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Highlights

  • ESG score rose 14 points year-over-year, ranking first in China’s two-wheeler segment
  • Outperformed 68% of global automotive companies in S&P Global’s Corporate Sustainability Assessment
  • One of the first Chinese electric two-wheeler firms to join CDP environmental disclosure

Niu Technologies (NASDAQ: NIU) has reported notable advancements in its 2024 Environmental, Social, and Governance (ESG) performance. According to S&P Global's Corporate Sustainability Assessment (CSA), NIU increased its ESG score by 14 points from the previous year to reach a total of 43. This placed the company at the top of China's two-wheeler sector and in the top four across the broader automotive category.

NIU also participated for the first time in CDP’s environmental disclosure program—becoming one of the earliest Chinese electric two-wheeler manufacturers to do so. CDP is a global non-profit that manages a disclosure system for companies and governments to monitor environmental impact.

The company’s ESG assessment results reflect consistent improvements across environmental, social, and governance categories. NIU outperformed 68% of global automotive firms overall, with particularly high scores in governance (77th percentile) and social impact (65th percentile). Its environmental performance exceeded 50% of global peers.

Transparency and data quality were key contributors to NIU’s performance in 2024. For the first time, the company disclosed both direct and indirect greenhouse gas emissions and aligned its reporting with the Task Force on Climate-related Financial Disclosures (TCFD). This resulted in its CSA TCFD Disclosure score increasing from 0 to 75.

In product performance and operational metrics, NIU earned top scores for the second year in a row in areas such as Product Quality & Recall Management, Information Security, and Low-Carbon Products. Initiatives such as multi-dimensional energy monitoring and lightweight, lithium-powered vehicle designs contributed to a rise in its Energy Consumption CSA score—from 42 to 90.

NIU’s progress places it as a notable case of ESG integration in China’s growing electric mobility market, especially within the two-wheeler segment.