China Media Group released the "2024 ESG Action Report" to help China's high-quality economic development
On the afternoon of June 30, the Financial Program Center of China Media Group officially released the "2024 ESG Action Report on China's ESG (Corporate Social Responsibility)" at the Beijing Media Center. The report takes 6,471 A-share and Hong Kong-listed companies as the sample space, selects 972 listed companies as evaluation objects, presents the ESG characteristics and trends of Chinese enterprises, compiles and forms the "China ESG Listed Companies Pioneer 100" list (2024), and puts forward suggestions to promote the high-quality development of ESG in China.
According to the 2024 ESG Action Report, global ESG regulation will accelerate in 2024, domestic ESG policies will be frequently introduced, and with the promotion of national ministries and commissions, regulators and mainstream media, Chinese enterprises will take new steps in ESG development and walk out of "acceleration": the 100 "Pioneer 100 ESG Listed Companies in China" shortlisted in the report, The average ESG index jumped to 77.4 points, and the number of companies with five-star excellence levels reached 20, a significant increase from 2023. More than 60% of China's listed companies have set quantitative targets to address climate change, and 85% of them have disclosed their annual greenhouse gas emissions. Nearly ninety percent of the "Pioneer 100 (2024)" companies have integrated ESG into their supply chain management, extending the ESG concept to all aspects of the supply chain.
The report takes 6,471 listed companies in A-share and Hong Kong stocks as the sample space, benchmarks a number of domestic and foreign standard guidelines and evaluation systems, and builds a general index system including 3 first-level indicators, 20 second-level indicators, and 122 third-level indicators, and compiles and forms the list of "China's ESG Listed Companies Pioneer 100" (2024), China Resources Power, China Mobile, Sinopec, Baosteel, Tencent Holdings, Yili Shares, Ping An of China, Geely Automobile, Mengniu Dairy, 100 listed companies including China Resources Land were selected.
Peng Huagang, former member of the Party Committee and Secretary-General of the State-owned Assets Supervision and Administration Commission of the State Council and President of the China Enterprise Reform and Development Research Association, said in his speech that since the beginning of this year, ESG regulatory policies in mainland China have been continuously strengthened. Under the new situation of accelerated and vigorous development of ESG regulation in China, the brand series of activities of the China ESG Release and Role Model Ceremony, with its strong leadership, demonstration, authority and credibility, will surely inspire more Chinese enterprises to actively embrace the concept of ESG, comprehensively promote ESG work, and show a more outstanding demeanor. At the same time, it is conducive to promoting the construction of an ESG system with Chinese characteristics and better serving the high-quality development of Chinese-style modernization.
△Peng Huagang, former member of the Party Committee and Secretary-General of the State-owned Assets Supervision and Administration Commission of the State Council, and President of the China Enterprise Reform and Development Research Association
Cai Jun, director of the Financial Program Center of China Central Radio and Television, said in his speech that in the past year, under the guidance of the concept of sustainable development, China's ESG development has been steadily promoted, the system construction has been continuously improved, and the corporate practice has accelerated.
△ Cai Jun, director of the Financial Program Center of China Central Radio and Television
Under the leadership of the China Securities Regulatory Commission, the China Association of Listed Companies has been actively promoting the ESG-related work of listed companies and is committed to promoting the quality improvement of listed companies. Through the release of sustainable development reports, Chinese listed companies take the initiative to disclose to the public their key information on ecological and environmental protection, social responsibility and corporate governance, and take the release of the report as an important foothold for deepening the concept of sustainable development, and promote the continuous deepening of sustainable development practices.
△ Song Zhiping, President of the Association of Listed Companies
Yang Jie, Chairman and Secretary of the Party Leadership Group of China Mobile Communications Group, said that ESG is currently changing from a multiple-choice question to a mandatory question for enterprises, and practicing ESG concepts and promoting high-quality sustainable development is an important measure for enterprises to implement the requirements of the central government and promote Chinese-style modernization. At the same time, it is also an important way to respond to social concerns and meet people's better life, participate in global competition, and enhance international competitiveness. China Mobile actively practices the concept of ESG, and bravely serves as a technology power, a network power, and the main force of digital China. Accelerate the transformation and upgrading of production, life, and governance empowered by digital intelligence technology, and promote the development of networking, digitalization, intelligence, high-end, green, and low-carbon.
Wang Xiangming, Secretary of the Party Committee and Chairman of China Resources Group, said that China Resources continues to innovate and is committed to becoming a creator of social responsibility and ESG value, and has continued to carry out the practice of fulfilling its responsibilities in different industries based on its business characteristics, such as China Resources C'estbon Disaster Relief and Public Welfare Rapid Response Mechanism, China Resources Land Multi-level and Affordable Rental Housing Apartment Project, China Resources Power, Yangtze River Economic Belt, Rural Revitalization Demonstration Zone, China Resources Gas, Urban Pipeline Renovation and Upgrading Project, China Resources Pharmaceutical and Health Village Project, etc. China Resources Hope Town and China Resources Hope Village continued to be built, and 18 Hope Towns and 11 Hope Villages were formed as a brand for rural revitalization.
