On Jan 12, China's leading Hong Kong and U.S. stock information platform Zhitong Caijing and professional data and analysis service provider Ranking Technology jointly released the "2021-2022 Hong Kong Capital Market ESG White Paper", which focuses on four sections: "Research Background", "Overview of ESG Disclosure in Hong Kong Stocks", "Case Studies" and "ESG Investment and Financing Trends and Outlook". The White Paper is organized around four sections: "Background of the Study", "Case Studies of Enterprises" and "ESG Investment and Financing Trends and Outlook".
As a case study in the utility sector, Tian Lun Gas (01600) demonstrated its ESG management system, which is able to comprehensively implement ESG management from strategy, internal control of risks, and daily operations, so as to improve ESG management and effectively address ESG risks and opportunities. At the same time, Chidings Technology gave Tianlun Gas an "A" rating (62.33 points), reflecting the recognition of Tianlun Gas' ESG sustainability capability.
In addition, Zhitong has learned that another ESG rating agency, Miotech, updated its ESG rating for Tian Lun Gas in the fourth quarter of 2021, maintaining Tian Lun Gas' "BBB" rating, with the total score has increased to 73.34.
Since the introduction of IFC, a subsidiary of the World Bank, a few years ago, Tian Lun Gas has continued its efforts to improve ESG. A number of indicators stand out in the newly announced 2020 ESG Annual Report. a $50 million credit facility from the Asian Development Bank in July 2021, which the Board of Directors sees as an affirmation of Gas' social responsibility and corporate mission. In terms of governance, the Company's Board of Directors continues to be optimized, with the introduction of a new shareholder, Ms. Chen Hong, a representative of Zhuhai Port, during 2021, and the Board of Directors now comprising 40% independent directors and 50% women. August 2021 also saw the first announcement of an employee share incentive plan, improving the incentive system to align participants' benefits with those of the Group and incentivizing long-term value creation for shareholders at large. December 2021 saw the release of the Henan Province In December 2021, Tian Lun was ranked 7th in the list of top 100 private enterprises in terms of social responsibility.