Zangge Mining Wins 2024 Five-Star Gold Award for Corporate Social Responsibility among Chinese Listed Manufacturing Companies

Source: AI International Business Review, September 25

The content of this article does not constitute any investment advice. All information disclosure is subject to company announcements. Investors acting based on this information do so at their own risk.

Zangge Mining Chairman Xiao Ning stated in his speech in the Report: “Stay true to the company’s original mission, maintain strategic determination, and do simple and correct things.” 2023 was a year full of challenges in global markets and volatile capital markets, and also a year in which Zangge employees confronted difficulties head-on. In this ever-changing era, Zangge adhered to its original mission, adapted to circumstances, achieved resilient growth in its core business of producing high-quality potassium and lithium products, and actively embraced the national governance concept of a “community with a shared future,” opening a new chapter for the company’s sustainable development.

Recently, at the “2024 Global Procurement and Enterprises Going Global Forum” held in Beijing by the China UN Procurement Promotion Association, the Times Responsibility 40 Forum Think Tank officially released the 2024 Research Report and Rankings of Corporate Social Responsibility among Chinese Listed Manufacturing Companies. After rigorous evaluation and data analysis, Zangge Mining was awarded the “2024 Five-Star Gold Award for Corporate Social Responsibility among Chinese Listed Manufacturing Companies.”

Other companies receiving the same “2024 Five-Star Gold Award” include Baosteel, China Shipbuilding Industry Corporation, China Heavy Industries, CITIC Special Steel, China Resources Microelectronics, Fuyao Glass, and CATL — exemplary manufacturing listed companies actively fulfilling social responsibilities and promoting virtuous cycles across economic, social, and environmental domains.

Zangge Mining Receives the “2024 Five-Star Gold Award for Corporate Social Responsibility among Chinese Listed Manufacturing Companies” Certificate

Zangge Mining’s receipt of this prestigious award is a high recognition of the company’s commitment to developing new-quality productivity and actively fulfilling its social responsibilities. It also highlights how Chinese manufacturing enterprises are proactively aligning with the United Nations Sustainable Development Goals, promoting sustainable development in a more responsible and forward-looking manner.

Expert Commentary

Song Jia, Secretary-General of the Times Responsibility 40 Forum Organizing Committee and ESG/social responsibility expert, stated in the report: Zangge Mining: Leading Sustainable Development and Writing a New Chapter in Green Mining — In 2023, Zangge Mining demonstrated outstanding achievements in Environment, Social, and Corporate Governance (ESG), actively practicing green mining principles and promoting the company’s sustainable development, setting an industry benchmark.

Zangge Mining 2023 Annual ESG Report Directory

Executive Address

Chairman Xiao Ning emphasized in his speech: In business operations, Zangge is a firm advocate of industry value.

We balance value creation and value realization. Over the past year, guided by an “investor-oriented” philosophy, we strengthened our internal governance system and operational mechanisms, revising and adding 46 internal control systems, including the Environment, Social and Governance Management System and the Information Disclosure Management System, promoting systematization and standardization of operations. We consistently disclose operational and financial performance information to investors openly and transparently, striving to create greater returns for shareholders.

At the corporate governance level, the board of directors is clearly the ultimate responsible body for the company’s sustainable development. We firmly embed ESG principles in strategic planning, investment decisions, and operational practices. At the production and operations level, we adhere to integrity and innovation, pursue steady progress, maintain a “potassium-lithium-based” development strategy, actively expand sustainable development of potassium and lithium resources in Laos, Tibet, and other regions, research innovative processes and energy-saving technologies, and optimize production efficiency to provide strong support for the country’s key mineral resource development strategy.

Environmental Protection, Zangge is a responsible long-termist.

As a resource-extraction enterprise, we understand that ecosystem stability and environmental health are closely linked to corporate survival and growth. The company adheres to the principle of green development. Over the past year, we have earnestly promoted green mine construction, scientifically and orderly developing mineral resources while maximizing mitigation and remediation of environmental impacts to ensure efficient and sustainable resource use.

