XCMG Machinery Publishes 2024 ESG Report: Pioneering Sustainable Innovation in Global Construction Machinery Industry Development
New Energy Leadership, Digital Transformation, and Global Partnerships Towards Carbon Neutrality Goals
XUZHOU, China, May 14, 2025 PRNewswire/-- XCMG Machinery ("XCMG", SHE: 000425) has officially released its 2024 Environmental, Social, and Governance (ESG) report, particularly highlighting the group's achievements in sustainable practices aligned to global climate goals as well as breakthroughs in clean technologies, digital intelligence, and ethical governance, which positions XCMG as a catalyst of green industrial transformation.
"In 2024, we achieved more stable operational quality and improved profitability, vigorously advanced sustainable practices and new energy product development, strengthened our technological innovation and capabilities and global development, and made significant strides towards establishing a world-class enterprise underscoring our philosophy of 'progress amid stability,'" noted Yang Dongsheng, CEO and Chairman of XCMG Machinery.
Globally XCMG dominates in lifting equipment, foundation machinery, specialized vehicles, earthmoving, and loaders. The Company expands partnerships with 95 percent market coverage under the Belt and Road Initiative with localized procurement strategies enhancing resilience.
Advancing Green Manufacturing Towards Dual Carbon Goals
Committed to advancing green manufacturing transformation and upgrading products and operations to meet the carbon peaking and carbon neutrality goals, XCMG has implemented a broad range of initiatives aimed at reducing pollution, lowering carbon emissions, conserving resources and promoting recycling, leveraging technological and digital capabilities, financial strategies and cultural initiatives.
In 2024, clean energy accounted for 13.63 percent of XCMG's energy consumption, and Scope 1 greenhouse gas emissions have been reduced by 102,363 tons. The digital carbon footprint management platform of XCMG covers 114 core components. In 2024, it launched 21 new energy product lines, including electric excavators, hydrogen-powered mining trucks, and hybrid cranes, and achieved 10.88 billion yuan (USD 1.508 billion) in sales revenue from new energy products.
In addition, XCMG invested 46.34 million yuan (USD 6.42 million) in environmental initiatives. Leveraging a robust big data analysis model for energy consumption, XCMG has developed targeted strategies for energy conservation and carbon reduction across three primary energy sources: electricity, steam, and natural gas, driving a comprehensive transformation in energy management and steering the industry towards an era characterized by digitalization and intelligence. It has developed an energy and carbon control platform integrating cutting-edge cloud computing, big data, and IoT technologies to support a wide array of functions poised to facilitate seamless collection of energy consumption data via intelligent devices.
Accelerating Digital and Intelligent Transformation as Industry Benchmark
XCMG is consistently recognized as a national benchmark for smart manufacturing. In 2024, it achieved Level 4 Smart Manufacturing Capability Maturity and Level 3 Data Management Capability Maturity.
Additionally, last year, XCMG Crawler and XCMG Fudi were included in the China 2024 5G Factory Directory, while XCMG Heavy Machinery was listed in both China's First Batch of Excellence-Level Smart Factories and Industrial Internet Pilot Demonstration Projects.
Boosting Social Impact and Community Engagement
Throughout 2024, XCMG conducted diverse ESG assessments with its suppliers and integrated ISO 14001 and SA8000 standards into procurement processes. It launched a low-carbon training initiative that allows the Company to conduct over 20 comprehensive training sessions for its suppliers globally.
Meanwhile, XCMG has boosted investment in public welfare initiatives encompassing education, poverty alleviation and disaster relief.
It also substantially enhanced the talent development system to provide employees with broader career advancement and personal growth opportunities. Last year, XCMG invested 2.04 million yuan (USD 282,664) in employee welfare programs, trained 7,619 R&D professionals, and promoted gender inclusivity, with two female directors on the Board.
Please visit http://static.cninfo.com.cn/finalpage/2025-04-29/1223367772.PDF for the Report.
