ACE Battery Achieves Significant Progress with 2024 EcoVadis Sustainability Rating: Earns the "Committed" EcoVadis Badge

We are proud to announce that ACE Battery has achieved a "Committed" EcoVadis Badge in the prestigious 2024 EcoVadis Sustainability Rating, marking a major milestone in our commitment to environmental stewardship, social responsibility, and ethical governance. This achievement represents a notable improvement from last year’s rating, reflecting the tangible progress we have made in strengthening our sustainability performance.

Understanding the EcoVadis Sustainability Assessment

EcoVadis is a globally recognized sustainability rating platform that assesses companies based on their environmental, social, and ethical practices. It provides a comprehensive evaluation covering over 130,000 companies worldwide across more than 180 countries and 220 industries. The assessment offers a robust framework that encourages transparency and continuous improvement in corporate sustainability efforts.

The EcoVadis evaluation is based on four key pillars:

1. Environment — Measures efforts related to energy consumption, greenhouse gas emissions, waste management, water use, and biodiversity protection.
2. Labor & Human Rights — Assesses workplace health and safety, employee rights, diversity and inclusion, and fair labor practices.
3. Ethics — Focuses on anti-corruption measures, responsible business conduct, data privacy, and compliance.
4. Sustainable Procurement — Evaluates how companies integrate environmental and social considerations into their supply chain management.

Each of these pillars is further broken down into detailed criteria and indicators. Companies submit documentation, policies, and evidence which are then reviewed by EcoVadis experts, benchmarking their performance against industry peers. 

ACE Battery's Journey and Achievements

In 2024, ACE Battery scored significantly higher than in 2023, with our rating improving by 10 points and securing a  "Committed" EcoVadis Badge. This advancement is a testament to the focused efforts we have made across our operations:

• Enhancing Environmental Performance: We have implemented measures to reduce energy consumption and carbon emissions throughout our manufacturing processes. Waste reduction programs and responsible resource management have been prioritized to minimize environmental impact.

• Strengthening Labor Practices: We continue to invest in employee health and safety, promoting diversity, equality, and inclusion within our workforce. Employee training and engagement initiatives foster a positive, respectful workplace culture.

• Improving Ethical Governance: ACE Battery has refined its compliance frameworks, including anti-corruption policies and data privacy protocols, ensuring transparency and integrity in all business dealings.

Advancing Sustainable Procurement: We actively engage with suppliers to promote sustainable practices, encouraging responsible sourcing and supplier accountability aligned with our ESG goals.

The Significance of EcoVadis Certification

Achieving the EcoVadis "Committed" Badge places ACE Battery as a credible validation of our commitment to integrating sustainability into our core business strategy. It also strengthens our position as a trustworthy partner for customers and stakeholders increasingly seeking responsible and transparent supply chains.

Moreover, this certification reflects the growing global emphasis on Environmental, Social, and Governance (ESG) criteria as a key factor in business resilience and long-term value creation.

Looking Forward: Our Commitment to Continuous Improvement

While proud of our progress, ACE Battery views this achievement as a stepping stone rather than a final destination. We are dedicated to continuous improvement and setting even higher standards for sustainable business practices. Our roadmap includes:

• Expanding renewable energy usage and improving energy efficiency across all facilities.
• Deepening community engagement and employee wellbeing initiatives.
• Enhancing supplier sustainability programs and transparency.
• Strengthening governance structures to ensure ongoing compliance and ethical leadership.

We believe that responsible innovation and sustainable growth go hand in hand. As the clean energy sector evolves, ACE Battery remains committed to leading with purpose, delivering high-quality, sustainable energy solutions that contribute positively to society and the planet.

Conclusion

The 2024 EcoVadis Sustainability Rating and the "Committed" EcoVadis Badge awarded to ACE Battery signify more than a score—they represent our unwavering dedication to sustainability and ethical business conduct. We thank our employees, partners, and stakeholders for their continued support in this journey. Together, we are building a cleaner, safer, and more sustainable future.