EARTH

Committed to the innovation of green technology and advancing circular economy
Defining a new paradigm where industry and nature coexist
BOE is committed to symbiosis with the environment. The Company continuously strengthens environmental management, improves energy efficiency, and reduces emissions through continuous innovation while promoting resource circulation and pollution prevention. Through the constant development of green products and technologies, the Company explores new ways to address environmental challenges, joining hands with the value chain toward environmental sustainability to build a green ecosystem.

Climate Change

Climate Action

Environmental Governance Structure

Resource Management

Water Management

Water Resource Governance

BOE strictly complies with national and local laws and regulations regarding water resource management, water withdrawal and use permits, water conservation, and wastewater discharge. The Company continuously promotes the reduction, recycling, and efficient management of industrial water use. The Group has established water resource management systems and mechanisms to ensure the compliance and sustainability of water resource use, making water conservation and recycling a key management direction for each operating entity.

Water-Saving Target

Based on the water consumption characteristics of various products, BOE has established water-saving targets. Using 2022 as the baseline year, the Group aims to reduce average water consumption intensity per unit of production by 8% by 2030. This target covers 12 core factories, which account for 53.63% of the Group's total water consumption.
The 12 core factories include:
• 8 LCD factories: Hefei BOE Optoelectronics Technology Co., Ltd., Beijing BOE Display Technology Co., Ltd., Hefei Xinsheng Optoelectronics Technology Co., Ltd., Ordos Yuansheng Optoelectronics Co., Ltd., Chongqing BOE Optoelectronics Technology Co., Ltd., Fuzhou BOE Optoelectronics Technology Co., Ltd., Nanjing BOE Display Technology Co., Ltd., and Chengdu BOE Display Technology Co., Ltd.;
• 1 OLED factory: Chongqing BOE Display Technology Co., Ltd.;
• 3 module & assembly factories: Qingdao BOE Optoelectronics Technology Co., Ltd., Gaochuang (Suzhou) Electronics Co., Ltd., and Chongqing BOE Smart Electronics System Co., Ltd.

Water Risk Assessment

BOE has established a normalized water risk monitoring and response mechanism. The Group introduced the water risk assessment tool developed by the World Resources Institute (WRI) to systematically evaluate the water stress levels and potential risks of 18 display business operational bases. Display factory water consumption accounts for 93.94% of the Group's total water usage.

Based on the assessment results, the Group comprehensively considered each factory's water usage scale, structural distribution, and process characteristics to develop differentiated risk response plans. Key measures include strict water intake control, water-saving process upgrades, and water resource recycling, thereby enhancing operational resilience under water-scarce conditions.

This year's water risk identification and response assessment results are as follows:

Risk Level Number
of Bases
Proportion Locations
Extremely High
(>80%)
4 22% Beijing, Ordos, Qingdao, Mianyang
High
(80-40%)
8 44% Suzhou, Chengdu, Hefei
Medium-High
(40-20%)
1 6% Fuzhou
Medium-High
(20%)
5 28% Chongqing, Wuhan, Nanjing

Comprehensive Water Resources Management Measures

Building on the identification of water resource pressures and potential risks faced by operational bases, the Group has established a comprehensive water resource management system and implemented a series of integrated management measures, including advancing water-saving technology upgrades to improve water efficiency, actively exploring alternative water sources to reduce freshwater dependency, strengthening pollution prevention measures to protect the water environment, and cultivating water-saving awareness across all employees to foster a green culture, ultimately improving water resource utilization efficiency.
Category Extreme Risk High Risk Key Measures
Wastewater
Recycling
4 5 In Hefei and Chengdu factories with high water risk, implemented pure water system wastewater recycling and quality-based water supply renovation projects, including RO concentrate water recovery, backwash regeneration water recycling, and scrubber and cooling tower optimized water supply. In 2025, cumulative water savings reached 1.96 million m³‌, wastewater reduction of 750,000 m³‌, carbon emission reduction of 955 tons, and cost savings of RMB 6.12 million.
In Beijing, Ordos, Qingdao, and Mianyang factories with extremely high water risk, implemented advanced reuse renovation projects for cleaning drainage, filtered water, and cooling tower drainage recovery. In 2025, cumulative water savings reached 278,300 m³‌, effectively improving water recycling efficiency.
Water-Saving
Technology
Upgrades
0 3 In 2025, the Group planned and implemented a total of 47 water-saving projects, achieving cumulative water savings of 5.37 million m³‌ for the year. Among these, display device factories planned and implemented 43 water-saving projects with an investment of RMB 48.89 million, achieving annual water savings of 5.24 million m³‌. For example, high-risk factories in Chengdu and Hefei focused on cooling tower system optimization, implementing renovation projects such as precise make-up water control and packing replacement, achieving annual cumulative water savings of 1.17 million m³‌.
Alternative
Water Sources
1 0 In 2025, the Group continued to deepen its water management approach of conservation first and recycling. Through technology upgrades and process optimization, the proportion of recycled water in the total water usage structure was significantly increased. Recycled water usage reached 5.11 million m³‌, accounting for approximately 5.95% of the Group's total water consumption, effectively reducing dependence on fresh water sources. For example, the Beijing factory replaced tap water with recycled water for ultrapure water preparation, achieving 100% use of recycled water for production, using over 20,000 tons of recycled water daily, saving approximately 3.3 million tons annually. The Ordos factory used wastewater treatment effluent as raw water to replace municipal water, recycling treated discharge water and mixing it with externally sourced recycled water for production, with annual recycled water usage of approximately 509,000 m³‌.
Water Pollution
Prevention
0 2 Hefei, Chengdu, and Chongqing factories conducted innovative projects including phosphorus-containing and color film wastewater recycling, organic wastewater partial recycling and reuse, and acid-base wastewater recovery renovation projects. In 2025, cumulative water savings reached 1.43 million m³‌.
Water-Saving
Awareness
Cultivation
6 8 BOE actively conducted water conservation awareness and training activities to strengthen employees' water-saving consciousness. In 2025, a total of 24 water-saving training and awareness events were organized, encouraging employees to submit innovative water-saving proposals and fostering a positive culture of "everyone focuses on water conservation, everyone participates in water conservation."
The Chengdu factory established an energy conservation incentive program, guiding all employees to actively participate in water conservation across all processes. In 2025, 20 employee water-saving proposals were identified and received, including cooling tower overflow pipe modifications. 16 proposals were effectively implemented, saving a total of 71,124.5 m³‌ of water.

