Fulfilling Corporate Social Responsibilities and Injecting Digital Intelligence into Sustainable Development
SHENZHEN, China , June 17, 2022 /CNW/ -- ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the mobile internet, today has released its 2021 sustainability report across the globe.
The report shows that ZTE, following the strategic positioning of "driver of the digital economy", proactively fulfilled its corporate social responsibilities in 2021. With the active implement of sustainable development in areas, such as operational governance, compliance management, talent development, innovation empowerment, openness and transparency, green development, and community contribution, the company creates shared value for stakeholders and society.
ZTE has annually released its sustainability reports for 14 consecutive years since 2009.
Keeping continuous independent innovation and industrial digital intelligence development, and fulfilling corporate social responsibilities
The uncertainties brought by the complex global situation, the lingering COVID-19 pandemic, population aging, and ecological degradation in 2021 are imposing greater challenges to sustainable development. In this process, digital and intelligent transformation based on new information technologies is playing an irreplaceable role, promoting the development of telecommuting, online collaboration, distance learning, telemedicine, smart factories, unmanned mining, and smart ports.
"Digital and intelligent transformation has equipped our society with the 'immunity' to uncertainties, guaranteeing economic growth and sustainable development", said Xu Ziyang, President of ZTE Corporation. "As a major player and contributor dedicated to the ICT industry for 37 years, ZTE keeps making innovations and breakthroughs, and is always willing to embrace changes. In this way, the company continuously expands its capabilities and business in terms of digital and intelligent technologies, and brings about infinite possibilities for digital and intelligent applications."
According to the report, in order to follow the strategic positioning of "driver of the digital economy", ZTE always takes technological innovation as the top driving force of its development and adheres to building stronger core competence. The company has established several state-of-the-art global R&D centers. To further foster innovation, ZTE keeps investing in core areas such as 5G wireless technology, core networks, transport networks, access networks, and chipsets, with the R&D investment accounting for over 10% of the company's revenue for years.
By December 31, 2021 , ZTE had filed more than 84,000 global patent applications, with over 42,000 granted, among which the number of chipset patent applications and granted chipset patents reached 4,572 and 1,990 respectively. According to a report published in November 2021 by IPLytics, a leading patent data company, ZTE ranked fourth in the world in the number of 5G Standards-Essential Patents (SEP) declarations disclosed to the European Telecommunication Standards Institute (ETSI).
In the era of digital economy full of business uncertainties, ZTE is always committed to achieving high-quality growth together with the communications industry, verticals, and society by means of efficient collaboration in an open and transparent manner. By participating in the co-construction of a digital and intelligent ecosystem, ZTE strives to accelerate the digital and intelligent transformation of the whole society.
By engaging deeper into verticals, ZTE provides scenario-based solutions that truly create value for verticals through modular components. The company has established partnerships with over 500 global partners, with whom we have explored nearly 100 innovative 5G application scenarios for factories in Thailand , ports in Belgium , farms in Austria , as well as industry, transportation, power, environmental protection, and many other verticals in China .
Reinforcing internal management and pursuing high-quality growth
The year 2021 was crucial for the growth phase defined in ZTE's three-phase strategy. ZTE adhered to technological leadership and achieved high-quality growth, laying a solid foundation for its steady stride into the expansion phase and toward its goal of becoming a world's top 500 company.
Xie Junshi, Executive Vice President and Chief Operating Officer at ZTE, said, "Under these circumstances, ZTE has maintained stable operations, as we are committed to high-quality sustainable growth. We make continuous efforts to consolidate our three cornerstones, namely, compliance, internal control, and talent."
Upholding compliance and integrity in operations, ZTE has incorporated compliance requirements into the company's business processes, thereby building a best-in-class compliance management system that is aligned with the company's business practices. In this way, the company strives to achieve sustainable development together with its customers, suppliers, and other business partners around the world.
As for internal control and corporate governance, by using digital tools, ZTE has established a relatively complete system for risk management and internal control, and constantly improved the Business Continuity Management (BCM) system. With these efforts, the company has effectively enhanced operational continuity, improved turnover efficiency, and reduced operational risks.
