Xiaomi Corporation.
1810.HKEX | Manufacture of computers and peripheral equipment
Xiaomi Corporation is a Chinese multinational electronics company. It designs, develops, and sells smartphones, mobile apps, laptops, and related consumer electronics. Xiaomi also provides internet services. While Xiaomi has a diverse product portfolio, its primary revenue driver is the sale of smar...Show More
Better Health for All
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Xiaomi's core products, such as smartphones and laptops, have no significant positive or negative health impact. However, the company offers health-related wearables, including a Blood Pressure Watch certified as a Class II Medical Device in China, which provides blood pressure, ECG, heart-rate, blood oxygen, and sleep monitoring.
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The Xiaomi Mi Band 5 activity wristband showed 78% accuracy in detecting sleep stages but significantly overestimated total sleep time, light sleep, and deep sleep, while underestimating REM sleep and wake after sleep onset.
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The company reported zero confirmed complaints about data security and privacy protection or data breach incidents in 2024.
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The Xiaomi Education Center provides an intelligent health safeguard feature with proactive health reminders like eye protection mode and posture monitoring.
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The Redmi Pad Pro equipped with the Xiaomi Education Center was certified as a minor protection product.
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The company's new product e-commerce positive review rate was 98% in 2024, and 100% of hardware businesses are ISO 9001 certified.
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Fair Money & Economic Opportunity
-40
Xiaomi's financial unit in Indonesia shut down in late 2018 due to a disagreement with regulators over licensing, and its wholly-owned subsidiary in India has been involved in various investigations by Indian authorities regarding compliance with income tax, customs duties, and foreign exchange regulations.
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The company uses phone activity data to create credit profiles, and concerns exist regarding data privacy as consumers sign agreements to share personal data, particularly in markets with lax laws.
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Xiaomi Easy Finance (XEF) aims to make smartphone ownership more accessible in tier 3 and tier 4 towns across India, but no specific percentage of service points in these underserved areas is provided.
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Fair Pay & Worker Respect
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In 2024, the salary ratio for male to female fresh graduates was 1.18:1, meaning female fresh graduates earned approximately 84.7% of their male counterparts.
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The employee satisfaction score increased from 8.8 to 9.1, with 73.3% of employees rating their satisfaction at 9 or above.
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The company reported no incidents related to child and forced labor, employment and gender discrimination, or violent behaviors in the workplace in 2024.
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Xiaomi offers a 10 lakh medical benefit to all employees in India, covering staff, spouses, parents, and children.
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Globally, 90-95% of employees are covered by comprehensive health insurance.
Fair Trade & Ethical Sourcing
-30
In 2024, the company reported no incidents related to child and forced labor in its workplace.
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The company monitors the sources of six minerals, including 3TG, cobalt, and mica, and plans to expand this scope in 2025.
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It conducted conflict minerals due diligence for Tier-1 and some Tier-2 suppliers in 2024, achieving a 100% response rate.
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However, only 62.17% of suppliers in the smartphone supply chain have publicly disclosed their conflict minerals purchasing policies.
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The company requires suppliers to sign and comply with its Supplier Social Responsibility Code of Conduct as a prerequisite for cooperation.
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If an audited supplier falls short of standards, they are asked to rectify the problem within four months for general issues, or one month for red-line issues.
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In 2024, two suppliers were disqualified for failing to rectify multiple red-line issues.
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Honest & Fair Business
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No specific, concrete data points were found in the provided articles for Xiaomi Corporation (1810.HKEX) that directly map to the quantitative thresholds of the 'Honest & Fair Business' KPIs. While one article mentions Xiaomi passing an annual external audit for GDPR compliance by TrustArc since 2018, it does not provide a percentage of ethical claims verified, which is required by the 'third_party_verification' KPI.
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Another article notes a Glass Lewis ESG Controversy Alert regarding Xiaomi, but no specific controversy score or details are given.
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Therefore, no KPIs can be scored based on the provided evidence.
Kind to Animals
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Xiaomi Corporation's ESG reports and related articles focus on environmental sustainability, supply chain management, and social responsibility. While these efforts indirectly contribute to a healthier planet for animals, there is no explicit, measurable data provided regarding specific animal welfare practices. The articles do not contain information on cruelty-free certifications, the use of non-animal testing methods, humane certifications for operations, or the percentage of animal-derived ingredients replaced with ethical alternatives.
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Similarly, there is no data on animal testing policies, volumes, or investments in animal-free R&D.
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Therefore, no KPIs under the 'Kind to Animals' value can be scored based on the provided evidence.
No War, No Weapons
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No evidence available to assess Xiaomi Corporation on No War, No Weapons.
Planet-Friendly Business
-50
In 2024, Xiaomi reported Scope 1 emissions of 31,295.64 tCO₂e and Scope 2 emissions of 178,419.13 tCO₂e.
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Scope 3 data is not yet disclosed.
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The company has set a target to reduce GHG emissions from existing business segments to 30% of the 2021 level by 2030 and achieve carbon neutrality in its own operations of existing business segments by 2040, with 100% clean heat and renewable energy use by the same year.