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Words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, are intended to identify forward-looking statements. These statements reflect management's current estimates, beliefs, intentions and expectations regarding the future, including, but not limited to, H2's completion of the Transaction and related transactions, H2 entering into the Definitive Agreement, the Financing, payment of the Finder's Fee, and the conditions to be satisfied for the completion of the Transaction. Such statements are not guarantees of future performance. They are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of H2. 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Integrated with over 250 third-party systems, the appliances deliver unified visibility and automation through Check Point's Infinity Platform. "Security teams today face more pressure than ever — from rising AI-generated threats to managing fragmented infrastructures," said Nataly Kremer, Chief Product Officer at Check Point. "Our new Quantum Smart-1 Management Appliances combine AI, speed, precision, and automation to help organizations manage on-premise, cloud, and distributed IT deployments — faster and smarter. The company says the update addresses rising complexity as AI-powered attacks and distributed infrastructures reshape cybersecurity requirements. DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. is owned by Media Corp. ("BAY"). This article is being distributed for Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for Scope Technologies Corp. advertising and digital media from the company directly. BAY has not been paid a fee for Scope Technologies Corp. advertising or digital media, but the owner/operators of BAY also co-owns MIQ. There may be 3rd parties who may have shares Scope Technologies Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Scope Technologies Corp. which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Scope Technologies Corp. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
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"As Scope Technologies enters its next phase of growth, we are committed to staying at the forefront of quantum security innovation and compliance," said James Young. "Ted's leadership, industry experience, and deep expertise in risk management and regulatory standards make him the ideal person to guide Scope into this future. I have full confidence in his ability to scale the company and deliver on our mission." Under Carefoot's leadership, Scope Technologies will continue its focus on providing quantum-resilient encryption and security solutions to enterprise and government clients, helping organizations prepare for the growing regulatory requirements surrounding post-quantum cryptography (PQC) standards. "I'm honored to step into this role at such a pivotal time," said Ted Carefoot. "With quantum computing threats becoming a reality, businesses and governments must act now to safeguard their data. I look forward to leading Scope's talented team as we help organizations future-proof their security infrastructure against these emerging threats." Scope Technologies also announces that Sean Prescott has resigned as a director of the Company. The Company wishes to thank him for his services as a director. Mr. Prescott will remain CTO of Scope Technologies. Grant of Restricted Share Units and Stock Options Scope Technologies has also granted a total of 950,000 stock options exercisable at $0.385 per share for a period of five years from the date of grant. The stock options are subject to the vesting requirements set by the board of directors. In addition, Scope Technologies granted 1,500,000 restricted share units ("RSUs") to Mr. Carefoot. The RSUs vest as follows: 250,000 RSUs within one year from the grant date, 500,000 RSUs within two years from the grant date and 750,000 RSUs within three years from the grant date. For more information on how QSE's quantum security solutions visit or contact [email protected] About Scope Technologies Corp Headquartered in Vancouver, British Columbia, Scope Technologies Corp is a pioneering technology company specializing in quantum security and machine learning. Through its flagship brands, QSE Group and GEM AI, Scope provides next-generation solutions in data security, quantum encryption, and neural networks, empowering businesses with secure, scalable technologies that drive growth and operational efficiency. Contact Information: James Young CEO, Scope Technologies Corp. Email: [email protected] Phone: +1 604-416-1720 Website: Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking statements that constitute forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that are not purely historical statements of fact are forward-looking statements and include statements regarding beliefs, plans, expectations, future, strategy, objectives, goals and targets, and more specifically, the use of proceeds of the Offering. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects", "aim", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks and are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, including, but not limited to, those risks and assumptions described in the Company's latest management discussion and analysis, a copy of which is available under the Company's profile on SEDAR at While Scope considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions, continued satisfaction of Canadian Securities Exchange requirements, product safety and recalls, regulatory compliance and risks associated with the Company's business. Forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update the forward looking statements or to update the reasons why actual results could differ from those projected in these forward-looking statements. All forward-looking statements are qualified in their entirety by this cautionary statement.
