Recently, the "2023 Wind's Top 100 ESG Best Practices For Listed Companies" list was unveiled, and COSCO SHIPPING Energy earned its place on the list due to its exceptional performance in various areas, including environmental protection, social responsibility, and corporate governance. The company achieved an impressive WindESG rating of AA, securing the top position among 32 maritime companies.

The "2023 Wind's Top 100 ESG Best Practices For Listed Companies" list is based on the latest WindESG rating for all A-share and H-share companies, which encompasses approximately 8,000 firms. This meticulous screening process identifies the listed companies that exhibit the most outstanding ESG (Environmental, Social, and Governance) performance across various industries. It serves as a platform to showcase the remarkable contributions of ESG pioneers and encourages investors to recognize the ESG value generated by exceptional listed companies.

On December 20, 2023, the 2023 Transportation Corporate Social Responsibility (ESG) Annual Conference took place in Nanjing. Hosted by the China Association of Communication Enterprise Management, the conference centered around the theme of "New Mission, New Value, New Development". This event aimed to provide a platform for communication enterprises to share and exchange insights on their ESG initiatives. It is also an opportunity to highlight and promote exemplary ESG cases within the sector. COSCO SHIPPING Energy was honored the "Outstanding Report" in the 2023 Transportation Corporate Social Responsibility (ESG) evaluation.

The ESG Report Rating and Typical Case Collection of Transportation Enterprises were coordinated by the China Association of Communication Enterprise Management. A panel of experts was responsible for the selection, recommendation, and evaluation of ESG reports and cases from transportation enterprises. The primary goal of this initiative is to encourage transportation enterprises to excel in their performance of social responsibility, foster the development of an ESG ecosystem within the transportation industry, and comprehensively showcase the advanced experiences and practices of Chinese transportation companies across various dimensions, including ESG management, implementation, and transparent information disclosure.

These two honors are a well-deserved recognition of COSCO SHIPPING Energy's dedicated efforts and accomplishments in the realm of Environmental, Social, and Governance (ESG). COSCO SHIPPING Energy remains steadfast in upholding the sustainable development philosophy of "Energy - From Harmony". In parallel with efforts to fortify its fundamental strengths and attain robust performance, the company remains dedicated to refining its ESG governance structure and operational mechanisms. This includes enhancing the efficiency of ESG management practices and persistently addressing significant ESG challenges. These endeavors collectively serve to solidify the foundation for achieving high-quality development.

The company has consistently maintained a comprehensive understanding of ESG concepts, evolving trends, ESG disclosure requirements, diverse standards, approaches to conveying ESG information, and ideas for preparing ESG reports. Furthermore, it has conducted a critical self-assessment to evaluate its effectiveness and identify areas for improvement within the ESG domain. In 2023, these concerted efforts were rewarded with several notable accolades, including the "ESG New Benchmark Enterprise Award," the "Capital Power - 2023 Most Socially Responsible Listed Company Award" presented by Stock Star, and recognition as one of the "ESG Best Practice Cases of Listed Companies" by China Association For Public Companies. These accolades reflect the capital market's continuous recognition of the company's exceptional ESG governance achievements.

The objective of ESG governance is to enhance the operational performance of enterprises and optimize overall management efficiency. In the past, COSCO SHIPPING Energy has consistently delivered high-quality ESG reports for 15 consecutive years, adhering strictly to the SUAEE ESG Reporting Guidelines, GRI Sustainability Reporting Standards, SDG Corporate Action Guidelines, and the TCFD disclosure framework. Currently, the company is progressively gaining a deeper understanding of various ESG rating systems. It is actively working to establish more targeted capabilities for quantitative ESG data analysis, meticulously identifying industry-specific indicators and effective data points. Additionally, there is a comprehensive effort to enhance the company's ESG response mechanisms and overall approach, with a focus on achieving agility, efficiency, dynamism, and comprehensive coverage of industry challenges and development dynamics. Going forward, the company is confident in collaborating with all stakeholders to harness various ESG tools, employ scientific quantification, maintain a truth-seeking, pragmatic approach, and integrate these efforts with other financial investment strategies. The aim is to consistently align their institutional and product styles to achieve outstanding results in various ESG assessments and evaluations.