Shenzhen Manst Technology’s 2024 Sustainability Report Highlights ESG Progress
Shenzhen, China – Shenzhen Manst Technology Co., Ltd. (“Manst”) has released its 2024 Sustainability Report, showcasing significant advances in the company’s environmental, social, and governance (ESG) performance. Marking its tenth anniversary, Manst’s first sustainability report outlines major achievements in carbon emissions reduction, social responsibility, and corporate governance. The report reveals how Manst is integrating sustainable practices into its business strategy, from cutting carbon output and designing green products to investing in employees and strengthening ethical oversight.
Climate and Environmental Action
Manst’s 2024 report underscores a strong commitment to climate action and environmental stewardship. The company has integrated climate responsibilities into its governance framework and adopted new processes and technologies to replace high-energy-consuming systems, thereby reducing carbon emissions and improving energy efficiency. In fact, the firm set a target for year-on-year reduction of carbon emission intensity (CO₂ per unit output) and implemented a series of energy-saving measures to achieve it. As a result, Manst attained a 100% fulfillment of its annual environmental targets in 2024, with zero environmental violations recorded; all wastewater, exhaust gas, and waste disposals were fully compliant with regulations.
Energy conservation is a focal point of Manst’s operations. The company has established a scientific, ISO 50001-aligned energy management system to continuously monitor and improve energy use. In 2024, Manst’s total electricity consumption was ~13.47 million kWh, and comprehensive conservation programs – such as upgrading to high-efficiency equipment, optimizing processes, and promoting “turn off when not in use” policies – helped minimize waste. Manst also maintained ISO 14001-certified environmental management across all major sites, ensuring strict compliance and proactive pollution control. Notably, no environmental penalties or incidents occurred during the year.
Beyond its own operations, Manst extends environmental responsibility through its supply chain. The company gives priority to suppliers with certified quality, environmental, and safety management systems, encouraging a low-carbon, sustainable supply chain. According to the report, hundreds of Manst’s suppliers are already certified under ISO 9001 (quality), ISO 14001 (environment), and ISO 45001 (health & safety) standards – part of a broader effort to build a green and efficient supply chain. In 2024, 60% of the company’s procurement spending went to local suppliers, supporting local economies while reducing transport-related emissions.
Manst is also leveraging its technology expertise to contribute to global climate solutions through green product innovation. The report highlights new products and R&D breakthroughs aimed at enabling the clean energy transition. In 2024, Manst launched integrated energy storage solutions to provide users with efficient, intelligent storage for wind and solar power, recognizing energy storage as “a core pillar in building a new power system” under China’s carbon neutrality goals. Similarly, Manst invested in cutting-edge perovskite solar cell technology – a next-generation photovoltaic innovation – developing large-scale coating equipment to reduce the cost per kilowatt-hour of solar energy and accelerate progress toward the nation’s “dual carbon” (carbon peaking and neutrality) targets. These efforts reflect Manst’s ethos of green, low-carbon development, as the company strives to be a “practitioner, promoter, and contributor” to sustainable industry practices.
Social Responsibility and People-Centric Development
The report places a strong emphasis on social responsibility, highlighting Manst’s people-centric corporate culture and community engagement. “We have always regarded our employees as the most valuable asset of the Company,” writes Chairwoman Tang Xuejiao. In line with this philosophy, Manst upholds fair recruitment and equal opportunity, a comprehensive compensation and benefits system, and a warm, inclusive workplace that particularly protects women’s rights and promotes gender equality. As of the end of 2024, women constituted one-third of the company’s Board of Directors, and female employees numbered 372 out of a total workforce of 1,632. The staff also includes over a hundred employees from ethnic minority backgrounds, underscoring Manst’s commitment to diversity and inclusion.
Employee development is another key theme. Manst provides diverse career pathways and a structured training system to foster its talent. During 2024, the company invested ¥1.14 million in employee training, achieving a 96% training coverage rate across the workforce. All employees received regular performance and career development evaluations (100% coverage) to support their growth. In addition, Manst encourages innovation through internal programs and has built an intellectual property training initiative to cultivate professional IP management skills among staff. These efforts contributed to Manst’s accumulation of 412 authorized patents, including 49 inventions, by the end of 2024 – a level of innovation that earned the company recognition as a National Intellectual Property Advantage Enterprise.
Protecting the health and safety of employees is a top priority. Manst maintains an ISO 45001-certified Occupational Health and Safety management system and implemented rigorous safety risk controls throughout its operations. Thanks to these measures, the company recorded zero work-related accidents in 2024. The report details extensive safety education programs: every new employee undergoes mandatory safety training before starting work, and current staff receive ongoing safety drills, emergency response exercises, and even safety knowledge competitions to reinforce a strong safety culture. This comprehensive approach has ensured high awareness and compliance with safety protocols, resulting in a stellar safety record.
Manst’s social responsibility extends beyond the factory walls into the community. The company supports local development through job creation, active tax contributions, and philanthropy, striving for “harmonious development between the enterprise and society”. In 2024, Manst engaged in various public welfare initiatives – most notably an environmental community project that aligns with national sustainability goals. As part of China’s “Ten-Year Tree Planting and Ecological Civilization” campaign, Manst committed to planting 100 acres of forestland annually. During the reporting period, the company successfully completed its second year of this tree-planting commitment, contributing to reforestation and carbon absorption efforts in support of China’s climate objectives. Such initiatives exemplify Manst’s approach to giving back to society and promoting environmental awareness in the community.
