Sunny Optical Wins Another ESG Award with Contribution to Sustainable Development Recognized
On February 22, 2023, Sunny Optical Technology (Group) Co., Ltd., the world's leading optical expert, was awarded the ESG Award at the 4th InnoESG Prize Presentation. This was the second time for the group winning this award, affirming the Group's unremitting efforts and outstanding performance in sustainable development. The InnoESG Award is jointly organized by the Peace Center of the UNESCO Association, the SocietyNext Foundation and the Rotary Club. Past award-winning companies have spanned different industries, including Fortune 500 companies, listed companies, and international rating agencies, etc. It is aimed to recognize the businesses that are transforming the world with sustainable measures and to encourage those enterprises that have innovatively reformed their core business to adapt to and incorporate ESG aspects.
Pursuing sustainable development is critical for a company to be long-lasting and strongly competitive in the long run, thus we have been carrying out ESG related management work and have disclosed ESG performance as a separate report for three consecutive years. The Group will continue to adhere to the core value of “Create Together” and firmly fulfills three major responsibilities on sustainable development. With business model that is technically innovative and sustainable, the Group hopes to make more contributions to the human society.
23 February 2023
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Sunny Optical Technology is Listed on the "2022 Forbes China Top 50 Sustainable Industrial Companies"
On February 7, 2023, Forbes China released the "2022 Forbes China Top 50 Sustainable Industrial Companies", and Sunny Optical Technology was included on the list.
On August 31, 2022, Forbes China launched the assessment of "2022 Forbes China Top 50 Sustainable Industrial Companies", which aims to identify industrial companies with far-reaching and outstanding achievements in sustainable development, and establish benchmarks for Chinese industrial companies to help them further optimize their sustainable development strategies, thereby contributing to the construction of a green China and evergreen enterprises. This assessment is based on the five dimensions of "management system, technological innovation, comprehensive efficiency, resource allocation and demonstration", which is independently designed by Forbes China, with a panel of experts invited to make a comprehensive assessment.
The companies selected this year are those who have been operating steadily for more than three years and have a domestic market capitalization or valuation over ￥30 billion, or revenue over ￥10 billion in the previous year. This honor not only indicates that the company’s stable and mature management system, but also its globally competitive advantages and its globally leading technology, making it an industry benchmark with high value of sustainable development.
In the future, Sunny Optical Technology will continue to pursue sustainable development and become a green pioneer and model in the optical industry.
14 February 2023
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The Company Issued its First Sustainability-Linked Bonds Successfully
On 17 January, 2023, the Company successfully issued 3.5-year U.S.$400 million 5.95% sustainability-linked bonds in compliance with Regulation S in the international bond capital market.
This issuance is another important milestone of the Company in the capital market. Citi and BNP Paribas are acting as joint global coordinators, and BNP Paribas, Citi, Crédit Agricole and UBS are acting as the joint bookrunners and joint lead managers of the issuance.
On 4 January, 2023, the Company announced its online roadshow presentations. Senior management of the Company's conducted more than 15 deal roadshow meetings with approximately 200 investors on 5 and 6 January. The issuance was highly recognized by investors, attracted a large number of high-quality international investors, and was oversubscribed by almost 5 times.
This deal also makes a number of industry records: the first U.S. dollar sustainability-linked bonds for the technology manufacturing industry in Asia，and the first sustainability-linked U.S. dollar bonds by a Chinese enterprise.
The Company has adopted the greenhouse gas (“GHG”) reduction target as the Sustainability Performance Target(“SPT”) for the sustainability-linked bonds, namely a 20% reduction of Scope 1 and 2 GHG emissions intensity by the year of 2025 versus a baseline of the year of 2021. The issuance of the sustainability-linked bonds reflects the Company's commitment and determination to reduce GHG emissions, which will help the Company to achieve its dual carbon goals in a planned and targeted manner and further improve its sustainability capabilities.
20 January 2023
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Sunny Optical Technology is Listed on the “2021 Hurun China Private Companies SDG Readiness 100”
