Recently, Shanghai Electric was included in three indexes of Hang Seng Corporate Sustainability Index Series, i.e. Hang Seng (China A) Corporate Sustainability Index, Hang Seng (China A) Corporate Sustainability Benchmark Index, and Hang Seng (Mainland and HK) Corporate Sustainability Index. Meanwhile, Hang Sang also upgraded the ESG (Environmental, Social and Governance) rating of Shanghai Electric to “A”, recognizing the extraordinary performance of the company in environmental protection, social responsibility and corporate governance.

Constituent selection is based on a robust process that includes consideration of the results from a sustainability assessment undertaken by Hong Kong Quality Assurance Agency (HKQAA), an independent and professional assessment body, using its proprietary sustainability assessment and rating framework. 7 core metrics, i.e. corporate governance, human rights, labor practices, environmental protection, fair operation, consumers, community engagement and development, are included in the rating framework. ESG data of listed companies are collected through public information acquisition and enterprise questionnaires to evaluate their performance. Shanghai Electric was recognized for its extraordinary results in all 7 metrics, thanks to our commitments to ESG governance architecture optimization, reinforced board focus on ESG governance, labor rights protection, employee development, increased share of new energy business, higher shareholder value, and the open mind on ecosystem cooperation. Especially, Shanghai Electric was among the first to produce pandemic control supplies in the pandemic, which highlighted our CSR as a state-owned enterprise.

It is learned that about 450 H Share listed companies and 1,230 A Share listed companies will be chosen for rating by Hang Sang every year in line with varied criteria, including market value, turnover and time of IPO. Top 20% rated companies of H Share companies and Top 10% rated of A Share companies will be included as constituents of the Hang Seng (China A) Corporate Sustainability Benchmark Index; and only Top 30 companies as constituents of Hang Seng (China A) Corporate Sustainability Index.