Strengthening Corporate Governance and Ethical Practices
The sustainability report highlights robust corporate governance practices that underpin Manst’s ESG performance. The company has established a sound and comprehensive governance framework to ensure efficient, transparent operations of its Shareholders’ Meeting, Board of Directors, and Board of Supervisors. In 2024, Manst further strengthened internal controls and risk management systems, rigorously regulating compliance in areas like related-party transactions and taxation. An independent audit of internal controls found no significant deficiencies, confirming that effective controls were maintained across all key areas. This strong risk oversight structure (guided by a dedicated Strategic and Sustainable Development Committee at the board level) allows the company to proactively identify and manage risks – including climate-related risks – in a systematic way.
Business ethics and anti-corruption measures are prominently featured. Manst strictly abides by laws and its own codes of conduct, “firmly oppos[ing] commercial bribery, corruption, and unfair competition” and remaining “committed to integrity and fairness in the marketplace,” according to the Chairwoman’s message. To enforce this stance, the company has instituted an Anti-Fraud and Anti-Corruption system with an Audit & Supervision Department responsible for handling any fraud reports and conducting investigations. Multiple confidential whistleblowing channels (hotlines, email, WeChat) are provided to encourage reporting of misconduct. In 2024, Manst rolled out comprehensive anti-corruption training, reaching over 1,300 employees (about 82% of staff) with courses on anti-bribery policies. This education drive, averaging 0.5 hours per employee, reinforces a company-wide culture of ethics and compliance. Thanks to these efforts, the year saw no reports of major ethical violations or regulatory penalties – for instance, no violations in information disclosure were recorded in 2024.
Another pillar of Manst’s governance is its focus on intellectual property (IP) protection and innovation governance. The company follows an innovation-driven strategy and has embedded IP management into its business processes. It implements full-lifecycle IP protection – from R&D to contracts with partners – to safeguard its technological breakthroughs. As noted, Manst’s patent portfolio is extensive, and it actively trains employees on IP rights, which helped the firm earn national accolades for IP management. These steps ensure that as Manst innovates in cutting-edge areas like battery materials and solar technology, its proprietary knowledge is secured.
Transparency and investor protection are also highlighted. One-third of Manst’s board directors are independent members, including experts in accounting and law, to uphold strong corporate oversight. During 2024, the company improved its investor communications – conducting over 200 online interactions and forums with shareholders and answering hundreds of investor inquiries – and ensured high-quality, timely information disclosure in line with regulatory requirements. These measures have helped Manst build trust with investors and stakeholders, with the report noting that shareholder rights were diligently safeguarded throughout the year.
Certifications and Recognitions
Manst’s ESG commitments are reinforced by numerous certifications and external recognitions. The company’s management systems are certified to several international standards, reflecting global best practices: ISO 9001:2015 for Quality Management, ISO 14001:2015 for Environmental Management, ISO 45001:2018 for Occupational Health & Safety, and even ISO/IEC 27001:2022 for Information Security. These certifications affirm that Manst’s operations meet rigorous benchmarks for quality, sustainability, workplace safety, and data security – bolstering its credibility among clients and partners. Additionally, the report notes that Manst’s major subsidiaries have all attained ISO 14001 environmental certification as well, and the company requires key suppliers to hold similar ISO credentials, as part of its sustainable supply chain governance.
In terms of corporate accolades, Manst has earned national and regional honors that speak to its ESG and innovation excellence. The company has been designated a “National High-Tech Enterprise” and recognized as a Specialized and Sophisticated “Little Giant” Enterprise – a prestigious status awarded to high-growth, innovative small-to-mid-sized companies in China. Manst has also received awards for product innovation and quality in its industry, such as the “Golden Ball Award” for Innovative Technology in the electronics sector. Furthermore, the company’s integrity and compliance culture have been acknowledged through titles like “Guangdong Province Contract-Abiding and Credit-Worthy Enterprise,” underscoring its reputation for ethical business conduct. These certifications and recognitions not only validate Manst’s ESG efforts, but also enhance its standing with investors, customers, and regulators as a responsible and forward-thinking enterprise.
Conclusion: Aligning with Global Sustainability Trends
Manst’s 2024 Sustainability Report demonstrates the company’s holistic approach to ESG – balancing robust environmental initiatives, social empowerment, and solid governance. The achievements detailed in the report position Manst as a contributor to broader sustainable development agendas. By cutting carbon emissions, promoting clean energy solutions, and even planting forests, Manst is actively supporting China’s national goals of reaching carbon peak by 2030 and carbon neutrality by 2060. Its focus on employee welfare, diversity, and community wellbeing echoes the priorities of the United Nations Sustainable Development Goals, from quality education and gender equality to decent work and economic growth. At the same time, Manst’s emphasis on compliance, anti-corruption, and innovation governance aligns with international expectations for corporate accountability and ethical business practice.
As global investors and ESG observers raise the bar for corporate sustainability, Manst’s progress in 2024 showcases its readiness to meet those expectations. The company plans to “continue to deepen its ESG practices” and pursue “sustainable and high-quality development” in the years ahead, according to the Chairwoman’s closing message. By embedding ESG principles into its core strategy and culture, Manst is not only strengthening its own business resilience but also contributing to the collective drive for a greener, more inclusive economy. The 2024 report’s findings will serve as a benchmark for Manst’s future efforts and a transparent update for stakeholders, as the company enters the next chapter of growth with sustainability at the forefront of its agenda.
