GCL Technology (03800.HK) recently achieved an outstanding ESG (Environmental, Social, and Governance) rating from the international mainstream research firm Morningstar Sustainalytics, scoring 19.8/100. Sustainalytics’ ESG Risk Ratings assess both exposure and management; a lower score indicates lower ESG risk. With this performance, GCL Technology ranks among the top 20% of global companies assessed and is the highest-rated Chinese PV company as of February 2025.

About Sustainalytics:
Part of the U.S.-based Morningstar Group, Sustainalytics is a globally recognized ESG research, rating, and data provider. It evaluates over 16,000 companies worldwide, focusing on a company’s exposure to material ESG risks and its ability to manage those risks.

In the Sustainalytics scoring system:

• 0–10: Negligible risk

• 10–20: Low risk

• >40: Severe ESG risk

GCL Technology scored low risk, with key ESG areas—including product governance, occupational health & safety, emissions, wastewater & waste management, and stakeholder governance—all rated “Negligible”, demonstrating the company’s robust risk management and operational excellence.

GCL Technology has long integrated ESG principles into its production and business operations, embedding green and low-carbon practices, optimizing governance frameworks, implementing carbon management, and maintaining sustainable supply chains. This latest Sustainalytics rating reflects the company’s leadership in ESG management, confirming that its policies, project execution, and operational initiatives have set an industry benchmark for sustainable development.