Daqo New Energy Unveils Ambitious ESG Goals for Sustainable Innovation and Corporate Responsibility
- Daqo New Energy aims to increase clean energy use and reduce waste emissions between 2023 and 2025.
- The company targets peak carbon emissions and over 80% clean energy usage by 2030, with a vision for carbon neutrality by 2060.
- Daqo integrates social responsibility into its strategy, enhancing resilience and stakeholder relationships while promoting sustainable development.
Daqo New Energy Sets Ambitious ESG Goals to Drive Sustainable Innovation
Daqo New Energy Corp., a leading manufacturer of high-purity polysilicon for the solar photovoltaic (PV) industry, recently unveils its 2024 Environmental, Social, and Governance (ESG) report, reflecting a strong commitment to sustainability and corporate responsibility. CEO Xiang Xu emphasizes the company's dedication to fostering a culture of integrity and regulatory compliance while innovating within the green energy sector. The report outlines Daqo’s comprehensive ESG Development Strategy, which sets ambitious sustainable objectives for the short, medium, and long term, demonstrating the company's proactive stance in addressing environmental and social challenges.
In the short term, spanning from 2023 to 2025, Daqo aims to significantly increase the use of clean energy in its production processes while simultaneously reducing waste emissions. The company focuses on improving energy consumption efficiency and enhancing recycling processes to promote a circular economy. These initiatives not only underline Daqo’s commitment to environmental sustainability but also position the company as a forward-thinking leader in an industry increasingly driven by the demand for cleaner energy solutions. By prioritizing these goals, Daqo seeks to align its operations with global sustainability standards, enhancing its reputation as a responsible corporate citizen.
Looking towards the future, Daqo has set medium-term targets that include achieving peak carbon emissions and utilizing over 80% clean energy in production by 2030. The company has a long-term vision of attaining carbon neutrality by 2060, showcasing its resolve to contribute to global efforts against climate change. With a total polysilicon nameplate capacity of 305,000 metric tons, Daqo stands as one of the lowest-cost producers in the sector, making it well-positioned to lead the transition to sustainable energy. The full ESG report, available on the company's investor relations website, outlines these strategies in detail, reflecting Daqo's commitment to both corporate and environmental progress.
In addition to its environmental objectives, Daqo’s report highlights its focus on social responsibility and employee rights, underscoring a holistic approach to governance that extends beyond mere compliance. By integrating social and environmental considerations into its core business strategy, Daqo not only enhances its operational resilience but also strengthens its relationships with stakeholders, including employees and communities.
Overall, Daqo New Energy's proactive approach to ESG initiatives not only positions it to meet regulatory expectations but also establishes the company as a pivotal player in the renewable energy landscape, aligning its operations with the broader goals of sustainable development.