October 26,2024
ABB: Continue to cultivate the Chinese market and lead the innovative application of electrical technology
With the rapid development of China's energy industry, how to build a new energy system, seize the new opportunities of "electrification of everything", accelerate the implementation of digital value, and promote the transition of energy to a net-zero emission future has become an era proposition in today's electrical field. Recently, the 2024 ABB Electrical Innovation Week with the theme of "Energy Future, Innovation Driven" was held in Xiamen. The event focused on the opportunities and challenges of the future of energy through opening forums, keynote speeches, product launches and exhibitions, and industry forums, and focused on hot topics such as green energy, green buildings, green industry, and green data centers, fully demonstrating ABB's key role in energy transformation. At the same time, Morten Wierod, global president of ABB Group Electrical, announced during the event that ABB Electrical will continue to invest $100 million in China in the next three years for low-carbon technology research and development, smart manufacturing upgrades and low-carbon empowerment of the industrial chain to support China's energy transformation. Multi-angle layout of ESG, "Second Financial Report" has outstanding results ESG (environment, society and corporate governance) is becoming a new language for communication between enterprises. As green, low-carbon and sustainable development become a consensus among people, ESG performance has become an important indicator for investors to evaluate corporate operations, and is even regarded as the "second financial report" of enterprises. In this regard, Ma Teng said that for ABB, ESG has always been an area of long-term attention, long-term planning and multi-angle layout. ABB focuses on sustainable development, carbon neutrality and helping customers reduce carbon emissions. ABB had a very clear plan for this as early as 2019, and announced a technology-based net zero target at the Capital Market Day in 2023. He pointed out that ABB's goal is not only to reduce its own carbon emissions, but also to help customers reduce carbon emissions through the company's products. On the other hand, Ma Teng revealed that ABB has also made detailed divisions in the field of ESG, and each department has specific actions. Taking ABB's Xiamen factory as an example, the roof of the factory is equipped with solar photovoltaic panels, and energy efficiency is emphasized in internal design and planning. At the same time, corporate social responsibility is also the core of ABB's attention. For example, by 2030, it plans to make 25% of the company's management team composed of women, in order to enhance the status and role of women in the enterprise. Ma Teng emphasized that ABB's ESG is not only an economic indicator, but also values the long-term value that the concept of sustainable development brings to the company. ABB's outstanding performance in all aspects of ESG has also been highly recognized by the international authorit...
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