According to Tongbi Finance, on June 9, 2026, Zhuhai CosMX Battery Co., Ltd. (stock abbreviation: Zhuhai CosMX, code: 688772.SH) received a latest Wind ESG rating of BBB. The company's overall score is 6.98, higher than the industry average of 5.76 for electronic devices, instruments, and components. It ranks 95th among 505 companies in the electronic devices, instruments, and components industry, placing it in the top 18.81% of the industry. The scores for environmental, social, and governance dimensions are 4.60, 5.75, and 6.76, respectively.

Compared to the previous rating, the overall score decreased from 7.20 to 6.98, a drop of 0.22 points. The contribution from management practices fell from 4.21 to 4.00, a decrease of 0.21 points. The contribution from controversy events remained stable at 2.98. In terms of dimensions, the environmental dimension decreased by 0.69 points, the social dimension decreased by 0.41 points, while the governance dimension increased by 0.27 points.

Rating Observation

In the environmental dimension, the company has demonstrated a comprehensive management system and practical actions, particularly achieving significant progress in waste management and climate change response. The company has established the "Environmental Management System" and "Hazardous Waste Management System," and has obtained platinum-level UL2799 certification and ISO 14001 environmental management system certification, covering six main battery manufacturing companies. During the reporting period, the total amount of non-hazardous waste generated by the company was 18,789.4 tons, and the total amount of hazardous waste was 435.1463 tons, achieving waste management goals through zero landfill targets and compliant disposal measures. In the field of climate change, the company received certification for its long-term carbon reduction targets from the Science Based Targets initiative (SBTi) in February 2024, setting a goal of reducing absolute emissions by 45% for Scope 1 and 2, and by 25% for Scope 3 categories 1 and 11 by 2030. Additionally, the company's own photovoltaic power generation system contributed 6,693 MWh and reduced carbon dioxide emissions by approximately 1,748.8 tons through measures such as efficient cooling rooms and intelligent control systems. In terms of wastewater management, the company achieved compliant discharge through its self-built sewage treatment plant and three-level sedimentation tanks, but the disclosure of key performance indicators such as waste recycling rates and pollutant emission intensity still needs improvement.

In the social dimension, the company has particularly outstanding performance in research and development, innovation, and occupational health and safety production, demonstrating strong organizational capabilities and quantifiable performance characteristics. The company's R&D investment accounts for 12.89% of its operating income, with a total of 2,414 effective patents and a R&D employee ratio of 19.4%, indicating a high level of technical R&D capability and innovation investment. In terms of occupational health and safety production, the company has obtained ISO 45001 occupational health and safety management system certification, established a safety management committee, and developed a comprehensive management system covering occupational safety, emergency response, and equipment safety. During the reporting period, the company achieved a 0% incidence rate of occupational diseases and 0 major safety incidents, with 100% coverage for occupational health check-ups and safety training In addition, the company conducts comprehensive hazard inspections every quarter, achieving a hazard rectification rate of 99.7%, and has organized 64 emergency drills to strengthen employees' emergency response capabilities and safety awareness. However, there is still room for improvement in the disclosure of performance indicators such as employee turnover rates in the employment sector and support for difficult employees.

In terms of governance, the company demonstrates a relatively standardized management structure regarding the independence of the board of directors and ESG governance mechanisms. The proportion of independent directors on the board is 33.33%, with 0% of independent directors serving terms exceeding 6 years and 9 years, and no independent directors holding positions in more than 3 or 6 listed companies. The board attendance rate is 100%. The company has established a three-tier ESG governance structure, with the board of directors as the highest decision-making body, the general manager serving as the group ESG leader, and the general managers of subsidiaries responsible for goal decomposition and execution. Additionally, the company has conducted 4 sessions of ESG training and incorporated assessment results into the promotion evaluation system for senior management, enhancing the ESG professional capabilities of the management team. The company's ESG report has been verified by an independent third party and meets the AA1000AS v3 standard. However, the CEO also serving as chairman and the proportion of female directors and executives being 0% may limit further enhancement of diversity and checks and balances. The disclosure of information related to the board's diversity management system still needs improvement.

Content generated by AI on June 9, 2026, please verify important information