Recently, the ESG(Environmental, Social, and Governance) evaluation results were officially unveiled by China Reform Holdings Corporation Ltd. (hereinafter referred to as "China Reform"), and the ratings for 890 A-share listed companies, all above the BBB level, were publicly released by China Reform Consulting, a subsidiary of China Reform. COSCO SHIPPING Development Co., Ltd. (hereinafter referred to as "COSCO SHIPPING Development" or "the Company", stock code: 601866.SH/2866.HK) is honored to receive an A rating from the China Reform ESG evaluation.

Building ESG capabilities is increasingly recognized as crucial for companies aiming for green transformation and long-term sustainability. It reflects a company's commitment to social responsibilities and social value creation. It has become the new benchmark for measuring a company's capacity for sustainable development,value philosophy, and operational approach. The China Reform ESG rating system is the first ESG evaluation system released by a central enterprise, and this round of ESG evaluation results are based on a comprehensive assessment within this system. The ESG evaluation covers more than 4,900 A-share listed companies across 31 Shenwan primary industries, primarily based on the companies' disclosures for 2022 ESG/sustainable development/social responsibility reports and 2022 annual reports. The central rating level of the evaluation results is BB. Among them, 890 companies achieved a rating of BBB or above, accounting for 18.10%.

Guided by the concept of "Excellence", with "integrity, efficiency, proactiveness and mutual benefit" as its core values, COSCO SHIPPING Development has always integrated ESG philosophies into its core strategy, management framework, corporate culture, and business operations. The Company not only closely monitors the needs of internal and external stakeholders but also focuses on identifying and managing ESG risks, while insisting on responding to concerns from all sides with robust improvement in ESG governance levels and ESG performance. In recent years, thanks to its continuous deep cultivation in ESG and solid ESG governance and disclosure quality, the Company has received numerous ESG honors and recognition at home and abroad.

Looking forward, aligning with national top strategic requirements and its vision for high-quality development, COSCO SHIPPING Development will continue to calmly address multifaceted regulatory requirements, actively respond to market concerns, further refine the Company's ESG governance performance and disclosure quality, and demonstrating its unwavering confidence and determination in sustainable development through credible ESG governance outcomes.



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Cosco Shipping Development Co. Ltd. published this content on 08 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2024 07:33:01 UTC.