Bosiden Releases 2022/23 ESG (Environment, Society And Governance) Report

July 26, 2023, Hong Kong—— Bosideng International Holdings Limited (hereinafter referred to as "Bosideng", stock code: 03998.HK) issued 2022/23 ESG (Environmental, Social and Governance) Report (hereinafter referred to as the "Report"). The report shows that Bosiden has continued to achieve steady improvement in ESG rating. This year, MSCI Mingsheng's ESG rating was awarded "A" and CDP's climate change "B -" rating, which is the rating of China's textile and clothing enterprises currently (as of July 2023). Adhering to the original mission of "warming the world", Bosiden has continued to strengthen the construction of the ESG system, and has made continuous progress in the four major sectors of ESG management, people-oriented, product pioneer and natural improvement, demonstrating Bosiden's industry-leading sustainable development philosophy and achievements.

Note: Bosideng 2022/23 Environmental, Social and Governance Report

Gao Dekang, founder of Bosiden brand and chairman and president of Bosiden Group, said: "Bosiden firmly believes in the power of long-term principle and value creation, always fulfills the warm mission, integrates its responsibilities for employees, industry, environment and society into corporate strategy and development practice, and constantly explores the path of sustainable and high-quality development."

Multidimensional efforts to achieve industry-leading sustainable development results

As a leading down jacket enterprise in China, Bosiden's ESG rating performance continued to improve steadily. This year, Bosideng's MSCI Mingsheng ESG rating won the "A" rating and the CDP climate change "B -" rating, which is the excellent rating obtained by Chinese textile and clothing enterprises at present (as of July 2023). In addition, in fiscal year 22/23, Bosiden also won the "2022" ESG Pioneer 60 "Annual Social Responsibility Excellence Award" issued by Shanghai Newspaper Group Interface News and the "China Sustainable Fashion Influential Leader Enterprise" issued by the Fashion Transparency Innovation Center.

Note: Key achievements of Bosiden ESG in fiscal year 22/23

The report shows that Bosiden's excellent performance in the field of ESG benefits from the enterprise's penetration of ESG management into every link of strategic deployment and daily operation, and its long-term spirit. Bosideng adheres to law abiding and good governance, and pays attention to the construction of ESG governance system; Create product pioneer and polish products with professional ingenuity; Adhere to the people-oriented principle, and care about personal development and social welfare of employees; To promote the natural development, we should pay attention to the responsible purchase of raw materials, the use of renewable energy and the construction of ecological environment.

Note: Bosideng 2022/23 Environmental, Social and Governance Report

In the ESG management section, Bosiden has formulated anti-corruption policies and other management policies internally, and conducted business ethics training for all middle and senior level employees of the Group. Externally, it has realized that all suppliers have signed the Integrity Commitment, comprehensively strengthened management and governance, and helped the company develop healthily and steadily.

In the people-oriented sector, Bosiden provides employees with competitive salary and benefits and humanistic working environment, and pays attention to the personal development of employees. By the end of fiscal year 22/23, all the regular employees of Bosiden had actively participated in the training. The total training time of employees exceeded 260000 hours, providing practical help for the career development of employees and talent reserve for the long-term development of the company. At the same time, women in Bosiden's internal management accounted for more than 49%, an increase of 3.2 percentage points over the same period last year, creating a good corporate atmosphere of fairness, diversity and anti discrimination. Bosiden not only attaches importance to the well-being of employees, but also is keen on social welfare, constantly fulfills the mission of "warming the world" with actions, and actively assumes corporate social responsibility. By the end of fiscal year 22/23, Bosiden Public Welfare Foundation had donated more than 1.2 billion yuan to the society, benefiting 1.192 million people, demonstrating the responsibility of China's leading brands.

In the product pioneer segment, Bosiden has focused on down jackets for 47 years, and polished the products with professional craftsmanship. By the end of fiscal year 22/23, Bosiden had accumulated 606 patent authorizations, and a number of products had won international awards such as the ISPO Global Design Award, the Red Dot Design Award, and the Gold Award for the World's Top Ten Design Innovations, demonstrating Bosiden's brand leadership in fashion innovation and helping China's textile and clothing industry develop in a high-quality way.

In the natural positive plate, Bosideng attaches great importance to the safety, sustainability and traceability of raw materials. At present, 100% of down has passed the certification of responsible down standard RDS, and 70% down Obtain ecological textile OEKO-TEX ® Certified, 48% of down is Bluesign ® Certification helps brand products gain leading edge. At the same time, Bosiden continued to expand the utilization of renewable energy. In fiscal year 22/23, the photovoltaic power generation of the logistics park was 960 MWh, accounting for about 22% of the power consumption of the logistics park. In addition, Bosiden pays attention to climate issues and contributes to improving environmental issues. At present, the third phase of Tonggunuoergacha Ecological Shrub Carbon Zhonghe Forest Project in Alxa Left Banner, Inner Mongolia has been carried out for 60 mu, laying a good foundation for carbon neutrality in the future by the way of nature.

On the "National Low Carbon Day" on July 12 this year, Bosiden also released the group's first visual ESG video, which used the popular form of communication to review its own ESG actions, aiming to call on more like-minded ecological partners to pay attention to ESG issues and jointly promote the realization of the "double carbon" goal.

Note: To the world Bosiden ESG visual video by taking the lead

Create a global leading national brand with professionalism

Bosiden's steady progress in the ESG field is inseparable from its own solid development and leading strength. Since its establishment 47 years ago, Bosiden has adhered to the strategy of "focusing on the main channel, focusing on the main brand" after the brand entered a new stage of development, adhered to the brand led development model, continued to make efforts in products, supply chain, channels and other aspects, and constantly expanded the market scale.

Over the years, Bosiden has devoted itself to cold prevention technology, successfully developed a number of patented technologies such as nano antibacterial transformation technology and air self circulation system, and built a young, international and diversified product matrix, including Light down jacket , comfortable outdoor and other innovative series, as well as the brand new category of "windbreaker and down jacket", have won many international awards and design awards. Up to now, Bosiden has been the sales champion of the down jacket category in the Chinese market for 28 years, and the brand value has been continuously improved, achieving the leading position in the global down jacket scale. According to the Ipsos Brand Health Tracking Report, the reference rate of Bosiden brand reached 71%, which is a leading position in China's clothing industry.

At the supply chain and channel level, Bosideng It has an advanced intelligent distribution center in China's textile and clothing industry, which can supply high-quality and fast in seven days, meet consumer needs faster and more accurately, reduce inventory storage costs, and effectively control safety inventory. At the same time, Bosiden also has a leading international channel, opened a global flagship store in London, and entered more than 350 Italian buyer stores. The global layout has effectively enhanced Bosiden's international influence and helped Chinese brands move towards the middle and high end of the global brand value chain.

In the future, Bosiden will always take the goal of "world down jacket, China Bosiden, leading the new trend" as its own responsibility, constantly improve the governance level of ESG, actively perform the social responsibility of leading national brands, and show the responsibility and value of Chinese brands to the world.