Recently, the authoritative rating agency Wind released its latest ESG ratings for 2025. Nanshan Aluminium International Holdings Limited (Stock Code: 2610.HK) (hereinafter referred to as " Nanshan Aluminium International ") achieved a Grade A rating for the first time, recognizing its outstanding performance in environmental protection, social responsibility, and corporate governance, and placing it among the leading companies in sustainable development within the aluminium industry.

The Wind ESG rating system is a localized indicator framework that draws on mainstream international ESG standards while incorporating the development characteristics, regulatory policies, and ESG practices of China's capital market.

The Wind ESG rating system focuses on three core dimensions—environmental performance, social responsibility, and corporate governance—covering hundreds of detailed indicators to comprehensively assess a company's sustainable development capabilities. Based on the ESG risks and opportunities specific to the industry and the company's performance relative to peers, the system assigns ratings ranging from AAA to CCC.

Under the Wind ESG rating system, companies awarded a Grade A are defined as having "relatively high management standards, low ESG risks, and strong sustainable development capabilities."

Since its successful listing on the capital market in March 2025, Nanshan Aluminium International has secured its first Grade A rating. This achievement serves as authoritative recognition of the company's excellence in ESG and reflects the capital market's strong endorsement of its sustainable development strategy. This rating will not only strengthen investor confidence but also enhance the company's brand influence and long-term investment appeal in the capital market.

Industry Rating Distribution (Other Metals & Mining)

Outstanding Industry Performance: Among the 188 listed companies in the Other Metals & Mining sector, only the top 24.5% (approximately 46 companies) meet or exceed the industry's leading ESG standards. Nanshan Aluminum International has secured a place in this elite group thanks to its exceptional overall performance.

Industry Score Comparison (Other Metals & Mining)

Leading Key Indicators: The industry score comparison shows that Nanshan Aluminum International performs particularly well in the Environmental (E) and Governance (G) dimensions, surpassing the industry average and demonstrating its exemplary status in environmental protection and corporate governance.

2024 ESG Highlights of Nanshan Aluminium International

Sustainable Supply Chain

Nanshan Aluminium International innovatively integrated the Aluminum Stewardship Initiative (ASI) international sustainable aluminum standards into regular management, incorporating ESG criteria such as the management and control of conflict minerals and carbon footprint traceability into the provisions of supplier admission. Through these compliance reviews, we ensure raw materials traceability aligns with the Company’s regulations. We also require relevant suppliers to sign the Letter of Undertaking for ASI Social Responsibility and comply with provisions in respect of product quality, environmental protection, health and safety, business ethics, human rights, etc.

Responding Climate Change

After a systematic assessment and in-depth analysis, we further evaluated the impacts of risks and opportunities associated with climate change on our operations. Through auditing the greenhouse gas, we gained a clear understanding of the current status of our greenhouse gas management. We then implemented carbon reduction measures according to our low-carbon development plan to better address risks and seize climate-related opportunities. Nanshan Aluminium International has established three strategic paths to address climate change, namely, integrating energy-saving and emission-reduction measures into manufacturing and operational processes, energy recycling, and using renewable energy to replace fossil energy.

l  Energy saving and consumption reduction:

Improve energy efficiency through process optimization, equipment upgrades and facility retrofits.

l  Energy recycling:

Minimizing energy waste by recycling waste heat and gradient utilization.

l  Replaced with renewable energy:

Developing clean energy projects to gradually reduce reliance on fossil fuels and promote a low-carbon transition.

Process optimization

We continuously improve energy efficiency and reduce energy consumption through process optimization, equipment upgrades, facility replacement and renovations. We have implemented a process improvement project of flashing discharge through evaporation of alumina liquid with a view to improve thermal efficiency of the evaporation process and reduce steam consumption. In addition, our self-generation power plant has increased the amount of blending combustion through a blending combustion process of coal gas and fly ash to reduce coal consumption.