Zhao Dong, General Manager and Deputy Secretary of the Party Leadership Group of China Petroleum & Chemical Corporation, said that Sinopec has been actively exploring ways to continuously improve its ESG governance structure and strengthen ESG management, vigorously implement the green and clean development strategy, actively build China's No. 1 hydrogen energy company, build the world's largest hydrogen refueling station network, and continue to carry out Sinopec's "Guangming Lifeline Express Public Welfare Project", which has helped 56,000 low-income cataract patients in 18 provinces and regions to regain their brightness and continuously improve the ESG governance system in the past 20 years. Its nine listed companies have achieved full coverage of ESG reports, and the quality of disclosure has continued to improve, forming a virtuous circle of synergy between disclosure and management.
Yu Xubo, Chairman and Secretary of the Party Leadership Group of China General Technology Group, said that as a leading enterprise in the fields of machine tool equipment and medical health and the main force participating in the construction of the "Belt and Road", General Technology Group regards ESG as an active strategic choice, and maximizes the creation of comprehensive economic, social and environmental value as an important embodiment of the high-quality development of the enterprise. In the main business of machine tools, medicine, new materials and other main businesses, the implementation of energy structure adjustment and green upgrading, the release of green and low-carbon energy standards to fill the gap in the domestic hospital, and actively layout green industries; The first domestically produced lyocell fiber production line in China was built, making China the second country in the world to have green fiber industrialization technology; Vigorously develop new energy business, with an installed capacity of more than 1G watts at home and abroad.
△ Yu Xubo, Chairman and Secretary of the Party Leadership Group of China General Technology Group
Sun Yongcai, Secretary of the Party Committee and Chairman of CRRC Group Co., Ltd., said that CRRC insists on creating value for the society, users, partners, shareholders, and employees. The world's largest power of 20 megawatts, semi-direct drive permanent magnet wind turbine successfully rolled off the production line. To enhance its value creation capabilities, it has continuously obtained orders of more than US$5 billion overseas this year, and the DLS project of Guadalaja Light Rail Line 4 in Mexico has been selected into the "Belt and Road" ESG Action Report.
△ Sun Yongcai, Secretary of the Party Committee and Chairman of CRRC Group Co., Ltd
Wang Tongzhou, Secretary of the Party Committee and Chairman of China Communications Construction Group, said that as the world's leading comprehensive service provider of super-large infrastructure, under the leadership of the State-owned Assets Supervision and Administration Commission of the State Council, China Communications Construction Group has taken the lead in the construction of overseas ESG standards for construction central enterprises, independently carried out research on ESG projects of transportation infrastructure projects, and participated in the compilation of a series of ESG group standards to help build an ESG standard system with Chinese characteristics and in line with international standards. We will further implement the dual-carbon strategy and build a green and low-carbon standard system for transportation infrastructure, including 75 national standards, 90 industry standards, 37 group standards, and 65 enterprise standards.
△ Wang Tongzhou, Secretary of the Party Committee and Chairman of China Communications Construction Group
Xu Zengde, Secretary of the Party Committee and Chairman of China Certification & Inspection Group, said that the three dimensions of E, S and G are not only the key indicators for evaluating the sustainable development of enterprises, but also the inevitable requirements for implementing the new development concept, building a new development pattern, and promoting high-quality economic and social development. Relying on more than 100 international qualifications and comprehensive quality service capabilities covering the three major industries of agriculture, industry and service industry, CCIC focuses on the 17 Sustainable Development Goals of the United Nations, and has made a comprehensive layout in the fields of green and low-carbon, energy transition, and compliance management, formulated two international standards, 17 national standards, and two industry standards in the three dimensions of ESG, including environmental management, energy management, compliance management, and social responsibility management, and undertook more than 20 major projects.
△ Xu Zengde, Secretary of the Party Committee and Chairman of China Inspection and Certification Group
Yu Yong, Secretary of the Party Committee and Chairman of HBIS Group, said that ESG has become a distinctive background for the high-quality development of Chinese enterprises, and the mainland has built the steel industry system with the most complete and largest industrial chain in the world. Under the in-depth practice of ESG, China's steel industry has comprehensively promoted green transformation, continuously demonstrated a new image of high-tech, high-efficiency and high-quality, and realized the transformation and upgrading of the industry to green, production lines to quality, and products to the first. HBIS Group is building three strategic support projects of HBIS South Africa Mining, HBIS Serbia and HBIS JCDecaux under the "Belt and Road" initiative, maintaining the steady operation of the whole industry chain, and HBIS Group has become the most internationalized steel enterprise in China for 7 consecutive years.