To embed ESG principles as corporate fundamentals and internalize them at all levels, we strengthened internal management by establishing ESG and Sustainable Development management and execution teams, formulating multiple environmental policies including the Environmental Protection Policy and Biodiversity Protection Policy, building industry-specific ESG management indicators, and undertaking climate actions such as becoming a TCFD supporter — all to advance green, low-carbon development and drive sustainable development.

Community Empowerment, Zangge is an upward-looking and benevolent value creator.

We pursue “serving and giving back to society,” creating an equitable, diverse, and mutually beneficial value-sharing environment. For employees, we respect each individual’s uniqueness, stimulate talent through innovative mechanisms, and strengthen cohesion and belonging through competitive compensation, benefits, and diverse democratic communication platforms. For society, we actively fulfill corporate responsibilities. In 2023, we invested over 10 million RMB in rural revitalization, education equity, public health, and emergency relief, encouraging employees to participate in social welfare activities, demonstrating Zangge’s commitment.

Forging Ahead, Staying True to Our Mission

Looking ahead, Zangge will act with greater responsibility, continuing to “seek progress while maintaining stability” and “promote stability through progress,” using ESG as a driver for long-term sustainability. We will persistently explore and practice in the areas of environment, society, and corporate governance, build resilience for sustainable development, empower industry and society, and create long-term value for stakeholders.

Highlights of Zangge Mining’s CSR and ESG Governance

Zangge demonstrates a strong sense of responsibility in resource development and protection. Fully aware of mining’s environmental impact, the company consistently prioritizes green mine construction. As a green mine pilot, Zangge implements ecological protection throughout the production lifecycle, using scientific site selection, strict environmental impact assessments, and continuous risk inspection and remediation to minimize effects on geology and ecosystems. In operations at areas such as the Qarhan Salt Lake, the company ensures rational resource extraction while strengthening environmental restoration, achieving coordinated development between mining and ecological protection.

In addressing climate change and energy conservation, Zangge spares no effort. The company complies with national regulations, optimizes energy structure, and improves resource efficiency through equipment upgrades and clean energy adoption. For instance, long-running energy-consuming equipment is replaced with high-efficiency devices, reducing energy consumption and greenhouse gas emissions. The company also promotes rooftop photovoltaic projects and green power applications, laying a solid foundation for low-carbon transformation.

In social responsibility, Zangge adheres to “serve and give back to society,” investing heavily in public welfare projects such as rural revitalization, education equity, and public health, while encouraging employee participation. For example, after the Jiashi County earthquake in Gansu’s Linxia Prefecture, Zangge promptly donated funds and supplies to support disaster relief and reconstruction, demonstrating corporate responsibility.

In employee care and talent development, Zangge provides broad career development opportunities through training systems and career pathways. Competitive benefits, diverse communication platforms, cultural and sports activities strengthen employee cohesion and belonging. Mentorship programs, skills training, and competitions help new employees grow quickly, cultivating high-quality professionals for the company.

In business ethics and transparency, Zangge sets an industry benchmark. A complete code of business ethics, anti-fraud policies, and reporting mechanisms ensure compliant and transparent operations. Active participation in industry associations and standards-setting enhances influence and promotes sustainability across the supply chain.

Looking Ahead, Zangge will continue leading with sustainable development, deepen green mining, strengthen resource development and protection, optimize energy structure, reduce carbon intensity, and enhance social responsibility and employee care, fostering harmony between the company, society, and the environment. Zangge will continue writing a new chapter in green mining and contribute to global sustainable development goals.

Overall Situation and Complete Rankings

The 2024 Five-Star Gold Award for Corporate Social Responsibility among Chinese Listed Manufacturing Companies is an annual CSR and ESG award in the manufacturing sector, independently evaluated and published by the Times Responsibility 40 Forum Think Tank. The ranking relies on public data and third-party review mechanisms to ensure objectivity, fairness, and authority.