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Strengthening ESG Governance and Disclosure to Build a Resilient Sustainable Supply Chain

The Carbon Disclosure Project (CDP), the world’s leading climate rating organization, has announced its 2024 assessment results for supplier engagement. LCY Chemical Corp. (LCY) earned the highest "A" rating and was named a 2024 CDP Supplier Engagement Leader, securing its place among the world’s leading companies. This distinction highlights LCY’s excellence in supply chain management and its strong commitment to sustainable governance.

“Building a sustainable supply chain is not the result of isolated actions, but of collective effort across the entire value chain,” said Joey Lin, Vice President of Operations Management at LCY.

“This recognition is a tangible achievement of our ongoing commitment to advancing ESG governance throughout the supply chain. Looking ahead, we will continue to deepen collaboration with our supplier partners, strengthen carbon emissions data disclosure and management, and work toward our long-term goals of reducing emissions by 42% by 2030 and achieving net-zero by 2050.”

LCY has long been committed to building a transparent, resilient, and highly engaged supply chain management mechanism. By partnering with suppliers to drive low-carbon transformation, the company has strengthened operational resilience and enhanced brand competitiveness. LCY's achievement of CDP’s highest “A” leadership rating in governance, Scope 3 value chain emissions management, supplier engagement, and risk management processes reflects strong recognition of its sustainable governance leadership. This achievement also reflects LCY's ongoing sustainable actions that drive the company's net-zero transformation.

Recognized as a key global rating platform for climate action, the CDP provides important benchmarks for multinational corporations and traditional manufacturers. CDP’s standardized disclosure framework enables companies to identify and manage climate-related financial risks while strengthening supply chain transparency and resilience. By doing so, it helps build investor confidence and foster long-term value creation. LCY’s achievement as a CDP Supplier Engagement Leader reflects its alignment with international best practices in supply chain governance and further reinforces its competitive edge in the global market.

For details on the Supplier Engagement Assessment 2024, please visit the official website: https://www.cdp.net/en/supply-chain/supplier-engagement-assessment