Recently, Tian Lun Gas (01600) obtained A-level rating in the rating of Miotech, an emerging ESG (i.e. environmental, social and governance) rating agency, and entered the first echelon of China’s urban gas industry, reflecting the phased achievements of the company in the implementation of sustainable development strategy.
It is reported that Tian Lun Gas scored 77.39 out of 100 (as of September 30, 2020), higher than the average score(73 points) of the gas industry，falling within the grade A range. In the scores of environmental, social and governance, Tian Lun Gas scored 94.74/100 in the environmental module, and was rated by the leading industry in the sub items of waste pollution, water resource consumption, energy consumption and greenhouse gas emission. In addition, the score of the sub item of supply chain management in the social sector was also rated by the leading industry, It reflects the company’s active participation and strong internal management in environmental protection issues such as reducing energy consumption and carbon neutralization. Similar companies in this sector include ENN (02688), China Gas (00384), China Resources Gas (01193), etc.
Miotech is an ESG technology, data and analysis expert in Asia. It has previously received investment from well-known institutions including Moody’s, a world-famous bond rating agency, and Victoria Harbour investment under Li Ka Shing. The platform provides institutional customers with ESG data, real-time risk monitoring, ESG rating, index, research and consulting services. Miotech uses artificial intelligence to process massive unstructured data, combines it with industrial chain, shareholding, investment and other alternative databases, and uses ESG data to form a complete corporate social responsibility performance map. Miotech first started in Hong Kong and overseas markets. Last year, the revenue from overseas markets accounted for more than 50%. This year, the company has made great efforts to develop in the mainland market, with typical customers such as asset management institutions (public offering, bank financial management subsidiaries, etc.), listed companies, regulators and government departments.
Source:Zhitongcaijing