Energy recycling

We reduced losses and waste throughout the entire process of energy production, consumption and utilization. We improved energy efficiency and rationally utilize energy to reduce GHG emissions. As an important way to save and efficiently utilize energy in the aluminium industry, we effectively saved steam through the efficient usage of gradient recovery of waste heat from alumina calcination furnaces.

Utilization of clean energy

Adopting renewable energy is a critical step in Nanshan Aluminium International's low-carbon transition. In 2024, the company actively supported the industrial park's green energy development plan, leveraging local power plants' peak-shaving capabilities and solar resources to formulate a clean energy construction strategy. Moving forward, the company will utilize approximately 30 hectares of usable area for photovoltaic installation, optimizing the energy mix in coordination with existing power plants. Nanshan Aluminium International will closely align with the park's renewable energy deployment to gradually increase green power usage and achieve its low-carbon transition goals.

Setting "Dual Carbon" Goals

Nanshan Aluminium International fully understands that low-carbon transformation has become the only way which must be passed for the manufacturing industry to achieve sustainable development. In response to the Group’s overall dual-carbon targets, and based on an in-depth analysis of the Company’s overall emission status and extensive professional opinions, we have formulated Nanshan Aluminium International’s energy efficiency targets and continuously monitored the progress towards these targets.

Group’s Targets: achieve carbon peak by 2030 and carbon Neutrality by 2050.

Energy efficiency Targets: By 2025, total production energy consumption per ton of products will not exceed 0.6 tons of standard coal.

Harmonious Ecology

In order to address risks associated with sustainable development, the Company set short-term, medium and long-term environmental targets and carried out relevant performance appraisals. The appraisal results will be pegged with the performance-based pay of the senior management.

Exhaust emission targets:

l  By 2025, the intensity of SOX will decrease by 50% compared with the base year 2022 (4.48 kg/tons of products).

l  By 2025, the intensity of NOX will decrease by 15% compared with the base year 2022 (1.18 kg/tons of products).

l  By 2025, the intensity of particulate matter will decrease by 50% compared with the base year 2022 (0.1 kg/tons of products).

Solid waste targets:

l  100% compliant disposal of solid.

l  By 2025, the intensity of solid waste will decrease by 2% compared with the base year 2022 (1.16 tons/tons of products).

Wastewater treatment targets:

l  100% of industrial wastewater will be recycled back into the production system.

l  100% of domestic wastewater will be discharged in compliance with standards.

l  By 2025, the intensity of wastewater will not increase compared with the base year 2023 (0.04 m3/tons of products).

Production Safety

Nanshan Aluminium International regards production safety as the lifeline and bottom line of enterprise development. Built on a perfect safety management system, the Company constructs a multi-layered defense system for production safety through effective health and safety management, safety risk prevention and control, and safety culture promotion, thereby safeguarding the physical and psychological health of all employees.

In 2024, Nanshan Aluminium International obtained ISO 45001 Occupational Health and Safety Management System Certification.

To further improve the management efficiency, the Company includes the safety performance into the performance indicators of the senior management to ensure the realisation of the Company’s safety management targets.

Key Safety Performance Targets:

l  No serious injury or fatal accidents.

l  No liability-related equipment or production accidents.

l  Timely rectification rate of identified potential safety hazards reached 100%.

l  Qualification rate of safety training and education at all levels reached 100%.

About the Company

Nanshan Aluminium International Holdings Limited (Stock Code: 2610.HK) is a leading alumina manufacturer in Southeast Asia, specializing in the R&D, production, and sales of  premium-grade alumina. As a controlled subsidiary (59.96% indirect stake) of A-share listed enterprise Shandong Nanshan Aluminium Co., Ltd. (Stock Code: 600219.SH), the company leverages its strategic presence in Indonesia to establish a highly efficient, technologically advanced, and cost-competitive modern alumina supply chain in Southeast Asia.