The ZTE Company Sustainability Report 2024 outlines ZTE’s profitable ESG initiatives and accomplishments, demonstrating how the enterprise is utilizing digital innovation to advertise world sustainable change.
ZTE is steadfast in its dedication to its position as a “Driver of the Digital Financial system” amidst the quickly rising world digitalization wave. It’s pursuing its sustainability agenda in two methods: by enabling digital and low-carbon transformation throughout industries by means of state-of-the-art applied sciences, and by making notable progress in inexperienced operations guided by science-based carbon targets.
“The brand new wave of AI-driven technological revolution, notably the growth of enormous fashions and generative AI, has propelled the worldwide digital and clever transformation,” the paper quotes Xu Ziyang, Govt Director and CEO of ZTE. As a “Driver of Digital Financial system,” ZTE remained loyal to its preliminary objective and answered the decision of the instances throughout this pivotal yr that was full with possibilities and difficulties.
In line with the report, ZTE is growing its R&D funding and strengthening its underlying capabilities with a view to develop a stronger core competency. R&D prices now make up 19.81% of operational income. ZTE filed 93,000 patent functions worldwide as of December 31, 2024, and extra over 48,000 of these functions have been granted. Particularly, ZTE had submitted over 5,500 patent functions within the chip {industry}, greater than 2,000 of which had been accredited. The company has demonstrated nice creativity and know-how capabilities within the area of synthetic intelligence by submitting over 5,000 patent functions, of which over half have already been accredited.
Selling Eco-Pleasant Strategies to Handle Local weather Points
ZTE’s major focus is technological innovation, and it’s consistently increasing its inexperienced growth plan to sort out local weather change points and encourage the industry-wide, coordinated growth of digital intelligence and sustainability. ZTE’s short-term 1.5°C goal and long-term net-zero targets have been formally accredited by the Science-Primarily based Targets initiative (SBTi) in 2024. ZTE launched the ZTE Internet-Zero Technique White Paper that very same yr.
Inexperienced company operations, inexperienced provide chain, inexperienced digital infrastructure, and inexperienced empowerment are the 4 pillars of the corporate’s ongoing “Inexperienced Digital Path” program. ZTE has demonstrated its management within the world local weather by being included on the esteemed CDP An inventory for main local weather motion for 2 years in a row.
Because of years of constant work, ZTE has achieved the wonderful feat of elevating income whereas decreasing vitality utilization by way of inexperienced company operations. The corporate recorded a 13.4% lower in Scope 1&2 emissions in 2024 in comparison with 2021, and it elevated its vitality effectivity by 20%. Whereas its terminal merchandise had a 5.02% year-over-year lower in absolute emissions over the course of their entire product lifespan, its telecom gadgets noticed an 8.39% discount in bodily emissions depth throughout the utilization and upkeep part. Compared to 2023, ZTE’s Scope 1&2&3 carbon emissions decreased by 14.317 million tons in 2024.
In 2024, ZTE has included dual-carbon plan necessities for inexperienced provide chains, equivalent to efficiency evaluations, on-site audits, and settlement signing, into provider administration IT methods. ZTE carried out onsite CSR audits for 261 manufacturing suppliers this yr, which accounted for 86.9% of the highest 90% of suppliers by procurement worth.
ZTE has greater than 800 inexperienced innovation patents associated to inexperienced digital infrastructure. The enterprise has evaluated the carbon footprint of 154 merchandise throughout all product classes as of 2024. ZTE continues to help worldwide operators in saving greater than 10 billion kWh of electrical energy a yr with its end-to-end inexperienced options.
To be able to obtain a win-win end result of growth and emission discount, ZTE has actively built-in cloud and community infrastructure, IoT, massive knowledge, AI, and different cutting-edge applied sciences with standard sectors within the context of inexperienced {industry} empowerment. In 18 industries, together with metal, metallurgy, electronics manufacturing, ports, rail transit, mining, and energy, the enterprise has teamed with greater than 2,000 prime {industry} gamers to implement 5G-powered inventive inexperienced practices, main greater than 100 novel utility situations.