Regarding talent development, ZTE keeps attracting and motivating core talent. For example, since its launch in 2014, the Blue Sword Program has been cultivating future leaders for the company, as evidenced by the first trainees who have been playing leading roles in the company. In 2021, ZTE stepped up efforts in campus recruitment, offering over 6,000 positions in fields like R&D, marketing, operation support, and supply chain to excellent graduates worldwide.
Securing customers' trust with openness and transparency and creating a win-win cooperation ecology
ZTE is committed to providing customers with secure and trustworthy products and services, and ensuring the security of communications network equipment, to promote digital transformation.
In 2021, ZTE obtained the certification of ISO 9001, TL 9000, QC 080000, ESD, ISO 45001, ISO 14001, and ISO 22301 management systems, covering the company's major R&D centers and manufacturing bases and 62 main product categories. In the same year, ZTE shortened its Mean Time to Repair (MTTR) by 29.5% compared with that in 2020. Moreover, the company offered remote customer support and spare parts services in 65 countries, with the customer satisfaction rate exceeding 99%.
For win-win partnership, ZTE has updated the Supplier CSR Agreement and Supplier CSR Code of Conduct to guarantee the responsible and sustainable development of its partners across the value chain. In addition, ZTE has released the Conflict Minerals Report based on the due diligence and assessment of 255 suppliers. In the future, due diligence and assessment on conflict minerals will cover all of its suppliers.
Taking green development into practice and leading the digital way to carbon neutrality
Facing the challenges brought by low-carbon transformation, ZTE paves a green path to digital economy by promoting green operations, green supply chain, and green digital infrastructure, and empowering the green development of industries, thereby facilitating the sustainable development of operators and verticals. Working with its partners, ZTE continues to explore innovative and green 5G applications with over 60 exemplary projects delivered worldwide, with the goal to realize carbon peak carbon neutrality ahead of 2030 and before 2060, respectively.
In 2021, ZTE started the company-level dual-carbon strategic project and completed the establishment and capability improvement of the dual-carbon strategic team, and more than 170 team members participated in the training in the ISO 14064 and Science-Based Targets initiative.
ZTE maintained CDP B rating for actions on climate change and supplier engagement. According to the data disclosed on CDP website, more than 40 leading suppliers in ZTE's supply chain established decarbonization strategies.
As for office operations, ZTE has launched nine energy-saving projects in China , saving 21.56 million kWh of electricity annually. ZTE reduced the use of packaging materials by 689.1 tons through the design of packaging weight reduction.
By 2021, ZTE had established 140 recycling sites worldwide. In China , the company optimized 4 centralized waste recycling and processing platforms and conducted in-depth cooperation with more than 10 leading environmental protection institutions in the industry, reaching the overall recycling rate of 97%. Through long-term in-depth cooperation with more than 150 environmental protection institutions overseas, ZTE ensured that the recycling business met the local environmental protection requirements of different countries, and achieved the overall recycling rate of 98%.
ZTE's PowerMaster hybrid power solution won the award of 2021 Technological Innovation Solution for Carbon Peak and Neutrality and High-Quality Development by China Energy News.
Adhering to tech for social good, and actively contributing to global communities
While pursuing business development, ZTE also takes an active part in public welfare activities. Centering on recipients and their real needs, ZTE focuses on educational development, medical assistance, vulnerable population assistance, rural vitalization, and environmental protection, and ensures that all public welfare projects effectively respond to recipients' needs and achieve expected social benefits. ZTE constantly fulfills its CSR through donations and technological empowerment.
In 2021, ZTE Foundation donated CNY 13.17 million and organized 220 public welfare activities, benefiting a total of 12,000 people, and also launched a brand-new volunteer service system called "ZTE Volunteer" and set up 15 volunteer branches worldwide with over 5,600 volunteers by far, representing a year-on-year growth of 76% in terms of the number of volunteers.
