XPeng Publishes Inaugural Environmental, Social and Governance Report
October 14 2021 - 8:30PM
Business Wire
“AA” MSCI ESG Rating Tops Global Auto
Peers
XPeng Inc. (“XPeng” or the “Company”, NYSE: XPEV and HKEX:
9868), a leading Chinese smart electric vehicle (“Smart EV”)
company, today announced the release of its inaugural
Environmental, Social and Governance Report (the “ESG Report”),
detailing the Company’s strategy and outstanding achievements in
ESG performance.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20211014006164/en/
XPENG ESG REPORT (Photo: Business
Wire)
As part of its commitment to ESG, XPeng has curated an
innovative core concept of X-SEG (Smart, Efficient and Green) that
guides the establishment and operations of its factories and
underpins all major aspects of the Company’s business operations,
from supply chain management and green manufacturing, to product
safety management, eco-friendly operations and governance.
The Company’s leadership in ESG is recognized globally. For the
second consecutive year, in 2021 XPeng received an “AA” rating from
MSCI ESG Research, the highest MSCI ESG rating among automobile
companies worldwide. Notably, MSCI ESG Research scored XPeng 10 and
9.1 in the categories of Product Carbon Footprint and the
Opportunities in Clean Tech, two of the key areas that contributed
to the ESG ratings. This compares with industry averages in the
same categories of 7 and 5.5. Furthermore, as part of their scoring
review, MSCI ESG Research highlighted XPeng’s financial and
personnel commitment to advancing technology as a key driver in the
Company’s ability to deliver long-term sustainability-focused
innovation.
XPeng is one of the pioneers working to make Smart EVs
accessible to the masses. “Adherence to exemplary ESG standards in
operations is integral to our core values and culture, impacting
every decision we make,” said He Xiaopeng, Chairman & CEO of
XPeng. “As a leader in the Smart EV industry and global corporate
citizen, we take seriously our responsibility in leading the way by
modelling outstanding, integrated practices in ESG. Through our
efforts we aim to be a positive force in the development of future
mobility and the betterment of societies around the world.”
Additional achievements highlighted in the ESG Report
include:
- Significant progress on recycling and reducing emissions with
innovative technologies
- Compared with internal combustion engine vehicles, XPeng’s
Smart EVs delivered in 2020 reduced emissions by approximately
5,520 tons of CO2
- As of May 2021, XPeng achieved 100% recycling and reuse rate of
recyclable solid waste
- As of March 31, 2021, XPeng had 759 patents and 504 registered
trademarks in China and other jurisdictions
- Record level safety performance with superior product quality
and technology
- XPeng P7 became the first to receive the 5-Star rating from the
Chinese i-VISTA intelligent vehicle testing platform
- XPeng G3 and P7 received 5-Star rating with scores of 92.2% and
89.4% respectively in the C-NCAP Crash and Safety Test
- In 2020, XPeng reported no work-related fatalities or lost time
due to work-place injuries
- Continued commitment to fostering an open and inclusive culture
to attract and retain talents
- Contribution to disaster relief, poverty alleviation and
subsidy of agriculture
- Sound governance structure and protocols to ensure compliance
at all levels of the Company
To view the 2020 ESG Report, please visit the ESG section of
XPeng’s Investor Relations website. Click here for the Chinese
version and here for the English version.
For more information on MSCI ESG ratings, click here.
About XPeng Inc.
XPeng is a leading Chinese smart electric vehicle company that
designs, develops, manufactures, and markets Smart EVs that appeal
to the large and growing base of technology-savvy middle-class
consumers in China. Its mission is to drive Smart EV transformation
with technology and data, shaping the mobility experience of the
future. In order to optimize its customers’ mobility experience,
XPeng develops in-house its full-stack autonomous driving
technology and in-car intelligent operating system, as well as core
vehicle systems including powertrain and the
electrification/electronic architecture. XPeng is headquartered in
Guangzhou, China, with main offices in Beijing, Shanghai, Silicon
Valley, San Diego and Amsterdam. The Company’s Smart EVs are
manufactured at its plant in Zhaoqing, Guangdong province. For more
information, please visit https://en.xiaopeng.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the “safe harbor” provisions of the
United States Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology
such as “will,” “expects,” “anticipates,” “future,” “intends,”
“plans,” “believes,” “estimates” and similar statements. Statements
that are not historical facts, including statements about XPeng’s
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: XPeng’s
goals and strategies; XPeng’s expansion plans; XPeng’s future
business development, financial condition and results of
operations; the trends in, and size of, China’s EV market; XPeng’s
expectations regarding demand for, and market acceptance of, its
products and services; XPeng’s expectations regarding its
relationships with customers, contract manufacturers, suppliers,
third-party service providers, strategic partners and other
stakeholders; general economic and business conditions; and
assumptions underlying or related to any of the foregoing. Further
information regarding these and other risks is included in XPeng’s
filings with the SEC. All information provided in this press
release is as of the date of this press release, and XPeng does not
undertake any obligation to update any forward-looking statement,
except as required under applicable law.
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For Investor Enquiries: IR Department XPeng Inc. Email:
ir@xiaopeng.com
Jenny Cai The Piacente Group Tel: +1 212 481 2050 / +86 10 6508
0677 Email: xpeng@tpg-ir.com
For Media Enquiries: Marie Cheung XPeng Inc. Tel: +852
9750 5170 / +86 1550 7577 546 Email: mariecheung@xiaopeng.com
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