Recently, Hang Seng Indexes Company Limited released the latest review results of the Hang Seng Index Series, and COSCO SHIPPING Energy (600026.SH; 01138.HK) has been selected as a constituent stock of the Hang Seng Corporate Sustainability Index Series with effect from September 4, 2023, for its outstanding performance in the area of sustainable development.
Hang Seng Indexes Company Limited, a leading index company in Hong Kong, has been at the forefront of the market since the launch of the Hang Seng Indexes in 1969, which are considered an indicator of Hong Kong's stock market, and has launched various series of market indicators. The Hang Seng Corporate Sustainability Index Series provides a benchmark for corporate sustainability investments. COSCO SHIPPING Energy is included in the following three indexes: Hang Seng (China A) Corporate Sustainability Index, Hang Seng (Mainland and HK) Corporate Sustainability Index Benchmark Series, and Hang Seng (China A) Corporate Sustainability Benchmark Index.
The selection of constituent stocks of the Hang Seng Corporate Sustainability Index is based on a robust process that includes consideration of the results from a sustainability assessment undertaken by the Hong Kong Quality Assurance Agency (HKQAA), an independent and professional assessment body, using its proprietary sustainability assessment and rating framework. The process ensures that indexes in the Hang Seng Corporate Sustainability Index Series are objective, reliable, and of high investability.
The fact of COSCO SHIPPING Energy being selected as a constituent stock of the index series is a recognition by the authoritative indexing organization of the company's ESG performance in recent years.
COSCO SHIPPING Energy has focused on improving its ESG governance performance, actively communicated with stakeholders, and strengthened ESG disclosure, fully demonstrating the company's investment value in respect of the ESG dimension. In addition to the Hang Seng Sustainability Index Series, COSCO SHIPPING Energy has recently been included in the CSI China Reform Central-SOEs ESG Growth 100 Index.
In terms of ESG ratings, COSCO SHIPPING Energy actively participates in the questionnaires of mainstream ESG rating organizations at home and abroad. Its ESG ratings continue to improve and stay at a relatively higher level; S&P's CSA score is 29, which is in the top 28% of the industry; and WindESG's comprehensive score is AA, with a ranking of 2/32 in the industry.
COSCO SHIPPING Energy is committed to providing stable and high-quality services to global customers, and acting as a "practitioner" for green shipping and low-carbon development to build a cleaner and more resilient business ecosystem. The company has published sustainability reports for 15 consecutive years since 2008 and has received around ten ESG-related awards since 2022. The Company released the Biodiversity Conservation Statement this year to further deepen its ESG governance practices. In the future, the Company will further invite stakeholders to share in governance, continue to find the "greatest common denominator" that unites all parties, and fulfill its social responsibility as a central enterprise, to effectively and efficiently balance the pursuit of commercial success and social value.