Under the influence of the green development, ESG (Environment, Social and Governance) is being endowed with a new times connotation, i.e. an integrated, comprehensive and multi-level evaluation of whether enterprises can maintain sustainable development.

Adhereing to the concept of ESG, Luen Mei Holding (600167.SH) promotes the steady development of enterprises, continuously upgrades its integrated energy service, and actively fulfills its social responsibilities. In 2020 and 2021, it released the Report on Environment, Social and Governance (ESG) in both Chinese and English versions, and the related work has been recognized by market institutions.

In January 2022, among 50 A-share companies with best ESG rating selected by Shenwan Hongyuan, Luen Mei Holding was listed as one of the "50 Best ESG" stock pools. In accordance with the recent data of "2021 Sino-Securities Index ESG Rating", Luen Mei Holding has been rated as "AA" in ESG rating of A-share listed companies, and its ESG value has been accredited again.

The carbon peaking and carbon neutrality goals provide both opportunities and challenges for the development of ESG of enterprises. Only by developing ESG in advance and paying close attention to its own ESG value can enterprises gain competitive edges in future development, form strong resilience, and achieve high-quality development in a more targeted and sustainable way. It can be predicted that the age of ESG information disclosure of A-share listed companies is coming soon.

Li Ming, Director of the Dept. of Listed Company Supervision of China Securities Regulatory Commission (CSRC), believes that strengthening ESG information disclosure is conducive to encouraging enterprises to pay more attention to environmental protection, energy consumption, internal governance, etc.; and on the other hand, enterprises with better ESG performance incline to get the recognition and favor of investors, especially long-term funds from institutional investors, and get the support of capital market, thus accelerating the pace of becoming better and stronger.

According to statistics from Wind, China's A-share listed companies disclosed 1,159 ESG reports in 2021, accounting for 24.74% of the total number of A-share listed companies (4,684).

Among them, Luen Mei Holding has released the Report on Environment, Social and Governance (ESG) in both Chinese and English versions for two consecutive years (2020 and 2021). Aimed at international and Chinese investors respectively, this report elaborates the ESG governance system of companies.

With the increasing emphasis on ESG rating by listed companies in China, combined with rating authority, data availability and A-share coverage, Time Business School holds that the ESG rating system of Sino-Securities Index has the widest coverage, covering almost all A-share listed companies. Besides, it has added characteristic indicators suitable for China's national conditions, such as poverty alleviation and CSRC punishment, and introduced the industrial weighted average method for ESG evaluation.

According to the latest ranking of this list, the following companies, such as Luen Mei Holding, China Railway Materials Company Limited (CRM), Haitian Flavoring and Food Co., Ltd, Shanghai CEO Environmental Protection Technology Co., Ltd, Joyoung Company Limited, Zhonghuan Environmental Protection Technology Co., Ltd, Dongjiang Environmental Protection Technology Co., Ltd and others, have all been upgraded to "AA" and above.