 tonnes.
3. Nature-Based Solutions
• The New Zealand solar project has created a new overseas model of “photovoltaics + agriculture”. The project delivers over 32 million kWh of clean electricity annually, equivalent to reducing approximately 30,000 tonnes of CO₂ equivalent emissions. • Based on the TNFD (Task Force on Nature-related Financial Disclosures) framework, Biodiversity Impact Assessments (BIA) were conducted at six major manufacturing sites.
- All sites have environmentally sensitive areas or endangered species within a 10-kilometer radius.
- Five sites have at least one nature park nearby, and at least one endangered species has been recorded at all six sites.
- None of the sites are located within ecological protection red lines.
4. Climate-Related Risks and Opportunities
Using a science-based approach, the company has identified climate-related risks and opportunities, established risk policies and response mechanisms, and enhanced its resilience to climate change.
Physical Risk Assessment
A risk assessment of the company’s six major manufacturing parks in China shows that in 2025, physical risks (wildfires, hurricanes, floods) did not have a material adverse impact on the parks’ fixed assets or operations, and no related significant capital expenditures were incurred. The overall risk remains within manageable limits.
Transition Risk Assessment
Scenario analysis was conducted on the company’s potential future carbon abatement costs. The assessment shows that the current financial impact of transition risks does not exceed RMB 500,000; future carbon abatement costs will continue to rise from 2040 onwards as carbon prices increase.
Climate-Related Opportunities
Quantitative analysis based on International Energy Agency (IEA) forecasts and the company’s solar business plan shows that under different climate scenarios, the profitability of the company’s solar power plant operations is expected to grow. The low-carbon transition will provide long-term value enhancement potential for the business.
Governance as the Foundation for Long-Term Value
The company’s Board of Directors has established three specialized committees: the Strategy and Sustainability Committee, the Audit Committee, and the Nomination and Remuneration Committee. These committees support the Board in fulfilling its decision-making and oversight responsibilities in the areas of strategy & sustainability, audit, and nomination & remuneration.
In addition, the company has built a three-tier ESG governance structure covering the governance, management, and execution levels to coordinate the integrated development of environmental protection, social responsibility, and corporate governance.
Corporate Governance
• Established a rigorous, scientific remuneration decision-making process with clear rights and responsibilities. • Adopted the “Director Shareholding Principle” to encourage directors to hold company shares, thereby aligning their interests with those of shareholders. • Implemented the Board Member Diversity Policy, ensuring diversity in the Board’s composition, including gender, professional background, and other dimensions. • The Board consists of 9 directors, including 3 independent directors, representing 33.30% of the total. • In 2025, the Board held 12 meetings, with a 100% attendance rate by all directors.
2. Risk Management
• Established the Three Lines of Defense for risk control: business self-control, professional support, and supervision & audit. • Obtained ISO 37001:2016 Anti-Bribery Management System certification. • Rated A-class taxpayer credit. • Achieved 100% coverage of conflict minerals due diligence (CMRT) for suppliers. • 100% signed the Commitment Not to Use Conflict Minerals. • Completed social responsibility risk assessments for 107 target suppliers, with no high-risk suppliers identified.
3. Business Ethics
• Built a three-tier governance system: Board of Directors – Chief Compliance Officer – Compliance & Legal Department. • Established a compliance hotline and whistleblower protection mechanism. • Anti-corruption training: Total duration of 292 hours, 11 sessions held. • Compliance training: Total duration of 301 hours, 22 sessions held. • Anti-unfair competition incidents: 0 cases. • Business ethics violations: 0 cases.
Green Operations Power a Harmonious World
• Established an environmental compliance governance framework, with the EHS Committee as the highest governing body. • Annual environmental protection investment: Over RMB 2 million/year. • 100% of major production bases certified to ISO 14001:2015 Environmental Management System. • Pollutant discharge compliance rate: 100%. • Particulate matter (PM) emissions reduced by 97.69% compared with 2021 levels. • Waste recycling rate: 88.95%. • Environmental pollution incidents: 0. • Administrative penalties from environmental authorities: 0. • Over 1.8 million household solar power stations built globally. • Benefited nearly 200,000 rural households with increased income.
People-Centered Responsibility for Shared Prosperity
1. Human Capital
• Total employee training hours: 795,000 hours
• Total number of employees: 30,214
• Overall training coverage rate: 75.66%
• Average training hours per employee: 26.31 hours
• Social insurance coverage rate: 100%
• Occupational hazard factor testing compliance rate: 100%
• Investment in occupational disease prevention: RMB 1.8 million
• Work-related fatalities: 0
• Safety investment: RMB 20.54 million
| Skilled Worker Track | Management Track | Professional/Expert Track |
| Senior Technician | President Level | Expert Level |
| Technician | General Manager Level | Senior Expert Level |
| Senior Worker | Manager Level | Senior Level |
| Intermediate Worker | Supervisor Level | Intermediate Level |
| Junior Worker | Team Leader Level | Assistant Level |
All paths start from Entry-Level Employee.
