Recently, the 2023 Green Development Salon of Listed Companies and the Seminar on Sustainable Development and Value Recreation of Listed Companies with the theme of "Practicing ESG Concepts and Seeking New Development" was successfully held in Shenzhen. The conference was hosted by the Guangdong-Hong Kong-Macao Greater Bay Area Federation of Listed Companies, undertaken by Bohan Finance and Economics and Bohan Sustainable Development Center, and co-organized by Wantian Holdings and Shenzhen Mergers and Acquisitions Association of Listed Companies. Nearly 100 experts from the ESG field, scholars, executives of listed companies, and representatives of investment institutions gathered together. The meeting also commended the listed companies with outstanding performance in A-share and H-share ESG affairs in 2023 000002SZ), CIMC (000039SZ) won the 2023 ESG Leadership Award.
From corporate ESG to urban sustainability
Li Zhuwen, Director of Sustainable Development of CIMC Group, said that CIMC has done a lot of meticulous things in ESG work, such as relevant party research, which CIMC has conducted for five consecutive years, with more than 20,000 surveys. It is through extensive research that CIMC has identified eight important issues for the entire group, which have become the starting point for the company's sustainable development strategy. Through the analysis of energy and carbon indicators in the investigation, the team finally decided to promote the company's rooftop PV, which is a typical case of research findings, data-driven, and operational improvement. Last year, CIMC built rooftop photovoltaic power generation facilities in 17 factories, and more will be built this year. CIMC is also gradually upgrading its manufacturing business with more than 30 national, provincial and municipal green factories. CIMC is also exploring green finance, and issued the first blue bond in the Guangdong-Hong Kong-Macao Greater Bay Area as early as 2022.
Wang Xuejing, Chairman and CEO of Bohan Finance, Chairman of Bohan Sustainable Development Center, and Chairman of the ESG Committee of the Guangdong-Hong Kong-Macao Greater Bay Area Federation of Listed Companies, believes that for listed companies, ESG is moving from a "multiple-choice question" to a "must-answer question". As of July 2023, the ESG information disclosure rate of A-share listed companies in 2022 has reached 3485%, an increase of 3 from last year56%。Among them, listed companies controlled by central enterprises have played the role of "leader" and "main force" in ESG information disclosure, with an ESG report disclosure rate of 87%. In terms of Hong Kong stocks, as of September 8, 2023, the ESG information disclosure rate of Hong Kong-listed companies in 2022 reached 949%。Among them, the ESG information disclosure rate of the Hang Seng Index constituent companies reached 100%. Wang Xuejing believes that incorporating ESG concepts into the daily operation of enterprises will help enterprises to operate more steadily and standardize governance. In the promotion of ESG matters, different stakeholders have different expectations, demands and concerns about ESG, and have different ways to participate in the promotion of ESG, and the realization of ESG goals of listed companies requires communication and cooperation with a wider range of stakeholders.
The country requires low-carbon, green and high-quality economic development, and listed companies must conform to this policy and the direction of the times. Zhang Yalong, President of the Hong Kong Institute of Sustainable Development and Executive Director of the Shenzhen Institute of Sustainable Development, believes that the concept of ESG is moving from the sustainable development of enterprises to the sustainable development of the entire city, and even the green and high-quality development of the whole country. Zhang Yalong introduced that at present, some leading cities, such as Nanjing, have been building ESG cities as an investment concept. Zhang Yalong suggested that companies should take one step at a time when practicing ESG matters. Compared with the world's leading enterprises, ESG is the same word, but for our small and medium-sized enterprises, the specific things we have to do are different.
ESG penetration of listed companies is becoming more and more deep
Zhan Juan, vice president of Hua Pengfei, an A-share listed company, took her own company as an example to introduce the development and penetration of ESG concepts in small and medium-sized listed companies. Hua Pengfei, as a logistics service provider of listed energy storage and battery companies such as Huabao New Energy and Beiteri, upstream listed companies will run the ESG concept through the downstream ** business, starting from 2022, Hua Pengfei has released ESG reports and began to use the ESG language system to dialogue with the upstream and downstream. After the penetration of ESG concepts, Hua Pengfei decided to enter the field of green packaging. In addition, Hua Pengfei has even set up a professional subsidiary, Huahe Carbon, to explore the carbon asset management business.
Chen He, head of sustainable development of Jinjing New Energy, also revealed that the company was originally a traditional construction company, and now it is ready to rely on ESG concepts to carry out business transformation around smart energy. Jinjing New Energy also plans to promote the concept of sustainable development to the upstream and downstream of the industrial chain, such as telling customers how much money you can save by replacing diesel with energy storage power generation through data visualization tools, and how much carbon emissions can be reduced, and in the future, it also plans to build a zero system to help the entire building control the entire carbon emissions. In addition, Jinjing New Energy is also promoting the construction of charging piles and power battery ** business in Hong Kong.
China Wantian Holdings (1854.)HK) CFO and secretary of the board of directors Liu Youzhuan introduced that the company has set up an internal control department to review and inspect ESG factors in all aspects of the company's operation and report to the board of directors. At the external level, first of all, the most important element of the Wantian industrial chain "food safety" is included in the ESG report, carbon reduction and emission reduction are done in the operation process, and the ESG situation of upstream and downstream enterprises in the first chain is assessed. In the future, Wantian also plans to further develop the Middle East market and land green ingredients and green farms in the Middle East. Liu Youzhuan said that Wantian Holdings helps people in the Middle East achieve green food self-sufficiency, which is also the biggest ESG.
Vanke and CIMC won the ESG Leadership Award
The salon also presented awards to companies with outstanding ESG performance. The Guangdong-Hong Kong-Macao Greater Bay Area Federation of Listed Companies, together with Bohan Sustainable Development Center and other institutions, jointly launched the "2023 ESG Innovation Awards", and among the nominations of more than 300 listed companies and quasi-listed companies that received nominations, the company's practices and achievements at the environmental, social and governance levels were examined through a systematic evaluation system, and the final list of winners was determined.
Two A+H share companies, Vanke A (000002SZ) Vanke Enterprise (2202HK), CIMC (000039sz)（2039.HK) won the "2023 ESG Leadership Award" for its outstanding performance in the ESG field.
Photo: Zhong Xueyong (middle), founding chairman of the Guangdong-Hong Kong-Macao Greater Bay Area Federation of Listed Companies, presented awards to Vanke and CIMC
In addition, 8 companies won the "2023 ESG Innovation Award", and the winners are Chuangsheng Holdings (2680.).HK), Tianji Holdings (1520HK), Derivative Group (6893.HK), Kingsoft Energy (0663HK), China Wantian Holdings (1854.).HK degree (1361.HK), Jinjing New Energy (1783HK), still Zhi Group Holdings (8079hk）。