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COSCO SHIPPING Development Included into the "Central Enterprise ESG•Pioneer 100" Index
发布时间: 2023-09-25

On September 23, the Central Enterprise ESG Forum, guided by the Social Responsibility Bureau of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) and organized by the China Social Responsibility 100 Forum, was held in Jinan, Shandong Province. COSCO SHIPPING Development was included into the "Central Enterprise ESG•Pioneer 100" index issued by the forum.

Wang Yang, deputy director of the Social Responsibility Bureau of SASAC, attended the forum and delivered a speech. Wang Yang pointed out that the ESG concept is highly compatible with the new requirements for the new era as well as a series of major arrangements made by the Party Central Committee and the State Council, which have been quickly and generally recognized. Central enterprises are the backbone of national economy, and listed companies controlled by central enterprises have an important standing and extensive influence in China's capital market. Deepening the practice of ESG concept, coordinating and strengthening ESG management, are not only an objective requirement to align with international rules and better competing in the market, but also are an inevitable requirement to implement the spirit of the 20th CPC National Congress and the new development philosophy and achieve high-quality development.

  Commissioned and guided by the Social Responsibility Bureau of the SASAC and prepared and published by Responsibility Cloud Research Institute, the "Central Enterprise ESG • Pioneer 100" index mainly assesses the overall performance of listed companies controlled by the central enterprises in three aspects: ESG governance, social and environmental value creation, and risk management level. The index selects the top 100 enterprises in terms of scores and forms a series of indexes to provide important reference for the SASAC to coordinate and promote the ESG work of listed companies controlled by central enterprises.

  COSCO SHIPPING Development has always been upholding the philosophy of "excellence" and the core values of "integrity, efficiency, enterprise and win-win". It has further deepened the dynamic, comprehensive and in-depth integration of the ESG concept with the Company's development strategy, governance logic, operational measures, corporate culture and work practices, and has been committed to achieving integrated development of industry, finance and investment by focusing on the main line of integrated logistics industry coupled with the core business such as shipping leasing, container leasing and container manufacturing, and supplemented by the expansion of the shipping and logistics industry and finance services, and supported by the investment management. In recent years, the Company were repeatedly honored and recognized in the ESG field both at home and abroad with its robust ESG governance and information disclosure.

  Moving forward, COSCO SHIPPING Development will continue to move round the national top-level strategic requirements and focus on the Company's high-quality development goals by further improving its ESG professional governance, risk management and value creation capabilities, further optimizing the Company's internal ESG governance performance, and refining its external ESG disclosure level, so as to contribute its continuous efforts to the construction of an ESG system with Chinese characteristics by communicating the confidence and determination of the Company for its high-quality development to all sectors of the society with firm and steady progressive steps.

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