On the evening of October 8, London time, the 2020 Responsible Business Awards ceremony hosted by Reuters kicked off online. As the only Chinese company to be included in the nomination list this year, XAG Technology won the most important “Sustainability Innovation Award”. XAG Technology has also become the first Chinese company to win the award in 11 years.
The judging committee stated in the award speech: “Innovation, influence, and scalability are the three major criteria for the sustainable development innovation award. The selection of this award attaches great importance to the innovation driving force and sustainable development potential of the business model. Recognized corporate organizations not only regard solving specific social and environmental problems as one of their business missions but also demonstrate their positive impact on environmental protection, social equality, and business development in a qualitative and quantitative corporate social responsibility evaluation system .”
At present, the contradiction between the continuous growth of the world’s population and the limited arable land resources has become increasingly prominent, which has brought the previous and future uncertainties to the global food system. How to enhance the resilience and sustainability of the food system is the focus of the Reuters Business Responsibility Awards.
In the face of the social and environmental problems of the aging of the rural population and the decline in biodiversity, XAG Technology has built agricultural drones, remote sensing drones, agricultural unmanned vehicles, agricultural autopilots, The product matrix of XAG Agricultural Internet of Things and XAG Smart Agriculture System reduces the dependence of farmland management on manual labor, realizes the precise, efficient and automated operation of the whole process of farming, management, and harvesting, and guarantees food production safety.
The Reuters Global Business Responsibility Awards recognize companies that make important contributions to a sustainable future and lead social change, innovation, and technology development. The award focuses on the code of ethics and sustainability potential of the business model.
This year, top financial investors such as Goldman Sachs, McKinsey, and ABN Abn are also on the list, as well as well-known large multinationals such as Coca-Cola, Kraft Heinz, Kimberly, Intel, Dow, Samsung Electronics, Qualcomm, and Maersk.