SUSTAINABLE DEVELOPMENT TREND OF CHINESE AUTOMOBILE INDUSTRY ENTERPRISES

BORN TO ELECTRIFY THE AFTERMARKET, FOR A BRIGHTER FUTURE

1. Automobile Industry Association actively promotes the construction of a social responsibility system. China Association of Automobile Manufacturers (CAAM) continues to drive industry enterprises to fulfill their social responsibilities and promote the sustainable development of China’s automobile industry. They have successively released the Industry Sustainable Development Report and held the Forum on Sustainable Development of the Automobile Industry.

2. The number of sustainable development reports/social responsibility reports/ESG reports will continue to increase. According to the “Golden Bee Corporate Social Responsibility Report Evaluation System”, the number of automobile enterprises that issued social responsibility reports is relatively low compared with the listing scale of automobile enterprises. The importance of social responsibility information disclosure is insufficient. With the continuous improvement of regu- latory requirements, more enterprises will take the initiative to prepare sustainable development reports/social responsibility reports/ESG reports to disclose the performance of their responsibilities.

3. Sustainable management of suppliers has become the consensus to realize the stable operation of the supply chain. In the face of many problems brought by the current industrial chain and supply chain, the automobile industry enterprises continue to refine the sustainable standards and supplier code of conduct for the management of environmental, social and governance risks in the supply chain. In the Supplier Code of Conduct, it has repeatedly emphasized the aspects of supplier selection, including human rights, environmental management system, occupational health and safety system, responsible procurement, etc. The sustainable management of suppliers has become the consensus to realize the stable operation of the supply chain. 

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As a leading developer of technical innovations with 130 years of chassis expertise, Schae ler prides itself on an uncompromising approach to quality: Every element of our chassis components and intelligent repair solutions is developed and tested by Schae ler engineers in line with the most stringent quality standards. Signature quality to be proud of.