MASHINIi

HAIER SMART HOME CO.

690D.XETRA | Manufacture of domestic appliances

Haier Smart Home Co., Ltd. is a global leader in home appliances and smart home solutions. The company designs, develops, manufactures, and sells a wide range of household appliances, including refrigerators, washing machines, air conditioners, microwave ovens, and other kitchen and home appliances....Show More

Ethical Profile

Mixed.

Haier Smart Home Co. faces scrutiny over worker safety, including a 2024 OSHA citation and $193,585 penalty following a fatality from alleged safety lapses. Its UK division's 2022-2023 gender pay gap showed women earning 67p for every £1 men earned. Conversely, Haier demonstrates strong circularity, recycling 6.74 million appliances in 2023 (96% waste recycling, 100% plastics). Packaging paper was reduced by 80%. Governance includes a whistleblowing policy, with 80% of ethical claims independently verified. While its Turkish Industrial Park uses 14 billion I-REC certified renewable energy, its Sustainalytics ESG Risk Rating of 24.2 ranks it 136/201 in its industry.

Value Scores

Better Health for All10
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect10
-100100
Fair Trade & Ethical Sourcing40
-100100
Honest & Fair Business-20
-100100
Kind to Animals0
-100100
No War, No Weapons-60
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities10
-100100
Safe & Smart Tech10
-100100
Zero Waste & Sustainable Products-10
-100100

Better Health for All

10

Haier Smart Home's core products deliver significant health benefits, with a strategic focus on health-positive impact. Its smart refrigerators utilize advanced MSA nitrogen-oxygen technology to preserve up to 99% of nutrients in fruits and vegetables for 7 days

1
and magnetic-controlled cooling for raw meat for 10 days
2
. These products comply with 22 Chinese national industry standards and global IEC Standards
3
, achieving a Level One Health Preservation grade in China
4
. Water purifiers ensure fresh drinking water
5
, and smart AC filters improve indoor air quality
6
. The company also offers water heaters with skin-nourishing effects
7
and products designed for elderly accessibility, such as one-touch washing machines and gas stoves with automatic shut-off safety features
8
. These efforts contribute to significant positive health externalities, including a documented reduction of approximately 65 kg of food waste per family per year through intelligent refrigeration solutions
9
. The company also promotes shifts from gas cooking to induction cooktops
10
, further reducing indoor air pollution. The company does not hold healthcare-related patents or intellectual property, nor do its products have addiction potential or involve clinical trials.

Fair Money & Economic Opportunity

0

Haier Smart Home Co. is a global leader in home appliances and smart home solutions

1
. The ethical value 'Fair Money & Economic Opportunity' primarily assesses financial institutions on their lending, deposit, and financial inclusion practices. The provided articles do not contain any specific, concrete data points indicating that Haier Smart Home Co. offers consumer lending, deposit services, or other financial products to its customers. Therefore, all Key Performance Indicators (KPIs) related to financial services, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives (financial), data accessibility (financial), fair lending compliance, wealth building outcomes, profit reinvestment (in community finance), financial literacy initiatives (for customers), debt burden ratio, geographic inclusion (for financial services), and product simplicity (for financial products), are not applicable to the company's core business and lack relevant evidence in the provided materials. As per the rules, KPIs for which no specific, concrete data point is found must be omitted.

Fair Pay & Worker Respect

10

In the past three years (2022-2024), Haier US Appliance Solutions Inc., a subsidiary, incurred five substantiated labor-law violations, including one willful and two serious OSHA violations in July 2024 following a fatal workplace incident.

1
Haier Smart Home reported 100% labor union coverage in 2023
2
, with a 100% signing rate for "Special Collective Contracts for Female Workers".
3
For 2023, the company's domestic employee turnover rate was 15.98%
4
, and the overseas employee turnover rate was 14.63%.
5

Fair Trade & Ethical Sourcing

40

Haier Smart Home allocated approximately 75% of its product sourcing to local suppliers in 2023.

1
The company also ensures a 100% signing rate of 'Supplier Integrity Reminder Letters' with its suppliers.
2
Furthermore, Haier Smart Home reported zero incidents of illegal employment practices, including forced and child labor, and conducts proactive risk assessments for environmental and social factors in its supply chain.
3

Honest & Fair Business

-20

Haier Smart Home Co. subsidiaries received a $1.9 million fine from a Chinese pricing regulator for price-fixing measures.