Chemical Management

BOE prioritizes the continuous reduction and gradual substitution of lead, mercury, cadmium and their compounds, hexavalent chromium, polybrominated biphenyls (PBB), and polybrominated diphenyl ethers (PBDE) in its electronic information products. By strictly implementing the Administrative Measures for the Restriction of the Use of Hazardous Substances in Electrical and Electronic Products, the Company ensures that all raw materials comply with national environmental regulations and systems for chemical registration, evaluation, authorization, and restriction.To further standardize the use of chemical raw materials in production, the Company established and implemented the Hazardous Chemicals Safety Management Policy and actively promotes the sourcing of substitute materials. Meanwhile, the Group established the Green Product Analysis Center to strengthen its chemical detection and identification capabilities, ensuring that all products meet applicable control standards.

Pollutant Management

BOE strictly complies with national and local laws and regulations at its operating locations and rigorously implements the Group Energy and Environmental Management Policy Centering on pollutant discharge permits, total quantity control of key pollutants, and environmental risk management, the Company continuously improves its pollution prevention and control management system, promoting whole-process linkage management of pollutant emissions and technological upgrades. From raw material and process improvements at the source to precise production control and the efficiency enhancement of end-of-pipe treatment facilities, the Company systematically advances the reduction of waste gas and wastewater pollutant emissions to continuously improve environmental performance and achieve green targets. During the Reporting Period, BOE recorded zero general or above environmental pollution incidents and faced no material administrative penalties or criminal liabilities related to pollutant emissions.

Energy Management

BOE formulated the Group Energy and Environmental Management Policy, systematically integrating energy management requirements into the entire process of planning, construction, production, and operation. The Company prioritizes continuous improvement of energy utilization efficiency, reduction of energy consumption and carbon emissions, and prevention of energy risks to ensure compliant and low-carbon operations.

Clean Technology

Amid the opportunities and challenges presented by green and sustainable development, the Company strives to build a mutually beneficial model with customers, align its development priorities with a green development roadmap to strengthen clean technology innovation.

Perovskite Technology

BOE conducts in-depth research into perovskite technology, promotes diverse application scenarios, contributes to the development of new quality productive forces, and drives transformation in the photovoltaic industry. Over the next decade, the Company will continue to advance innovation in perovskite materials and application scenarios, accelerating the green transformation of the photovoltaic industry and injecting strong momentum into new quality productive forces.

In 2025, BOE completed the full process chain from glovebox systems to pilot experimental lines and pilot production lines, achieving major breakthroughs in scaling up from small-area laboratory research to large-area industrialization. According to authoritative third-party laboratory tests, BOE’s small-area perovskite devices achieved a maximum stabilized efficiency of 27.94%. The pilot production line 2.88 m2 rigid modules achieved a power output of 579W, with a full-area efficiency of 20.11%, ranking first in the industry for large-area single-junction device efficiency. BOE’s flexible modules also set two world records, with a 21.39% efficiency on the experimental line and a 16.6% efficiency and 433W power output on the pilot production line. These achievements demonstrate that BOE’s perovskite photovoltaic module efficiency has reached a leading level in the industry.

