China Reform Holdings Corporation LTD. (CRHC) released the "China Reform Central SOEs ESG Growth 100 Index" and CRHC ESG Evaluation System, and COSCO SHIPPING Energy was successfully selected by China Reform Central SOEs ESG Growth 100 Index by virtue of its excellent ESG practices and growth characteristics.
CSI China Reform Central SOEs ESG Growth 100 Index is the first centralized enterprises ESG Smart Beta index in the market, which is jointly developed by Reform Consulting Limited, a subsidiary of China Reform Holdings Corporation LTD. (hereinafter referred to as "CRHC"), and CSI Indexes Limited. As the first centralized enterprise ESG index in the market, the CSI China Reform Central SOEs ESG Growth 100 Index fills the gap of centralized listed enterprises in the field of ESG indexes. Its technical solutions are formulated in accordance with the requirements of on business indicator system of central enterprises by the SASAC (State owned Assets Supervision and Administration Commission), that is, total profit, asset liability ratio, operating cash ratio, return on equity, R&D investment ratio, and total labor productivity, which not only focuses on the reasonable growth of operational benefits, but also emphasize the improvement of development quality, reflecting the balance of central enterprises in terms of scale and speed, quality and efficiency, development and safety. The index combines ESG and ESG momentum factors with profitability and growth factors, taking into account both ESG momentum and growth momentum of central enterprises, and accurately covers leading enterprises in multiple fields. Among them, the total free-circulated market value of the constituent stocks is about RMB 2 trillion, and there are 17 enterprises with a total market value of more than RMB 100 billion, involving 11 industries such as energy, electronics, transportation and computer.
As a listed company controlled by a central enterprise, COSCO SHIPPING Energy strengthens its sense of duty, promotes mutual understanding and value recognition with all stakeholders, and is committed to realizing the effective unity of corporate value and social value. For 15 consecutive years, COSCO SHIPPING Energy has published a sustainability report to disclose and demonstrate the company's performance in the areas of environment, society and governance to stakeholders.
As an important force in global energy transportation, COSCO SHIPPING Energy always maintains firm strategic resolve, adheres to the essence of shipping services, upholds the social responsibility value of "Energy originates from cooperation", integrates corporate citizenship into its corporate governance and business operations, and spares no effort to ensure the safety and smoothness of energy transportation. Through all above efforts, it provides stable and high-quality services to global customers, and act as an "practitioner" for green shipping and low-carbon development to build a cleaner and more resilient business ecosystem.
In the future, COSCO SHIPPING Energy will take the initiative to explore effective paths, serve and integrate into the new development pattern, and firmly adhere to the strategic goal of "global leadership in four sectors”. It will also actively respond to international standards and initiatives, and work with stakeholders to build a high-quality energy transportation ecosystem, so as to deliver energy for global sustainable development.