On July 28, Sinosteel Luonai successfully completed the second-party on-site ESG supply chain audit conducted by Baoshan Iron & Steel Co., Ltd. The audit panel confirmed that the company’s ESG management practices covering labor employment, occupational health & safety, environmental management, corporate governance and other dimensions fully comply with the requirements specified in Version 3.0 of Baoshan Iron & Steel Second-Party Audit Rules for Supply Chain ESG. The company scored 98 points in the comprehensive assessment and was awarded the highest rating of Grade A.

ESG audits serve as a core screening mechanism for key customers to select premium suppliers, mitigate operational risks across supply chains, and advance green and sustainable development of the full industrial chain. By standardized assessment of enterprises’ comprehensive capabilities in environmental stewardship, social responsibility and corporate governance, ESG audits act as a critical access threshold for companies to maintain long-term stable partnerships and boost core market competitiveness.

The audit panel spoke highly of Sinosteel Luonai’s achievements in ESG development. Senior management at all levels attaches great importance to system construction, consistently solidifies work on labor practices, occupational health & safety, environmental control and corporate governance, continuously optimizes self-improvement mechanisms, and actively coordinates with audit activities. The enterprise has deeply integrated ESG management philosophies into day-to-day operations.

This Grade A accreditation grants Sinosteel Luonai qualifying credentials and competitive edges for bidding on Baoshan Iron & Steel projects. Moving forward, the company will further deepen its ESG system development, uphold compliance and sustainable development principles, consolidate high-quality supply chain partnerships, burnish its corporate brand, and drive high-quality industrial transformation through advanced ESG governance.