In 2025, Hefei BOE Solar Technology Co., Ltd. accelerated the demonstration and application of perovskite photovoltaic technology. At the BOE Gen 10.5 TFT-LCD production line campus in Hefei, the Company established the “Zero-Carbon Cabin,” a comprehensive perovskite BIPV application project. The project received one of the first batches of Photovoltaic Building Evaluation Certification in China and was also awarded the “Photovoltaic & Energy Storage Applications Award” by the Asian Photovoltaic Industry Association.

Net-zero Carbon Integrated Energy Services

Building on the efforts to strengthen energy management across its own production and operations, BOE extends its energy management capabilities to typical energy-consuming scenarios, including factories, industrial parks, and commercial complexes. The Company is progressively developing multi-scenario net-zero carbon integrated energy service capabilities to drive the broader green and low-carbon transformation.

During the 15th Five-Year Plan period, the Company will continue to deepen its core businesses, including integrated wind-solar-energy storage-charging solutions, energy management and energy-saving retrofits, and net-zero carbon scenario services. It will also actively explore innovative application scenarios such as net-zero carbon industrial parks, computing-electricity coordination, and direct green power connection, while accelerating new businesses development such as EV charging stations, Vehicle-to-Grid (V2G), and virtual power plants. These services will support stakeholders across different sectors, including new energy vehicles, power and energy sector, and public institutions, advancing energy conservation and carbon reduction.

The Company will further strengthen innovation in clean technology, focusing on end-to-end scenarios across the “source–grid–load–storage–carbon–charging” value chain. It will improve technical solution capabilities, enhance the technology foundation of the Net-zero Carbon Intelligent Energy Management System (BES), and advance the digital and intelligent capabilities of its professional platforms, dedicated to providing customers with integrated energy and carbon management capabilities.

BOE has been deeply engaged in net-zero carbon integrated energy services for many years. Leveraging its independently developed BES Intelligent Energy Management System, the Company has established a collaborative business architecture, with AI technology as its core engine, net-zero carbon scenarios as practical applications, and multimedia charging stations as interactive terminals. Through an implementable net-zero carbon pathway of “decarbonization at source – carbon reduction during process – negative carbon at the end – intelligent carbon management,” BOE continues to provide customers with one-stop net-zero carbon solutions. With complementary strengths of digital technologies and energy systems, the Company drives the green transformation of industries and helps customers achieve their low-carbon targets.

Circular Economy

BOE deeply integrates circular economy principles into its operational practices and proposed an industry-leading “1 Major Cycle + 7 Minor Cycles” green development system, embedding circular economy principles throughout its operations. Through optimized management mechanisms, internal circulation of key waste liquids, and innovative packaging recycling models, the Company continuously improves resource efficiency, reduces reliance on primary resources, and drives the green and low-carbon transition of its operations.

Circular Economy Management System

Centered on the “1 Major Cycle + 7 Minor Cycles” framework for green development and circulation, BOE systematically extends its green circular management practices across three key dimensions: enterprise operations, value chain collaboration, and ecosystem development. This framework integrates the seven minor cycles—supply, R&D, manufacturing, production services, customers, consumers, and ecosystem—forming a comprehensive, resource-efficient, and sustainability-oriented development model.

Packaging Circularity & Recycled Material Application

BOE actively promotes Green Development in packaging reduction and recyclable packaging system construction by fully considering recyclable, universal, and minimalist design, while adhering to the green management philosophy of full life cycle packaging design. The Company extends its management coverage to every link, from design and material procurement to transportation and loading, connecting the entire chain through a design-recycling dual-cycle system. At the design end, continuous packaging optimization is driven by transportation monitoring and data collection feedback; at the recycling end, the Company achieves the closed-loop circulation of materials by collaborating with third-party partners to overcome recycling barriers. On this basis, BOE systematically develops and continuously optimizes green, sustainable, and environmentally friendly packaging, strictly following the “1S3R” principles: “Standard, Reduce, Replace and Recycle.” Through the application of regenerative materials, the circular utilization of production packaging, and innovative design, the Company effectively reduce resource consumption and promote sustainable development.

Waste Treatment

In the field of comprehensive waste management, the Company takes systematic control and circular utilization as the core, constructing a full-chain management system covering classification, collection, disposal, and reuse. By strengthening the standardized disposal of hazardous waste, promoting zero-landfill certification, and continuously optimizing circular utilization processes, we constantly improve waste reduction and resource recycling efficiency, achieving a dual enhancement of environmental and resource benefits.

Environmental Data & Additional Resources

As a leader in China's panel display industry, BOE is committed to becoming a world-class green company and an environmentally friendly corporate citizen by designing and building globally advanced green factories in a sustainable manner, reducing environmental impact through innovative technologies and products, utilizing new energy sources and recycling resources.
BOE continuously improves its environmental management system, strictly complies with and actively promotes the development of environmental protection standards as a way to protect BOE's energy saving and emission reduction efforts. At the same time, BOE implements the promotion of environmental protection from top to bottom to people and to every detail of production, so that the whole process can jointly promote the achievement ofenvironmental performance.