Message from the Chairman of the Board
On behalf of the board of directors, I would like to present to you the 2022 Environmental, Social and Governance Report of JS Global Lifestyle Company Limited, which demonstrates our efforts in undertaking environmental and social responsibilities and building a sustainable business and society.
Looking back at 2022, uncertainties such as inflation, the energy crisis and recurrent outbreaks of COVID-19 have impacted the global market, destabilized global supply chain and raised consumers’ concerns about the future economic environment everywhere, which in turn has affected their spending behaviors. JS Global Lifestyle tackled these challenges proactively, strengthened its three core competencies, enhanced its supply chain partnerships and insisted on its two-prong approach, i.e. cutting-edge technologies and influential brands, to consolidate its leading position in the market despite the difficulties. In particular, SharkNinja has maintained its market leadership and continued expansion in the United States and the United Kingdom, while Joyoung has been enjoying the biggest market share in several ground-breaking product categories for years. I would regard such a brilliant performance a perfect fulfillment of our corporate mission known as “To positively impact the quality of daily lives of families around the world through transformational, innovative and design-driven smart home products”.
Over the past year, our commitment to ESG has been recognized by a number of professional institutions. For instance, JS Global Lifestyle scored 56 in 2022 in S&P CSA ESG rating, a sharp increase from 45 in 2021, ranking 5th in the household durables industry and outperforming 94% of its peers; besides, it has been awarded A in the Hang Seng Sustainability Rating, outperforming 80% of its peers, and selected as a constituent of the Hang Seng Corporate Sustainability Benchmark Index, and its FTSE Russell ESG Rating has also improved significantly to surpass the industry average level. In addition, we were ranked 3rd among industry peers in the “Best ESG” election organized by the Institutional Investor, a globally renowned financial magazine. These achievements represent public recognition of JS Global Lifestyle’s improved ESG management performance and our commitment to the original aspiration.
JS Global Lifestyle constantly improves its corporate governance standards, communicates with stakeholders promptly and incorporates their valuable suggestions into its code of conduct to optimize the Company’s practices. We endeavor to create a corruption-free and healthy corporate atmosphere by adopting systematic measures to strengthen our management based on business ethics, setting stringent requirements for our employees, suppliers and other partners, and conducting integrity training. We are people-oriented, always caring for the interests of our employees, listening to their opinions and addressing their reasonable requests actively, thereby helping them to grow and realize their values in the workplace.
As a responsible corporate citizen, we strictly comply with the increasingly stringent environmental laws and regulations to rigorously manage our environmental footprint in terms of carbon emission, waste discharge and resource use. This year, SharkNinja once again invited third-party professional institutions to conduct a detailed ISO14064 carbon emission inventory, and offset its carbon footprint of operations in the U.K. through purchasing Verified Carbon Standard (VCS) carbon credits and planting trees. Joyoung initiated a home appliance trade-in campaign to reclaim obsolete home appliances for proper disposal and encouraged consumers to make responsible consumption choices.
We believe that the value of a business is not just about generating wealth, but also about creating social value. Focusing on areas such as food insecurity, education and health, SharkNinja actively organized its staff to participate in relevant voluntary service activities. Joyoung continued to enhance its efforts in two core branded public welfare projects, namely “Joyoung Charity Kitchen” and “Food Education Workshop”, and has built 1,357 charity kitchens and 200 Food Education Workshops. Over the next three years, it plans to cumulatively build more than 1,700 charity kitchens and more than 400 Food Education Workshops.
Looking ahead, we will continue to bring innovative products to the market that truly address consumers’ concerns, constantly improve our ESG management and performance, create long-term value and actively give back to the community. At last, please allow me to express again, on behalf of the board of directors of JS Global Lifestyle Company Limited, our sincere gratitude to all stakeholders, partners and friends who have long been concerned about and supported the development of our Company.