1
The company has an anti-corruption policy adopted in 2022, provides anti-corruption training to employees, and requires suppliers to execute anti-bribery confirmations.
2
No significant non-compliance or legal cases regarding corrupt practices were reported in 2021 or 2024.
3
A whistleblowing policy, adopted in May 2018, is overseen by the Board, covers employees, customers, and suppliers, and is reviewed annually by the Audit Committee.
4
No incidents of fraud or misconduct with material effect on financial statements or overall operations were discovered in 2024.
5

Kind to Animals

0

No specific, measurable evidence regarding animal welfare, animal testing, ethical sourcing, or wildlife conservation initiatives for 690D.XETRA was found in the provided articles. Several articles explicitly state a lack of information for all relevant KPIs

1
,
2
,
3
. While one article mentions "animal welfare" as a focus area within the company's general CSR policy
4
, it does not provide any concrete actions, measurable outcomes, or quantitative data to assess performance against the rubric's criteria. Information pertaining to "No Animal Testing" was found for a different entity (690E.BE)
5
and cannot be attributed to 690D.XETRA.

No War, No Weapons

-60

The company's supply chain has been linked to factories where Uyghurs and other ethnic minorities are allegedly subjected to forced labor (2020), and labor abuses, including excessive working hours and wage theft, were identified in supplying factories (2023), despite the company's zero-tolerance policy for such violations.

1
The company implements responsible procurement policies, enforcing rigorous labor, environmental, and ethical standards across its supply chain.
2
Social responsibility audits covered 59% of procurement value, resulting in 18 suppliers being notified of violations and 12 suppliers being blacklisted.
3
Haier Smart Home actively implements the principles of the United Nations Global Compact
4
and requires suppliers to provide fair, healthy, and safe working environments based on the UN Guiding Principles on Business and Human Rights.
5
In 2020, the company's cumulative input in Hope Projects was over RMB116 million, representing approximately 0.0553% of its annual revenue of RMB209.726 billion, alongside other charitable initiatives and disaster relief efforts.
6

Planet-Friendly Business

0

Haier Smart Home achieved a carbon dioxide equivalent emission reduction of 14,017 tonnes in 2022.

1
The company's Turkish Industrial Park sources all electricity from renewable energy, validated by 14 billion I-REC certified megawatt-hours.
2
In 2022, the company allocated RMB54,128,000 for environmental protection funds.
3
Haier Smart Home holds ISO14001 environment management system certification from 2017 and 2021, and requires all key suppliers to have ISO 9001 certification.
4

Respect for Cultures & Communities

10

Haier Smart Home sourced approximately 75% of its product purchases from local suppliers in 2023.

1
The company reported no cultural appropriation incidents.
2
In 2023, Haier Smart Home's community investment, including donations and Project Hope, totaled RMB 14.8 million, representing 0.00566% of its global revenue.
3
The company has 7 formal partnerships with local cultural and governmental entities for a study tour.
4
FPIC processes are not applicable to the company's operations based on available information.
5

Safe & Smart Tech

10

Haier Smart Home Co. and five of its subsidiaries obtained ISO/IEC27001, ISO/IEC27701, and ISO/IEC27018 information security certifications, and was awarded dual accreditation by UKAS and CNAS.

1
Its IoT platform has EAL3+ encryption certification
2
and passed a third-level network security protection assessment.
3
The company reported no publicly notified data breaches for its apps in 2021,
4
and no breaches were mentioned in its 2022 report,
5
supported by an internal process for breach prevention, detection, and notification.
6
Haier Smart Home states it collects personal data limited to necessary purposes
7
and stores it for a strict minimum time,
8
with no documented incidents of unauthorized data use by the company. It conducted privacy impact assessments and APP privacy compliance testing for 15 business scenarios,
9
and performed penetration tests on core business systems and 62 applications.
10
The company explicitly complies with the People's Republic of China Network Security Law, the General Data Protection Regulation (GDPR), and India's Information Technology Act 2000 and Right to Information Act 2005.
11

Zero Waste & Sustainable Products

-10

Haier Smart Home achieved a 96% waste recycling rate in 2023, with a target to reach 99% by 2030.

1
All packaging is 100% recyclable.
2
The company integrates eco-design principles into all new products and conducts Life Cycle Assessments. For over 210 products across its brands, 95% have a repairability score between 6 and 7.9 out of 10, with 5% scoring above 8.
3
Spare parts are available for 14 years for washing machines and dishwashers, and 13 years for vacuum cleaners.
4
The company implemented 131 key energy-saving and emission-reduction projects and reported no significant waste disposal violations in 2023.
5
It has ambitious waste reduction targets, including a 3% reduction in non-hazardous and hazardous waste disposal per unit of output from a 2021 baseline.
6
Hazardous waste is managed through storage warehouses, third-party disposal, a smart management system, and upgraded soldering techniques.
7
All domestic supply chain factories are required to have ISO 14001 environmental management system certification.
8

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.