2. Sustainable Supply Chain
• Total number of suppliers: 2,124 • Number of suppliers covered by ESG training: 694 • Number of suppliers with green and low-carbon assessments completed: 109 • Total supplier ESG training hours: 2,064 hours • Percentage of suppliers that signed the Commitment Not to Use Conflict Minerals: 100% • Certified to the ISO 20400 Sustainable Procurement Guidance and ISO 28000 Supply Chain Security Management System
3. Product Innovation
- Product qualification rate: 100%
- Number of products recalled due to safety and health reasons: 0
- Proportion of products recalled for safety and health reasons to total products sold or shipped: 0%
- Share of clean technology R&D investment in total R&D expenditure: 20.59%
- Number of patents granted in the year: 739
- Cumulative number of granted patents: 5,176
4. Digital Empowerment
• Customer satisfaction rate: 86%
• Customer complaint response rate: 100%
• Customer complaint resolution rate: 100%
• Digital transformation projects: 76
• Annual digital transformation budget: RMB 40.52 million
5. Social Welfare
• Total investment in poverty alleviation and rural revitalization projects: RMB 652,800
• Forms of assistance: Community development and education support
CHINT Electrics will continue to drive the energy transition through technological innovation, respond to the call of the times with a strong sense of responsibility, and make energy safer, greener, more economical, and more accessible to all.
Chairman’s Message
2025 marks a pivotal year for CHINT Electrics in its sustainability journey, serving as a bridge between past achievements and future progress. Amid the surging global energy transition and the call of the “Dual Carbon” goals, we uphold our core philosophy of “High-Quality, Low-Carbon and Green Development”, embedding the sustainability ethos deeper into the company’s DNA. This year, we acted as both practitioners of green energy and builders of a smart low-carbon ecosystem. With steadfast strategic resolve and pragmatic innovation, we integrated sustainable development into every business segment.
Strategy-Led Carbon Neutrality Blueprint
Robust governance is the cornerstone of sustainable development. Leveraging the three-tier ESG governance structure directly overseen by the Board of Directors, we continuously optimized our top-level design and deeply integrated ESG objectives into our long-term strategy. This year, we developed a science-based decarbonization pathway, which received validation from the Science Based Targets initiative (SBTi) — a testament to international recognition of our emission reduction plan. We commit to:
- Reducing absolute Scope 1 and 2 GHG emissions by 58.8% by 2034, using 2024 as the base year.
- Cutting Scope 3 product carbon emission intensity by 63.8% by 2034.
At the same time, using the “EMPOWER” model as a framework, we focused on three key areas: green energy, smart electricals, and intelligent low-carbon solutions. We established four strategic pillars and a three-phase implementation roadmap, building end-to-end service capabilities across “green power sources, smart grids, load reduction, and new energy storage”. This drives our transformation from a product manufacturer to an ecosystem partner, delivering full-scenario low-carbon solutions covering “generation, grid, load, and storage” worldwide.
2. Taking Action: Setting the Benchmark for Carbon Neutrality
We are delivering on our climate commitments through concrete action. Aligned with our goal of achieving operational carbon neutrality (including offsets) by 2028, we obtained dual certifications of “Corporate Carbon Neutrality + Zero-Carbon Factory” for five major industrial parks this year. We also pioneered eco-integration models such as “photovoltaics + agriculture/desertification control”, turning the vision of turning deserts green into reality. In the circular economy, we significantly improved resource efficiency through green design and intelligent production line optimization.
As a deep participant in global carbon neutrality efforts, we received a B rating in the CDP Climate Disclosure for the first time, and actively contributed to industry standard-setting, helping to turn green practices into replicable industry benchmarks.
3. Shared Responsibility: Building a Sustainable Ecosystem
A company’s true value lies in creating a sustainable future. Guided by the principles of the United Nations Global Compact (UNGC), we support community development through localized public welfare initiatives and have become a pioneer in the “China-Africa Community Sustainable Development Action Network”.
We believe prosperity grows from coexistence: we provide employees with three career pathways — management, professional, and technical tracks — and strengthen our internal foundation with SA8000 certification. Through sustainable supply chain management, we also empower our suppliers’ green transition. From helping nearly 200,000 rural households increase their income to building over 1.8 million household solar power stations worldwide, CHINT consistently pursues a win-win between business value and social benefit.
4. Governance as the Foundation for Long-Term Value
Excellence in governance is the source of value creation. In 2025, our company’s MSCI ESG rating was upgraded to BBB, reflecting the international capital market’s high recognition of our long-term responsible practices. We continue to improve our risk management and business ethics systems, using transparent, compliant, and efficient governance to support the company’s steady progress in a complex environment and enhance our ability to create sustainable value.
Standing at a new starting point, CHINT Electric will move forward with greater resolve, working hand in hand with global partners to drive the energy transition through technological innovation and respond to the challenges of our times with a strong sense of responsibility. We are committed to making energy safer, greener, more economical, and more accessible to all! Together, we will write a new chapter of harmonious coexistence between humans and nature.
Nan Cunhui Chairman of the Board Zhejiang CHINT Electrics Co., Ltd.
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