JL MAG Rare-Earth Co., Ltd.
Industry Group: Electrical Equipment
Country/Region: China
Identifier: HKG:6680
JL Mag Rare-Earth, or JL Mag, is a leading global producer of high-performance rare earth permanent magnets, or REPMs. JL Mag focuses on the production and sale of NdFeB PMs, the most widely used type of REPMs, mainly made from an alloy of neodymium (Nd), iron (Fe) and boron (B). The company is ranked first in the world by high-performance REPMs, according to Frost & Sullivan. JL Mag is also ranked first in the global grain boundary diffusion, or GBD, REPMs market. Its products have a wide array of applications, mainly in new energy vehicles, or NEVs, automotive parts, wind turbine generators, energy-saving variable-frequency air-conditioners, or VFACs.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Electrical Equipment 216 out of 301
Universe
Global Universe 10124 out of 15104
What are the ESG Risk Ratings?
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Industry Comparison
Company | ESG Risk Rating | Industry Rank |
---|---|---|
BizLink Holding, Inc. |
24.1
Medium
|
106 out of 301 |
TECO Electric & Machinery Co., Ltd. |
25.5
Medium
|
124 out of 301 |
JL MAG Rare-Earth Co., Ltd. |
29.4
Medium
|
216 out of 301 |
Henan Pinggao Electric Co., Ltd. |
29.6
Medium
|
220 out of 301 |
Ginlong Technologies Co., Ltd. |
33.4
High
|
278 out of 301 |
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Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
JL MAG Rare-Earth Co., Ltd.'s Exposure is Medium
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
JL MAG Rare-Earth Co., Ltd.'s Management of ESG Material Risk is Average
How do the ESG Risk Ratings work?
Controversy Rating
Highest Controversy level that has impacted JL MAG Rare-Earth Co., Ltd.'s ESG Risk Rating in the last three years
Highest Controversy Level