[Image: Gree logo] [Chart: ESG report cover graphic] 2025 Gree Electric Appliances, Inc. of Zhuhai Environmental, Social and Governance Report
Contents About This Report 01 Message from the Management 02 About Gree Electric Appliances 03 ESG Management 08 [Chart: Governance and R&D icons] Compliant Governance: Improving Mechanisms to Safeguard Steady Operations Corporate Governance 11 Investor Communication 13 Risk Management 14 Business Ethics 15 Refining R&D and Improving Quality: Innovation-Driven Efforts to Build a Quality Benchmark Strengthening Innovation through Intensive R&D 18 Pursuing Excellence Through Meticulous Quality 30 Craftsmanship-oriented Service Enhancing Reputation 35 Improving Quality and Efficiency Through Full-chain Digital Intelligence 38 Rigorous Data Protection for Enhanced Security 40 Collaborative Empowerment: Partnering for a Shared Platform of Win-Win Success Employee Employment and Rights and Benefits 43 Talent Training and Development 48 Occupational Health and Safety 52 Strengthening Control over Chain Partners 55 Fulfilling Our Mission to Support Society 61 Green Intelligent Manufacturing: Pursuing Low-Carbon Emission Reduction, Fulfilling Ecological Responsibilities Environmental Compliance Management 64 Addressing Climate Change 66 Waste and Emission Treatment 69 Resource and Energy Utilization 70 Exploration of Circular Economy 75 Key Performance Table 77 Benchmark Index Table 80 Reader Feedback Form 82 [Chart: ESG data visualization]
About This Report This report is the third Environmental, Social and Governance (ESG) report released by Gree Electric Appliances, Inc. of Zhuhai. It focuses on the Company's proactive response to the opportunities and challenges of sustainable development, as well as its efforts to create integrated economic, social and environmental value for stakeholders.
Scope of the Report Unless otherwise stated, the organizational scope of this report covers Gree Electric Appliances, Inc. of Zhuhai and its subsidiaries and branches.
Time Period The report covers the period from January 1 to December 31, 2025. To enhance the comparability and completeness of the report, appropriate retrospective or extended disclosure is applied to certain information.
Appellation Notes For the convenience of presentation, "Gree Electric Appliances, Inc. of Zhuhai" is referred to as "Gree Electric Appliances", "GREE", "the Company" or "we" in this report.
Preparation Basis Prepared in accordance with the Standards for Sustainability Reporting (GRI Standards) of the Global Reporting Initiative (GRI), the United Nations Sustainable Development Goals (SDGs), the Self-Regulatory Guidelines No. 17 for Companies Listed on Shenzhen Stock Exchange—Sustainability Report (For Trial Implementation) and the Self-Regulatory Guidance No. 3 for Companies Listed on Shenzhen Stock Exchange—Compilation of Sustainability Report, this report also addresses the key topics covered by MSCI ESG Ratings.
Data Sources The qualitative and quantitative information contained in this report is derived from the public disclosures, internal documents and relevant statistical data of Gree Electric Appliances. The disclosure scope is consistent with the scope of the consolidated financial statements. Any content that differs from this scope will be clearly explained in the report. Unless otherwise specified, all monetary amounts in the report are denominated in Renminbi (RMB).
Access to the Report The electronic version of this report is available on the Company's official website (http://www.gree.com.cn/), the website of the Shenzhen Stock Exchange (http://www.szse.cn/) and CNINFO (www.cninfo.com.cn).