Recently, China Media Group officially released the “Yangtze River Delta ESG Action Report”. With its outstanding performance in ESG, Shanghai Electric has been selected for the “Yangtze River Delta Pioneer 50 List of China ESG Listed Companies 2024”, and has become one of the four state-owned enterprises in Shanghai that have been selected for the list.

In recent years, Shanghai Electric has been striving for the realization of the “dual-carbon” goal, contributing to the “Belt and Road” and other national strategies, actively practicing the ESG concept, constructing the ESG management system, improving the ESG information disclosure, and making breakthroughs in implementing sustainable development governance principles and other areas. It has published ESG reports for eight consecutive years.

In terms of ESG practices, Shanghai Electric is committed to promoting green energy transformation, helping to achieve the “dual-carbon” goal through technological innovation and new energy planning. It has been demonstrating its role as a corporate citizen and strengthening its social responsibility through investment in scientific research and talent cultivation, as well as active participation in community and environmental projects. It strictly complies with regulatory requirements and establishes an efficient and transparent corporate governance structure, to ensure operational compliance and transparency, comprehensively promoting the sustainable development of the economy, society and the environment.

This honor is a recognition and affirmation by the authority of Shanghai Electric's long-term devotion and continuous improvement in the field of ESG. Currently, Shanghai Electric maintains grade A in MSCI ESG rating and has been included in the Hang Seng Corporate Sustainability Index Series. Having been selected as one of the “ESG Excellent Practice Cases of Listed Companies in 2023 - ESG Comprehensive Practice” by the China Association for Public Companies, it has gained wide recognition from the capital market and the public.

It is reported that the “Yangtze River Delta ESG Action Report” is jointly released by China Media Group, State-owned Assets Supervision and Administration Commission of the State Council (SASAC), All-China Federation of Industry and Commerce (ACFIC), China Academy of Social Sciences (CASS) State-owned Economy Research Think Tank, China Enterprise Reform and Development Society (CERDS) and other authoritative organizations. It serves as another key report of the “China ESG Release” series for 2024, focusing on how enterprises in the Yangtze River Delta can take a proactive stance in promoting collaborative innovation and cooperation in the field of ESG, and provide new momentum for integrated regional development.

The report selects 972 listed companies as the sample space, and systematically selects 50 listed companies in the Yangtze River Delta with outstanding performance in the field of ESG, and researches how they have enhanced the comprehensive value of their enterprises and achieved sustainable development through the practice of ESG concepts. A total of 28 Shanghai-based companies have been included in the “Yangtze River Delta Pioneer 50 List of China ESG Listed Companies 2024”, of which 9 are in the manufacturing industry.