Sustaining a Individuals-Centered Technique to Promote an Inclusive Tradition
ZTE has superior each know-how management and CSR success in its pursuit of sustainable growth. It helps shut the digital divide and velocity up world digital transformation through the use of its know-how capabilities to supply custom-made digital options to purchasers all through the world. As an example, ZTE and Orange have partnered to determine the “Improve Rural Space” undertaking, which can present communications infrastructure to Liberia’s rural areas and permit over 580,000 people in distant locations to make use of the web. The corporate efficiently addressed the “final mile” drawback in city medical logistics in Anyang, Henan, by supporting the event of a drone-based blood supply system. Throughout Storm Yagi, ZTE made positive that emergency connections with satellite tv for pc terminals in Hainan continued with out interruption.
ZTE maintains an emphasis on individuals. ZTE’s ISO 45001 Occupational Well being and Security Administration Programs certification now encompasses workplaces in 30 nations, and the corporate attained 100% worker coaching protection in 2024.
ZTE performed 310 routine public welfare initiatives in 2024 in a spread of areas, equivalent to catastrophe and medical reduction, schooling help, and rural rejuvenation. The group has frequently delivered heat and created social worth by serving to over a million individuals in want with the mixed efforts of 15,000 worker volunteers.
Rising Company Resilience by means of Strengthening Governance
In line with the paper, ZTE’s EVP and COO, Xie Junshi, says, “ZTE has built-in ESG into each aspect of its operations as a part of its dedication to innovation-driven and sustainable growth. Along with analyzing a route for firm continuity within the new period, we’re making a growth mannequin that fortunately coexists with nature and society by using digital and clever know-how.”
With an emphasis on its imaginative and prescient and the three strategic pillars of inside management, compliance, and expertise, ZTE hopes to reinforce its core competitiveness by incorporating sustainable growth into its company plans. To additional combine the sustainable growth idea into its enterprise plans and operations, ZTE created the Technique and Sustainability Committee and up to date its company governance framework in 2024.
ZTE is particularly targeted on recognizing and addressing new dangers on the subject of company danger prevention and management. The world is altering rapidly as a result of AI know-how, which presents each huge company alternatives and moral points like algorithmic bias and privateness invasion. ZTE’s high-level organizational dedication to moral governance was demonstrated in 2024 when it fashioned the Science and Expertise Ethics Committee to proactively handle these points. To make sure the secure, reliable, and inclusive growth of AI, the group has additionally applied a know-how ethics governance framework to guage and appraise AI-related R&D initiatives on a person foundation.
ZTE has been well known by many worldwide score businesses and authoritative organizations for its glorious sustainability practices. ZTE is a pioneer and key participant within the Partner2Connect (P2C) Digital Coalition, which was began by the Worldwide Telecommunication Union. Additionally it is a member of the UN World Compact and the World Enabling Sustainability Initiative.
ZTE obtained the EcoVadis Gold Medal in 2024 for excellence in sustainability. Moreover, the enterprise obtained the excellence of “Trade Mover” and was chosen for the S&P World’s Sustainability Yearbook 2024 (China Version). Moreover, it received the World Web Convention Distinguished Contribution Award and was included in Forbes’ 2024 China ESG 50 listing. As well as, ZTE obtained the LinkedIn MostIn Awards – World Expertise Magnet Employer, two BDO ESG awards, and extra.
ZTE will hold advancing sustainable growth world wide sooner or later, using technological development and cross-border cooperation to offer initiatives in the direction of the UN Sustainable Growth Targets a digital increase and work towards a extra resilient, inclusive, and greener future.
For extra particulars of ZTE Sustainability Report 2024, please obtain: https://www.zte.com.cn/content material/dam/zte-site/investorrelations/en_announcement/ZTE_Sustainability_Report_2024_EN.pdf
