IBI Named “2023 Forbes China ESG Innovation Enterprise”

On November 30, the 2023 Forbes China ESG Innovation Enterprise Awards Dinner & Ceremony was held in Shenzhen. To showcase companies’ differentiated strengths in ESG innovation and their outstanding contributions to regional and global challenges, the evaluation was conducted across four dimensions: corporate growth, ESG implementation, innovation execution, and industry influence. IBI was honored as a “2023 Forbes China ESG Innovation Enterprise.”

Commitment to ESG and Digital Transformation

IBI is dedicated to deeply integrating emerging technologies such as the Internet, IoT, big data, cloud computing, and artificial intelligence with traditional industries, fulfilling its mission of reducing costs and increasing efficiency for traditional sectors. Through platforms such as Duoduo centralized procurement, cloud factories, and IBI SaaS services, the company has enabled numerous enterprises to achieve significant efficiency gains.

For example:

• A titanium chemical cloud factory in Hubei reduced raw material procurement costs by 3%–5%;

• A resin cloud factory in Henan released an additional 3,000 tons of monthly production capacity;

• A phosphorus chemical cloud factory in Hubei reduced procurement costs by 6%–10%.

On the social responsibility front, IBI has actively contributed to pandemic prevention and supply chain stability. In 2022, the company co-launched the initiative “Ensuring Supply, Stabilizing Production & Recovery” with the China National Coatings Industry Association and the China Association of Warehousing and Distribution. It also provided strong support to Renmin University of China and Peking University in their COVID-19 prevention efforts by supplying protective materials.

Future Outlook

Looking ahead, IBI will continue to implement its “platform, technology, and data” development strategy, further advancing the deep integration of the digital economy with traditional industries. By applying digital technologies and solutions, the company aims to transform and reconstruct traditional industry ecosystems, driving cost reduction and efficiency gains.

At the same time, IBI will continue to optimize and explore diversified ESG practices, making greater contributions in environmental protection, social responsibility, and corporate governance, thereby helping to build a sustainable future.

The following is the complete list of the “2023 Forbes China ESG Innovation Enterprises.”