Promoting the “Shared Value” Development Concept I H&H Group Releases 2023 Sustainability Report
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On April 11, H&H Group officially released the 2023 Sustainability Report, which comprehensively demonstrates H&H Group’s outstanding achievements in sustainable development in 2023. This is the eighth report since 2016 to demonstrate the close integration of H&H Group’s global business operations and sustainable development.
Deepening the shared value model and achieving multiple milestones in the year
As a responsible enterprise since its birth, H&H Group has promoted shared value through four core sustainable development impact areas over the past eight years – “enhance health awareness”, “reduce environmental footprint”, “support equitable development”, “Improve corporate governance.” In 2023, H&H Group will continue to deepen its shared value growth model, and is committed to achieving group-level B Corp certification by 2025, and working with stakeholders upstream and downstream of the entire industry chain to achieve multiple sustainable development results:
Five entities of H&H Group (Mainland China, Australia and New Zealand, North America, France, and the United Kingdom) have obtained B Corp certification.As one of the most stringent certifications to evaluate a brand’s social and environmental impact and governance, B Corp is a key step towards the group’s goal of fully obtaining B Corp certification.
Important climate action plan milestone reached.H&H Group has set greenhouse gas (GHG) emission reduction targets and obtained Science-Based Targets Initiative (SBTi) approval, including covering all operating sites with renewable electricity and developing a comprehensive roadmap for emission reductions. In addition, two factories in mainland China have passed the Scope 1 and Scope 2 carbon neutral certification of the PAS 2060 standard.
Join hands with core partners to build a green supply chain.As one of the important partners of H&H Group, Isigny Sainte-Mère (ISM) works together to conduct a comprehensive carbon footprint assessment to lay the foundation for determining emission reduction strategies. In addition, the Group also joins hands with the global dairy industry to support the “Dairy Road to Net Zero” initiative, which aims to accelerate climate action in the dairy industry and reduce the impact of dairy production on the environment.
The sustainable development strategy rating was upgraded.H&H Group has received the ESG (Environmental, Social and Corporate Governance) “A” rating from Morgan Stanley Capital (MSCI), a well-known index compilation company, for four consecutive years, and it will be upgraded to an “AA” rating in February 2024; In September 2023, the Hong Kong Quality Assurance Agency raised the sustainability rating of H&H Group from “A” to “A+”.
The group has received Business for Social Impact (B4SI) certification for three consecutive years.Business for Social Impact is a global partnership of approximately 180 multinational companies. Business for Social Impact certification is the global standard for measuring and managing a company’s social impact.
Earn multiple Best Places to Work certifications.H&H Group continues to strive to improve employee experience and hopes to deliver positive energy to the team and support the physical and mental health and welfare of team members around the world. It has won 5 Best Workplace Awards in 2023.
Improve health awareness and further invest in scientific research and innovation
H&H Group is committed to becoming a leader in the global high-end nutrition and health industry, providing high-quality products and building coveted brands. Scientific research and innovation focus on nutrition and health for the whole family and throughout the entire life cycle are the core of realizing this vision.
In 2023, the group invested more than US$29.2 million in research and development, a year-on-year increase of 30%. The group achieves 87%* products free of artificial colours, flavours, sweeteners and preservatives. The group has launched 365 products in the global market, bringing consumers a more diverse, innovative and sustainable product portfolio.
Reducing environmental footprint supports the low-carbon transformation of the global economy
In 2023, the Group’s global business operations (including offices and factories) will be 100% powered by renewable energy. The Group is committed to playing a role in the transition to a net-zero emissions global economy, with both total carbon emissions and carbon emissions intensity achieving year-on-year declines. In addition, the group’s total global water consumption dropped by 5%, and the unit production water consumption of its own factories decreased by 7.2%; 1,397 tons of packaging materials were saved, and 95% of the packaging materials are recyclable, biodegradable or compostable.
In addition, H&H Group also established the “H&H Sustainable Development Exploration Space” in 2023, which aims to equip group team members with the knowledge and skills needed to cope with complex climate change through climate training.
Support equitable development and lay a solid foundation for healthy and happy careers
H&H Group’s philosophy of health and happiness starts from all people touched by its business. In 2023, the group won a total of 13 employer-related awards. Both factories in mainland China have passed ISO 45001 certification (occupational health and safety management system) and are committed to providing team members with a safe and healthy workplace, helping to improve comprehensive service quality and laying an important foundation for the sustainable development strategy.
Since the Group released its first Global Diversity, Equity and Inclusion (DE&I) Statement in 2022, the Group has made significant progress and now has DE&I plans and representatives in all regions to support the promotion of relevant local measures. In 2023, Australia and New Zealand has launched and is implementing a comprehensive three-year strategic roadmap (2023 to 2025). Europe launches the Celebrating Life Every Day Charter, detailing the key principles surrounding DE&I from professionalism and gender equality to culture and life stages. The Asian team participated in the “Diversity, Equity and Inclusion 101 Training” event to introduce participants to the basic concepts of DE&I and its meaning in the Asian context. It also carried out multiple DE&I-themed publicity day activities in mainland China, with more than 1,700 team members participating.
2023 marks the tenth anniversary of the H&H Charity Fund. The fund has invested more than US$10 million in communities, and its donations have expanded to more than 64 charities in 12 countries/regions, touching the lives of more than 15,000 people. In addition, as part of the group’s public welfare investment, the Group’s Biostime Maternal and Infant Relief Fund will continue to carry out projects such as Qingqin Run, Angel Journey, Love Designated Hospitals, and 99 Charity Premature Infant Rescue in 2023, donating RMB 3.49 million to aid 481 people. Since its establishment, the Biostime Maternity and Infant Relief Fund has raised nearly 78.96 million yuan in donations and aided 3,876 people, lighting up hope for mothers and infants in need and suffering from serious illness.
Improve corporate governance and build a sustainable future
Good corporate governance is the cornerstone of a company’s sustainable development. In 2023, the group will further strengthen and implement governance measures related to sustainable development. 100% of global team members have completed annual compliance training; the proportion of female members of the board of directors has increased to 33%. In addition, the group has integrated climate-related risks into the group’s overall risk management framework and improved the “group risk management system”.
In addition, in 2023, 100% of the group’s suppliers will sign the Supplier Code of Conduct*. H&H Group continues to improve the green value chain, empower enterprises with sustainable development from a strategic perspective, and integrate sustainable development into all aspects of operations.
Luo Fei, Chairman of the Board of Directors of Hianhe GroupSaid: “Looking to the future, H&H will continue to be committed to achieving the sustainable development goals. In the face of complex and ever-changing challenges, we will still unswervingly pursue sustainable development. Just like the innovative spirit we have practiced in the past 25 years, we We will continue to embrace innovation, be brave in pioneering, and forge ahead on the road to sustainable development. With the strong support of all stakeholders, we firmly believe that health and happiness can change everything, and let us work together to create a future of shared value.”
Looking forward to the future, adhering to the business model of PPAE (Premium high-end quality, Proven scientific verification, Aspirational, pursuit of excellence, Engaging participation and interaction), H&H Group will continue to develop a shared value model and continue to fulfill its mission of making people healthier and better with firm principles. Happy Mission.
*Excluding Dodie and Solid Gold in Mainland China.
*132 suppliers accounting for 98% of total supply chain spend
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