FiberHome Releases ESG Report

Technology Author: Yuehan Li, Chendi Editor: 陈迪 Nov 29, 2023 06:24 PM (GMT+8)

Advancing Towards Sustainable Development


FiberHome(600498:SH) recently unveiled its first ESG report, underscoring its commitment to sustainable practices in societal, environmental, and economic realms. 

Recognizing ESG as a pivotal measure for corporate sustainability, FiberHome aligns with the nation's "dual carbon" objectives. Blue Ocean, President of FiberHome Technologies, highlighted the company's continuous pursuit of green, low-carbon development as an innovation-driven enterprise devoted to high-quality growth and societal responsibility. 

In its environmental initiatives, FiberHome focuses on efficient cleanliness and green, low-carbon advancement. It has crafted a strategic "dual carbon" action plan, targeting an 18% reduction in carbon emissions per unit output by 2025 from 2020 levels, with an ultimate goal of a 30% reduction by 2030, ultimately achieving carbon neutrality. This initiative spans product, production, and supply chains, enabling the creation of eco-friendly solutions and driving sustainability throughout the supply chain.

For instance, the OXC (Optical Cross-Connect) solution boasts high-capacity, all-optical switching, saving 90% of data center space and cutting power usage by 60% compared to traditional ROADMs (Reconfigurable Optical Add-Drop Multiplexer) architecture. Similarly, the FTTR (Fiber to The Room) solution, designed for smart homes, offers a stable, ultra-wide, agile, and intelligent optical foundation, significantly more energy-efficient and environmentally friendly than conventional networking. 

Adopting a comprehensive lifecycle approach to green product design, FiberHome prioritizes low-toxicity, resource conservation, and energy-saving in product development. The company's products, such as optical cables, set-top boxes, and junction boxes, hold third-party certifications for their minimal product carbon footprint.

To bolster its energy structure, FiberHome established a 5-megawatt distributed photovoltaic power station, utilizing building rooftops and outdoor parking areas at its headquarters. This initiative serves as a carbon sink, absorbing 4,000 tons/year of carbon emissions while also reducing indoor temperatures by approximately 3℃, enhancing both energy and environmental benefits. 

In terms of social responsibility, FiberHome integrates business with compliance requirements and ESG concepts, prioritizing societal contribution and stakeholder well-being. Quality management and end-to-end quality control are paramount, alongside active investment in employee welfare, charitable donations, and social poverty alleviation initiatives. 

Regarding corporate governance, FiberHome Technologies rigorously adheres to laws and regulations, implementing a balanced governance mechanism. The company emphasizes compliance operations, fostering a robust internal control system and risk control mechanisms.