△ Yu Yong, Secretary of the Party Committee and Chairman of HBIS Group
Pan Gang, Chairman and President of Yili Group, said that Yili has actively practiced the ESG concept over the years and has continued to evolve. From the proposal of green leadership in 2007 to the release of comprehensive value leadership goals in 2021 to the drafting of the "2030 Declaration of Beauty" in 2023, we have always been committed to building a social enterprise and creating greater value for stakeholders. In 2023, Yili's carbon emissions will be reduced by 43,000 tons year-on-year, and the green content will continue to increase while continuing to reduce the carbon content, and work with partners such as the China Green Foundation and the World Wide Fund for Nature to plant Saxon trees in Alxa, Inner Mongolia, protect Asian elephants in the tropical rainforests of Yunnan, and build nests for Chinese ducks in Heilongjiang, so as to jointly protect the diverse beauty of the earth.
△ Pan Gang, Chairman and President of Yili Group
At the event, the first ESG information disclosure and release service platform in China was officially launched. The information disclosure platform will give full play to the communication advantages of CCTV financial channel and CCTV financial client, and the Chinese Academy of Social Sciences will provide academic and technical support, and release the text report and video report of the enterprise letter disclosure in a combination of large and small screens. It aims to empower Chinese enterprises and foreign companies in China to continuously disseminate the highlights of ESG information disclosure reports and build a responsible brand image with an authoritative national media platform, cutting-edge technology and professional media power.
Lan Yi, Member of the Party Committee and Deputy General Manager of China Resources Group, Zhu Laibin, Member of the Party Leadership Group and Deputy General Manager of COFCO, Fu Chengyu, Founding President of the International Institute of Carbon Neutrality and Former Chairman of China Petroleum & Chemical Corporation, Liu Mingzhong, Vice President of China Enterprise Reform and Development Research Association, Former Secretary of the Party Committee and Chairman of China First Heavy Group, Wang Yihua, Member of the Party Leadership Group and Chief Accountant of China Huaneng Group Co., Ltd., Huang Qing, Assistant General Manager, Secretary of the Board of Directors and Spokesperson of China Energy Investment Group Co., Ltd., Huang Jingan, Member of the Party Committee and Deputy General Manager of China Chengtong Holding Group Co., Ltd., Wan Xinming, Member of the Party Committee and Deputy General Manager of China Certification and Inspection Group Co., Ltd., Li Kaimeng, Chief Economist of China International Engineering Consulting Co., Ltd., Tang Yuli, Secretary of the Board of Directors of China Guoxin Holdings Co., Ltd., Chairman of Guoxin Consulting Co., Ltd., Wei Rushan, Member of the Standing Committee of the Party Committee and Deputy General Manager of China National Building Materials Group Co., Ltd., Zhang Hongsheng, Director of the Office of the Board of Directors of China State Construction Group Co., Ltd., Deputy Director of the Office of China Resources Group, Yang Yong, Director of Rural Revitalization Office of China Resources Group, Shi Baofeng, Secretary of the Party Committee and Chairman of the Board of Directors of China Resources Power, Zhang Jian, Vice President of Samsung China, Chen Juhong, Vice President of Tencent, Zhang Yipeng, Vice President of Yili Group, and Ha Xuesheng, Deputy Director of the Financial Program Center of China Central Radio and Television, attended the event.
Also present were representatives of cooperative units: Fan Jianlin, vice president-elect of the China Enterprise Reform and Development Research Association and former director of the Retired Cadres Administration of the State-owned Assets Supervision and Administration Commission of the State Council, Tan Jian, vice president and secretary general of the China Enterprise Reform and Development Research Association, Zhang Xiaosong, director of the Social Responsibility Division of the Social Responsibility Bureau of the State-owned Assets Supervision and Administration Commission of the State Council, and Daniel Zhang, director of the Guangcai Business Division of the Social Service Department of the All-China Federation of Industry and Commerce. Zhang Zhengwei, Special Advisor to the President of the ISSB International Sustainability Standards Board and Director of the Beijing Office, Zhong Hongwu, Professor of the Chinese Academy of Social Sciences and President of the Responsible Cloud Research Institute, and Wang Yuanfeng, Vice Chairman of the China Development Strategy Research Association and Director of the Center for Carbon Neutrality Technology and Strategy of Beijing Jiaotong University. Representatives from China Quality Certification Center, National Climate Center, Hong Kong Ta Kung Wen Wei Media Group, EU China Chamber of Commerce, PetroChina Co., Ltd., China Southern Power Grid Energy Storage Company, China Huadian Group Co., Ltd., Guodian Power, NARI Group Co., Ltd., Yangtze Power, China Minsheng Bank, Lenovo Group, BYD and other institutions and enterprises participated in the launch event.
At present, the relevant content of the release event has been officially launched in the "China ESG Release" section of the CCTV financial client.