SHANGHAI, July 9, 2024
/PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New
Energy," the "Company" or "we"), a leading manufacturer of
high-purity polysilicon for the global solar PV industry, today
published its 2023 Environmental, Social and Governance ("ESG")
report.
The 2023 ESG report details key accomplishments resulting
from the Company's efforts with respect to corporate governance,
innovation and R&D, employee rights protection, environmental
sustainability and emission control, as well as social
responsibility. "Through continuous investment in R&D and
technological innovation, Daqo New Energy Corp. is dedicated to
building a better and safer world for generations to come.
Simultaneously, we foster a corporate culture that revolves around
people, compliance, and unwavering integrity," said Mr.
Xiang Xu, Chairman and Chief
Executive Officer of the Company. "We are dedicated to driving
the innovative advancement of green and clean energy and will
strive to achieve our sustainable development goals."
Daqo New Energy's annual ESG report highlights its strategic
focus on green and sustainable development through four key
pillars:
- Compliance operations and integrity assurance: We
continuously strengthen corporate governance, optimize risk
management, and enhance overall guidance
capabilities. We prioritize compliance management, uphold
the highest standards of business ethics, and reinforce compliance
responsibilities for all employees. In 2023, each staff
participated in anti-fraud training of 70 hours on
average. We completed five major process audits and eight other
process audits in the year, resulting in a remarkable 100%
efficiency in risk rectification.
- Technological innovation and quality guidance: We
believe that technological innovation is the key driving force
behind the Company's development, so we are committed to
integrating technology with industry trends, focusing on core
technology R&D, and continuously strengthening our
technological advantages. By the end of 2023, we had accumulated
322 granted patents, and increased the number of our patent
applications by 107% year-over-year.
- Embracing a people-oriented approach and giving back to
society: We fully embrace our "people-oriented" philosophy
that emphasizes the critical role of talent in driving corporate
development. In 2023, our commitment to employee growth resulted in
an average of 132 training hours per employee. By fostering
collaboration among employees and partnering with outside
stakeholders, we worked to build mutually beneficial cooperation
throughout the industrial chain and also fulfill our corporate
responsibilities to give back to society. During the reporting
period, we contributed RMB2.251
million to community engagement in healthcare, education and
poverty alleviation.
- Green ecology and low-carbon operations: With the
ultimate goal of building a green and sustainable industrial chain,
we fully and actively embrace the principles of green development,
with a focus on improving our environmental value. We constantly
advance our green manufacturing system, with a particular focus on
optimizing key energy-usage processes and equipment to ensure the
ongoing effectiveness of our energy-saving initiatives. During
2023, our water consumption intensity decreased by 11.53%, the
amount of our recycled water consumption increased by 41.49%, and
our comprehensive energy consumption density decreased by 0.23%,
compared to 2022.
To view the report in full, please visit the Company's investor
relations website at: https://www.dqsolar.com/ESG
About Daqo New Energy Corp.
Daqo New Energy Corp. (NYSE: DQ) ("Daqo" or the "Company") is a
leading manufacturer of high-purity polysilicon for the global
solar PV industry. Founded in 2007, the Company manufactures and
sells high-purity polysilicon to photovoltaic product manufactures,
who further process the polysilicon into ingots, wafers, cells and
modules for solar power solutions. The Company has a total
polysilicon nameplate capacity of 205,000 metric tons and is one of
the world's lowest cost producers of high-purity polysilicon.
For more information, please visit http://www.dqsolar.com/.
View original
content:https://www.prnewswire.com/news-releases/daqo-new-energy-issues-its-2023-environmental-social-and-governance-esg-report-302191697.html
SOURCE Daqo New Energy Corp.