/ AsSOC/August 01, 2022 Guangzhou -- On July 29, the 14th "China Corporate Social Responsibility Annual Meeting" was held in Guangzhou, where the Southern Weekend China Corporate Social Responsibility List (2021) was released. With its outstanding performance in sustainable development and corporate social responsibility, Luoyang Molybdenum was awarded the Southern Weekend China Outstanding Responsible Enterprise 2021, ranking 22nd in the overall list.
In China's Top 300 CSR List, Luoyang Molybdenum ranked 22nd with a comprehensive score of 73.16, close to Alibaba (73.13) and JD.com (72.90).
Luoyang Molybdenum has long attached great importance to the work of corporate social responsibility. Over the years, it has invested heavily in the fields of environment, community and governance, and constantly improved its ESG level.In terms of environment, in 2021, Luoyang Molybdenum set long-term vision and short-term quantitative targets to continuously optimize environmental performance. In the social field, Luoyang Molybdenum has maintained an active community investment policy over the years, practicing the concept of sharing development results with all stakeholders. Among them, in Luanchuan County, Luoyang City, Henan Province, where the mining area is located, Luoyang Molybdenum Industry has been actively involved in poverty alleviation for many years, and has contributed to the local development for a long time. In the Democratic Republic of Congo (DRC), Luoyang Molybdenum's TFM company will invest more than $31 million in community development over the next five years.
In addition to the environmental and social sectors, Luoyang Molybdenum also leads its Chinese peers in the field of corporate governance. As A dual-listed company in Shanghai and Hong Kong, Luoyang Molybdenum continues to attach importance to information disclosure. It is a private enterprise in the non-ferrous industry that has been awarded the A-grade evaluation of "Information disclosure of Listed companies" by the Shanghai Stock Exchange for four consecutive years. In 2021, the vision of Luoyang Molybdenum Industry Company is upgraded to a "respected and modern resource company". With the take-off of the new energy industry, Luoyang Molybdenum Industry, as an important supplier of new energy materials, has also made more ambitious goals in the field of ESG. Yuan Honglin, Chairman and Director of Strategy and Sustainable Development Committee of the Board of Directors of Luoyang Molybdenum, said, "An A rating from MSCI is an encouragement and a new starting point for us. The new energy industry is slowly unfolding, and the prospect of a two-carbon target is exciting. Luoyang Molybdenum will continue to make efforts to provide stable, high-quality and responsible battery raw material products for the downstream, and work with all parties to help the global energy transformation, so that the mining industry will benefit future generations." < /p>At present, the MSCI ESG rating of Luoyang Molybdenum has maintained A level since 2021, which is the same as international peers Rio Tinto, BHP Billiton and Anglo American Resources, leading the domestic mining industry.
