Luxshare Precision: ESG Recognitions Highlight Ethical Labor Standards

HONG KONG SAR – Media OutReach Newswire – 7 May 2025 – Luxshare Precision’s continued recognition in the ESG arena is a testament to its environmental initiatives and a powerful validation of its strong ethical labor standards and social responsibility. Luxshare Precision emphasizes a strong commitment to human rights, fair employment practices, and transparent supply chain governance — principles that have become increasingly critical in today’s global business landscape.

ESG Recognitions Reinforce Luxshare Precision’s Ethical Labor Framework

In 2024, Luxshare Precision received numerous prestigious ESG honors, recognizing its ongoing efforts to integrate social responsibility into its business model. While the company has been noted for its low-carbon initiatives, these recognitions also emphasize its focus on labor ethics and human rights within its ESG framework.

Commitment to Global Labor Compliance and Human Rights

Luxshare Precision maintains strict adherence to international labor standards, including the UN’s Universal Declaration of Human Rights, Core Conventions of the International Labour Organization, and United Nations Guiding Principles on Business and Human Rights. These principles guide every aspect of its operations — from internal workforce policies to supplier audits — ensuring that all labor practices are free from coercion, discrimination, or exploitation.

In light of public concerns and scrutiny over alleged forced labor practices, Luxshare Precision has publicly and firmly denied any involvement before. Backed by internal investigations and third-party audits, the company has found no evidence supporting these allegations. It continues to uphold a zero-tolerance policy for any form of involuntary labor and regularly reviews its supply chain for compliance with ethical sourcing standards in all regions, including Xinjiang Uyghur.

Proactive Labor Rights Mechanisms

Luxshare Precision’s labor compliance framework is more than just policy — it is practice. The company has established a labor risk management mechanism of “Identify-Prevent-Monitor-Mitigate and Remedy”, including:

• Conduct a comprehensive review of labor-related risks, including forced labor, child labor, harassment, and discrimination, and establish robust management systems for each type of risk to ensure dynamic identification and effective response.
  
• Continuously enhance our prevention mechanisms through measures such as ID verification, attendance system management, and rights protection training, and build a multi-layered risk control system, effectively reducing risks to labor rights.
  
• Implement a “three-tier audit mechanism”, covering internal specialized audits, client audits, and external third-party audits (e.g., RBA) to ensure full oversight of labor rights issues, maintaining compliance and transparency.
  
• Immediately initiate investigation procedures, hold responsible parties accountable, and provide affected individuals with legal assistance, financial compensation, and psychological support in the event of rights violations or upon receiving complaints, and take steps to prevent similar incidents from recurring through training, disciplinary actions, policy upgrades, and infrastructure improvements.
  

These measures are designed to proactively identify, address, and prevent any labor violations within the company’s influence — reinforcing Luxshare Precision’s reputation as a responsible employer and business partner.

Building a Fair, Inclusive, and Sustainable Supply Chain

At the supplier level, Luxshare Precision has gone further by embedding ethical labor into its broader ESG strategy. Through its Green Supply Chain Management (GSCM) system, the company achieves digital and systematic execution of supplier data collection, risk evaluation, and audit processes..

Moreover, Luxshare Precision actively promotes diversity and inclusion across its supplier base. Under its supplier diversity programs, the company encourages partnerships with minority-owned and socially responsible businesses — fostering wider economic participation and equity. This approach aligns with its broader mission to build a supply chain that is not only low-carbon but also socially just.

A Model for Responsible Growth

Luxshare Precision’s ESG journey reflects more than a series of environmental metrics — it embodies a corporate ethos centered on transparency, fairness, and accountability. In today’s climate-conscious and socially aware global economy, Luxshare Precision stands out by showing that profitability and ethics can — and must — coexist.

As the company scales further, it remains committed to enhancing its social governance capabilities, deepening stakeholder engagement, and leading by example in labor rights protection. This integrity-first mindset is not just a legal compliance requirement but a strategic imperative — one that will continue to define Luxshare Precision as a global leader in ethical and sustainable manufacturing.

Conclusion

Luxshare Precision’s 2024 ESG recognitions are a powerful endorsement of its integrated approach to sustainability — one that places ethical labor, human rights, and environmental impact on equal footing. In a world increasingly demanding transparency and equity, Luxshare Precision is setting the standard for how modern corporations can thrive responsibly.

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The issuer is solely responsible for the content of this announcement.