In the future, ZTE will continuously conduct digital operations, build a resilient organization, and contribute to the implementation of the dual-carbon strategy for sustainable growth. As a faithful driver of the digital economy, the company is committed to fulfilling its CSRs and working with employees and partners for win-win success in harmony with the environment, to build a promising future and explore more opportunities amid the rising tide of digitalization.
For the full version of ZTE 2021 Sustainability Report, please download via the link below.
https://res-www.zte.com.cn/mediares/zte/Files/PDF/white_book/2021_ZTE_EN.pdf
Media Contacts: Margaret Ma ZTE Corporation Tel: +86 755 26775189 Email: ma.gaili@zte.com.cn
View original content to download multimedia:https://www.prnewswire.com/news-releases/zte-releases-2021-sustainability-report-301570156.html
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2022/17/c4141.html
(Bloomberg) -- China continued to snap up Russian energy products last month, including a record quantity of crude oil, lifting purchases to $7.47 billion -- about $1 billion more than April and double the amount of a year ago.Most Read from BloombergPutin May Win in Ukraine, But the Real War Is Just StartingPutin Gets Unexpected Pushback From Ally Over War in UkraineGiant Cruise Ship’s Maiden Voyage May Be to a ScrapyardHousing’s Slowdown Has Economy on the EdgeBitcoin, Ether Bounce Off Lows Af
(Bloomberg) -- As gasoline prices soar and the US considers invoking Cold War-era laws to boost production, there’s a massive pool of oil refining capacity on the other side of the Pacific Ocean that’s sitting idle. Most Read from BloombergPutin May Win in Ukraine, But the Real War Is Just StartingPutin Gets Unexpected Pushback From Ally Over War in UkraineGiant Cruise Ship’s Maiden Voyage May Be to a ScrapyardHousing’s Slowdown Has Economy on the EdgeBitcoin, Ether Bounce Off Lows After Record-
Bitcoin’s price recovered above the US$20,000 mark Monday morning in Asia after falling to as low as US$17,708 on Sunday — its lowest point since December 2020 — according to CoinMarketCap. See related article: Bitcoin, Ether recover as Fed guidance reduces policy uncertainty Fast facts The world’s largest cryptocurrency gained more than 7% in the […]
From Sam Bankman-Fried to Mark Cuban, the biggest names in crypto highlight what’s next for the space. “People are watching and waiting to see if something else will topple,” Dexterity Capital’s Michael Safai says.
Shares of Chevron (NYSE: CVX) fell 15.4% this week compared to where they closed out last Friday, according to data from S&P Global Market Intelligence, as economic decline looks increasingly likely. The price of a barrel of oil plunged Friday as recessionary fears grew, outweighing the concerns over supplies from global geopolitical hostilities. The price for West Texas Intermediate crude, Brent, and natural gas all tumbled around 5% for the day for July contracts.
The global boom in oil prices has been great for oil companies, but oilfield service companies haven’t quite kept up with the rush
(Bloomberg) -- A shortage of popular food items from popcorn to sriracha is hitting restaurants and grocery shelves this summer, a sign that the world’s immense supply chains are still under pressure. Most Read from BloombergPutin Gets Unexpected Pushback From Ally Over War in UkrainePutin May Win in Ukraine, But the Real War Is Just StartingBitcoin, Ether Bounce Off Lows After Record-Breaking RoutFed’s Inflation Battle to Strip Workers of Rare Bargaining PowerGiant Cruise Ship’s Maiden Voyage M
Iran's relationship with the crypto mining sector is a love-hate one. The government is again restricting crypto mining activity as it tries to ease the strain on the country's power supply, despite knowing the promise of crypto as a way to evade international sanctions. Electricity to all 118 government-authorized mining operators in Iran will be cut off from June 22 ahead of seasonal spikes in power demand, Mostafa Rajabi Mashhadi, spokesman for Iran's power industry said in an interview with state TV, per a Bloomberg report.