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However, there is no evidence that these targets are SBTi-validated. The Xiaomi EV Factory utilizes a 16.2-MW distributed photovoltaic power station, and the average green electricity usage among existing Tier-1 suppliers for smart EV products reached 43% in 2024.
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Xiaomi Smart Factory achieved a 99.35% waste diversion rate and recycled approximately 19,698 tonnes of electronic waste globally in 2024.
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The company has completed lifecycle carbon footprint measurements for 18 representative products.
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Xiaomi's office spaces obtained LEED Platinum and China Green Building Design Label certifications.
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The company reported zero environmental compliance violations in 2024. Xiaomi requires smartphone suppliers to achieve an average annual carbon reduction of no less than 5% by 2030 and 25% green electricity usage by 2030, increasing to 100% by 2050.
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111 suppliers have established carbon reduction targets, and 24 suppliers have joined the Science Based Targets initiative (SBTi).
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Respect for Cultures & Communities
40
Xiaomi recruits 89% of its overseas workforce locally.
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The company avoids site selection and construction activities that infringe upon or adversely affect natural and cultural heritage sites listed on UNESCO’s World Heritage List.
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Xiaomi provides exclusive holiday policies for minority festivals such as the San Yue San Festival, Eid al-Fitr, and Eid al-Adha, and offers diversified food choices in its canteens to accommodate employees from different cultural backgrounds.
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No cultural appropriation incidents were reported in 2024.
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Safe & Smart Tech
-10
Xiaomi reported 0 privacy data leakage incidents for the 2024 reporting period.
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The company adheres to the EU's Ethics Guidelines for Trustworthy AI, has established basic principles for trustworthy AI, and has a Trustworthy AI Ethics Committee and a Security and Privacy Committee.
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Xiaomi holds ISO/IEC 27001:2013, ISO/IEC 27018:2019, ISO/IEC 27701:2019, TRUSTe Enterprise Privacy Certification, TrustArc GDPR Validation, and ioXt SmartCert, with MIUI being the first mobile system to pass the TÜV Rheinland Android System Enhanced Privacy Protection test.
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Xiaomi uses multiple encryption technologies to ensure the security of the algorithm operating environment and user data storage.
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An internal algorithm audit mechanism is in place, and the company is devoted to making its AI technology as explainable as possible.
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Xiaomi states they never use user data to train AI systems and do not upload user data through voice call noise reduction or camera image optimization.
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However, in April 2023, 20 security vulnerabilities were reported, including memory corruption from an unpatched third-party library, and several vulnerabilities led to the disclosure of sensitive data such as phone numbers and Xiaomi account details.
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Users have full control over Face Unlock and Fingerprint Unlock functions, including data deletion upon factory reset, but the Fingerprint Unlock service is restricted if the device has not been unlocked using a password for more than 72 hours or after five failed attempts.
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Password verification is needed to access Face Unlock and Fingerprint Unlock settings.
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Xiaomi solicits security issues through its Security Response Centre (SRC), HackerOne, and email.
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Privacy principles are deeply integrated into Xiaomi AI Technologies, with AI models only collecting data necessary for services and running locally on devices.
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Xiaomi complies with the principle of data minimization, collecting only necessary data and limiting retention periods.
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Xiaomi adheres to EU's Ethics Guidelines for Trustworthy AI and GDPR.
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Zero Waste & Sustainable Products
-20
Xiaomi's Smart Factory achieved a waste diversion rate of 99.35% and holds a TÜV Rheinland Zero Waste to Landfill Management System Certificate with the highest global rating of three stars.
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The company has not incurred any waste disposal violations in the past three years. Xiaomi aims to recycle 38,000 tons of e-waste from 2022 to 2026, having fulfilled 95.94% of this target by the end of 2024.
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In 2022, Xiaomi recycled approximately 4,500 tons of electronic waste and refurbished 94,000 smartphones, 5,600 electric scooters, and 6,200 smart televisions.
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The company replaced molded plastic with molded pulp in the packaging of eight smartphone models, increasing the overall plastic reduction ratio by approximately 15%.
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The reuse rate of old logistics boxes increased from 7.74% to 8.94%, saving 5.26 million boxes.
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The Xiaomi EV Factory has a wastewater recycling rate of over 50%, and reclaimed water usage in self-owned factories surpassed 40%.
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For product materials, the Xiaomi SU7 uses 19% recycled aluminum, and the Xiaomi EV has 12% recycled steel content in its total vehicle weight.
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All hazardous waste from Mainland China offices (2.50 metric tons in 2021)
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and 94.42 tonnes from the Smart Factory are handled by qualified third-party organizations, with 100% compliant treatment at the Smart Factory.
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Xiaomi released a long-lasting battery in 2022 with a 25% longer lifespan than previous versions.
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For its supply chain, Xiaomi requires all direct suppliers to meet waste requirements with verification. The company offers an e-waste take-back and recycling service in India for various electronic products, providing collection center information, pickup scheduling, and a discount coupon incentive.
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