- Niu Technologies (NASDAQ: NIU) leads China’s two-wheeler segment with an S&P Global ESG Score of 43 in 2024.
- The company outperformed 68% of global automotive firms in the S&P Global Corporate Sustainability Assessment.
- Niu Technologies has implemented comprehensive ESG policies, enhancing transparency and responsible management.
Niu Technologies (NASDAQ: NIU) has secured the top position in China’s two-wheeler segment with a notable S&P Global ESG Score of 43 in 2024, marking a 14-point improvement from the previous year. This milestone underscores the company's commitment to sustainability, outperforming 68% of global automotive companies in the S&P Global Corporate Sustainability Assessment (CSA).
Key achievements include perfect CSA scores in Product Quality, Information Security, and Low-Carbon Products. Furthermore, NIU's Environmental score exceeded 50% of global automotive peers, while its Social and Governance scores surpassed 65% and 77% of global peers, respectively. The company's commitment to energy efficiency is demonstrated by an improved score from 42 to 90 in the Energy Consumption criteria.
In 2024, Niu Technologies enhanced its transparency with disclosures on greenhouse gas emissions, aligning with the TCFD framework, significantly increasing its TCFD Disclosure criteria score to 75 from zero in the previous assessment.
Comprehensive ESG initiatives rounded off NIU's achievements, including a Supplier Code of Conduct, Conflict Minerals Policy, and Human Rights Policy. Additionally, NIU was one of China’s first electric two-wheeler companies to participate in the CDP's environmental assessment, earning an 'Awareness Level' rating.
The company's innovative approach is evident in its product offerings, such as battery-powered smart two-wheelers with green manufacturing processes, setting new industry benchmarks. Looking forward, NIU Technologies remains committed to advancing its sustainable development efforts, reinforcing its leadership in the smart urban mobility sector.