LONDON (Reuters) -French food giant Danone is cutting the variety of products it sells to retailers to reduce costs, a top executive told Reuters, meaning yoghurt fans may in future miss out on the exact flavour or pot-size they're used to. Supermarkets and the makers of packaged food are struggling to combat rising costs, with products ranging from crude oil to paper packaging becoming more expensive due to a protracted pandemic-led shipping crunch and Russia's invasion of Ukraine. Those factors are prompting one of the world's top food manufacturers to rethink how it sells its best-selling products which range from Activia yoghurt and Evian water.
Despite strong selling conditions in the used car industry, CarMax (NYSE: KMX) has failed to impress investors lately. Part of the problem is that the used car giant is prioritizing market share gains over earnings right now. Wall Street had been hoping that CarMax instead would capitalize on soaring industry prices to raise its profitability.
Public Bitcoin miners are selling more of the asset to cover their costs resulting in a weekend rout that pushed crypto markets to their lowest levels since January 2021.
DOHA (Reuters) -A sharp bounce-back in air travel from the pandemic will allow global airlines to narrow losses this year and possibly claw their way back to profit in 2023, an industry body said as it upgraded widely watched forecasts on Monday. Global airlines are now expected to post a $9.7 billion loss in 2022, in a sharp improvement from a revised $42.1 billion loss in 2021, the International Air Transport Association said. Last year's losses also improve on an earlier forecast of $52 billion, though airlines meeting in Qatar bave been warned high oil prices and inflation risk denting the fragile recovery.
SINGAPORE (Reuters) -Oil prices rose on Monday in volatile trade, reversing earlier losses, as tightening supplies outweighed concerns about slowing global economic growth and fuel demand. Oil from Russia, the world's second-largest exporter, remains out of reach to most countries because of Western sanctions over Moscow's invasion of Ukraine, actions that Russia calls a "special operation". Libya's oil production has remained volatile following blockades by groups in the country's east.
The advent of companies like DoorDash and UberEats has revolutionized the way we dine. The massive increase in gas prices has had a not-unexpected impact on delivery services in the form of a new gas surcharge. My recent UberEats order charged just $0.45 for its "temporary fuel surcharge."
(Bloomberg) -- Eni SpA became the second foreign firm to win a stake in a $29 billion project that will expand Qatar’s production of liquefied natural gas as the energy crisis in Europe escalates and prices climb.Most Read from BloombergPutin May Win in Ukraine, But the Real War Is Just StartingPutin Gets Unexpected Pushback From Ally Over War in UkraineGiant Cruise Ship’s Maiden Voyage May Be to a ScrapyardBitcoin, Ether Bounce Off Lows After Record-Breaking RoutHousing’s Slowdown Has Economy o
The ban on Russian oil imports has sent the global energy market into chaos, but Argentina’s Dead Cow shale patch is ready to capitalize on high prices
Rio Tinto, BHP and other big miners are giving priority to investor payouts instead of funding for new projects.
HSBC Bank Oman said on Sunday it would hold preliminary talks with local rival Sohar International Bank after the latter last week held out the possibility of a cash-and-shares deal to merge the two lenders. In a statement the unit of UK-based HSBC Holdings said it had considered the letter of intent it received from Sohar and had agreed to engage in preliminary discussions to obtain more information on the possible offer. "If the parties agree to proceed with the merger, it will be subject to various conditions including ... approval of the relevant regulatory authorities and of the shareholders at the extraordinary general assembly of each bank," it added.
Germany is to reopen mothballed coal power plants to combat high gas prices, piling pressure on Boris Johnson to cut taxes on household energy bills.
Costco (NASDAQ: COST) offers a balm for consumers stung by the pain at the pump, with low prices and loss leaders on many consumer staples as well as membership benefits unavailable from many other wholesale competitors. Costco tempts shoppers to visit, or even drive out of their way, for average savings of up to $0.37 per gallon, which can add up quickly over time. Once they've arrived, shoppers can drop in for $1.50 hot dogs and drinks, $10 pizzas, and $4.99 rotisserie chickens, and maybe pick up additional consumer staples along the way.