Weichai Power's Wind ESG rating upgraded to AA, with a comprehensive score of 8.78, leading the Mechanical III industry rating

According to Tongbi Finance, on June 9, 2026, Weichai Power Co., Ltd. (stock abbreviation: Weichai Power, code: 000338.SZ) had its Wind ESG rating upgraded from A to AA. The company's comprehensive score is 8.78, higher than the mechanical III industry average of 5.80. It ranks 1st among 560 companies in the mechanical III industry, placing it in the top 0.18% of the industry. The scores for the environmental, social, and governance dimensions are 7.66, 7.98, and 9.26, respectively. Compared to the previous rating, the comprehensive score increased from 7.95 to 8.78, an improvement of 0.83 points. The contribution from management practices rose from 4.98 to 5.79, an increase of 0.81 points. The contribution from controversy events remained stable at 2.99. By dimension, the environmental score decreased by 0.48 points, the social score increased by 1.11 points, and the governance score increased by 2.56 points. Rating Observation In the environmental dimension, the company demonstrated a comprehensive management system and practical actions, covering environmental management certification, clean energy applications, and energy-saving and emission-reduction projects. The company has obtained ISO 14001 environmental management system certification, with the ESG committee under the board of directors fully responsible for environmental management and has established multiple systems and emergency plans. A distributed photovoltaic power generation system with an installed capacity of 1 megawatt has been built on the roof of the Zhuzhou Gear Factory, generating 3 million kilowatt-hours annually, increasing the proportion of renewable energy use in the factory area to 15%, and reducing carbon emissions by over 2,300 tons annually. Additionally, Weichai Power saves 405 tons of standard coal annually through waste heat recovery projects, reducing carbon emissions by approximately 300 tons while meeting about 44% of the park's process heat demand. The company also organized environmental protection training covering over 80 people, focusing on hazardous waste management, pollutant control, and other areas. However, specific details of energy management goals and plans, as well as certification information in the field of climate change, have not been disclosed, which may affect the comprehensive assessment of its long-term sustainable development capability. In the social dimension, the company has demonstrated strong organizational capabilities and quantitative performance in research and development, innovation, and occupational health and safety production. Based on the ISO 56005 innovation management system, the company became the first enterprise in Shandong Province to obtain this certification and has established ten cutting-edge innovation centers and multiple national-level innovation platforms. R&D investment accounts for 4.13% of revenue, with a total of 14,161 effective patents and a proportion of R&D employees at 19.04%. The company has also set clean technology R&D goals, planning to increase the proportion of clean technology investment to no less than 50% by 2030. In terms of occupational health and safety production, the company achieved zero work-related deaths and zero major accidents, with an ISO 45001 certification coverage rate of 100%. Furthermore, the company has some disclosures in the areas of employment and products and services, but there is still room for improvement in certain performance data and practical details. In the governance dimension, the company exhibits strong structural checks and balances in board independence and ESG governance mechanisms. The proportion of independent directors on the board is 35.7%, with an attendance rate of 100%, and there are no independent directors whose terms exceed 6 years. The company has established a three-tier ESG governance structure, including the board ESG committee, management team, and working group, with the board ESG committee serving as the highest decision-making body Executive compensation is linked to ESG performance, covering aspects such as emissions management and safety production indicators. The proportion of female directors is 7.1%, and the proportion of female executives is 36.4%, indicating that there is still room for improvement in the gender diversity level of the board. In addition, the company's anti-corruption management system has been certified by ISO 37301 and has conducted anti-corruption audits covering all business areas, further strengthening governance compliance. Content generated by AI on June 9, 2026, please verify important information