News

Linglong's MSCI ESG Rating Upgraded to BB Level
Author : Date : 28.10/2024 Print Font size:T|T

Recently, MSCI (Morgan Stanley Capital International), an internationally authoritative index institution, rating of Linglong Tire, elevating it from B to BB, ranking among the top in the Chinese tire industry. According to MSCI's ESG rating report, Linglong has shown significant improvements in material issues such as clean technology and corporate governance.

MSCI's ESG rating system is a widely recognized tool for assessing environmental, social, and governance performance, helping investors understand and evaluate companies' ESG performance. The system analyzes how companies address ESG risks and opportunities related to financial performance, assessing their financial risk management capabilities in key ESG issues. Through rigorous steps including indicator selection, weight allocation, data collection, and scoring, MSCI determines a company's ESG rating.

In terms of corporate governance, adhering to the sustainable development philosophy of "Harmonious Linglong, Intelligent Linglong, Green Linglong," Linglong has established a Sustainability Committee at the board level, serving as the highest authority for managing and disclosing ESG matters, leading and supervising overall ESG goals, strategies, risks, and policies. In 2023, to better construct a sustainable management system and advance sustainability strategies, Linglong established a two-tier ESG governance system, fully promoting the implementation of sustainability strategies and integrating ESG governance into various aspects of daily operations, including economic, environmental, and social responsibilities. Through the comprehensive advancement of five major sectors—new materials, new equipment, new energy, new technology, and new processes—Linglong has built a competitive ESG system in the tire industry, becoming a model for green development.

In terms of new materials, Linglong has developed China's first dandelion rubber ton-scale pilot line and a hundred-ton extraction demonstration line, creating China's first dandelion rubber concept tire. It has introduced a 79% sustainable environmental concept tire, leading the industry in green product development. In terms of new energy, within its "7+5" global strategy, Linglong has built "green, clean, civilized, and lean" factories, enhancing its competitiveness and sustainable development capabilities. It actively promotes the use of green energy in production bases, with a continuous increase in the proportion of photovoltaic power generation. In terms of new technology, Linglong has strengthened the development of ultra-low rolling resistance products, adopted new energy-saving and emission-reducing equipment, and achieved intelligent three-dimensional warehousing and logistics transportation systems throughout the process. It is also committed to tire retreading and recycling, promoting low-carbon and environmentally friendly treatment of waste tires, contributing to global sustainable development.

Linglong Tire has achieved multiple honors in the ESG field. The company became the first Chinese tire enterprise to join the "Global Platform for Sustainable Natural Rubber (GPSNR)" and obtained certification from the Responsible Sourcing Chain Initiative Association (RSCI). Additionally, Linglong Tire has won awards such as the ESG Pioneer Enterprise Award and the Outstanding Responsibility Enterprise Award, fully demonstrating its leading position and outstanding contributions in the ESG field. 

In the future, Linglong will continue to enhance its ESG management level, actively take on responsibilities for the environment, society, and corporate governance, promote the tire industry's transformation towards green, low-carbon, and circular directions, and set a new benchmark for the sustainable development of the entire tire industry.