ESG rating has jumped to AA level, Jiangsu Yuyue Medical Equipment & Supply (002223.SZ) responds to green development, demonstrating corporate social responsibility.

date
06/06/2024
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GMT Eight
Recently, in the 2023 ESG rating of financial information service company Wind, Jiangsu Yuyue Medical Equipment & Supply's rating has been upgraded from the previous year's "BBB" to "AA" rating. The Wind report shows that Jiangsu Yuyue Medical Equipment & Supply's scores for environmental, social, and governance aspects are 9.64, 8.09, and 6.67 respectively (out of 10), all exceeding the industry average. The overall ESG score is 8.31, ranking among the top in the overall A-share market and third in the medical equipment and supplies industry. According to the "Wind ESG Rating Methodology," companies that receive an AA rating are defined as "high in corporate management, low in ESG risk, and strong in sustainable development capability." As a leading company in the domestic medical device industry, Jiangsu Yuyue Medical Equipment & Supply has taken "making medical devices affordable for every citizen" as its responsibility and mission from the early stages of development. Through independent research and technological innovation, Jiangsu Yuyue Medical Equipment & Supply has promoted the popularization of household medical equipment products in China with high-quality products and services, gradually becoming a trusted brand among consumers for household medical equipment. In April of this year, Jiangsu Yuyue Medical Equipment & Supply released its first "2023 Sustainable Development Report" to the market, marking the beginning of a new journey towards sustainable development. The report comprehensively and systematically showcases Jiangsu Yuyue Medical Equipment & Supply's practices and development path in the areas of environmental, social, and corporate governance responsibilities during its operation, from dimensions such as "regulatory governance," "innovation leadership," "environmental friendliness," and "people-oriented." Regarding environmental friendliness, Jiangsu Yuyue Medical Equipment & Supply actively responds to the country's requirements for green and low-carbon development, establishing a three-tier EHS management structure with clear responsibilities at each level. Currently, Jiangsu Yuyue Medical Equipment & Supply has obtained ISO 14001 environmental management system certification and "Jiangsu Green Factory" certification, and undergoes an annual supervision audit of the ISO system by a third-party certification body. Furthermore, Jiangsu Yuyue Medical Equipment & Supply integrates green concepts into the industry, incorporating green innovation ideas into product development by actively applying new materials, equipment, processes, and technologies in packaging design, manufacturing, distribution, transportation, and sales to promote miniaturization, lightweight, low energy consumption, and green health design, providing more environmentally friendly and high-quality products. In 2023, the company partnered with SF Express to launch the "turnover box" project, reducing the use of packaging materials for C-end shipments, reducing packaging weight, and enabling reuse of the boxes about 40 times, significantly reducing waste disposal costs and environmental burdens. In terms of social responsibility, with a mission of "helping patients alleviate suffering and assisting doctors in improving medical skills," Jiangsu Yuyue Medical Equipment & Supply continuously explores public welfare development models that align with the current era and social needs. Leveraging its own advantages in medical equipment products and industry experience, the company has played its part in various public welfare projects, with total donations exceeding 40 million RMB by 2023. In recent years, Jiangsu Yuyue Medical Equipment & Supply has assisted in grassroots medical construction in central and western regions, provided oxygen support in the Tibetan plateau region, funded education, and participated in various poverty alleviation and disaster relief projects, earning high recognition from authoritative experts and media. In terms of corporate governance, Jiangsu Yuyue Medical Equipment & Supply's foundation lies in "efficient governance," achieving good results in various aspects of enterprise governance standardization, risk control, investor rights protection, and smart management. To further improve governance efficiency, Jiangsu Yuyue Medical Equipment & Supply has implemented a coordinated management system throughout the entire business chain, creating an intelligent manufacturing system. The system integrates automation, digitization, and intelligent technologies, covering all aspects from demand planning, R&D design, raw material procurement, production execution, warehouse management, logistics, and after-sales service. The Yuyue Intelligent Manufacturing Factory was recognized as a national "Intelligent Manufacturing Pilot Demonstration Factory" in 2021, and is one of the few national-level intelligent manufacturing pilot enterprises in the medical device industry. Looking towards the future, ESG is a necessary path for further innovation for Chinese enterprises. In May of this year, the Ministry of Finance issued the "Guidelines for Enterprise Sustainable Disclosure - Basic Guidelines (draft for comments)," requiring the establishment of a unified national sustainable disclosure system by 2030. Under the guidance of the China Securities Regulatory Commission, the Shanghai, Shenzhen, and China's Northern Stock Exchange published the "Continuous Supervision Guidelines for Listed Companies - Sustainable Development Report," which officially required over 450 listed companies to disclose ESG information. At the same time, a comprehensive sustainable information disclosure system also imposes higher requirements on enterprises. For modern enterprises, following the ESG concept and adhering to the path of sustainable development is in line with the current theme of China's acceleration in building a new development pattern and promoting high-quality development. The upgrade in the Wind ESG rating not only affirms Jiangsu Yuyue Medical Equipment & Supply's ESG performance in various dimensions in 2023, but also fully acknowledges the company's ability to withstand risks and seize opportunities in the medium and long term. Jiangsu YuyueMedical Equipment & Supply also indicates that ESG is not an optional topic, but a necessary question for achieving high quality, global development. In the future, the company will continue to focus on health, adhere to technology, constantly explore new paths and examples for ESG development, promote sustainable development of the company, and strive to contribute substantial strength to the global medical health industry.I will arrive at the hotel in about 15 minutes.

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