中国北方稀土（集团）高科技股份有限公司 2024年环境、社会及治理报告

China Northern Rare Earth (Group) High-Tech Co., Ltd. Address: 83 Huanghe Rd, Baotou Rare Earth High-Tech IndustrialDevelopment Zone, Baotou, Inner Mongolia Autonomous Region About this Report Abbreviations and Glossary Unless otherwise indicated in the context, the terms used shall have the following meanings in this report: Message from the Chairman In 2024, the People’s Republic of China celebrated its 75th anniversary, marking a pivotal year forNorthern Rare Earth. During this time, we effectively implemented the directives of General Secretary XiJinping during his inspection of Inner Mongolia by assuming primary responsibility for the developmentof the Two Rare Earth Bases. This year was also critical for executing our 14th Five-Year Plan. Liu Peixun Secretary of the Party Committee Over the past year, we have made new achievements in leading the low-carbon and green development.Underpinned by sustainableprinciples, we have completed and operationalized the first phase of our next-generation green mining, beneficiation, and smelting upgrade projectfor rare earths. As a frontrunner in the industry, we conducted the first comprehensive self-examination for greenhouse gas emissions of industrial-chain, and built the inaugural carbon accounting platform in the rare earth sector. This initiative has enhanced our precise carbon management Over the past year, we have made progress in lawful, compliant, and honest operations.We remained committed to advancing our State-Owned Enterprise (SOE) reform. We have optimized our corporate governance and enhanced standardized practices, thereby modernizing ourmanagement efficiency. By prioritizing efficiency, profitability, and compliance, we have successfully implemented institutional reforms throughmanagement innovation, lean practices, and comprehensive performance evaluations. By means of the refinement of our governance structuresand institutional mechanisms, we have significantly heightened the effectiveness and performance of all governing entities. In our commitment to Over the past year, we have seen new advancements in shared development of a harmonious enterprise.We unequivocally demonstratedour commitment to national priorities while fulfilling our foundational mission. Operating under the guiding principles of innovation-driven growth,collaborative engagement, and people-centered development, we have made substantial progress across supply and industrial chains whileproactively addressing our social responsibilities. In strict accordance with national rare earth industry strategies, we have rigorously implementedstate-mandated production quotas. This approach has ensured a stable supply of high-quality products and services, thereby reinforcing market Where the heart desires, one can indeed advance.By pursuing our ambitions with unwavering resolve, we are poised to transform our aspirationsinto reality. Looking ahead, we will steadfastly adhere to the principles of Xi Jinping Thought on Socialism with Chinese Characteristics for a NewEra. We will ground our initiatives in a comprehensive understanding of the broader socio-economic landscape while systematically planning theevolution of our industry. Our strategic focus entails accelerating the development of new quality productive forces while continuously enhancing Contents 0105About this ReportMessage from the Chairman Quality Leadership for Social Responsibility Governance Governance EffectivenessCompliant Operations3537 Rural Revitalization Support 8185Product QualitySafety Bottom Line [ Topic ]The Innovation and Intelligence Engine Green Transition People Centered 28Strategic Navigation: New Chapter inHigh-Quality Development OutlookAppendix I: Index of Indicators 109112Rights and Interests of EmployeesEmployee Development 5559Ecological Environment ManagementClimate Change About Northern Rare Earth Currently, the Company possesses nine state-level scientific and technological innovation platforms, including the State KeyLaboratory for Research and Comprehensive Utilization of Baiyun Obo Rare Earth Resources, the National Innovation Center forRare Earth Functional Materials, the National Technical Standard Innovation Base (Rare Earth), and the Rare Earth New MaterialTesting and Evaluation Platform (Rare Earth Industry Center). Notably, the Rare Earth New Material Testing and Evaluation Company Profile China Northern Rare Earth (Group) High-Tech Co., Ltd. was established in 1961 andoperates as a subsidiary of Baogang (Group) Co., Ltd. Notably, in 1997, it was listed onthe Shanghai Stock Exchange (SSE), recognized as China’s Premier Rare Earth Stock.In 2015,Northern Rare Earth took the lead in establising the nation's first rare earthgroup, successfully instituting centralized and unified management of light rare earth Key Performance Number of Branchesand Subsidiaries42 Employees over9,000 Utilizing the distinct resource advantages inherent to the Baiyun Obo Mine, Nor