Innuovo Technology has released its first sustainability report (2024), addressing its Environmental, Social and Governance (ESG) strategies implemented across its four business lines: Magnetic Devices, Mechatronics, Integrated Products and Electroacoustics. The report covers Innuovo’s ESG measures in terms of both financial and societal factors as well as their impacts on business operations.

In 2024, Innuovo formally integrated ESG into routine management. It widely uses industrial synergies to improve power generation and consumption, catalyze its low‑carbon and digital transformation, and make innovations in mobility equipment to support China’s health and services industry for its aging population. Its 2024 sustainability report assesses Innuovo’s impacts on the world, as well as how external forces like climate policy, materials markets and demographic shifts, affect its own strategy and wellbeing.

Sustainable development and meeting China’s dual‑carbon goals are top goals for Innuovo, announced Innuovo’s Chairman Zhonghua Wei. Sustainability is foundational to Innuovo’s long‑term corporate value creation, he added, allowing it to deliver excellence to customers, support its employees, and do good for society.

ENVIRONMENT

To promote greater environmental sustainability, Innuovo has in place various resource and energy efficiency initiatives. It uses renewable energies and green technologies, and implements key facility upgrades to achieve measurable energy-saving results. It also is improving waste management systems across all production emissions handling, deploying continual internal audits and corrective action.

In its magnetic materials and devices business lines, Innuovo enacts schemes like high‑efficiency grain boundary diffusion, heavy rare‑earth‑free formulations and high‑abundance rare‑earth substitution to reduce resource intensity and cost while maintaining performance. In healthcare and mechatronic production, Innuovo uses motors that enhance energy efficiency. Lightweight, high‑strength materials such as carbon fiber, alongside eco‑friendly, non‑toxic materials, reduce product weight, improve handling agility and lower energy consumption during use.  

Innuovo ensures all its products meet applicable international environmental and health‑related standards, using eco‑friendly, non‑toxic materials and rigorous quality assurance and traceability processes. It constantly refines data quality, expands disclosure scope, to ensure it is aligned with internationally recognized reporting frameworks.  

SOCIAL

Innuovo emphasizes its relationship with its people, establishing reliable channels to ensure its employees, customers and communities are adequately represented and protected.

To ensure a safe and inclusive workplace, Innuovo uses open communication channels to protects employees’ rights and interests. In 2024, it held multiple targeted compliance, risk control and business ethics trainings for hundreds of employees. It also continuously refines career development systems and technical upskilling to support employee growth across all business units.

For customers and end users, Innuovo embeds quality and safety measures across its entire product lifecycle. These measures range from design and component sourcing through manufacturing and after‑sales service.    

GOVERNANCE

Governance structures and operating procedures have been established in accordance with applicable laws and regulations, enabling clear roles, checks and balances, and oversight.

Innuovo’s management unholds a strict code of business ethics and integrity. Leadership maintains active, two‑way communication with stakeholders and continuously improves information disclosure to respond to their expectations.

A core element of Innuovo’s strategy is to ensure that innovation and growth is sustainable. In 2024, R&D investment neared 200 million RMB, almost 5% of revenue. This R&D supported technology innovation across magnetic materials, mechatronics and downstream applications. The investment also supports low-carbon product development, digitalization and enhanced customer value.