WOLONG ELECTRIC's Wind ESG rating upgraded to A, with a comprehensive score of 7.00, leading the electrical equipment industry III rating

According to Tongbi Finance, on May 29, 2026, Wolong Electric Drive Group Co., Ltd. (stock abbreviation: Wolong Electric Drive, code: 600580.SH) was upgraded from BBB to A in the Wind ESG rating. The company's comprehensive score is 7.00, higher than the industry average of 6.04 in the electrical components and equipment sector. It ranks 85th among 297 companies in the electrical components and equipment industry, placing it in the top 28.62% of the industry. The scores for the environmental, social, and governance dimensions are 4.59, 5.96, and 6.69, respectively.

Compared to the previous rating, the comprehensive score increased from 6.94 to 7.00, an improvement of 0.06 points. The contribution from management practices rose from 3.95 to 4.00, an increase of 0.05 points. The contribution from controversy events remained stable at 3.00 compared to the previous period. By dimension, the environmental dimension improved by 0.11 points, the social dimension improved by 0.23 points, while the governance dimension decreased by 0.24 points.

Rating Observation

In the environmental dimension, the company has demonstrated comprehensive management capabilities and practical results in waste management and climate change response. The company has established the "Wolong Electric Drive Solid Waste Management System" and has obtained ISO 14001:2015 environmental management system certification to ensure compliance and standardization in waste management. The goal for 2025 is to achieve 100% compliant and safe disposal of hazardous waste, while incorporating most general solid waste into the recycling system. Currently, the total amount of non-hazardous waste is 26,127.143 tons, and the total amount of hazardous waste is 549.5539 tons. In the field of climate change, the company has set targets for carbon peaking by 2030 and carbon neutrality by 2060, and supports carbon emission management through ISO 14064 certification. As of now, the company's installed photovoltaic capacity has reached 29.67 megawatts, with plans to further expand the use of renewable energy to support low-carbon transformation. Relevant practices in energy management and clean energy substitution also support its low-carbon transition. However, information disclosure in areas such as raw material management and training related to clean production still needs improvement.

In the social dimension, the company has demonstrated strong management capabilities and performance in research and development, innovation, and occupational health and safety production. The company has obtained GB/T 29490-2013 intellectual property management system certification and has been recognized as a "National Intellectual Property Demonstration Enterprise." The R&D management system covers the entire chain of collaboration from cutting-edge technology exploration to industrialization, with R&D investment accounting for 5.79% of revenue, a total of 1,179 effective patents, an effective patent count of 8.26 per 100 million revenue, and a proportion of R&D employees at 13.35%. In terms of occupational health and safety production, the company has obtained ISO 45001:2018 occupational health and safety management system certification and has established a dedicated EHS management organization to achieve zero work-related deaths and zero major safety incidents. In 2025, the company organized 56 emergency drills, achieving a coverage rate of 100%, and enhanced employees' emergency capabilities through multi-level safety training. Nevertheless, there is still room for improvement in the disclosure of long-term management goals and plans in the fields of R&D, innovation, and occupational health In terms of governance, the company demonstrates a certain level of standardization in board independence and ESG governance mechanisms. The proportion of independent directors on the board is 33.33%, the CEO does not concurrently serve as the chairman, and the attendance rate of board members reaches 100%. The group has established a strategic committee as the main responsible body for ESG governance and has formulated the "Working Rules of the Strategic Committee," incorporating key ESG performance indicators into the management compensation assessment system to strengthen the deep integration of ESG concepts and operations. However, the proportion of female directors is only 11.11%, and the proportion of female executives is 16.67%, indicating limited diversity. Additionally, some information regarding ESG governance rules and anti-corruption management systems has not yet been disclosed, showing that there is still room for improvement in transparency and diversity.

Content generated by AI on May 29, 2026, please verify important information