A 30-Year National Brand Delivers a High-Quality ESG Report

Goneo Group has recently published its 2025 Sustainability Report.

The report strictly follows the four-pillar disclosure framework — Governance, Strategy, Impact & Risk Management, and Metrics & Targets — as required by the Shanghai Stock Exchange's Guidelines for Sustainable Development Reporting. Compiled under the PDCA management principle, the report represents a significant leap in disclosure depth compared to previous years, surpassing 100,000 Chinese characters — not through volume alone, but through substance. This year, Goneo Group has delivered measurable progress across every dimension of ESG, standing up to line-by-line scrutiny.

Founded in 1995, Goneo Group has spent three decades establishing itself as a global leader in the civilian electrical industry. On the product side, four core categories — power strips, wall switches and sockets, EV charging piles, and charging guns — all rank #1 in sales on Tmall. On the business side, its energy storage brand GONEO has entered the European market, while its AI smart lighting system, powered by the MOSGPT large language model, continues to expand the product frontier.

In the capital markets, Goneo Group is a constituent of the SSE 180 Index and has received recognition from major rating agencies, including MSCI ESG Rating A, Wind ESG Rating AA, and an S&P CSA score of 51, placing it among the Top 9 Chinese companies in the electrical components and equipment sector. High-quality ESG disclosure has been a key foundation for Goneo Group's continued appeal to institutional investors.

This year, Carbonstop provided end-to-end ESG services to Goneo Group, covering four modules: report writing, carbon inventory, Scope 3 calculation, and rating improvement strategy — all delivered by a professional team as a fully integrated, one-stop solution.

Report Highlight 1: Governance Takes Root — ESG Closed-Loop Management Fully Upgraded

The defining feature of Goneo Group's ESG governance system is full penetration from the top down to operational endpoints. The Group has established an ESG Committee chaired by the Chairman, working in coordination with a Business Ethics Committee and an Employee Care Committee — forming a three-committee integrated governance structure. ESG performance is directly linked to management compensation; both the signing rate of responsibility agreements among core departments and task completion rates reached 100%, anchoring ESG objectives firmly at the operational level.

This year, Goneo Group also advanced the development of an internal ESG audit system, built around four core topics: energy and carbon management, hazardous substances in products, employee rights, and sustainable supply chains. A quantitative scoring mechanism was established, running "process management" and "outcome accountability" in parallel — converting stakeholder concerns into routine internal audit indicators and providing measurable, traceable management evidence to meet regulatory and rating review requirements.

Report Highlight 2: Green Factories, Clean Energy, and Circular Manufacturing — Officially Recognized

Goneo Group's green manufacturing credentials carry both national and provincial endorsement: the Group holds two national-level Green Factory certifications and one provincial-level certification. In 2025, it was recognized as an Excellence-Level Smart Factory and selected for Zhejiang Province's "Zero-Waste Enterprise" priority cultivation list. Renewable electricity consumption reached 11.31%, up 3.4 percentage points year-on-year — demonstrating green manufacturing capabilities recognized at multiple official levels.

Report Highlight 3: Sustainable Supply Chain — Responsibility Extended to the Source

Goneo Group implements ESG management across its entire supply chain. Both the integrity agreement signing rate and the conflict minerals declaration signing rate among suppliers reached 100%. All suppliers passed green procurement standard reviews, and product raw materials fully comply with international environmental standards including the EU REACH Regulation and RoHS Directive. This year, Goneo Group advanced its "Green Chain" initiative, driving green supplier capability building through a "select, develop, retain" mechanism, strengthening upstream risk prevention and control.

Report Highlight 4: Employee Care and Social Contribution — Every Investment Accounted For

Employee satisfaction scores reached an all-time high of 91.55 points. The injury rate per million working hours fell 25% year-on-year. Total social and charitable contributions during the reporting period exceeded RMB 31.97 million, with rural revitalization initiatives benefiting approximately 115,900 people — translating corporate social responsibility into concrete action.

Report Highlight 5: International Award Recognition — Goneo Group's Innovation Seen by the World

In 2025, Goneo Group won numerous prestigious international awards, including the German Red Dot Award, iF Design Award, U.S. CES Innovation Award, and Italy's IIDA Design Award. Its 400kW heavy-duty truck charging pile became the first in the industry to receive the "Level 1 Energy Efficiency Certification for Electric Vehicle Supply Equipment" — with its innovation capabilities recognized by global markets.

What Did Professional Services Get Right Behind a High-Quality Report?

When an ESG report evolves from a compliance exercise into a statement of value, the depth of professional advisor involvement determines how far that report can go. Carbonstop's engagement with Goneo Group addresses five key dimensions:

1. Four Modules in Parallel — True One-Stop Delivery

The engagement covered report writing, carbon inventory, Scope 3 calculation, and rating improvement strategy, all advanced simultaneously by Carbonstop's professional team. By breaking down cross-module data silos and eliminating the need for clients to manage multiple service providers, this approach delivers a genuinely integrated experience that significantly reduces coordination costs.

2. Full Evidence-Chain Methodology — Making Real Work Visible

Carbonstop adheres to a "full evidence-chain" disclosure principle, working closely with Goneo Group's EHS, HR, procurement, and other business departments to drive the value conversion from "work being done" to "disclosure being recognized." This effectively guards against greenwashing risks and ensures the report withstands line-by-line scrutiny from regulators and rating agencies.

3. AI-Powered Efficiency — Elevated Carbon Accounting Precision

The carbon inventory uses Carbonstop's industry-recognized CCDB emission factor database as the core data source, shifting from estimation-based to scientifically grounded calculations. In the factor-matching process, AI-powered intelligent matching tools were introduced for the first time, integrating directly with the factor database to upgrade traditional manual item-by-item lookup to algorithm-driven, near-instant intelligent association — dramatically improving matching efficiency while significantly reducing the risk of human error or omission. Whenever clients updated activity data, Carbonstop responded rapidly with real-time recalculations, ensuring carbon accounting results remained continuously aligned with actual operations.

4. Strategy-Driven Topic Analysis — Supporting Meaningful Rating Improvement

Based on Goneo Group's operational profile and industry context, each ESG topic was rigorously assessed for financial materiality, with major risk levels clearly identified — avoiding the common pitfall of reports that cover everything but prioritize nothing. The SSE four-pillar framework was used as the structural backbone, ensuring logical clarity and internal consistency, and providing rating agencies with a clear, auditable information pathway. This approach helped Goneo Group translate solid ESG practices into high-quality disclosures that hold up to professional review.

5. PDCA Throughout — High-Frequency Responsiveness to Safeguard Milestones

The PDCA management principle (Plan–Do–Check–Act) guided every stage of the project, ensuring that each topic had defined objectives, execution, tracking, and closure. Throughout the project cycle, the team maintained high-frequency communication with the client, holding regular working sessions to promptly incorporate feedback from management, business departments, EHS, and HR at every level — completing iterative revisions in short turnaround cycles.

ESG Disclosure: From Compliance Floor to Competitive Asset

The value of an ESG report has never been simply about completing a document. It is an essential channel through which companies communicate to capital markets, regulators, and stakeholders: "We are doing this seriously."

Carbonstop's mission is not to make ESG reports look polished — it is to present what companies have genuinely done in a professional, credible, and audit-ready manner. That is the true value of ESG disclosure.

If your organization is looking for professional support in sustainability reporting, carbon inventory, or ESG rating improvement, we welcome you to reach out.

Carbonstop — Making every act of responsibility visible.

*All data and information pertaining to Goneo Group referenced in this article are sourced from the official public release of Goneo Group Co., Ltd.'s 2025 Sustainability Report.